Contents Protocol is a content exchange Protocol on which content providers, the platform, and users can coexist and collaborate in a sustainable manner.
Technology
The Contents Protocol project involves solving three problems:
The solution to these problems, the platform developers see in the creation of a decentralized platform that divides the сommission between content creators and platform users who contribute to the work of the platform. The platform will distribute the following content: TV, Music, comics, e-books. Content creators will receive more than 75 percent of earnings, the Commission of the platform will be 5-10 %, the rest will be distributed among users. The work of the platform is provided by smart contracts.
The Protocol uses two types of ERC-20 CPT and CP Power tokens.
CPT tokens will be used as a means of payment within the platform. With this token, payments will be made to users who contribute to the development of the network. CP Powers tokens are used as network staking and cannot be sold directly. They can be exchanged for CPT tokens in 1:1 format with a 4-week lockup. The more tokens CPT will be converted to tokens CP Power, the smaller will be the amount in circulation СРТ tokens. The more users/service providers put their CP Power tokens in the staking, the more profit they will get, the more content and use of the Contents Protocol platform will be. This scheme should stimulate the retention of tokens on the balance of users and the growth of their value. In addition to payment for services in tokens, it is possible to pay for services in Fiat, while the platform will direct 15% of funds for the repurchase of CPT tokens
Road map
Q3 2018-Transactional service VOD (Video on Demand)
Q4 2018-subscription based VOD Service
Q1 2019-Music Service Subscription
Q2 2019-webtoon Transactional services (comics)
Q3 2019-e-Book Transaction services
Q4 2019-Integrated Subscription Service (subscription Service)
Partners
The main partner and developer of the platform is Watcha-one of the largest distributors of content in South Korea and Japan. Partners of Watcha: Disney, HBO, Sony, FOX, BBC and more than 50 other content creators. The Watcha platform is the best in its category in the Korean segment according to the App Store and Google Play for 2016.
Team
Taehoon Park, CEO-CEO of WATCHA since 2011. Prior to that, he held the position of Nexon programmer.
Alex Jihyun Won, COO has been chief operating officer of WATCHA since 2011. Before that, he was a co-founder of Onepiece.
Teddy Lee, a leading mobile developer - experience as a MapleStory developer in Taiwan and Hong Kong branches.
Buzz Insoo Jung, a leading software developer?- ?experience as a leading server SOFTWARE developer for 13 years.
Teddy Zee is a former Executive Vice President of Columbia Pictures and Paramount Pictures
In total, the team consists of about 36 people (developers, community-developers, marketing specialists).
Conclusion
Contents Protocol is an interesting Korean project. Short-term investment interest will be clear closer to the sale and will depend on the level of attention to the project. Due to the fact that a small part of the tokens is allocated for the crowdsale, the risk of a dump is low.
Advantage
For more information please visit links below
Website: https://contentsprotocol.io/
WHITEPAPER:https://drive.google.com/file/d/1OJizH-oS8yxJgO-RPnUKJQiU45bW4I_5/view
Facebook: https://www.facebook.com/ContentsProtocol/
Twitter:https://twitter.com/contents_prtcl
Telegram: https://t.me/contents_protocol_en
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