ICOs have been on both sides of argument. History suggests that it was a successful method to gather funds for Ethereum as it had raised around $18 million in the start of 2014. It was sold at 0.0005 Bitcoin and today the worth of Ethereum is 0.1 Bitcoin. Such successful ICO’s have led to many people joining the pool but they have to be careful about the scams and fraud schemes also. Cryptocurrencies like Lisk had flowery promises to deliver best but results were not at all good. Here we present a legit ICO.
On.Live is all about being on live. It is being online plus being on stream. It is expected to revolutionize the video broadcasting. It will transform the video consultations scene as we know it. What this pretty blockchain project does is, it complete decentralizes and creates a peer to peer network. They are planning to work with incredible democratization quotient. Anyone with bandwidth and processing power to give is a player in this market. These contributions follow incentives with help from blockchain technology. The reason why we are interested in this project is obviously for their ICO announcement. Some use cases of this project can help you in understanding the proposed platform.
Who are the players in the system?
Broadcasters create content and take responsibility for broadcasting it on the network. Service providers possess the skills which they can sell via On.Live and private offers. Transcoders transcodes the stream into wide range of file formats to optimize it for multiple devices. They can also operate as relay node. Recipient is the end customer who watches steam in a particular format and quality. Recipient pays for the live stream and content. Relay nodes which includes transcoders also transmit stream to end customers. Being an open network, On.Live allows anyone to play desired role.
On.Live is a subscription based service, similar to likes of Netflix. Customers pay a monthly premium and gets access to buffer ready live content and library of videos. The subscription model is the key to ensuring profits in the long run. The platform has options to receive donations and tips during broadcasts. During individual line session, customers can tip something extra for the provider. Content creators get their share of profits from advertisement placed on their content. Attracting significant size of viewership enhance advertising gains. Regardless of how the platform is presented, On.Live is yet another marketplace for digital goods.
Token sale details:
The pre-ICO is already live. It closes on 21st February 2018. The hard cap for presale is a little over 12 million ONL tokens. Over a quarter of the funding target is reached with current distribution at 3.2 million ONL tokens. ONL is the utility token in On.Live ecosystem. The maximum supply for entire crowdsale is 111 million ONL tokens. ICO will feature 61 million of those tokens. The hard cap for presale and ICO in terms of capital is 14000 ETH and 100000 ETH.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://on.live/
Whitepaper: https://on.live/documents/OnLive_Whitepaper.pdf
Announcement Thread: https://bitcointalk.org/index.php?topic=2738965.0
Bounty Thread: https://bitcointalk.org/index.php?topic=2751766.0
Twitter: http://twitter.com/on_live
Facebook: https://www.facebook.com/OnLive.TV/
Telegram: https://t.me/onlive
Medium: https://medium.com/@On.Live
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