MONVID: The new Decentralized and Proxied Streaming Platform for the next Generation!
Cryptocurrencies is one of the most important inventions since the inception of the web. They are ushering in a new era of decentralization, privacy, and control of one’s own data that has the potential to revolutionize many parts of society. There are currently over one thousand cryptocurrencies in use, with hundreds more being released each year. Their combined market cap has grown from $10 billion in 2016, to over $400 billion at the time of writing, having previously been much higher. Only 1% of the world’s population own cryptocurrency. Companies involved with blockchain, the technology behind cryptocurrencies and altcoins are expected to experience significant growth over the coming years. Blockchain technology can solve dozens of previously intractable problems, like digital identities, supply chain integrity, data breaches and many, many more. The use of blockchain technology within society has been exponentially increasing since it was introduced to the world by Satoshi Nakamoto. The first use of blockchain technology was bitcoin. According to Gartner Insights, blockchain, the driving force behind the crypto market is estimated to grow in business value to $3.1 trillion by 2030. Blockchain is the fastest growing market in the world and the MVID token offers investors an opportunity to benefit from the growth in value. The age of blockchain technology is just beginning.
Before I proceed on this work, lets have a look a this video in order to have a clue on what Monvid is about....
MONVID
The monvid platform is a decentralized community network which uses the blockchain technology to cut-pass restrictions, filters, and censorship to deliver a video streaming service platform that is easy to use and advert free.
Monvid is a decentralized P2P and proxied streaming platform which is going to take over the current traditional streaming world.
MISSION
To launch the monvid’s platform with a decentralized and proxied video and TV streaming to bypass all restrictions and censorship around the world.
PROBLEM
Demographics of the world is changing
This is high risk – low reward in some countries simply because film producers and film sales agents sell films to local distributors for distribution in their country or territory and most film has little or no incentive in underdeveloped countries.
There is also high risk of piracy than in developed countries and there is uncertainty about the legal position in case of a
breach of contract, nonpayment of revenue shares.
Need for better hardware and faster internet is growing
There has been a general upward trend in the picture quality of the movies which are streamed on these platforms. From an SD quality to HD and now UHD, the hardware and internet connection speed necessary to access the films now and in the future makes it increasingly inaccessible for non-developed country users. For most smartphone users, even SD quality is more than enough to ensure an excellent visual experience. Therefore, a lower data size and internet speed would provide an equally enjoyable experience.
Users do not want to pay the same to watch a popular movie as a not-so-popular one
The pricing strategy of the leading video on demand suppliers does not distinguish between acclaimed/high budget and poorly reviewed/low budget movies or it does not consider popularity. The pricing is usually based almost entirely on how recent a movie is.
If we exclude all kind of promotions, they mostly have the same price tier structure. The issue with this pricing structure is that it often makes legal Video on Demand less appealing even in Western countries and since there is no option to choose a lower than SD quality, the cost to transfer the content is equally too high.
Many possible users do not have banking access or credit cards
An estimated 2 billion working-age adults globally do not use formal banking services nor have access to a credit card.
Traditional video on demand players will only accept payments via credit card, PayPal or gift cards. Many consumers on a cash-only life have no other options than to buy or download pirated movies. Being able to offer payment by cryptocurrency means that this group of consumers will be able to top up their digital wallets and access content legally
safely.
MONVID PLATFORM
Peer-to-peer video sharing
This functionality will allow video owners and creators to share their videos for everyone to see for free without any cost and this video can be appreciated by the community. This type of streaming is transparent, flexible and private.
Proxy video streaming
The Monvid Platform allows users to be able to bypass any restrictions that will inhibit from streaming video on a normal centered platform. Due to its decentralized nature, users can create a bridge between the platform and themselves by using their computer from wherever they are.
WHY MONVID IS DIFFERENT?
Monvid is different from other platform because they provide some services like:
Privacy
Monvid ensures that there are no any central servers or companies that control anything on the platform, which means information is stored only on the blockchain and are usually encrypted. Monvid is based on a blockchain technology which ensure that every content creator and user’s personal information is safe and secured.
