Buzzshow - the first social networking video site to adopt blockchain technology

adul (32)in #blockchain • 7 years ago (edited)

Buzzshow is one of the first social networking video sites to adopt blockchain technology to provide a platform that places the interest of creators, curators and viewers first. Blockchain uses Goldies as a crypto that provides incentives for creating, sharing and viewing videos on BuzzShow.

Platform members not only earn as creators of content, but also earn when they share videos and when they view videos. This is the first fully developed social video network that lets everyone get involved in contributing and making money on the platform.

BuzzShow Also a collection of fully developed network-based social media videos that reward BuzzShow Goldies Tokens users for creating, sharing, sharing & viewing videos.

BuzzShow Technology

This platform intends for us IPFS (InterPlanetary File Sharing) in future releases to ensure its content is completely decentralized. This allows files to be stored without relying on a centralized database as most video sites rely on. As a result, it is not susceptible to DOS attacks or ransomware attacks because the video will be held in many systems. The benefits are faster, more open and more secure than centralized, centralized video encoding methods. This technology is useful for BuzzShow as it allows the platform to be completely decentralized while saving bandwidth costs.
BuzzShow is committed to ensuring that revenues generated from premium ads and subscriptions are distributed evenly between the entire "food chain" including content creators, curators, marketers and consumers according to their level of participation and popularity on the platform. Most other video sharing sites retain about 50 percent of revenue from advertising, as in the case of YouTube using 55-45 percentage revenue sharing schemes, or storing overall revenue for themselves as in the case of Facebook and Twitter. Under the creator and curator of this scheme content, it is compelled to share the remaining portion of income, despite doing most of the work. Buzzshow aims to disrupt industry by providing all parties involved in revenue generated from content creation.

HOW BUZZSHOW WORKS

The BuzzShow core is the embedded Goldies on the BuzzShow platform. The new BuzzShow crypto currency will be integrated in the BuzzShow migration to Token based blockchain.

User Buzzshow Benefits

Different platform users will benefit differently depending on their contribution to the site. Specific benefits for each of these groups are as follows:

Video creators will get Goldies to create content and add it to their channel as well as when users view the video. This provides an opportunity for video creators to generate double incomes. They can also charge a premium if they want to.
Video curators get Goldies whenever they share videos or when videos are viewed on their channel.
Viewers get Goldies when they watch videos on the platform, and they can use these Goldies to pay for premium content from their favorite creators.
Advertisers can purchase Goldies for use to pay for advertising space from either a curator or a particular creator.
Validators verify the ads that are included in the video to ensure that advertisers market only based on ad space. This validator is paid using Goldies.
Moderators get Goldies by validating whether content shared by the creators complies with the terms and conditions. They mark issues such as racism and inappropriate content to ensure users do not violate their requirements.
Developers / Platforms maintain some Goldies provided to them. In addition, they get based on the plugins and upgrades that are introduced to the platform.
Buzzshow will provide storage options by dealing with other decentralized storage companies and letting content owners pay a small fee for storing blocked videos.

BuzzShow Token

Buzzshow has created an alpha version of the platform that can be accessed by contributors through the website. The available TOKEN SALE coins will be limited to 150,000,000 Goldies.

TOKEN SALE DETAILS

. TOTAL TOKENS ISSUED: 150,000,000
. MAXIMUM TOKEN AVAILABLE FOR SALE:
93,000,000 (62%)
. PRICE PER TOKEN:
1 TOKEN = 0.25 USD
. HARD CAP:
20 M USD

Distribution Token

. TOKENS FOR 62%
. SHORT STABILITY 14%
. BONUS PROGRAM 5%
. BOUNTY PROGRAM 2%
. TEAM 8%
. SHAREHOLDER 7%
. ADVISERS 2%

Use of Fund Allocation

. RESEARCH & RESEARCH PLATFORM 25%
. MARKETING & BUSINESS DEVELOPMENT 30%
. ADMINISTRATIVE EXPENSES 7%
. CONTENT OWNER ENGAGEMENT 10%
. COMMUNICATION 8%
. BUZZSHOW IP RIGHT BUYOUT 10%
. BUZZSHOW CONTENT FUND 10%

Roadmap