OnLive – Experts at Your Doorstep!
The Growing Trend of Streaming
The live online video streaming market projected an enormous value of thirty billion dollars in the year 2015. Estimates show that it will increase at a constant rate of sixteen percent every year till 2023 with a torrential flow of consumers entering the market, sky-rocketing its worth to a humongous $123 billion. No wonder media giants like Facebook, Twitter and YouTube foresaw this trend and got onboard the live streaming boat, introducing features like Facebook live and Periscope.
The Birth and Need for OnLive
The great opportunity in the live streaming market, though distant at that time, was identified as early as 2009 by another platform and the idea was conceived in the year 2014. This live online streaming platform, OnLive, is not just another video streaming service provider. It does not merely aspire to make the most out of the opportunity, but has also incorporated an idea that would meet a myriad of people's requirements across the globe right at their homes.
How It Functions
OnLive acts as a platform that helps consumers and broadcasters easily find each other depending on their need. OnLive will host an extensive number of service providers and broadcasters from doctors and financial advisors to teachers, fitness trainers, communication experts, and lawyers. Anyone with any kind of skill and relevant background will be able to contribute their content to the platform. Next, hired transcoders and relay nodes will convert and spread the content to consumers throughout the network. Depending on their need and interest, customers will consume the content by paying its value.
The OnLive platform is powered by the ERC-20 compliant ONL tokens which will be used for all transactions and ensure smooth operation. To avoid dispute, all transactions between parties will be escrowed and payments will be processed only upon satisfactory exchanges. Moreover, to make the system transparent and avoid fraud, transcoders and relay nodes will have to stake a certain amount of ONL tokens. These tokens will be subject to reduction or confiscation upon dereliction of promised service. Thus with the help of ONL tokens, license verification from service providers, and an organic rating system, a robust community will be fostered on the OnLive network.
And The Many Features…
Depending on the type of content, the creators will be able to set the type of payment mode ranging from pay per view to pay per minute. In cases when an expert and a customer are involved in a live video session to answer queries, the expert will have the option to use the pay per minute option as the length of the session is uncertain.
Another great feature is the handy chat option which will make content providers and consumers interact directly and offer personalized content. In case a consumer wants to contact a doctor or financial advisor, they will be able to message them directly and decide the schedule for live sessions. Through the calendar feature on the platform, the customer and the service provider will be able to set a date or modify it accordingly. Similarly, popular broadcasters will have the option of announcing the dates for universal broadcasts of their content on the calendar.
Buy Them While They Are Available!
OnLive does not only capitalize on the high video streaming demand, but also helps consumers make the most of it by meeting their needs. The credibility of their idea can be accounted from the fact that only during the presale phase OnLive has managed to sell over six million tokens, with over a week left in its conclusion. The presale is offering tokens for a luscious thirty percent bonus. The major fraction from the supply during the ICO will go to the public at around 80 million tokens and the unsold ones will be burned in the end.
The Team Who Did It All
The company's founder is the experienced Chrys Rybka. He has been a part of the telecommunications and IT industry for the last 15 years and has supervised numerous companies in the market. During the same course he has also been a part of supervisory boards of over 30 national and international companies. Likewise, OnLive's Streaming Expert Simon Pollok has an experience of 17 long years in creating web services. The same trend of achievements and experience is visible in the members of the advisory board as well. To sum up, OnLive's ingenious idea is underpinned by a holistic core and advisory team of proficient experts.
OnLive has the beta version of its platform already built and is on the verge of launching its android version. Moreover, its Facebook page is lively with new updates on progress posted almost every few hours. Going by their strong team and extensive roadmap on the website, OnLive definitely does not seem like a short term project. It is here to stay strong for quite a long time!
Website - https://on.live/
Whitepaper – https://on.live/documents/OnLive_Whitepaper.pdf
Bitcointalk - https://bitcointalk.org/index.php?topic=2738965.0
Telegram - https://t.me/onlive
Published by – misteroladipo
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=1781078