FotoCoin

Introduction

ItsFoto is an image uploading and downloading platform that is first of its kind to provide privacy and income to its users at the same time. The project’s aim is to provide anonymous uploading of images and royalty free downloading of images. We also aim to provide creators and photographers bounty for their creativity and innovations without revealing their privacy to the world. We will also try to protect the system from misuse and make it stable and usable by common users. 

Features 

This section will shed light on few of the many features of this system. We will also try to cover the benefits of this system and talk about how this platform is one of its kind and better than the existing ones. 

Royalty Free Images 

Royalty-free, or RF, refers to the right to use copyright material or intellectual property without the need to pay royalties or license fees for each use, per each copy or volume sold or some time period of use or sales. The most basic concept you must know to work with stock photos is that you are acquiring the right to use a photo in a certain way, not the property of the photo itself. Unlike many existing photo platforms, you won’t have to pay any money upfront for using individual images. All images on ItsFoto will be available for free download and will be free to use for personal and commercial purposes.

FotoCoin Implementation

At the very heart of ItsFoto lies FotoCoin to power the platform and make it simple for use by everyone. FotoCoin will be used for giving and accepting donations and for bounty distribution to uploaders. FotoCoin makes the system reliable, safe, secure, private, anonymous and free from third party interventions (like payment systems etc). The many features of FotoCoin will be discussed in details in the later sections of this paper. 

Benefits 

The combination of ItsFoto and FotoCoin will benefit the image uploaders (artists, creators, photo enthusiasts etc), image downloaders (designers, developers etc) and the crypto world in terms of usage, implementation and adaptation. ItsFoto will try to educate the common people (who are still unaware of crypto revolution), will try to boost the cryptocurrency adaptation by common people (who are not yet using the power of crypto) and will show them the power and usage of cryptocurrency in real world innovations. 

Premine 

A very small percentage of FotoCoin has been mined by the developer and reserved to process certain initial necessary tasks. Prime purpose of the premine is to support ItsFoto Platform both in present and in future. This premine will prove helpful in initial boost, distribution and establishment of the project. It will also help in future advancement and expansion of the project. 

Premine Distribution 

Premined FotoCoin will be used for many progressive tasks necessary for development and boost of ItsFoto. Premined FotoCoin will be distributed among the development team, image uploaders and as bounty to many other users promoting the platform. The perfect overview of the distribution is shown in the chart below.

• Image Uploads (43.55%)
• Bounty (3.13%)
• Masternode Distribution (17.42%)
• Initial Setup (1.04%)
• Development Team (8.71%)
• Reserved (26.13%)

Roadmap 

The following roadmap is an initial plan set up for 2019, which may be revised later as we progress the project forward.

Q1 2019
Plan and release fotocoin List fotocoin on exchanges Alpha version release of itsFoto anonymous upload and download of images Free CC0 License for all resources sorting images by categories get paid for uploading images get donations for uploaded images 

Q2 2019 

Update fotocoin if necessary List fotocoin on more exchanges as per user demand Beta version release of itsFoto UI/UX improvement star rating or adding to favourites sharing images to social media improved search functionality bundle downloads

Q3 2019 

Stable version release of itsFoto commenting feature on images API releases multiple download options 

Q4 2019

photo collections account registration photo management by users multiple uploads for registered users

PROJECT LINK:

• http://www.itsfoto.com/fotocoin
• http://www.itsfoto.com/whitepaper.pdf
• https://t.me/fotocoin
• https://discordapp.com/invite/xu34UR9
• https://twitter.com/Foto_coin
• https://github.com/fotocoin/fotocoin
• https://bitcointalk.org/index.php?topic=5113886

AUTHOR:

BITCOINTALK ID Name: DEWI08

PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=894088

XLM: GBXGP6OVY7S7HOHGYTDENTR6WKBQHWLBT74FJOVPRS62GAMKBESKNUZH