Entertainment industry is largely defining our free time, since they offer a lot of different services that we can enjoy and provide stress free time for ourselves. In the process, it is evolving, since earlier there were studios and content providers that were centralized, and provision of services was through channels such as television or radio, where one content was available per given moment, and you had a choice to watch or listen, or not, but it was not possible to choose content. Mass adoption of television and radio led to increased number of channels, so you could browse between available channels to watch preferred content, from all contents available. Lately, online services providers, such as Youtube, Vimeo, Netflix, introduced unlimited content to all, and one can choose what to watch or listen, at any given time. On the other hand, in form of earnings, those are largely taken by service providers, that are growing extremely and content providers that share new content on the platform are rewarded with smaller amounts, while watchers are not rewarded for their time. Earlier, it was implied that their entertainment through content is enough, but new trend is to reward them from platform, for spending time on the platform, since more watchers mean better coverage and more money from advertisement. Introduction of blockchain was needed to have general transparency and easy two-way payment method, through which content watchers could be rewarded for spending time on the platform, and this way of rewarding is generally progressing now.
Company that is offering Validation, Verification and Vindication of online media along with a rigid, immutable and secure ledger to build trust in the blockchain system is called RefineMedium https://www.refinemedium.com/ and offer their project through token on Ethereum blockchain, XRM.
RefineMedium https://www.refinemedium.com/ wants to provide possibility to earn while using an online video platform, for following actions, like and review video, advertise product and earn, read news and earn money, earn while listen to songs and learn and earn feature. Through the process, RefineMedium tries to answer is the content trustworthy, does it go to relevant audience, are shared data properly secured, is there an interesting rewarded for content creators at the end and is the content that is shared and company behind it socially responsible.
Platform aims to provide services to obtain authentic and high-quality video content, through hassle-free advertisement after one year of service, secure, scalable and uninterrupted streaming experience through implemented technical protocols, user wallet designed for XRM tokens, with all transaction easy viewable, incentivized ecosystem, where all participants – creators, viewers, moderators and innovators are rewarded for their effort on the network, peer to peer content delivery network and robust crypto currency to support all mentioned features.
Total supply of tokens is 300 million, with 50% foreseen for ICO, that is going to start soon, with Private sale and Presale already ended. Until the end of the year it is planned to be listed on active exchanges, do an airdrop and diversify raised funds for future use. Dapp launch is planned for next year, in the phases.
ANN thread: https://bitcointalk.org/index.php?topic=5128882.new#new
Project website: https://www.refinemedium.com/
Project whitepaper: http://refinemedium.com/whitepaper
Author: https://bitcointalk.org/index.php?action=profile;u=1573369
ETH: 0xFa1b8166B0f109795dE9844E8B55014608996A06
