Media Protocol review

unfredo (40)in #cryptocurrency • 6 years ago

About Media Protocol

Media Protocol is an open protocol that introduces an economical layer between the two main parts of the content distribution industry: those who create content and those who consume it. The protocol allows content professionals (manufacturers, suppliers, advertisers) to encourage content consumption and rewards ordinary (public) people for the slightest interaction with content such as reception, perception and distribution. That said, consumers will have a more enjoyable and, more importantly, well-paid online content experience at last.

Once content creators/editors/promoters register with the MEDIA protocol platform, they have the opportunity to convert content URLs into intelligent URLs, loaded with tokens like a virtual wallet. When users consume this content (reading, watching, liking, sharing or commenting), a certain number of MEDIA tokens (MPT) go directly to the user's MEDIA protocol wallet address. This will be done through intelligent contracts

Media Protocol enables a relationship between publishers and content consumers without interfering by creating a direct economy for the exchange of data, content and incentives, including financial incentives. Media Protocol has created a convenient environment where publishers, brands and content creators can deliver a more efficient, relevant, effective and fantastic online experience. The experience is also beneficial for content consumers.

In addition to the above, it offers a transparent ecosystem that allows for a multidirectional exchange of data, value and reward. There is room for the direct exchange of content between actors without any interference. There is no cumbersome "toll" imposed on creators or publishers, and each CREATOR retains full control. Media Protocol provides a scalable economic foundation that ensures openness, transparency and security. In addition, the economics of the protocol is designed to create a direct channel for publishers to promote content through balanced consumption incentives directly to consumers, for consumers to directly pay for blocked content and spend tokens, as well as rewarding favorite publishers and creators.

Characteristics of the Platform

Media Protocol is a block chain-based system that rewards audiences for accessing platform content through content creators. It is transparent because there are no third party people involved in the process and all knowledge and money transfer occurs directly between users and creators, making it unique.

The design is made in such a way that it is well done even for the future to come, so it is sustainable and promising as the team strives to provide a better content creation and search experience through the blockchain system.

The platform works through its own application available for IOS and Android called Cryptocatnip that allows creators to create unique content and distribute it directly to people who want to see the content without intermediaries, while giving the audience the opportunity to discuss even more about the content and what else they need. The entire process is managed directly on the platform and there is no third party involved to do so quickly, securely and efficiently.

The revolutionary rewards system ensures that users stay happy over the long term, helping to grow the audience and provide a better experience even for content developers.

How does the Platform work?

Media Protocol has really set up a very easy to follow operation. Once users purchase the SDK, they can create their own applications to provide direct access to traffic-generated media, either by charging subscription fees, setting up paid access, or negotiating agreements with advertisers based on participation levels. Content creators will receive their payments in MEDIA tokens and can also offer them in reward programs to users who involve their content in active roles, such as sharing it on social networks or generating leads that ensure conversions and interaction with the full version of the content.

Who and how can use the MEDIA protocol?

There will be at least three categories of users in the Media Protocol network: consumers, content authors and advertisers, and each of them will be able to derive their own benefits from the platform.

Consumers:

You can earn native Media Protocol tokens to interact with the content;

Tokens will be accumulated in personal MEDIA Protocol portfolios and exchanged for paid queries, services or subscriptions, as well as exchanging these currencies for fiat money.

Content Authors:

You will be compensated by the brands to promote this or that product;

You can receive your percentage of content consumption based on your popularity: the more you consume, the higher the percentage is.

Advertisers:

You can cooperate directly with content authors without intermediaries;

Have a cheaper advertising platform.

Team Members

James Tabor: CEO

Thomas Graham: Co-founder

Cartin Adams: Co-founder

White mark: CTO

Josef Sevcik: Blockchain Developer