Po.et’s Token Sale August 8, 2017
Po.et, a new protocol designed to accelerate solutions for the digital media industry utilizing blockchain technology and timestamped metadata to create proper attribution and licensing opportunities for publishers have announced their invitation-only POE token sale for August 8, 2017.
The core objectives of Po.et are to create a platform which simplifies the process for publishing, licensing and authentication of digital assets. Simplifying the publishing process necessitates solving the issues of document integrity, licensing, arbitrage, analytics, syndication and attribution of digital assets. Po.et aims to create a Bitcoin blockchain-based platform with added smart contract functionality and applications to facilitate distribution of digital creative works and remove marketplace friction for publishers, editors and content creators by solving these issues, as well as creating greater cost efficiencies in hashing metadata than previously introduced.
Po.et has previously raised $1 million USD in a pre-sale of tokens from media veterans, institutional investors, and blockchain entrepreneurs. Now Po.et is aiming to raise an additional $9 million USD through the sale of the POE token, which represent a share of revenue generated from commercial activities on the Po.et network.
Of the 3,141,592,653 POE tokens released, 50 percent will be distributed to the community. Of the remaining POE tokens, 10 percent will be distributed to the early investors who funded Po.et development prior to the token sale. An additional 10 percent will be distributed over time to publishers, journalists, alpha publishing partners and others who contribute to growing the Po.et network. The Po.et Foundation will retain 22 percent of all POE tokens for long-term development, with the remaining 8 percent going to the early team and founders.
For further info and the official Po.et whitepaper, visit their website at http://po.et.
For media inquiries or to schedule an interview, contact Jill Richmond or call (973) 710. 6073
source https://news.bitcoin.com/pr/