Update README.md

Author: vijay-jaisankar

README.md

@@ -1,2 +1,34 @@
 # hue
-The open-sourced, parameter-based colour palette generator
+The open-sourced, parameter-based colour palette generator  :rainbow:
+
+## What ```hue``` is:  
+- A tool that uses ```clustering``` as a method to extract the representative colours of an image, and hence form a palette
+- An app that uses the ```Unsplash API``` to scrape an image based on the parameters given
+- A hosted application that is under active development ( Check <i>Contributing</i> for more details on how to contribute to it 
+
+## What ```hue``` isn't (yet) :
+- A randomised palette generator; it needs keywords to search for, or an image provided by the user 
+- A neural-network based system that generates palettes based on interpreted user preferences
+
+## What ```hue``` uses:
+- Python
+- Scikit-Learn 
+- Unsplash API
+- Flask 
+- Bulma CSS 
+
+## Installation and Dependencies:
+- To install the required libraries, please open a ```virtual environment``` and run ```pip install -r requirements.txt```
+
+## Contributing:
+Please feel free to contribute to ```hue```! :sparkles:
+- If you feel like a feature can be added/modified, please raise an <b>issue</b> in the ```Issues``` tab
+- If you are sending a PR, do mention the feature that you're improving, or the bug you're fixing or the new idea that you're adding 
+- Any help is greatly appreciated :) 
+
+## Possible use cases for hue:
+- Image summarisation
+- Design Inspiration 
+
+## Version History:
+The current release is v1.0