MONVID - The new generation of decentralized Streaming Platform

brainerdpaul (-2)(1)in #bitcoin • 6 years ago (edited)

The Blockchain is a rapidly growing technology that is engulfing every possible business domain. Therefore, many reports published have predicted a huge rise in the Blockchain market. According to reports, the Blockchain market is expected to extend to over 20 billion dollars by 2024. It is counted in one of the most promising new technologies that are hoped to change the future of businesses and the internet.
Basically the rise of cryptocurrency and subsequent attention brought to blockchain technology has prompted nearly every industry to evaluate the benefits of integrating the technology into their operations. One such firm at the forefront of blockchain innovation is BLACKBOX

You may be contemplating on the crypto coin that will be best for your investment. You might have even found yourself investing in one of these Cryptos but you did not gain your profit as you expected because, some developers, after hitting their target and making a huge sum of money, dropped the project, and left investors in the middle of no where. All hopes are not gone. Lets start a new page in you new or next journey to investment for profitable earnings. I will be introducing you to the MONVID platform which is developing a platform that 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.

ABOUT MONVID

The MONVID PLATFORM is a decentralized community platform which uses the blockchain technology to cut-pass restrictions, filters and censorship to create and deliver video streaming service platform that is easy to use and advert free.
The aim of Antonio Jacobs CEO of monvid is to create a platform where people can watch videos without restrictions anywhere in the world with the use of blockchain technology. The platform gives individuals the experience of viewing their most loved videos with no limitations regardless of where they are. T

Monvid’s main goal is to launch the Monvid's platform with a decentralized, and an online streaming to bypass all censorship and restrictions all over the world.
Monvid sees each of the problems and issues, one can have in numerous nations for viewing their TV-Programs, Videos, and movies in light of the fact that the region has a ton of censorship or the TV-providers refuse to support the nation for displaying the contents. This is the reason this project has begun

CORE FUNCTIONS AND SERVICES OFFERED BY MOVID PLATFORM

The MOVID PLATFORM will be created and developed to function in two different ways:

PEER-TO-PEEER VIDEO SHARING: One of the main functions of MOVID is the ability to allow content owners and video creator to share their video for everyone to see for free without any fees and this video can then be rewarded by the community members. Users who want to support a creator after watching the creator video can in turn reward such creator with MONVID. This type of streaming is done in a transparent, flexible and private way.

PROXY VIDEO STREAMING: The MONVID PLATFORM allows users to be able to bypass any form of video streaming restrictions. This is the best unlike the centralized platform that makes it hard for users. With the MONVID PLATFORM being decentralized, users will be to access any form of streaming on their personal computer anywhere in the world.

THE UNIQUENESS OF MONVID

PRIVACY: Since MONVID is being created on the blockchain technology, this will ensure that every content creator and user’s personal information is safe and secured

COST EFFICIENCY: Since the MONVID is created on a decentralized blockchain technology, it will allow content creaors to share their resources with community members for free and the users’ stream content at a cost less rate.

No Advertisements: MONVID gives the best experience to its users by cutting advertisement so as to allow good streaming of videos.

Ownership of content by the producers: The MONVID PLATFORM allow content creator to have sole ownership over their content. They also have the power to control it and cost their content.

Encrypted data transfer: Data transfers on the Monvid platform are encrypted and untraceable providing extra security to users and content creators.

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 MVD TOKEN

The MVD TOKEN is built and created on the ethereum blockchain, it is an ERC-20 based token. Users of MONVID will be able to enjoy discounted payment for content by using MVD TOKEN. Other famous and leading cryptocurrenices can also be used as a payment on the platform. The maximum number of token generated for the token sale is 200M Tokens. Whoch only 70% of these 20M 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.