The Steem blockchain was upgraded earlier today. You may experience trouble posting and transacting while the new bandwidth system stabilizes. Read more here.

Entertainment Industry Disruptors: A Comparison of Slate vs. SingularDTV

in cryptocurrency •  5 months ago

slatevssdtv.jpg

For the keen investor, the job of identifying a promising ICO can be overwhelming. As crowdfunding vehicles grow in number, it becomes even more difficult to choose the best investment proposal and avoid those that are poorly constructed or outright scams.

ICOs have gained popularity because they allow companies to raise millions in seconds, while providing investors with the potential to earn ROIs greater than with traditional investments. The number of ICOs popping up is simply mind-blowing. In 2017 alone, more than 800 ICOs raised over $6 billion dollars collectively. In the first quarter of 2018, there have already been 700 ICOs, raising over $4 billion dollars.

In addition to profit, purchasing tokens in an ICO gives participants the power to play a part in fueling disruptive technology for the greater good. Disruption is, after all, at the heart of ICOs. They are not merely token sales. They are mechanisms for dismantling entire industries in Fintech. One could argue that the more disruptive the technology behind the ICO, the more compelling it is to invest in.

Disrupting the Entertainment Industry

One industry in dire need of disruption is the entertainment industry. While Subscription Video on Demand (SVOD) platforms like Netflix, Amazon Prime, and Hulu have revolutionized how we watch TV, they have forced the bread and butter of the entertainment industry, the producers, up against a wall financially.

Millions of cordcutters have already replaced their cable or satellite TV service with these Subscription Video on Demand (SVOD) services — and for good reason: SVOD services are more affordable and accessible and carry great exclusive content. Despite these benefits, however, there is an insidious problem. These platforms have monopolized the industry, giving producers of our favorite content less compensation for the time and money they have invested in production projects.

What’s bad for producers is bad for consumers, too. When creators, producers, and performers aren’t fairly compensated, it chokes the supply of the well-produced content we really want.

The current subscription-based model we have today is proving to be unsustainable, putting the entertainment industry as a whole at risk. If nothing is done about this we will likely see subscription service fees spike, leaving producers no other option but to slash production budgets. Consumers could be forced to pay high subscription fees or choose from a selection of low-budget entertainment. We need a solution, and that solution is to decentralize entertainment.

Decentralizing Entertainment with Blockchain Technology

Two ICO projects that have set out to offer a solution for the entertainment industry's unique problems are Slate and Singular DTV. Both aim to decentralize the entertainment industry through decentralized streaming via Blockchain Video on Demand (BVOD), decentralized media storage, and real-time royalty payments. But which is superior?

An In-depth Comparison of Slate and Singular DTV

Mission and Roadmap

The whitepaper for Slate is comprised of 47 pages, outlining Slate's goals, extensive details on the team, its partners, a milestone roadmap, the Slate protocol, and the initial Sale. SingularDTV's whitepaper is primitive, containing only 13 pages and lacks any information to articulate a sense of direction or plan of execution for the project.

Slate has clearly defined its goals and plans, something every investor should take notice of when selecting an ICO to invest in. While SingularDTV leaves the public wondering, Slate clearly articulates its goals: to disrupt the entertainment industry so that consumers pay fair subscription prices and content creators receive transparent analytics and the pay they deserve.

SingularDTV's goals are more in-line with providing a crowdfunding platform for independent films by raising funds off of the Ethereum network. The project appears to be more of a financing vehicle than a distributive media platform looking to change the current state of the industry.

Slate (SLX) coins will be produced on its own blockchain, SlateChain, while SingularDTV will create an ERC20 token, SNGLS, on the existing Ethereum blockchain.

SingularDTV has yet to publish a model for how its currency, SNGLS, will be used or where. Slate, on the other hand, fleshes out a well-developed plan for the Slate coin’s utility within the Slate Entertainment Network. Slate will have two platforms built on blockchain technology: Binge, the first premium decentralized streaming platform to utilize the power of distributed ledger technology, and Slatix, a low-cost tokenized ticketing system.

