Popularity of online broadcasting grows every day. Flourishing of such resources as Twitch and Intagram proves it. Tons of live broadcasts devoted to different topics go live on these resources. For instance, Instagram bloggers post videos about their life, give advice, chat with their subscribers, and hold broadcasts to answer questions asked by subscribers in online mode.
Videos can generate additional income. For instance, Twitch service is designed in a way that videos posted on a page can be paid for by anyone who wishes. It is some kind of a gratitude for author’s sharing useful information with his subscribers. In Instagram, we get likes and comments while in Twitch, we can also collect some money. However, there is only one specific feature: money can only be donated voluntarily, only if viewers want to do it.
It would be great if all video content were paid so that anyone could make videos, post them on the Internet, and receive guaranteed payment for it. That is a pretty good idea, isn’t it? It will be implemented by the project called On.Live.
Project’s goal
Primary goal of On.Live platform is to provide information services in real time mode to as many people as possible. By using this platform, its members will be able to present the most valuable information to their audience.
On.Live can be used as a resource center to help solve various problems, as an entertainment center to watch entertaining videos, and as a learning center.
For instance, you need to consult with a lawyer to clarify certain aspects regarding paperwork. You happen to be subscribed to a top-class specialist in Instagram, but he does not live in your area. You are not likely to take a long trip in order to get answers to a couple of questions. In addition to that, you will have to pay for the consultation. However, you can buy a consultation video that the specialist will post on the platform. This video will help solve a problem producing maximum result.
Here is another example: you are a beginner in nail services. Modern girls choose unusual nail design to look nice. You decided to try out a new stunning design but you don’t know how to draw it. Why not ask your favorite specialist who you try to emulate and whose account you follow? The lines and patterns that he creates on women’s nails are so immaculate. This is the person that will help you dealt with the task since you will buy a video from him on the On.Live platform. You will have to spend money for a useful content only once and will improve your skills, expand the range of clients, become a nail wizard respected and loved by many women.
Experienced specialists will be able to create their own schedule of broadcasts listing the topics they will be covering. Thus, by starting an online broadcast at the scheduled time, a highly-qualified electrician will be able to tell his subscribers how to install a switchboard and will receive remuneration for it. Both parties benefit from it – a user learns useful information and advice through videos posted by professionals, while the letter earn money by making the videos.
How it works
Platform’s members include:
- announcer – a member of the platform who makes or broadcasts personal videos;
- service provider – users who provide consultations in real time mode;
- transcoder – converts video stream into other formats or rebroadcasts;
- consumer – a member of the network who buys content on the platform;
- transfer hub – provides transfer of a video to consumers.
The network functions the following way:
Videos can be paid for using several methods: by the minute and for the entire broadcast. Long training videos, football match broadcasts, theatrical performances and movies will be paid for just once – for the entire broadcast. Payments for online consultations will be made by the minute.
Members of the platform will be able to use a chat that will allow them to negotiate cost for the services. Moreover, this chat can also be used to exchange files.
ONL tokens can be used to pay for the services. These tokens can be obtained by investing funds during ICO and after the launch of the platform in a special section called “Wallet”. In this case, coins can be bought for any fiat currency.
Each creator of content will have to fill in personal profile, in which personal information has to be entered. This solution will help increase the level of trust to each service provider and demand for his videos. It is especially essential for representatives of professions. Content developers will also be able to create personal channels. On these channels, consumers will be able to learn information about the type of services provided by the specialist and read comments and reviews.
To settle disputes, the platform uses Escrow ecosystem. Three specialists check a complaint made by a consumer or a content developer and settle the dispute.
A system of reputation is active within the network. This system allows to secure users from dishonest specialists who offer low-quality services.
A unique bonus system is available on the platform. A user who recommends services of a specialist can have passive income in the form of ONL coins earned from income of the person being recommended.
ICO dates and details
Initial placement of tokens will be done from March 11 through April 11 of the current year. Within the framework of ICO, 61 million tokens will be sold. Cost of 1 coin is 0.0016 ETH. ICO hard cap is 100000 ETH.
The price of tokens will be increasing with the increase of the number of content developers and consumers.
Conclusions
This project is rather perspective. Its commercial success is stipulated by rapid increase of the number of people making training and consultation videos and people trying to learn online.
In addition to that, the company will soon be active in the USA, Germany, and Great Britain. Platform’s launch is scheduled for May 2018.
The site and all the documentation can be found at the links below:
Site | Whitepaper | Telegram | ANN Thread
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