Topic: [ANN]⚜️ portion is the art world's bridge into the new world of Cryptocurrency⚜️ (Read 408 times)
November 21, 2018, 09:20:15 AM
Tell us more about the team and founders. Do they have crypto experience? Do they have background at blockchain or it is the first project in the field?
November 21, 2018, 10:05:08 AM
Why do you pick Ether as your blockchain solution? Are you planning to stick with it or upgrade? Something with more scale and less Gas fees?
Smart contracts on Ethereum blockchain and specifically ERC-20/ERC-721 standards are currently the most reliable and well tested in our opinion. Of course, we always look out for the best experience/delivery for the users, so if the community starts to adopt a better standard, we'll certainly research it. What were you referring to when you mentioned more scale and smaller gas fees? November 21, 2018, 09:59:00 AM
The Art industry is being attacked by a lot of fraud and unlawful businesses, will Portion have any insurance or a policy to act against frauds?
We are currently only working with living artists, where the art comes straight from the source (them!). So fraudulent product is not an issue.
but after the artist sells his artwork, the next owner can give it as a present to a third person and basically you lose all track of the authenticity of this piece of art...
Not really. A transfer (giving art as a present) is treated like a non-monetary transaction, so it would be tracked just the same. And provenance (origin of the art piece) is never changing.
November 21, 2018, 09:46:30 AM
I've read that a smart contract only achieves its ideal when you're dealing with digital assets or pure digital structures but as soon as the real world gets involved… it gets more complicated. Will you face this same problem?
November 21, 2018, 08:45:58 AM
Have you set-up any rules as what will happen should it be proven that there's plagiarism? This might be a big IF but it should be one thing to consider. Even if it might be a far-fetched scenario for now, this is a step to look into just so there won't be such attempts.
November 21, 2018, 06:53:05 AM
Why do you pick Ether as your blockchain solution? Are you planning to stick with it or upgrade? Something with more scale and less Gas fees?
November 21, 2018, 06:28:10 AM
Will the artists be categorized according to the medium that they will be using? That will help collectors easily select their preference.
November 21, 2018, 05:31:42 AM
What will be the first country for your beta testing?
November 21, 2018, 05:09:21 AM
The Art industry is being attacked by a lot of fraud and unlawful businesses, will Portion have any insurance or a policy to act against frauds?
We are currently only working with living artists, where the art comes straight from the source (them!). So fraudulent product is not an issue.
but after the artist sells his artwork, the next owner can give it as a present to a third person and basically you lose all track of the authenticity of this piece of art...
November 20, 2018, 11:25:21 AM
It is great that it will exist as an ERC-20 on Ethereum, but why ERC-20 and why not ERC-223 where it is able to handle a network of greater nodes and sustainable on economies of scale?
We chose ERC-20 as it is more tested and more established in terms of cross platform and cross exchange support, but we are pretty familiar with the proposed advantages of 223 and have been following it for a while. One advantage of ERC-223 is to prevent accidentally sending tokens and getting them held by a contract, but we are doing a lot of validations with Web3 and in our contracts preventing a lot of these edge cases. Our CTO and Co-Founders are very active on our Telegram channel if you want to continue the convo there: https://t.me/PortionOfficial
November 20, 2018, 10:07:52 AM
The Art industry is being attacked by a lot of fraud and unlawful businesses, will Portion have any insurance or a policy to act against frauds?
We are currently only working with living artists, where the art comes straight from the source (them!). So fraudulent product is not an issue.
November 20, 2018, 10:04:36 AM
Hope that the WP will be released really soon, so that we can have an in-depth knowledge of what Portion can do. When can we expect that to happen?
The White Paper is available now! You can request the white paper on our website: https://portion.io/
November 20, 2018, 09:27:43 AM
Could be that they trust their artists so they're willing to take the risk.
November 20, 2018, 09:09:11 AM
Will it not be risky to provide loans? How will Portion go about in securing the art as collateral?
November 20, 2018, 09:02:30 AM
Some of my good friends are concerned about how they can work more safely with their clients (in the field of art). Apparently, your project can be useful to them, I will tell about you!
November 20, 2018, 08:44:31 AM
How do distribution of tokens work?
November 20, 2018, 07:09:52 AM
what is the reason that makes you sure that the product you are about to create is very unique and can attract investors?
November 20, 2018, 07:02:44 AM
The Art industry is being attacked by a lot of fraud and unlawful businesses, will Portion have any insurance or a policy to act against frauds?
November 20, 2018, 06:46:38 AM
How can we participate on the Beta-testing?
I have no idea, I guess you should go on their website and DYOR!
November 20, 2018, 06:32:50 AM
How can we participate on the Beta-testing?
Hey there
Please use this link:
https://beta.portion.io/login.html
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