Both will be powered by Slate's masternode network that enables owners to own SLX. The SLX currency will be accepted as payments for subscriptions on the Binge platform and can be used to purchase forgery-resistant tickets on the Slatix platform. Binge will allow subscribers to watch streamed content through the introduction of Blockchain Video on Demand (BVOD).

The goal of Slatix: slash inflated ticketing prices by cutting out the middleman. These savings will be passed on to consumers, spurring adoption and rewarding customer loyalty. Consumers will be able to purchase tickets using their mobile phones for events such as movies, concerts, plays, museums and sporting events.

Slate has already signed a deal with Sitges International Fantastic Film Festival to utilize the Slatix platform for the upcoming film festival held in Catalonia this October.

People will use Slate tokens to buy event tickets and passes, making it the first major movie festival to accept cryptocurrency.

The Development Teams

One of the biggest indicators of whether an ICO project will actually deliver is the strength of its development team. Slate's team is composed of an impressive group of individuals. Slate's Founders include Michael Moyal, a traditional financial services stalwart, and Marino Kulas, and Cody Hackman, both film industry leaders. Slate's technical overseers include Jason Squire, Gediminas Ausra, Robert Morton, Kal Gabriel, Ian Campbell, and Jose Maradiaga. The team members offering their business development support include Nate Bolotin, Jessica Labi, Jon Karas, Carrie Wolfe, Ryuhei Kitamura, Keven Shea, and Glenn Wong.

Each of these individuals has an extensive professional history that can be found on the slate.io team page. Together they make a formidable team equal to their ambitions, with expertise in every area relevant to achieving the project’s goals.

Singular DTV's team members are CEO Zach Lebeau, CMO Bill Richards, Kim Jackson, Joseph Lubin, and Arie Levy-Cohen. This information can be gleaned from a wiki about Singular DTV and a Medium post published by Singular DTV but is not public on their official website, singulardtv.com.

Which to Invest In?

From an investor's standpoint, Slate has already proven more trustworthy. Not only is the development team of Singular DTV less visible to the public, they do not offer masternodes or any reward system for that matter, which is a huge drawback. Slate, however, is offering masternodes to Slate (SLX) holders which will allow them to accumulate more of the token as a reward for contributing to their content media delivery and storage protocol. It is clear that Slate is the more sound investment of the two. SingularDTV lacks a solid whitepaper, transparency, or a team as capable and experienced as Slate.

As a digital currency media writer, I was commissioned to write this content by Slate Entertainment Group (SEG). However, the opinions expressed are my own. Do your own research before investing in the company, as this is not intended to provide investment advice.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

I must admit i grabbed Singular early on and had really no idea of its potential. i was just kinda interested in using its platform. I am really happy to see it's user base growing and being promoted here on steemit.

hopefully this will incentivize more people to research the product and cut the cord!

·

You got a 73.33% upvote from @whalecreator courtesy of @masterroshi! Delegate your Steem Power to earn 100% payouts.

First of all, the clip video of slate is very entertaining. You made a good point telling that a good team is very important.

Unfortunately, as I research more about the Slate Project, I found some red flags for me not to invest on this.

  1. High Hard cap. The hard cap is reaching more than $100M and for investor the higher the hard cap means the lower the potential of returns.
  2. Weak Team. The team doesn't have any experience of being a founder or CEO on a decent company before.

This is a hard pass to me but maybe I am wrong, I am not a financial advisor. This two red flags is enough to me not to go through an in-depth research. Best of luck to everyone.

·

Agreed, while the video is very nicely done and the project makes sense, team appears to be weak overall, with limited credentials. In addition, many people listed on the team appear to have other projects in parallel - which would be concerning for team focus. I think there is room for a competitive project with a stronger team in this space.

