Introduction
Everyone has seen viral videos on the internet. Clips of various events and celebrities are routinely shared on the social media platform. We are aware of the importance of the video-sharing industry. The industry gave voice to millions, and many went on to become famous. Talented people have a new window of opportunity in the form of a video sharing platform. Youtube is where everyone finds their favorite music, latest news, and cute cat videos. They are ubiquitous and growing rapidly in many countries. Content is the king on the platform, and yet we see many forms of clickbait on these platforms.
Of course, the industry is fighting with many challenges, such as lack of incentives for contributors. Although a few of the schemes exist they are only made available to the big participants. Many participants on the platform are not motivated to contribute given the state of the video sharing platforms. Content creators need a larger share of profit and tools for growing their user base. What do you think can be done to overcome this challenge? Can we design an alternative to the traditional video sharing platforms?
Solution offered
VIEWO is the ecosystem of a transparent network of original creators and contributors. This video sharing network rewards contributors for the contribution to the network, however, small may be the contribution. Moderators, creators, and curators are the main stakeholders on the platform who will give a well-defined shape to the vast video content on the network. And they will be also rewarded for the contribution in the cryptocurrency tokens. Based on the ethereum blockchain technology, they will pay different stakeholders of the platforms. Micropayments to the various parties can also be done offline which is faster and secure. A digital wallet is also provided to the users of the platform where they can store and transfer their balance.
VEO tokens are the heart of the all the payments and transactions on the platform. Cloud computing technology is also utilized on the platform for the content delivery network. Bringing the P2P content delivery network to reduce bandwidth and fast streaming services will enable the platform to offer low-cost services to the users. Equally challenging is the allocation of the different bandwidth during the live events and normal file transfer. Managing the different aspects of the P2P operation, they have partnered with the Peer5, which is one of the world's largest content delivery networks.
ICO INFORMATION AND TEAM
2,000,000,000 VEO Tokens are created for the project. Token presale is expected to start to form the 10th November 2018 and continue until 10th December 2018. The token sale will begin on the 11th December 2018 and continue until 11th January 2018. Funds will be utilized for the platform development, business development, and marketing. The team working on the project is experienced in the social media and software development.
Conclusion
Youtube is the biggest video sharing network in the world. The real question is how long can it survive on its centralized sharing model which only benefits a handful of people. There are various offers and features on the platform, such as users who wish to publish private content which can only be viewed after payment can do so on the platform. Open online courses and a particular company can also manage their account easily on the platform. Many small contributors to the platform are left behind and the decentralized model proposed by the new platform aims to change these phenomena.
It has become known to everyone that the video sharing market is one of the fastest growing markets in the world and also utilizes the heaviest bandwidth on the internet. The alternative solution is offered by the platform for the future of the video-sharing sustainability. I think that as people get used to the idea of P2P model of sharing and the blockchain technology, they will be more comfortable in using the platform.
Website - https://viewo.com/
Whitepaper - https://viewo.com/documentation/whitepaper_v1.pdf
Telegram - https://t.me/viewoToken
ANN - https://bitcointalk.org/index.php?topic=3645928.0
Published by- Etheran
Profile - https://bitcointalk.org/index.php?action=profile;u=1108165