Cost Efficiency
Monvid allows content owner to share their resources with the community members free and the users stream these content lesser than what is been charged by other platform. In Monvid content owner control the costs of their videos
themselves and the community members’ reward and rate them based on the quality
No Advertisements
Monvid provides its users to stream videos online on the platform without any advertisements pooping in and showing.
Ownership of content by the producers
In other platform, content owner does not have any power to view online video streaming after it has been uploaded in the platform but in the Monvid, the content creator has sole ownership of their content. They have the power to control it and cost it the way they want.
Encrypted data transfer
Data transfer on the Monvid platform are encrypted and untraceable providing extra security to users and content owner, this makes it unique and different from other platform.
TOKEN DETAILS AND ICO
Monvid is seeking funding between a soft cap of $500.000 and a hard cap of $5.000.000. The tokens will be compliant with the stable ERC-20 standard and can be held in most common digital wallets. ERC stands for Ethereum Request for Comments.
There are newer versions of ERC like ERC-223 and ERC-721 but monvid decided to not use them because of some of disadvantages and risks with those newer versions.
ERC-223 is a proposal right now, not a standard. Therefore, there are none of the high-profile ICO tokens deployed with this standard. Also it is not yet implemented in any production tokens.
Exchanges might need to do some modifications in order to support such token. There is options that some of the exchanges might not be prepared for it yet.
THE MVID TOKEN
With the creation of the MVID Token they are taking a step towards fulfilling the mission but also to leading the International Film Business further into using and accepting virtual currencies.
Users of monvid will be able to take advantage of a discounted payment for content by using MVID Tokens. Other alternative leading virtual currencies can also be used as payment on the Platform.
TOKEN SUPPLY
There are a maximum number of Tokens every can be generated during the Token-Sale which is 200M Tokens. Only 70% of these 200M Tokens will be for the Sale and the rest are for the team, reserved tokens and also the bounty programs for the marketing of monvid’s Token-Sale. All unsold tokens will be burned and no new tokens will be ever generated after the token-sale.
TOKEN SALE
TOKEN DISTRIBUTION
FUND DISTRIBUTION
ROADMAP
Q1 – 2017
The idea & first marketing research monvid Early 2017, Antonio and Adrian, two idea maker of this project started to build a team for developing this decentralized video streaming platform.
Q3 – 2017
Gathering more information about CrowdFunding After building up the team, we were ready to learn more about the big technology the Blockchain and also getting help from CrowdFunding to get more investors for our project.
Q1 – 2018
Token Sale Preparation ICO After researching the market and learn more about the Initial Coin Offering on Ethereum Network, we are preparing for a Token-Sale to get it used for the monvid platform.
Q2 – 2018
Token Pre-Sale & Start of the Token-Sale In the second quarter of the year, we will start the token pre-sale and be preparing for the main sale.
Q3 – 2018
Token Sale finishing and getting listed on Exchanges We are already in discussing with a lot of top exchanges around to get our Token to be traded on the public. These are Bittrex, Binance, Tidex, HitBTC, KuCoin, but not final decisions. However we try to get the best for our investors.
Q3 – 2018
Alpha releasing of the monvid Platform Right after finishing the ICO, our team will release the first alpha version of the monvid platform and starting attracting more customers to this platform.
Q1 – 2019
Releasing the final version of the monvid Platform We are going to release the final version of the monvid platform for the public use in the market.
MEET THE GREAT MINDS BEHIND THIS PROJECT
For more information, please visit:
Website: https://www.monvid.io/
Whitepaper: https://monvid.io/docs/white-paper.pdf
Facebook: https://www.facebook.com/monvid.net
Twitter: https://twitter.com/monvid_io
Bitcointalk Announcement: https://bitcointalk.org/index.php?topic=4390570
Telegram: https://t.me/monvid_io
Reddit: https://www.reddit.com/r/monvid/
Medium: http://medium.com/@monvid.net/
Instagram: https://www.instagram.com/monvid.io
Author: Seunola
MyBitcoinTalk profile: https://bitcointalk.org/index.php?action=profile;u=1925064
ETH Address: 0x3eb48CF7E0A5570540641DD8263cA40e307562e9