·

There are two CEOs on their team list if I am not mistaken, under founder and board of directors? Unless I am missing something.
I think hard cap is mostly for content acquisition which in this space you need capital for.

·

Thanks for your comment, @hiroyamagishi. I do want to point out, part of Slate's tech team is Jason Squire - CEO Red Ball Internet, Robert Morton - CEO OPTiFi Inc, and Ian Campbell -CEO iConect.

Michael Moyal, co-founder of Slate Entertainment Group and CEO of North Capital Partners
Marino Kulas, co-founder of Slate Entertainment Group and CEO of North Hollywood Films

https://slate.io/#team

·
·

I saw that in their profile as well but take a look at my words as I written it carefully.

The team doesn't have any experience of being a founder or CEO of a decent company before.

A decent company is my point. For me a good and decent company is a company with big reputation and have many employee. The team matter is a very subjective point and it is up to the investor which is strong team and which is not. As for me I mark them weak team for not being a CEO of a decent/well known company. Red ball -3 employee, Optifi Inc.- 6 employee. I don't invest on a $100M hardcap but the team is not showing a decent experience. Best of luck by the way.

This is what I'm talking about. I'm already salavting about this ICO. Thank you for the exposure @nataliejohnson

·

Thanks for resteeming ;)

·
·

Pleasure

Pleased to see such growth !! our realistic and futuristic economy every day will be promoted more in these new icos that generate a deep growth in the low and great investment due to the excellent commercial management that gives us 1000 graces.

I really respect this breakdown of cryptocurrencies, I have done a similar breakdown but from a slightly more humour based point of view, please feel free to read it, and laugh :-)

https://steemit.com/funny/@georgemason/the-number-1-reason-you-aren-t-getting-rich-from-bitcoin

Upvoted :-)

·

thanks, @georgemason. I'll check it out ;)

This post has received a 77.73 % upvote from @boomerang.

Hmmm....cool info
Is Slate featured on any exchange yet?

·

The ICO begins May 11

·

oui mais est ce que tu peux me montré fonction steem

Happy to see this article as i invested in one of these !

You got a 77.17% upvote from @upmewhale courtesy of @nataliejohnson!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!

I love seeing the transition to crypto-currencies into new industries and this depiction of it's use in the area of entertainment is amazing to see!

Great.....don't upvote me.....

That is lovely

Congratulation nataliejohnson! Your post has appeared on the hot page after 84min with 15 votes.

Congrats dear Natalie for your posts. Hope to stay in touch and support each other. I'm a simple artist www.luciannagy.com and hope that you'll enjoy my creations in Music and maybe you'll support even my campaign for Uganda. It s there on my blog page. Thanks. Have a Blessed Day!

That is amazing! Thanks

Great info...! much appreciated!

super fajny blog. Polecam :)

excellent initiative
Thank you very much for your words, of course it would be great to be able to help us: D from now on I follow you and I support you, you are great

Hello, I signed up for your blog, I'm waiting for a mutual subscription
followback

You know... I've always been afraid of Isis hearing about the bad side of them. But after reading this post I think I've grown in confidence to try the ICO game. Thanks

You got a 17.79% upvote from @postpromoter courtesy of @nataliejohnson!

Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!

@nataliejohnson perfect article thanks

good work @nataliejohnson I'm glad to see it growing

Great info

Upvote! It’s a great article

Wow cool and insightful blog! Love to read things that I am unaware about, and learning though steemit :)

To listen to the audio version of this article click on the play image.

Brought to you by @tts. If you find it useful please consider upvote this reply.

·

Nice for effort

The value of EOS is likely to continue growing as we approach this launch. EOS is big, and will get even bigger after the launch. It is definitely a great project to be involved in right now.

follow me crypto currency update

Great post!!

·

Please Stop - @cp123

You just said "great post" and in your your last 100 comments you used 57 phrases considered to be spam and you made this exact same comment 33 times. You've received 0 flags and you may see more on comments like these. These comments are the reason why your Steem Sincerity API classification scores are Spam: 81.50% and Bot: 2.60%

Please stop making comments like this and read the ways to avoid @pleasestop and earn the support of the community.

