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ICO WeMark

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As people move further and further towards decentralization, stock photos, a market widely known for its high prices and extensive copyright protection has now begun moved away from middleman companies such as Getty and Shutterstock, and more towards independent decentralization with ICOs such as Wemark.

What is Wemark?

Wemark is an ICO hoping to disrupt the stock market industry by removing middlemen companies and the insane (sometimes up to 85%) fees they impose over users selling photos. By removing these fees, photographers are able to sell their content to a wider audience for a cheaper price, possibly even raising their own profit slightly while reducing the cost for the buyer exponentially.

Wemark is a decentralized image Bank on the blockchain

The platform allows content authors to interact with clients directly. A smart contract, acting as a guarantor between the parties and allowing to conduct safe and open transactions without cheating, came to replace the centralized photo-stocks. In addition, the smart contract monitors licenses and allows authors to track who and to whom transfers the content, eliminating the possibility of fraud on the part of the platform.

Advantages Of WeMark:

Photographers receive up to 85% of the content cost, and the platform's fees are only 15%. At the same time, centralized banks embezzle up to 85% of the profits of content creators. The platform cannot change the terms of the contract without the prior consent of the photographers.
All rights are reserved to the photographers. WeMark may not dispose of or sell content on the side without the author's knowledge. The platform reserves the right to distribute only the content, which will only benefit photographers.
Bonus loyalty program that allows users to receive a reward for the promotion of works liked the photographer directly in the form of tokens WeMark.

Here are some of the most prominent features they’ll have access if they choose to work with the platform:

Full ownership of their content

A creator will no longer have to dump their content into the marketplace of a licensor’s network and wait for a report with a limited payout. Using the Blockchain-powered Wemark ecosystem, the photographer will be able to issue the distribution rights to whoever is willing to pay for it in accordance with a deal that will be subscribed using a smart contract. The Blockchain will keep track of every transaction and hold full accountability for the proper use of the content.

Full control of Costs

The Wemark platform will offer the content of photographers at different price ranges to accommodate every user’s choice. No content will be licensed without the approval of the artist on the final price.

New Model for Revenue Distribution

Wemark’s flagship offering is the ability of creators to collect 85% of royalty payments over the full price paid by the customer. The remaining 15% will be collected by the company to keep the ecosystem’s operation running. If unforeseen circumstances force Wemark to change their royalty rate policy in the future, no deal signed off until that point will be affected.

New Model based on Transparency

The nature of a smart contract is to secure transparency in all the dealings made with the product offered by it. Photographers often had to deal with the incorrect use of their content by sending notifications that would not be taken into consideration by the major networks unless they came with a legal warrant. With Wemark the protocol will ensure that content is handled in the terms stated in the smart contract to avoid copyright infringements or inappropriate use by third parties.

The economy of the token and the details of the ICO

Tokens WeMark established on the basis of blockchain Ethereum, and is used to pay for platform services, and the remuneration of authors and users in the framework of the loyalty program. In the future, new features will be added, such as Studio equipment rental and hiring photo models.ICO started on may 7 and will last until June 21. To successfully launch the platform, the team needs to raise only $8 million.

Tokens will be distributed as follows:

Wemark Roadmap Platform To Become A Network Of Distributed Content Market

In May 2017, Wemark has made the appointment to pre-seed and successfully joined the silicon valley accelerator. The platform has completed a pre-seed fundraiser and raised up to 1 million USD. Funds are obtained from leading stage in Israel and the US.

The NFX fund access program specializes in network and market effects. In September of the same year, the platform has launched a waiting list for contributors who want to join in the beginning. The number of contributors reached over 1500 photographers who successfully registered in the first week.

The first product from Wemark was launched in January 2018 with an Alpha version. The launch of Wemark for creator gives photographers the opportunity to create the required profiles within the platform.

Photographers can also verify identity data submitted. Besides, the photographer can instantly upload images for review. At that stage, more than 20 thousand copies have been contributed by thousands of photographers. Outstand

ing early participation shows that photographers need a new system to maximize rewards and profits to digital creators. Wemark will be the right place to appreciate digital art with the comfortable and functional concept for photographers.

In February 2018 Wemark has announced the first advisory council to have a specialist in a particular field. Platform development then continues with the announcement of strategic and exclusive partnerships. Partnerships are conducted with the world's largest content provider in photographic stock.

In the following months, the Wemark platform has released a white book by launching the TGE site. The white paper began to be published and can be known detailed information through the website. The generation token event or TGE is planned to be held in May.

General token sales are scheduled to open on May 7th. Participants can purchase tokens in just two weeks after the whitelist period. Wemark plans to launch the alpha version of wemark.com in June 2018. This launch can function as a full market and can make transactions. The alpha version launch also allows you to perform payment and licensing distributions.

Future developments will launch Wemark pioneers into an early customer program. The platform will continue to develop support for new payment methods to make networking easier. The beta release will take place in the 4th quarter of 2018 and will end with a system upgrade for support for new content.

New content should be kept up to date to keep the system up-to-date. Maintenance and system upgrades will also be made to avoid outdated systems.