Buzzshow Ico Review

bubu4845 (0)(1)in #blockchain • 6 years ago (edited)

https://www.buzzshow.com/

What is Buzzshow?

Buzzshow is one of the first video social network sites that adopt blockchain technology to provide a platform that puts the interests of content creators, curators and viewers first. The blockchain uses Goldies as the cryptocurrency that incentivizes creation, sharing and viewing of videos on BuzzShow. Members of the platform not only earn as a content creator, but they also earn when they share videos and when they view videos. This is the first fully developed social video network that allows everyone involved to contribute and earn money on the platform.

The platform intend to use IPFS (InterPlanetary File Sharing) in its future releases to ensure that the content is truly decentralized. This allows files to be stored without relying on a centralized database as most video websites rely on. As a result, it is not susceptible to any DOS attacks or ransomware attacks because the videos will be held in multiple systems. The benefit is that it is faster, more open and safer than the centralized database reliant methods of video streaming. This technology is useful for BuzzShow because it allows the platform to be truly decentralized while saving bandwidth costs considerably.

BuzzShow is committed to ensuring that the revenue generated from advertisements and premium subscriptions are equitably distributed between the entire “food chain” including content creators, curators, marketers, and the consumers according to the level of their participation and popularity on the platform. Most other video sharing sites retain around 50 percent of the revenue from advertisements, as in the case of YouTube which uses 55-45 revenue sharing percentage scheme, or keep the entire revenue to themselves as in case of Facebook and Twitter. Under these scheme content creators and curators, are forced to share the remaining smaller part of the revenue, despite doing most of the work. Buzzshow aims to disrupt the industry by giving all parties involved a stake in the revenue generated from content creation.

Buzzshow Vision

At present time, small group of digital media corporation are controlling all video content created and published online, mainly Google (via YouTube) and Facebook and most creators who create content either professionally or UGC, are the majority of the time not rewarded for their work. BuzzShow is a new type of Social Video platform, decentralized and powered by the creators and curators. Video creators are rewarded with Goldies (the currency used in BuzzShow) according to the popularity of their video. A Social Video platform that is decentralized and operated by the people creating and using it,has the potential of becoming the number one video site globally.

Features of Buzzshow

Users on the platform will earn money when they upload their first video on the platform. This is a very simple way of earning Goldies even before the demand on the site grows. They can also earn with every confirmed referral on the site. Once the user registers based on their referral, they also get some Goldies.

Another feature is the ability to create channels and upload a video for free. No paid option offers content creators greater capital opportunities. Everyone starts at the same price, and it is completely free for everyone. This discourages firms from paying for preferential treatment on the platform.

They will support their favorite content creators by sending Goldies. These Goldies will not be charged an outrageous transaction fee like Patreon and other donation platforms, but rather a micro-transaction fee that is near zero. This will ensure that creative content creators get the support they need.

Additionally, content creators can sell access to their content allowing them to earn Goldies if their content is of high quality. Users can access this premium content by paying Goldies they earn on the platform. Advertisers will be able to pay content creators and curators directly to ensure that the adverts are placed in videos for the right target audience. This is a more effective strategy than the random advertisement placement without any input from the advertiser.

Why Buzzshow Different

a. Developed & Tested Product

Most Token Sale start while the platform is only in a conceptual stage, with only a white paper to back up the funds raised in the Token Sale. The BuzzShow Token Sale is different. We offer a developed and tested platform and will use the funding to make it operational on blockchain technology as well as to rapidly develop a strong user base.

b. Third Generation Blockchain Technology

The next release of the BuzzShow platform will be based on third generation Blockchain technology, providing the benefits of absent transaction fees, sufficient capacity, stability, and security that is crucial for a social media network.

c. Your Content, Your Privacy, Your Rights

Rather than protecting consumers, social media platforms such as YouTube, Facebook and Twitter, have been trading privacy for profitability and freedom of speech for censorship.The BuzzShow social media network will provide its users with full control and ownership of their content, including its distribution, monetization and selection criteria, while only disabling content that’s demonstrably illegal.

d. Reward Based Social Media Video Network

Platforms such as YouTube & Facebook give little to no rewards to creators and curators and surely do not reward viewers despite exponential growth of the online video market. BuzzShow creates a new reward based incentive eco-system based on the popularity of online video content, rewarding users with Goldies for creating, curating, sharing & viewing videos.

How Buzzshow Works

At the heart of the BuzzShow is the Goldies that are already embedded in BuzzShow platform. The new BuzzShow crypto currency will be integrated during migration of the BuzzShow into blockchain based Tokens.