Wemark, powered by Etherium blockchain, offers a platform for marketplace distribution of digital contents using the digital currency for transactions. The platform seeks to serve as a “distributed marketplace” where customers can have access to fully licensed digital contents provided by content creators. The system aims to allow content creators to relate directly with their customers without any intermediary and have control and rights over the content they have created.
WHICH INDUSTRY GETS THE FIRST WEMARK SHOT?
The initial first use case is the photography industry. The Wemark project is intended for the field of stock photography because the industry is believed to bring a high yield in the next two years, with a projection of $4 billion.
WHAT’S NEW ABOUT WEMARK?
At every level, both customers and content creators benefit mutually. Wemark ensures that the prices of the contents are affordable and each party is a substantial beneficiary. Once the middle-men factor is eliminated, customers can access their content providers, and thus build a trusted relationship without any interference from external or third party. Wemark Protocol is designed with Ethereum and so guarantees a high level of transparency from both parties (customers and photographers). Wemark ensures that transactions are done and licenses registered on a public distributed ledger to increase the level of users’ confidence. One other perfect feature of the platform is the difference between its soft cap of $1,500,000 and the hard cap of $8,000,000.
HOW WILL WEMARK ACHIEVE THIS?
Wemark plans to implement a blockchain-based technology that will bring solutions to the major issues currently being faced by centralized systems like Getty Images and Shutterstock. The first step is to remove the middle-men factor and that will help significantly causes a reduction in the price of the final product for consumers. In that sense, photographers are able to get good value for their money, retaining as much as 85% of the total sale price of their products. This advantaged earning from the photos delivered gives photographers confidence to work closely with Wemark.
WEMARK TOKEN
The platform has and uses its own digital currency called the Wemark Tokens. The tokens serve as the main medium of exchange on the platform, and users will be able to carry out all transactions – buying and selling- on the platform using the tokens. The token is represented by WMK with a total supply of 135,000,000. One great advantage that Wemark token gives to its users is that it conforms to the ERC20 standard, an edge that the platform has over every other existing ones. By that it will soon be listed on the exchange. Wemark Token will be allocating a total of 38% of its Token Sale, withholding only 11% for its internal use: for its employees and the team.
CONCLUSION
Wemark is coming at a time when its services will be greatly appreciated because the quest for a decentralized content distribution platform where customers and content creators are seeking mutual profit sharing. The competition is huge though Wemark will have to prove itself to make its services formidable and sought-after. No doubt, Wemark is a well thought project that will shake the crypto world. The individuals that make up the team are amazing experts in their respective fields with firm idea on what difference they seek to bring to the table with Wemark concept.
To Learn More About Wemark, Kindly Visit The Links Below;
Website: http://wemark.com/
Twitter: https://twitter.com/_wemark
Telegram: https://t.me/wemark
ANN Thread: https://bitcointalk.org/index.php?topic=3347524.new#new
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Eth Address: 0xDedb6039f564d50f107D6C27794Cd2C283E878d0