Steemit Crypto Academy Season 2 Week 3 Homework Task for @imagen

in SteemitCryptoAcademy3 years ago

Hello

The wonderful lesson by professor @imagen has tasked me to use my imagination. I'll be sharing my ideas with everyone right away

MediaENT

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  • MediaENT proposal: It has been a very busy week and it's finally a weekend. You want to take the day off and just relax. You decide to watch that movie that you've been dying to watch for weeks but couldn't because of your tight schedule.
    You're finally done with morning duties. You sit back and wait for Netflix to load so you could begin the movie. To your utmost disappointment, the movie isn't available in your country. Your perfect weekend has already been ruined even before it started. Don't sweat, MediaENT is here for you!

Whitepaper

MediaENT is born solely for digital entertainment through the concept of blockchain technology. This project is brought up with the viewers and producers totally in mind. It's creation is for the promotion of digital media which is a technology that has proved to be advantageous in so many way, yet so problematic.

So many restrictions are put on digital media for so many reasons with geopolitical location being one of the most popular of these reasons, but MediaENT is here to rule out this setback.

MediaENT, being born with viewers and producers in mind, will prove to benefit both sides of the coin. To promote the growth of the project, producers are given full control to deliver their contents in the blockchain which are made accessible to viewers with the use of the ENT token.

MediaENT eliminates every restriction to digital media. Setbacks seen in everyday media services will be solved with MediaENT. Capitalism is eliminated and everyone goes home happy.


  • ENT token

The ENT token is built on the Ethereum blockchain. It is the Erc-20 token that is native to the MediaENT platform. Token holders are given access to contents on the platform. These tokens are exchanged between viewers and producers for access to projects. Transactions are validated instantly through smart contracts. Without the middleman involved, services are delivered instantly.

The ENT token allows holders to obtain a copy of the media of interest. All copyright ownership is secured with the producers. The ENT token also gives holders the right to vote and a position in decision making in the platform.

The ENT token can be exchanged for other assets and can be bought with fiat currency.


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Roadmap

January 2022: Token launch. Tokens will have a max supply of 100million. Tokens will easily be mined with any device through mobile application. A total of 10million will be made available through the mining process. Amount that can be mined will be 0.005ENT every 24 hours. The amount will be halved as the network grows.

April 2022: Necessary protocols will be set up so that tokens can be traded for other assets. The value of the tokens begin to increase.

January 2023: Launch of the MediaENT platform. Media products will be made available through this platforms.

May 2023: Rewards in the form of ENT tokens will be offered for active usage of the MediaENT platform in order to return tokens back to users, promoting circulation.

January 2024: Mining is predicted to end in this timeline as halving amount would reach indivisible units. Network has been set-up properly and the ecosystem is well funded.

MediaENT will keep growing and adapt with changes to technology. New goals will be set along the long run of the journey


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Conclusion

MediaENT has one ultimate goal which is transparency in digital entertainment. By offering an ecosystem where everyone gets what the what with the absence of monopolistic competition and discriminate treatment, MediaENT aims at using blockchain technology to promote entertainment. The future of blockchain technology is so far great that man has only scratched the surface. Entertainment is a thing for all, and MediaENT is for all. MediaENT is Entertainment.

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Hola @uchescrib

Gracias por participar en la Academia Cripto de Steemit.

El proyecto me gustó bastante.

Lo desarrollaste bien, sin embargo, pudiste profundizar más los conceptos y agregar más datos relevantes del proyecto.

Buen trabajo, disfruté de la lectura.

Calificación: 6.8

Thank you prof. I wasn't in the right state of mind when I made this post. I'm glad I was able to do well.

I'll do better in the next

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