Flixxo: Community based decentralized video sharing platform
The blockchain is changing the way we live and interact with the world. It is changing the entire system of finance and economics by changing the way we transfer the value. Blockchain has enabled the model for peer to peer value transfer without the third party. This is not limited to transfer of currency but it has many real-world applications. One such platform which uses the Blockchain technology for video distribution is FLIXXO.
What is Flixxo?
Flixxo is decentralized community-based video sharing platform where anyone can become a content creator and earn directly with their content without any kind of involvement of third party and centralized mechanism. It uses the Bit torrent platform for the content distribution. The platform also allows distributors of content to earn Flixx token for their work. Unlike YouTube where your revenue is determined by the authority, Flixxo gives content creator a power to decide on the cost of the content and reward they want to pay to distributors. Flixxo has its native token for the system known as Flixx Token. Whenever content creator uploads any content on the system, Flixx tokens of that person are locked in a smart contract. Which prevents spam and help to maintain originality on the platform
Use cases for Flixxo
Any person who creates amazing videos on YouTube and has great fan following can join Flixxo network to contribute original content to the network. As the network is decentralized, the earning of that person is not controlled by the third party and the user gets the complete revenue in form of Flixx tokens.
Advertisers can use the Flixxo platform to advertise their product to users by offering them Flixx tokens. This also ensures that the advertisement reaches the real and intended audience
Users can pay only for the content they want to see rather than spending money on buying entire subscription. They can pay to content creator directly in Flixx token which is P2P transfer without intermediaries like PayPal or Bank
People can lend their storage and bandwidth to the Flixxo platform and get rewards in form of Flixx tokens which can be used to watch their favorite content or can easily be traded on secondary market
If any content has multiple authors then they will be able to split the money amongst them selves in Flixxo network for the shared content. Earnings can be easily split between authors and coauthors
As the Flixxo platform will be on Blockchain and completely decentralized, content that is uploaded on the platform cannot be censored which can help people to raise their voice freely and give freedom to share what they like. However inappropriate content on Flixxo would be filtered
Flixxo will be available on both smartphone and desktop and will be having app for Smart TV too, it will have user-friendly platform to use where people can share content and exchange their Flixx tokens with each other. It is truly P2P sharing and P2P payment transfer network
Why should you invest in this project?
The project has a solution for real-world problem. Because the idea itself is revolutionary it will definitely attract more and more users on the platform and will give tough competition to centralized platforms like YouTube and Netflix. Early adopters of the platform be it, content creator, Distributor or User will be greatly benefited from the platform. As the total number of tokens in the platform are also fixed as one hundred million Flixx, it will appreciate in the value as the acceptance of the platform will grow in coming days . Investing in Flixxo is like investing in the Google, Facebook, and UBER in the initial days of their business and getting amazing return on your investment after some years
For more information visit:
Website: http://flixxo.com/
Whitepaper: http://flixxo.com/assets/docs/flixxo-white-paper_v0.3.pdf
Written By: Kishan
Bitcoin talk Name: Kishan748