Transcodium ICO - Transcoding and Distribution Platform on the Blockchain
Transcodium is a peer to peer platform which is decentralized that specializes in media editing, transcoding, and distribution. The main aim of the company’s founders is to provide these services at a cheaper cost to customers. The company aims at using very reliable and high-quality computational power to ensure that its clients get value for their money.
https://transcodium.com/?lang=en
What Is Transcoding?
Transcoding means converting files in one digital format to another format that will be more suitable for the end user. Video service providers like YouTube, Net Flix, Facebook and other platforms need to make their videos viewable on all devices. Because of this, video files have to be converted into formats that the devices they are intended to be viewed from can recognize and play.
Important Terms on the Transcodium Platform
Workers: Idle devises (Computers, laptops, smartphones) on the network that are waiting to be assigned jobs by the master nodes.Master Nodes: The devices with great internet connectivity and high processing speeds that receive work from the initiator and distribute it to workers in tiny bits for faster processing.Initiator A client or any user who has a, file and needs it to be converted or transcoded.
Benefits of Using the Transcodium Platform
Transcodium is committed to providing outstanding customer satisfaction by offering excellent privacy, price and processing power The processing power is enhanced by the sheer number of workers in its network. As a customer, you will not have to wait for a long period to receive your converted file. The reason being Transcodium uses a unique algorithm which sends your file to different workers in small bits. Due to the small sized chunks sent out, the workers can convert the file very fast.Transcodium uses end to end encryption while sending your files over the network. The encryption ensures the safety of your files while in transit.Since transcoding uses blockchain technology and a decentralized system, it can offer fast, reliable and cheap transcoding services to its customers.One file is assigned to multiple master nodes and workers such that the failure of either the master node or the work will not mean the loss of data The other devices will complete work on the files.
Transcodium ICO
The workers and the master nodes will be paid with Transcodium tokens which run on the Ethereum platform. The Transcodium token is abbreviated as TNS, and they are 20million in number.
Token allocation
Presale of tokens took place from January 7th, 2018 to February 28th, 2018P eople that bought tokens during this period enjoyed a 30% discount. The cap for the token sale was 5,710.000 for this period.The main token sale started in March. Discount and bonuses will also apply to buyers in the main token sale depending on when they buy the token.Team members will be allocated 26% of the tokens, but they will only receive them at three months intervals after the end of the token sale.One token will cost $0.376, and the minimum tokens an investor can buy are 100 TNS totaling to $37.6.
Founders
Jeetendra Kumar
Position: CEO/ CO-FOUNDERHe is an experienced investor who funds Cryptocurrency startups. He has a wealth of experience with cryptocurrency startups helping them grow from the idea stage to launching stage.
Razak Zakari
Position: CTO/CO-FOUNDERHe is a master in programming languages including JavaScript, PHP, Python, Kotlin, Java and NoSC1L. He has worked on both large and small projects including medianap.com, geetmp3.com, and playslack.com.
Abhishek Tiwari
Position: BLOCKCHAIN EXPERT /CO-FOUNDERHas nine years’ experience as a blockchain expert, frontend designer and backend developer.
Conclusion
The project seems to have attracted a lot of interest as evidenced by the number of tokens bought at the presale and main sale. Additionally, the team members behind the project are experts in their respective fields giving investors the confidence that their money is safe. The use of blockchain and a decentralized system is also a huge bonus and the company is poised to grow tremendously.
Their well-written white paper and FAQ available at https://transcodium.com/?lang=en
For more information:
Telegram: https://t.me/transcodium
Twitter: https://twitter.com/transcodium
Facebook: https://www.facebook.com/transcodium/
ANN Thread: https://bitcointalk.org/index.php?topic=2571769.0