This is great, insightful stuff. You could look into ACTN, if you've not already.

terimakasih banyak

Thank you very much

😊

Helpful write up worth a resteem from me

öncelikle çok güzel iyi düşünülmüş bir proje. ilerde çok iyi yerelere gelecek vaat eden bir proje olması. takipdeyim...

Best combination here thanks

woo this is amazing job ,,, investor is amazing hehe

SingularDTV's whitepaper is primitive, containing only 13 pages and lacks any information to articulate a sense of direction or plan of execution for the project. Great

we need a lot of research.

I'm really interested on this

From an investor's standpoint, Slate has already proven more trustworthy.

thanks for the insight

In India it recently got on couple exchanges for investment. Will go through the details.

Nice analysis. I'm upvoted.

wow! after The 100 Season 4, Jasper has been doing this.. thumps up

Congratulations @nataliejohnson!
Your post was mentioned in the Steemit Hit Parade in the following category:

  • Pending payout - Ranked 3 with $ 652,58
·

dear sir i m new here please follow and upvote me

Hello friend, excellent publication, I liked it a lot. Count on me, I invite you to visit my profile and count on you too, Regards

I learned a lot of new things from this post. Great post, mate.
I also have a blog where i post daily analysis of CRYPTOCURRENCY AND FOREX MARKETS to help the new traders. If I get help from a blogger like you, then I will benefit a lot and newcomers trader can also benefit from me. So if it is possible, then please subscribe to me @syeedhossain24

·

I certainly will, @syeedhossain24. I actually read your post yesterday on Bitcoin market analysis. Reading charts and predicting what the market will do is definitely a skill... one many people don't know how to do ;)

Both aim to decentralize the entertainment industry through decentralized streaming via Blockchain Video on Demand (BVOD), decentralized media storage, and real-time royalty payments.

Goof information for me....

Thanks for taking the time to educate. I knew nothing about Slate or Singular and will look into this.

singular dtv..meet slx..
.

hopefully this will incentivize more people to research the product and cut the cord!

I really respect this breakdown of cryptocurrencies, I have done a similar breakdown but from a slightly more humour based point of view, please feel free to read it, and laugh

If I can give you guys my opinion for a good ICO, I discovered an exciting one: RAWG. If you want to have a look and get some information, the ICO will start by the end of the month.

The ICO site is this one: https://token.rawg.io/.
It's a video game discovery platform that converts your skills into goods and services.

You can earn tokens by playing your favorite games. The site is already working, with more than 50,000 games in the database and new games are getting added every day. This is the site: https://rawg.io/

Quite good looking, don't you think?

Have a look! I hope this information is helpful.

Thanks for sharing this one.. :)

Gift.ONE, AIRDROP
the global biggest airdrop organization of cryptocurrency,
is airdropping million Tokens!
1GIFT = US$0.2,get 100GIFT by registration,
Gain more 100000GIFT from any activities,
Click link to get GIFT:
https://gift.one/i/72JPvY
Win lottery for iPhoneX、BTC、ETH、GIFT everyday!

EOPT AIRDROP
Campaign will start from 2018.4.27 and end in 2018.7.26.​
The total bonus is 100,000 EOS, worth 1.5 million US dollars.
TOP 1000 EOPT token holders will DIVIDE all the 100,000 EOS Proportional to the number of tokens they hold
EOPT is the token of EasyOption.io platform, will be traded on exchange.
1 EOPT = $0.2
http://airdrop.easyoption.io/#uwezttpg9zk

Achain AIRDROP
http://t.me/AchainKoreaBot?start=beRZYXScmjDT

·

@kumajin you're on the @abusereports naughty list!
If you do not stop, your account will be rendered invisible on Steemit. Bad Steemian! Bad!