Everyone must have heard about IPO’s and how they work, ICO’s are similar to IPO’s but anyone can launch an ICO without having a functional product. One more difference being, instead of a share in the company given to investor, ICO offers coins of cryptocurrency being developed. It is a fundraising activity in which startups of cryptocurrencies initially want money or funds to develop their idea or technology. Typically, in all other startups, founders look for Banks or Venture Capitalists for funding and thus, giving a part of ownership of the company. Here, you retain the ownership of the company by giving crypto coins in exchange of Bitcoins or Ethereum. Transcodium official website can be accessed at: https://transcodium.com/?lang=en
Transcodium Project:
Transcoding is a serious business. Its global market size is expected to double itself in 5 years. Presently, it’s a $3.35 billion market in 2018. The processes happen behind the scenes for most part. Before your video is presented on Netflix of YouTube, the file is converted into so many formats. These file formats caters to a range of media players, supporting software and devices. You will not prefer playing the same file format in desktops, TVs and mobile devices. The transcoding happens on a cloud. As a working model, cloud transcoding has no issues in workflow, concepts or software.
Real problem and solution:
When you consider cloud processing in a large scale for transcoding, you are walking into problems. Waiting times can become longer and longer. Processing costs can grow by ten or more times. Even worse, you can experience some serious data loss. The blockchain project, Transcodium focuses on eliminating these problems. The mere idea of decentralization multiplies the processing power. You can enjoy supersonic transcoding at much cheaper rates. To make transcoding simple, the project provides you with an API, Visual Studio and export option. The export option allows you to export output to various storage devices and social media platforms.
Why invest in Transcodium?
- Transcodium is a registered and verified company. They pass through series of verification to get SSL certified. They have verified physical and operational existence.
- Transcodium is based on an existing product. The project just innovates using decentralized and blockchain technology. It adds the decentralized essence to tech.
- Transcoding market is an existing and fast growing one. It is a billion dollar which will consistently outgrow itself considering increasing standards in apps and internet.
ICO Details:
The ICO here happens in stages. Right now you have the ICO stage two, up and running. 12.4 million TNS is the hard cap of stage 2. More than 55% of the hard cap is reached at the time of writing. The stage 2 features 20% bonus. More than 42,000 investors have been actively involved in the crowdsale. The TNS tokens are priced at 0.376 USD per token. TNS is the official coin for Transcodium platform. Accepted payment methods are Bitcoin, Ethereum and LiteCoin. 120 million TNS constitutes the total token supply. ICO closes after hard cap is reached.
Important Links:
Please find the important links related to the project below and stay updated:
Website: https://transcodium.com/?lang=en
Whitepaper: https://transcodium.com/files/whitepaper.pdf
Announcement Thread: https://bitcointalk.org/index.php?topic=2571769.0
Twitter: https://twitter.com/transcodium
Facebook: https://www.facebook.com/transcodium/
Telegram: https://t.me/transcodium
Kind Regards!