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Author Topic: Photochain Fees ?  (Read 40 times)
phuocth.tp
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April 02, 2018, 06:25:14 AM
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Photochain Fees

#Photochain will charge a 5% fee. This fee goes to the wallet of the Photochain Governance account.

If a photo is priced at 5 EUR, then a fee of 25 cents will be added. The 5% fee is divided into different components of the app, with most of it going to the team and the app reserve fund:

    0.02% for the Ethereum network fee paid to miners and for interaction with the Photochain smart contract
    0.98% for data storage costs, because pictures and digital works require ample storage space
    2% for the Photochain Governance Team for ongoing development and moderation
    2% for the Photochain decentralized app (DApp) reserve

The Photochain DApp reserve fund will be used to pay rewards for resolving disputes. Higher payouts from this fund will need approval from two moderators of the highest level, while smaller payouts (like rewards for resolving a claim) can be processed automatically.
https://photochain.io/
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AdSkull89
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April 02, 2018, 06:29:35 AM
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Photochain Fees

#Photochain will charge a 5% fee. This fee goes to the wallet of the Photochain Governance account.

If a photo is priced at 5 EUR, then a fee of 25 cents will be added. The 5% fee is divided into different components of the app, with most of it going to the team and the app reserve fund:

    0.02% for the Ethereum network fee paid to miners and for interaction with the Photochain smart contract
    0.98% for data storage costs, because pictures and digital works require ample storage space
    2% for the Photochain Governance Team for ongoing development and moderation
    2% for the Photochain decentralized app (DApp) reserve

The Photochain DApp reserve fund will be used to pay rewards for resolving disputes. Higher payouts from this fund will need approval from two moderators of the highest level, while smaller payouts (like rewards for resolving a claim) can be processed automatically.

Hint: linking your website would be useful for those you don't know about your project.
phuocth.tp
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April 02, 2018, 08:14:57 AM
 #3

Photochain Fees

#Photochain will charge a 5% fee. This fee goes to the wallet of the Photochain Governance account.

If a photo is priced at 5 EUR, then a fee of 25 cents will be added. The 5% fee is divided into different components of the app, with most of it going to the team and the app reserve fund:

    0.02% for the Ethereum network fee paid to miners and for interaction with the Photochain smart contract
    0.98% for data storage costs, because pictures and digital works require ample storage space
    2% for the Photochain Governance Team for ongoing development and moderation
    2% for the Photochain decentralized app (DApp) reserve

The Photochain DApp reserve fund will be used to pay rewards for resolving disputes. Higher payouts from this fund will need approval from two moderators of the highest level, while smaller payouts (like rewards for resolving a claim) can be processed automatically.

Hint: linking your website would be useful for those you don't know about your project.
Thanks @AdSkull89. https://photochain.io/
OfficialAmulet
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April 02, 2018, 11:12:34 PM
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Will be interesting to see if this project is able to achieve what Youtube has been utterly failing with over the past few years...
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