Bittorrent and Cryptocurrency Work Together in the New Video Sharing Platform Called Flixxo

Long before the development of Ethereum and Bitcoin, social media had developed a value, by using one of the most powerful tools - how was this possible and what does it reflect on? Let’s have a closer look at this evolution. Social media platforms have been created and still operate by making the most of the social engagement. This is a huge value that is often seen as a must-have, during the time members contribute to these networks - in fact, it is a recognition of somebody’s work or image. This value has been called simply likes. Afterall, all of the current social networks are likes economies. However, there is a dilemma - you cannot run out of likes, right? This means likes have actually no value - even today, you see millions of users hitting the like button to show appreciation to  all sorts of content (including low quality content or even fake news, as seen recently during the US elections). 

To solve this issue, a new company has came with a solution - they developed a way to transform likes into tokens, in order to provide these actions a scarcity value. And for doing this, they have built the Flixxo platform. So, on this basis, Flixxo presents a token that is freely and fully transferable. Moreover, it is tradable and has limited issuance. Their quest is simply this Turning Likes, into likecoins. 

Such a new token (the like-coin) could actually change the way social interactions are operated. 

Because in this new understanding and platform, people would allocate more time to consider these actions - pressing the like button, tapping the phone screen etc. Likes would become more valuable, more quality oriented - so no one would want to lose their limited like coins. However, the other side of the coin shows that user have the opportunity to regain the like coins (or earn more likecoins than they had). How can this be done? By being actively part in the network - for example, by promoting the content. This way, it is like you are becoming a business partner,  by helping that content that you really apreciate get to new audiences and being further promoted. Monetization is also a very important of this equation. 

We do not have to read complex recent reports and statistics to see that the majority of social networks are using more and more video content - promoting it as their most valuable tool to reach audiences; and also to reach the biggest revenues on advertising. Let’s have a quick look at some numbers:

* Facebook - plans to spend 300 million dollars on original content.

* Warner is working on original content for Snapchat worth 100 million dollars.

* By 2020, more than 80% of Internet traffic is going to be video

However, having a centralised video platform requires huge amounts of money (due to the high technical needs.)

In order to compete with existing video platforms, Flixxo developed a network that combines BitTorrent and Blockchain technology. In doing so, Flixxo manages to reward the social interactions between the network, using its own token - Flixx. Flixx is an ERC 20 standard token, with a fixed supply at the beginning of the allocation event. 

Visit now the official website at https://www.flixxo.com - discover here more about the Flixxo team, the blockchain and the decentralized payments,  types of content, the design of the platform and the allocation of funds. Download the latest White Paper at  https://www.flixxo.com/assets/docs/flixxo-white-paper_v0.4.pdf