Total Boox - Pay-As-You-Read Ebooks

There is a new ebook distributor on the market, Total Boox. Only instead of charging you full price to download a book, you pay as you read.

From Book Business Magazine:
“For example, if you'll read 5% of the book (from any part of the book), you'll be charged 5% of the price. Moreover, you'll own that 5%. So it is not merely a pay-as-you-read model, but an own-as-you-read one. You gradually own a larger portion of the book, and if you read the whole book you have paid the full price and you o...