ONLIVE: A DECENTRALIZED VIDEO STREAMING MARKEPLACE
Live streaming of video which refers to broadcasts in real time to an audience over the internet has been around for year. This has become a key part of the strategic business model the brands as well as markets who constantly seek new inn¬ovative way to attract consumers. With the constant rising number of online users, advancement in technology, high quality contents being developed and various streaming channels experiencing increase in subscriptions, a strong market growth is expected.
Video streaming market for live service globally was valued at $30.9 billion in 2015 and is expected to grow at a CAGR of over 16% from 2017 to 2024 to reach $123.2 billion in 2024. In 2016 the global digital transformation consulting market was worth around $23 billion, currently it standing twice size of the UK’s overall consulting industry, and five times the size of the consulting market in China. The research and analyst report shows that UK’s entire consulting market which amounts to £7.31 billion benefits significantly from the digital transformation market which accounts for £2.26 billion of the total amount.
A team comprising of experts who are obviously not satisfied with the current system have come up with this amazing project called “ONLive” that is clearly going to disrupt the video streaming industry wholistically. This platform is going help solve some lingering problems like;
• The problem of the offline world where one needs a direct face-to-face contact with professionals in order to get essential advice.
• Scalability that is clearly lacking.
• The somewhat close market nature for uncensored live media broadcasts around the world.
• Broadcasters and even ordinary individuals not being able to earn profits for presenting valuable contents.
The unique Olive platform gives users the opportunity to become broadcasters by allowing them provide almost any service to anyone from anywhere and get paid money for presenting valuable content in various business models like Pay-Per-View, Pay-Per-Minute, and In-Stream Payments.
Emerging as the market leader in the live advertising platform market is the main goal of this project. Onlive intend to give customers the opportunity to find a team of specialists and valuable content on hand to provide access to their knowledge easily. This platform enables the sale of services through live broadcasts and place for stream content live and sell it to a wide audience at affordable prices by creating large blockchain ecosystem.
ONLIVE TECHNOLOGY & THEIR MARKETPLACES
With the help of the Blockchain Technology and Smart Contracts three completely decentralized marketplaces is made available for users. This system which eliminates unneeded intermediaries and censorship gives users the ability to offer and buy their services, live broadcasts or compute power directly from each other. The Smart Contract is basically used to sign the agreement that exists between Broadcasters, Transcoders, Relay Nodes, and Recipients while the blockchain controls transactions and settlements (tokens) and with a special platform for real-time communication, trading and dealings. The three marketplaces made available by this system are;
1. Live Services (1:1, 1:8): This market place gives service providers the ability to sell their services to any individual to needs them. Applicable to numerous industries like Lawyer, Doctors, Education, Job Seekers, etc.
2. Live Broadcast (1:Many): This market place gives service providers the ability to deliver HD live broadcasts to unlimited number of viewers, billing on pay-per-minute and pay-per-view models and also be able to schedule future live broadcast. Applicable to workshops, practice tutorials, sports, conferences, music, eLearning, charity, etc.
3. Trancoding and Relay Node Market: All network users have the possibility of making money by using their computing power for relay and transcoding, all thanks to the decentralized marketplace of Transoding and Relay Nodes services.
ONLIVE PAYMENT METHOD
In case of public broadcasts for a wider range of viewers two basic methods are used to collect fees; Pay Per View (PPV) and Pay Per Minute (PPM).
On this platform the creator or service provider creates a personal channel through which they can carry out any of the first two services above and are required to sign a smart contract for the last service.
ONLIVE GROWTH STRATEGY
The commercial success of Onlive is driven primarily by the steady growth of new Buyers and Sellers. Some other key factors are;
• Cost of Customer Acquisition (CAC)
• Recurring Cost of Service (RCS)
• Customer Lifetime Value (CLTV complete)
THE ONLIVE SYSTEM'S ROLES
• The Broadcaster: The content to the network is broadcasted and produced by the Broadcaster.
• Service Provide: This refers to any with any skill that can sell through our system and create private offers.
• Transcoder: Transcodes the stream into other formats and can also be a Relay Node.
• Reciepient: Buys live services and available content after watching streams in any selected quality and format.
• Relay Node: It transmits the stream to the recipients with or without the transcoding it.
