Piction Network — an ecosystem that aims to revolutionize the creation of the digital industry by returning power back to content creators. The platform seeks to achieve this by transforming existing centralized models of content ownership, distribution and monetization.
Contents:
- Brief description of the Klaytn Piction Network project
- Blockchain platform advantages
- More information about the dapp application
Brief description of the Klaytn Piction Network project
The Piction Network will ensure the coexistence of all members of the ecosystem, which leads to the growth of the digital content market. In addition, the network removes intermediaries from the market and allows content distributors to generate more revenue from their content.
Content creators will be able to choose their preferred monetization model. No middlemen will be in transactions, which means that creators will earn more for the content they post online, while delivering a steady income as the payment settlement process will be improved. To ensure fair competition among the stakeholders in the ecosystem, the PictionNetwork Council is responsible for managing the ecosystem and promoting its growth.
The Piction network works, using the following tokens:
- pixel marker (PXL),
- picture token (PIC),
- element token (ELE).
PXL — an ecosystem utility token that users can use to pay for services on the PictionNetwork and as a means of accessing network functions. The PIC token is used by community support to sponsor content creators, while ELE tokens are used as an incentive to encourage more people to join the network.
Blockchain platform advantages
The Piction Network has a decentralized ecosystem that is self-sustaining through its incentive and competition management program that ensures that all stakeholders make the most of the ecosystem's value.
Other benefits:
| Author-centric income distribution | PictionNetwork is geared towards content creators where they will have the opportunity to generate more revenue from the content they create. |
| Transparency | All transactions in PictionNetwork are on the blockchain. There is transparency and accountability about the income distribution, so creators will receive a fair share of their earnings. |
| Sponsorship | PictionNetwork will bring in community supporters to support content creators in a variety of ways, including marketing and translation, and, in return, receive a share of the revenue from the content. |
In the Piction network, all token transactions are controlled by a smart contract. The Piction team has developed a token economy that motivates every member of the ecosystem. The flow and usage of all PXLs are under the control of a smart contract on the blockchain and all transactions are transparent.
More information about the dapp application
The site has a White Paper, but the RoadMap is missing. The developers provide a blog on the Medium site, with which you can study the project in more detail. The community maintains a telegram channel, where platform news is published. The smart contract doesn’t have an audit.