Wemark(WMK)-The Platform that Allow P2P Transactions Between Creators and Users
Wemark creates a unique blockchain ecosystem, which allows artists to offer their digital content. The company aims to disseminate the current distribution of benefits and rights over content distributed in the public network, allowing these artists to concede their work directly to customers, while retaining full ownership and rights over them. The company is currently developing in the form of other media, but is ready to offer its services to photographers. The Tai Kaisha team, Pavel Elkind and Roy Meir are trying to change the revenue dynamics established by major online retailers with Wemark Token (WMK).
Now Its ICO Time
The WMK signs are the financial costs of the actual use of the Wemark ecosystem, since users pay for the content they find on the platform, and that is how the artists will receive their income and rewards. It is also a tool offered by companies to finance the further development of their activities, by offering public sales. Tokens are developed using the ERC-20 protocol proposed by Ethereum Blockchain. The company will have 135 million units during the symbolic event, which will take place from May 7 to May 21, 2018. Companies must reach a maximum limit of $ 8 million to be considered successful, but can manage with a capitalization smoothly $ 1.5 million to continue working.
After running the TGE, the marker distribution will be transferred. The company is trying to manage the distribution as follows:
- 38% will be offered for public sale at a price of 0.20 per WMK unit
- 37.5% will be retained as reserves for community and economic premiums with a reduction
- 12% will be offered to partners and consultants
- 11% will go to the constituency and employees
- 1.5% will be used in the Bounty Program
All tokens provided to founders, consultants, and developers will be blocked for transfers during the first 12 months of activity. If the maximum limit is not reached, all unsold chips will be eliminated and the proposal will be dealt with appropriately.
Wemark Token (WMK)
Wekmark will rely on the Ethereum network with a ticker (WMK). The total offering will be $ 135 million with margin sales, effective May 7, 2018. The minimum loan the allocation is $ 1.5 million (USD) with a very reasonable maximum limit of $ 8 million dollars.
Referring to the previous problem, Wemark offers several solutions that help photographers distribute their content directly to users in a simple, simple and useful way. Wemark allows them to directly contact their customers and check the price of their work. Wemark will become a bridge connecting creative and content markets. In the system, the market must sign a digital contract that contains fixed fees or distribution rights. Contracts govern everything related to royalties, such as price bands, platform fees and licenses issued to users. It is impossible to change the contract without the consent of all parties. Wemark also offers support programs that help content creators and markets attract more potential customers. The referral program will expand the distributed content market. There will be a reward for the community that shares the content and adds more users to the content.
The future of the project
The WMK tokens are designed to allow creators to grow as entrepreneurs. With an increase in revenue, it is unlikely that these professionals are not in a difficult position to produce content on the stock market without a purpose. Independent photographers can find the time to develop their own style and cover the costs of more detailed photo sessions. The token also serves as a tool for partial ownership of content agreed with customers, allowing you to share ownership and revenue based on the success rate and impact. In the same way, new ways of using tokens will be developed, new forms of multimedia will be integrated into the ecosystem. The advantages for musicians, composers and advertisers are endless.
Wemark’s vision is to create a prosperous and growing digital content economy. It is completely compatible with the blockbuster protocol, which works for all members of the community including creators, users and the market. When distributing digital content from creators, Wemark uses some principles called Wemark Protocol. This protocol is based on a series of intellectual contracts. This is used to improve all exchanges of distributed digital content. A protocol is the key to organizing all transactions within a platform, such as authorizations, access, payments and revenues for creators, markets and links. Wemark offers distribution agreements between the creator and the market. This agreement has not changed. Under the agreement, creators and marketers can obtain cost-effective solutions for everyone. Agreement signed with digital signature. After signing a chain of blocks, you will see the contract and its terms, which contains the price of the license, the issuance of the license, the payment for the distribution and more or less. Blockchain does not allow anyone to alter, reject or eliminate an agreement in any way. It will keep the contract safe and unchanged. If there is not an agreement between all the parties involved, there is no way to change the agreement. Therefore, it is clear here that the intellectual distribution agreement is very different from the traditional agreement. Through intelligent contracts, Ethereum’s smart agreement can automatically distribute revenues, receive payments and issue licenses.
The Road Map
The project began in May 2017, when the company proposed a preliminary launch to prepare the launch of the creator’s waiting list. In September 2017, the waiting list was created. It has been quite successful because the first week has been recorded by more than a thousand photographers. At the beginning of 2018, Wemark published its first product. The advisory committee was announced the following month, followed by the announcement of the Wemark partners. In April of this year, Wemark launched a white paper and its website and announced TGE. Next month, which will be held in May, will be held by TGE. After the end of the sale in June.
Wemark, the photographers will retain the rights to their work. In addition, they can verify the price of their contents. More importantly, they can receive more income than they can get in traditional markets. All processes for distributing the content with a license to distribute the revenues are made transparently. Meanwhile, customers appreciate the current and latest photos, the best prices and the support of the community.
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