• Open Network: By just meeting the technical and economic requirements, everyone can join Onlive Networks and the play the role they want.
Additional Features of The ONLive Platform
• Just like other models(Netflix and HBO) our platform will give users the opportunity to pay a regular (typically monthly subscription) fee and get an all-you-can-eat access to live broadcasts and library of video content from content creator channel.
• Offer and booking systems, loyalty programs and the options to receive tips or donations are also some additional options made available to provide extra income for users while broadcasting.
• Just like YOUTUBE and countless video services are using ad-supported viewing to pay their bills, creators are also giving the opportunity to make profit from advertisement all thanks to the built-in system.
• Other decentralized or centralized platforms built for specific, aggregated and categorized content distribution like fit.fit whose platform and marketplace services nutritionist, fitness trainers and doctors can actually offer broadcast using the ONLive platform.
Some other additional functionality made available for ONLive users are;
• The Messaging Platform
• Payment Option
• Wallet
• Verificaiton
• My calendar
• Channels
• Escrow System and Dispute Resolution
• Reputation System
• System of Bonuses and Awards
THE WORKING MECHANISM OF ONLIVE
THE ONLIVE SECURITY MEASURES
Two stages of security measures are taken;
• The Transactions Security: The Blockchain and Smart Contracts secure all transactions between parties.
• Content Security: The Broadcasters content being Broadcasted is encrypted in a way that only the chosen Transcoders and Recipeints who have paid for the transmission are able to decrypt and watch it.
ABOUT ONLIVE TOKEN (ONL)
• The ONL Token which is predefined, limited in supply, easily integrable with both decentralized and traditional exchanges is an ERC20 standard token deployed on the Ethereum network.
• With no intentions of mining or minting anymore tokens in the future, the ONL Token’s total supply is equal to 100 mln units and is divisible up to 18 decimal places.
• The ONLive network version 1.0 (the final version), the ONL Token is a cryptocurrency that allows instant and cost free transactions within the ONLive Network which is a complete economic market.
• The utility of the ONL Tokens depends on the rate of users join the ONLive Network. The ONLive token can be used as value transfer mechanism between users inside the ONLive Network and other sites (eg fit.fit) that uses the ONLive technology as well.
ONLIVE TOKEN DETAILS & CROWDSALE
Token Symbol: ONL
Token Standard: ERC-20
Token Type: Utility token
Maximum supply: 111,000,000 ONL
Tokens available in Pre-ICO: 12,210,000 ONL
Tokens available in ICO: 61,050,000 ONL
Pre-ICO Date: Starts 22-Jan-2018 11:00 UTC & Ends 22-Feb-2018 (Bonus 30%)
ICO Date: Starts 11-Mar-2018 & Ends 11-Apr-2018 (Still Live)
Pre-ICO Hard Cap: 14,000 ETH
ICO Hard Cap: 100,000 ETH
Unsold Tokens: All unsold tokens will all be burnt
⌚️Sale Status: LIVE (Ending In Days So Hurry 🏃)
HOW ONL TOKENS FLOW
ONL PAYMENTS ARCHITECTURAL DISPLAY
ONLIVE TOKEN ALLOCATION
USE OF PROCEEDS
THE ONLIVE ROADMAP
MEET THE TEAM
AVISORY
THE ONLIVE PARTNERS
CONCLUSION
This is one of the most promising project/ICO ever, the cryptocurrency community and world at large would greatly benefit from the ONLive Initiative. I urge everyone to be part of history, invest in this unique project and I promise you would be glad you did.
Well I hope you enjoyed reading about this amazing project, well if you find it promising and want to get more information about it, connect with other participants across the globe and also participate by investing, please feel free to click on any of the following links;
🌐 Website: https://on.live/
📢 ANN Thread: https://bitcointalk.org/index.php?topic=2738965.0
📃 Whitepaper: https://on.live/documents/OnLive_Whitepaper.pdf
💻 Telegram: https://t.me/onlive
✍️ Authored By: Gabinsight
🗣 Bitcointalk URL:https://bitcointalk.org/index.php?action=profile;u=1742297
💼 Ethereum Wallet Address: 0x14b9774693Bd38680DbCB0c40F99Efa315019Fb7
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