Our investors believe in us to achieve this — putting their money on us. A crypto fund has recently bought into Photochain, with a purchase of 25 million PHT — 13.9% of total funds available plus an option to acquire a further 4.6% of PHT tokens.

22nd of April 2018 | Medium Article | Introducing Photochain

Token Details

Token Name: PHOTON (PHT)
Represented value: tokenization of digital visual works
Standard: Ethereum ERC20, utility based
Price per Token: 0.00017 ETH
Pre-Sale Cap: 10,000,000
Crowdsale Cap: 165,723,285
Hard Cap: 230,000,000
Token Privileges: platform utility token
Release Date: issued after crowdfunding

ICO Distribution

  • 30% Marketing
  • 30% IT Development
  • 8% Infrastructure
  • 10% Copyright and Licensing
  • 5% R&D and Platform Evolution
  • 4% Legal, Accounting and Audit
  • 4% Cooperations with Photo Agencies
  • 4% Allocation to contributors
  • 3% Business Development
  • 2% Business Development

Private Pre-Sale

Using Tokensuite as ICO support

On the 23rd of January 2018 the 50% discounted pre-sale was extended to the 29th of January.

Photochain Pre-Sale

Pre-Sale PHOTON token Hard Cap: 10,000,000 PHT
Currency accepted: ETH, BTC, LTC

Token exchange rate: 1 PHT = 0.000102 ETH (accordingly in other cryptocurrencies, discount of 40% on the standard PHT price).

Amount of tokens per one person: unlimited
Minimum transaction amount in Ethereum: 0.1 ETH
Maximum transaction amount in Ethereum: unlimited (within Hard Cap)
Minimum transaction amount in Bitcoin: 0.003 BTC
Maximum transaction amount: unlimited (within Hard Cap)
Start date: Early January 2018
End date: 29th February 2018, 23.59 CET

Photochain Main Sale

Photochain Crowdsale is an important milestone for the future of the project. The financing will mainly be needed to expand the Photochain Governance Team and the delivering the 1. version of the Photochain DApp.
Start date: March 2018
End date: March 2018
PHOTON token Hard Cap : 165,723,285 (minus tokens sold during Pre-Sale)
Currency accepted: ETH, BTC, LTC
The exchange rate is 1 PHT = 0.00017 ETH (accordingly in other cryptoassets, time based discounts should be taken into consideration).
The minimum transaction: (0.1 ETH and corresponding value in BTC/LTC)
The maximum transaction: (100 ETH and corresponding value in BTC/LTC )
Discounts for PHT tokens:
Day 1 to 7: -30% discount
Day 8 to 14: -20% discount
Day 15 to 21: -10% discount
Day 22 to 31: -5% discount

ICO Main Sale

Maximum Amount of PHOTON Token: 230,000,000
PHOTON Token ICO overall Hard Cap (total tokens for sale):180,000,000
Currency accepted: ETH, BTC
The exchange rate is 1 PHT = 0.12 USD (cryptocurrency equivalent at real-time exchange rates at time of transfer, time based discounts apply)
Minimum transaction: (0.2 ETH and corresponding value in BTC)
Maximum transaction: (dependent on sale phase. Between 25 ETH and 10,000 ETH — corresponding value in BTC)

ICO Main Sale I

ICO Main Sale I “Community ♡ Sale”, for 3 days:
(open sale, non-capped within hard cap but with smaller individual maximum transaction amount)
Start date: 06.04.2018 at 00:00 am CET
End date: 08.04.2018 at 23:59 pm CET
Time based discounts for tokens price during the Main Sale I Event:
Day 1 to 3: 30% discount => 1 PHT = 0.084 USD with optional (voluntary) vesting of 12 months: -40% discount => 1 PHT = 0.072 USD
Maximum transaction amount: 25 ETH

ICO Main Sale II

ICO Main Sale II “Braveheart Sale”, for 30 days:
(open sale, non-capped within hard cap limit)
Start date: 09.04.2018 at 00:00 pm CET
End date: 08.05.2018 at 23:59 pm CET
Time based discounts for tokens price during the Main Sale II Event:
Day 1 to 10: 30% discount => 1 PHT = 0.084 USD with optional (voluntary) vesting period of 4 months: -35% discount => 1 PHT = 0.080 USD
Day 11 to 30: 20% discount => 1 PHT = 0.096 USD with optional (voluntary) vesting period of 6 months: -25% discount => 1 PHT = 0.090 USD
Maximum transaction amount: 10,000 ETH

