Another ICO with a utility token that is essential for the system to run, but is limited in supply and will be subject to market price swings.
How is that even supposed to work over the long term without the system grinding to a halt?
https://youtu.be/pwEnjfo3QIo?t=601As their first use-case, Wemark Tokens will be used to license and access photos on Wemark’s
marketplace (wemark.com). As all the transactions on Wemark.com will be done through the
Wemark protocol, licensing photos on the marketplace will require the use of Wemark Tokens.
The tokens will enable direct transactions between photographers and customers, while using
Wemark’s protocol to reward Wemark for distributing the photo and other parties that helped to
promote the content (referrals) if applicable.
Our vision is a dedicated token to enable creators to get paid directly from customers and pay
for all the services related to creating, protecting and distributing their content. For example,
photographers will be able to hire models, buy equipment, and even pay for legal services (if and
when needed) using WMK.
Another step in the economy’s evolution is to enable fractional (or partial) ownership of content.
This means that creators will be able to “tokenize” their content and share its ownership with
other parties. Creators will be able to give a fraction of the ownership over their content (includ-
ing future revenue) for those who helped creating it (models, actors, editors, etc.) or for inves-
tors and early supporters in the form of crowdfunding.
Wemark will work continuously to develop new ways for the tokens to be used - within and
outside the limits of the protocol and Wemark’s products. More use cases are likely to be
announced (and added to this White Paper) before the TGE, and frequently after it ends.
