Topic: [ANN]⚜️ portion is the art world's bridge into the new world of Cryptocurrency⚜️ (Read 398 times)
November 21, 2018, 10:20:15 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, 11:05:08 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, 10:59:00 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, 10:46:30 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, 09:45:58 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, 07:53:05 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, 07:28:10 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, 06:31:42 AM
What will be the first country for your beta testing?
November 21, 2018, 06:09:21 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, 12:25:21 PM
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, 11:07:52 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, 11:04:36 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, 10:27:43 AM
Could be that they trust their artists so they're willing to take the risk.
November 20, 2018, 10:09:11 AM
Will it not be risky to provide loans? How will Portion go about in securing the art as collateral?
November 20, 2018, 10:02:30 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, 09:44:31 AM
How do distribution of tokens work?
November 20, 2018, 08:09:52 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, 08:02:44 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, 07:46:38 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, 07:32:50 AM
How can we participate on the Beta-testing?
Hey there
Please use this link:
https://beta.portion.io/login.html
November 20, 2018, 07:28:02 AM
Is there a target ,tentative date on December 2018 that the Beta-testing will be launched?
The beta is actually alive!
November 20, 2018, 07:25:21 AM
Seems like a breath of fresh air in this harsh crypto times...
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
Hey there
Please join our community, we will be happy to answer all your questions (=
what a quick response! I will join it, is the Telegram group, the right place to interact with the community or you suggest somewhere else?
Hey
Yes, Telegram is a great place to ask!
November 20, 2018, 07:23:24 AM
Is there a target ,tentative date on December 2018 that the Beta-testing will be launched?
November 20, 2018, 07:17:19 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?
November 20, 2018, 07:08:38 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?
November 20, 2018, 06:41:33 AM
Seems like a breath of fresh air in this harsh crypto times...
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
Hey there
Please join our community, we will be happy to answer all your questions (=
what a quick response! I will join it, is the Telegram group, the right place to interact with the community or you suggest somewhere else?
November 20, 2018, 06:22:34 AM
Seems like a breath of fresh air in this harsh crypto times...
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
Hey there
Please join our community, we will be happy to answer all your questions (=
November 20, 2018, 05:43:55 AM
Seems like a breath of fresh air in this harsh crypto times...
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
I do have a few things I'd like to understand in more depth, but overall, I always up for supporting art-related projects.
November 20, 2018, 05:22:11 AM
reserved
November 20, 2018, 05:06:34 AM
Website | Facebook | Twitter | Telegram | Reddit | LinkedIn | Medium | Steemit | Pinterest | YouTube | Whitepaper
Portion is the art world's bridge into the new world of cryptocurrency.
Through Portion’s smart contracts and distributed technology, the art market is liberated into a free market.
Portion liberates creatives and collectors by eliminating intermediaries and bloated fees seen in the traditional art and collectibles industry.
By combining art and collectibles, Portion gives creatives a new means of digital expression and direct access to collectors in a way never seen
before.
Built on the Ethereum Blockchain, Portion’s value proposition is simple:
Provide a transparent and trusted means to certifiably authentic, high-value goods in exchange for the cryptocurrency.
Note: Portion is currently in a Beta-testing phase of development.
The first public product launch is scheduled for December 2018.
Regular research is ongoing and updated versions of this ANN post or our Whitepaper may be released.
Visit our website for recent updates and announcements.
How Does the Porti Token Work?
The use of cryptocurrency for payment allows for multiple benefits including:
Network knowledge of sale price, faster settlements, global accessibility, privacy, and profit sharing.
All profit is immutably recorded, cash flow is transparent, and the final owners are probably in possession of declared assets.
All profit from Portion is equally distributed to all outstanding token holders on a recurring basis.
Porti will exist as an ERC-20 asset on Ethereum.
The Ethereum Blockchain was chosen for its global redundancy and a large community of active development.
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