ICO Main Sale III

ICO Main Sale III “Remnant Sale”, additional 20 days:
(open sale, non-capped within hard cap limit)
Start date: 11.06.2018 at 00:00 am CET
End date: 30.06.2018 at 23:59 pm CET
Time based discounts for tokens price during the Main Sale III Event:
Day 01 to 10: 10% discount => 1 PHT = 0.108 USD with optional (voluntary) vesting period of 8 months: -15% discount => 1 PHT = 0.102 USD
Day 11 to 20: 5% discount => 1 PHT = 0.114 USD with optional (voluntary) vesting period of 10 months: -10% discount => 1 PHT = 0.108 USD
Maximum transaction amount:10,000 ETH

KYC

KYC was performed via the iOS or Android app PXLBeam VerifEye. If KYC via the app failed they had a Google Form for providing information.

ICO Change

On the 2nd of May 2018 another stage was added to the ICO.

Announcing: The Photochain Braveheart III Sale

As we mentioned when announcing our Token Sale timeline, things can change extremely rapidly in this dynamic world of Blockchain.

Photochain launched it’s public sale during the worst crypto bear market in several years. But thankfully now, less than a month later, it seems the market is stabilizing.

Additionally, since the start of the sale we have gained real traction with institutional, Crypto Fund and Super Angel investors — some of whom have joined us as Advisors — like Roberto Capodieci and one of the Legendary original Bitcoin Evangelists Lee Wilson, both of whom are helping us with our geographic expansion to Asia.

Due to this combination of challenges and blessings, we are inserting an additional stage into our Pubic sale: Braveheart III.

Braveheart III fits nicely in between the previously communicated Braveheart II and Remnant stages both in terms of timeline and discount offered. This new stage will run from 9th May until 11th June. During this period you can avail of a 15% discount or 20% with the optional (voluntary) vesting period of 4 months.

Remember, Braveheart II is still very much alive with the best possible discount of 20% (or 25% if you agree to the 6 month vesting period) so don’t miss your opportunity to contribute early, as we gather steam with the original Blockchain influencers and embark upon our strategic Asian expansion!

ICO Main Sale III

ICO Main Sale III “Braveheart Sale III ”:
(open sale, non-capped within hard cap limit)
Start date: 09.05.2018 at 00:00 pm CET
End date: 11.06.2018 at 23:59 pm CET
Time based discounts for the PHT tokens price during the Main Sale III Event:
-15% discount => 1 PHT = 0.102 USD

with optional (voluntary) vesting period period of 4 months: -20% discount => 1 PHT = 0.096 USD
Maximum transaction amount = 10,000 ETH

ICO Pause

On the 9th of June 2018 Photochain posted about an ICO pause.

Photochain Strategy Update

Today we are announcing some important news, regarding the Photochain Token Sale. But first let us give you the current state of play:
-We are working hard on developing further our platform to be a fully working Alpha Release, therefore reaching a more mature status already during our main sale.
-We are in negotiation with larger Venture Capital and Crypto Fund investors from Europe and Asia- they are very interested in our solution but they want to see the next increment of our platform.
-We believe that larger funding would be very beneficial for all stakeholders of Photochain, including our backers that already contributed to our token sale.
-We want to focus our efforts on the business and product development and real business transformation- currently the ICO is consuming all resources and not allowing us to do so.
Therefore, we start with pause end of tomorrow, Friday, 08 June (CET), for a maximum period of 8 weeks. If we achieve our goals earlier, we will resume also earlier.
We know that delays are in general undesirable and we want to keep the token sale pause also as short as possible but in the best interest of the overall success of Photochain.
After the continuation of the sale, there are 22 remaining days of the mainsale. We will send to all stakeholders a weekly development status update which documents our progress. Next to this we will emphasise on business development to increase our early contributor community, as well as to acquire further agencies as buyers.
With our current team and already held discussions, we are convinced that we can make significant progress on all three layers (funding, solution development as well as business development) with this approach in a comparably short period of extra time.
We count on you, our community for your continuous support of our ambitious mission to disrupt the stock photography market, and know we can rely on your understanding of the measures taken.

