Storichain Company Overview

Storichain is a project that provides a partially decentralized dApp application and a general protocol for solving the story industry problems using blockchain characteristics. The “story industry” refers to an industry that uses “stories” as the source of its products and includes areas such as films, dramas, web novels, web dramas, plays, musicals and radio shows.

Storichain can be seen as a digital history asset management system that allows people to make online transactions even with unreliable people by entering into an “agreement to prevent the theft of ideas”. Another problem in the industry is that of profit sharing. For example, the webtoon industry, which is one of Korea’s largest plot-based industries, has already exceeded $ 700 million in market size, but there are still many people who doubt the profit sharing structure in the industry, as well as in many materials. Creators still have difficulty getting enough compensation for their work.

Storichain begins by placing a token's value base on creating stories, which ultimately wants to reduce the cost of trust between the participants in the story industry — writers, production companies, and readers. In this way, Storichain will make the process of creating a derivative work from source material more transparent, deciding the injustice that exists in the industry and creates new values.

The Problem

• Fair distribution of profits to the creators
• Idea theft
• Collaboration between creators
• Interaction between reader and creator
• Target reach or audience
• Benefit of readers by reading content
• Options for readers rather to buy or try the product

Monetization

We live in a narrative world with dozens of stories a day. Webtoons, web novels, drama, movies, musicals, etc. Sometimes I give advice about the story through addition. The author gains the power of his empathy, expresses gratitude, and considers the proposal. Communication between writers and readers has become an important foundation for the creation of the online age. We strive to create a more fair and stable contract that creates asset value through communication between the artist and the reader.

I think the problem of distributing excess profits yesterday and today, but tomorrow will not happen again. Now it is necessary to distribute and distribute fairly to the authors who created the story of the origin of the media additive industry. In the future, it reaches 130 trillion won. On the other hand, reliable collection of reliable quantitative data is very difficult and can be used as a basis for distribution. Distributed Ledger Technology (DLT) allows you to more accurately measure “creative contribution data” The time has come to offer rewards. And if you can turn your story IP (intellectual property) into an asset, collect money from story IP, and track key contributory data from creation, then it will be a completely new lifestyle in two creative areas. 

The potential with the blockchain

Compared to existing technologies, the potential of blockchain-based platforms relies on the ability to record and distribute a single, immutable version of the truth to multiple parties. This is particularly useful to improve the efficiency and effectiveness of an industry’s value chain.

In most business-to-business transacting, firms spend much of their money, time, and effort making sure that the data sent from another firm is legitimate, and that it accurately reflects the facts and history of transactions and arrangements between them. What if all firms in a value chain had the same version of the facts and contractual arrangements, and they all knew that the others are looking at the same version, including updates? In such a transparent business environment, the focus can turn to doing business and adding value, rather than on verification of facts and settlement of transactions. 

Storichain feature

Optimizedoptimized for creators of _ Co-work / Co-write / Contracts between authors, weekly Compensation and APIs for third-party content provider companiesEasy to useAnytime, anywhere you want to tell a story. _

Easy and fast writing platform.Matching pairAuthor Match / Collaboration / Job Statistics Agreement / Update Notification / Complete Commission Create Participate inPlatform for readers to participate in work, become their own writers, make stories, and participate in them TransparentPlatform that rewards participants fairly and transparently based on their contributions. Platform GlobalGlobal platforms that can be translated, marketed, or even copyrighted for global expansion OPEN STORIES

• A space where anyone can post a secret situation into a story with the protection of personal information
• Refunds are available for unread parts! Reaction by scene, sharing, rating, recommendation
• Your deep-reading contribution to creation is also based on your reaction!
• Cut-in Talk : a comment between the actors’ lines
• Reward if adopted after providing a personal life episode to a writer
• Distribution of copyright revenues as story Growth Index grows
• Animating Viewer for readers. Crypto-Actor Changing feature!

Pro Stories

• Professional creative tools for creating/distributing video scripts, webtoons, web novels, and interactive storie
• An illustration upload function for monetization of illustrator
• Creation progress, latest contribution variation, and story growth graphs
• Team agreement between collaborative writers (translators, illustrators, acoustics, assistant writers), Smart NDA Copyright Protection, Plagiarism Detection
• Pre Built Smart Contract – Contract Template Kits for revenue distribution based on participants’ contributions rate

Contesting & Trading Stories

• Funding for production video/publishing
• Trade story IP through growth graphs measured by participant contributions
• Gateway, a rookie writer through Contesting Menu
• Distribution and settlement of cryptocurrency-based coupons

Core Dapps & Menus

• Pro Stori : a menu for professional writers
• Open Stori : a social story creation menu for everyone who share their life stories into narrative.
• Contesting Stori : a contesting menu for amateur writers and influencing marketer
• Trading Stori : a menu to buy & sell with story Intellectual Property
• Funding Stori : a menu for production fundraiser to produce secondary works such as movies, webtoons, etc.

Token Allocation & Distribution

Storichain utility token is named as TORI. All on chain transactions/funding will be done using TORI. It is an Ethereum ERC-20 token. It has high utility and value within the ecosystem and can be used for various services and can allow owners to buy digital items and voting right within the network. This token can be bought from a listed exchange and can be utilized in the Storichain dApp.

Coin Statistics are as follow

• Initial Supply: 4,000,000,000 TORI (4 billion token issued initially)
• 1 TORI = around 0.0034~0.0035USD

Sale:

• Initial Sale 15% 600,000,000
• Sale B 10% 420,000,000
• Sale C 9% 360,000,000

For More Information :
Website: https://storichain.io/
Telegram: https://t.me/storichain_en
Twitter: https://twitter.com/storichain
Medium: https://medium.com/storichain
Facebook: https://www.facebook.com/storichain
Whitepaper: https://drive.google.com/drive/folders/1s902dyb4msuSu4dcg-9tlqE8vVcxC2Kb

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