Post
Topic
Board Announcements (Altcoins)
Re: [ANN] Picax - Sell Instagram photos with #picax. [ICO] Starts on Nov 6
by
chemicalbruva
on 28/10/2017, 21:13:16 UTC
hi, looks nice project, where i can find more token details like supply? good luck
Thanks erv! There will be a total of 35 000 000 PIC tokens made available, with no further emissions planned. The price of 1 PIC token will be equivalent to $1. The tokens issued will remain in circulation until exchanged by their holders for unique privileges like services at a special discounted price, advertising, consulting by Picax staff and more. Our White Paper elaborates more on this, and we will publish it in the upcoming days. Stay tuned!

I don't use Instagram but many of my friends do so I know it's quite popular around here. I want to ask, why would someone pay for a photo if you can simply right click and download it?

What is the minimum investment and what is the price per token?
Are you planning to do signature campaign or what kind of bounties? I will check the details when you open the Bounty thread.
Good luck, this project has potential!
Thank you for your questions, zakalwe. Downloading a photo like that infringes copyright and damages the author. Some people get away with this, but it is not the norm, especially when it comes to publishing content as a business. A marketer or blogger can forever damage his company's brand through unauthorized use of somebody's content. Hence, a straight-forward license and a small price is what keeps them safe. We will also use a few tools like watermarks and potentially a disabled right click on the image to weed out most unauthorized attempts and protect photographers' content. Hope that explains it Smiley

1 PIC will have a price that is equivalent to $1. We do not set a minimum investment limit. Unlike most other tokensale campaigns, we're launching this platform regardless of the tokensale results. We will complete the beta in a couple of months, while the additional funds will be used to build a more robust product and grow the business at scale. We want to make the platform available to as many casual photographers as possible.

And as far as bounty and signature in particular, we're finalizing the terms for you right now. Expect an update mid next week!