ICO Sale Resumes

17th of August 2018 | Token Sale Resume

Photochain update: ICO resumes August 17

14th of August 2018 | Medium Article

It has been a time of focused development for Photochain, and as promised we have achieved some major milestones as we build a stable foundation for Photochain’s future.

New technology, a new product and new partners — as well as an expanding photography community. What we need to do now is fulfil our funding goals, as we look to resume our token sale this Friday, 17th August 2018.

We’ve accomplished much in terms of business transformation and evolution — both on the strategy / partnership front and in terms of technical development. We are now in a much more mature position, which will go a long way in aiding us to reach our funding goals.

Beta release

Also on the same day, 17th August, we are launching our public beta product. The beta presents a deeper product, equipped with much more than ever. You will be able to delve into a range of front end and back end features, as we’ve described in our whitepaper.

With the help of our early contributors, we have invited some of you to test and give us your honest feedback on our product. We fully appreciate all feedback we have received so far.

Once our beta is live, we will be open and respective to all feedback from our larger community. Your thoughts really matter to us, so please let us know what you like and don’t like about the beta. We’ll let you know how you can do this in a further post regarding our beta in the coming days.

What else to look at for

As stated above, there is much to report on business development and also a rundown of what we’ve completed on the technical development of the product. These will be discussed in further posts, so stay tuned for more from us in the next days.

Finally, our early photography contributors and community has been growing steadily as we’ve been more interactive with photographers. To learn more and to sign up to Photochain as a photographer, take a look here and register your interest today.

As a reminder, we are resuming the ICO — and launching the beta — this Friday, 17th August 2018 at 00.00 Central European Time. There are 22 days remaining in the ICO, thus concluding at 23.59 CET on Friday 7th September.

To register your interest in the ICO and to sign up to regular updates, please join here.

20th of August 2018 | TokenDesk

Fiat currency is key to Photochain’s vision

20th of August 2018 | Medium Article

Thanks to our strategic partnership with TokenDesk, we are now accepting fiat currency- incl. Visa/Mastercard payments — for our ICO. This is a really important addition to our ICO participation, as many of our supporters from non-cryptocurrency backgrounds were understandably hesitant to take part using cryptocurrencies.

Our vision for Photochain has always been inclusive of both those with cryptocurrency knowledge and those without, as our internal PHT-fiat exchange will make it possible to purchase images from the platform with fiat currencies. Now due to demand, we’ve also opened our ICO to fiat participation.

How to join the ICO with fiat currency

We’ve made the process as simple as possible. To join our ICO and to buy PHT tokens in fiat, all you need to do is go to our homepage and click buy tokens. As shown in the image below, you have the option of Visa/Mastercard payments or SEPA bank transfer (EUR only), as well as in cryptos.

By following through the process, you will be directed to TokenDesk’s website, where you must complete a KYC (know your customer) with them. You will also be asked for a receiving wallet address — this is where you will receive your PHT tokens. Myetherwallet.com is an easy-to-use, secure wallet. You may also use any ERC20 compatible wallet of your choice.

If you have any issues or any questions you’d like to ask about the ICO or anything to do with Photochain, please ask in our Telegram chat or chat with us anonymously via our homepage chat.

Fiat currencies on the Photochain platform

As mentioned, we are big believers that blockchain applications should be accessible for all — with minimal cryptocurrency knowledge. This is why we are developing an internal fiat-PHT exchange for the live product release.

Buyers and sellers are both able to benefit from transacting with fiat currencies rather than crypto. Prices can be set in fiat, simplifying the process for photographers who don’t feel (or not yet feel) comfortable dealing in cryptocurrency.

Fiat users will still get the same benefits as those who transact in PHT tokens. Each fiat transaction for an image is automatically converted to PHT token and back to fiat, in between the buyer and the seller, so that licensing and other necessary information is stored on the blockchain. Hence there is no discernable difference between buying images in PHT or in fiat, it is simply a matter of personal preference.

To accept fiat for both the ICO and for the live platform is great news for our community. With this flexibility, users of all types no longer require additional cryptocurrency knowledge to participate. This is a key feature of Photochain, to be simple and intuitive to use, inclusive to all potential users and driving mass adoption.

As a reminder, the ICO is live — and so is the beta . The ICO will close at 23.59 CET on Friday 7th September.To register your interest in the ICO and to sign up to regular updates, please join here.

To register your interest in the ICO and to sign up to regular updates, please join here.

ICO Sale Ends

7th of September at 23:59

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