VendiCoins: A smart video and advertising platform
Online videos are extremely popular. The ads that accompany them are a whole other story. Though videos offer prime ad space, it is seldom used in an optimal way. Irrelevant and obtrusive ads on major video platforms diminish the viewers' experience while usually failing to attract new customers. This is a losing situation for publishers, advertisers and viewers alike.
Vendio's VendiCoins project is meant to turn this around by introducing a new video platform with an innovative, streamlined, AI-powered advertising system. It promises to improve every aspect of advertising, from ad selection to placement, as well as provide tools for ad campaign management. With its token economy, Vendio hopes to turn this platform into the central hub of a broader advertising and e-commerce ecosystem.
How will the VendiCoins Video Interactive Platform work?
Companies that want to run ads on the platform would need to register and create campaigns, setting aside money to be transferred through smart contracts, which would be used to specify terms such as campaign length. The platform will allow publishers to upload videos and select time intervals within them that could be offered for sale as ad slots with their own tags describing the content. They would set prices per 1,000 views. Those tags will be used by Vendio's AI algorithms to match videos with ads offered by the advertisers. Algorithms will also ensure that the ads will not conceal anything important. Both advertisers and publishers will have access to real-time analytics through an account dashboard. They will all be assigned publicly visible VendiScores based on their effectiveness. The platform could support ad videos as well as pop-ups.
VENDI will be used by all stakeholders to pay applicable gas fees. Paying for services could be done using fiat (and prices will normally be set in US dollars), but VENDI payments will be made at a 25% discount. Advertisers that hold at least 5000 VENDI will automatically receive further discounts. Both publishers and advertisers could offer VENDI rewards to users for watching videos or sharing them with others. The platform may offer automatic rewards to its viewers as well in exchange for performing those and other tasks, such as helping tag videos and timeslots. Finally, VENDI could be used to purchase goods and services from companies that advertise them on the platform.
What are the advantages of VendiCoins?
In addition to algorithmic placement, Vendio ads would be distinguished by a consumer-friendly design. They will be available in different configurations, ensuring that they will not take up too much space, and will vanish automatically after a certain period of time. This should make the video platform subtly more attractive to the viewers. By interfacing with advertisers' merchant platforms, Vendio promises to form a cohesive and vibrant ecosystem, letting customers buy advertised goods with their platform rewards. The public demo version of the Video Interactive Platform can be accessed through the VendiCoins site. Future plans include the creation of a mobile app and a streaming platform.
Token sale details
The future of online videos?
The online advertising market is both lucrative and highly inefficient (as Vendio is eager to point out); it is also dominated by a few major players. Competing with giants like Youtube and Twitch will not be a simple task. However, the flaws in their respective advertising models have become widely recognised. VendiCoins stands a chance of carving out its own niche provided it can overcome the obstacles before it.
A rather unusual but minor obstacle is that the name Vendio already belongs to a different, better-known e-commerce company. Bigger hurdles are connected to the technology and the design behind the Video Interactive Platform. Would its algorithm really be as effective as promised in delivering relevant and unobtrusive ads? And will enough users flock to a new, unfamiliar video platform? The token reward scheme may provide a sufficient incentive to overcome the latter challenge. In that case, and if the technology holds up, large-scale adoption of the new platform and its all around more efficient video ad model should come in time.
Links:
Website: http://vendicoins.com/
WhitePaper: https://bit.ly/2q5Q4IW
Telegram: https://t.me/joinchat/HCl36RCLnr_4kmdOdRW-rg
Facebook: https://facebook.com/vendicoins
Twitter: https://twitter.com/vendicoins
Medium: https://medium.com/vendicoinsico
ANN: https://bitcointalk.org/index.php?topic=2912833.0
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.