Transcodium - The First Decentralized Transcoding Platform
PRE ICO Date : 7th January, 2017
What is Transcodium ? :
Transcodium is the first blockchain based and decentralized media transcoding platform.
Transcoding is the process of converting from one file format to another desirable and compatible format. Before your favourite social media platform or streaming site such as Youtube or Netflix makes a video available to you, they need to convert this video into multiple formats in order to support different devices such as smartphones, laptop and desktop computers, TVs and more, since each of them have different capabilities. Some videos might even fail to play over a slow internet connection, these type of videos will also need to be converted into a lighter format for a smooth streaming.
Why the Transcodium is an interesting project:
Reasons why Transcodium is an interesting project for investors,startups and developers are:
1.Uniqueness of the project : We are the first company to migrate from the cloud transcoding platform to the blockchain.
Very large market size: The transcoding and media distribution industry is growing at a very fast pace. Social networks are adding streaming capabilities to their platforms, on demand streaming sites are replacing traditional televisions, news agencies now posts news using audio visual formats,advertising networks are now serving video and audio ads and many more. All the mentioned services above needs to convert their media files to support multiple devices and that is where we come into play..
Cheaper, Faster & reliable services : Our competitors (Google Cloud, Amazon Transcoder, Zencoding ..) are currently the cheap cloud platforms available, but we will be the cheapest and fastest due to the unlimited resources our workers(miners) will provide, thereby increasing the demand for our service causing a massive rise in the token's price because according to the law of demand and supply, the highest the demand, the highest the price.
Limited token supply : our token supply is fixed at 120million, which is an exciting news ,because from coinmarketcap.com, all tokens and coins under 200 million are doing very well in price.
Company Registration and Founders Verification Passed: All Serious projects must first register a company and verify all founders to proof seriousness to their investors.
Existing Product : We have an existing product which we are migrating to the blockchain, we are expert in this field already, our company has helped many companies such as geetmp3.com in the media transcoding and streaming field.
Development has already started with our mobile miner app which includes wallet, exchange e.t.c
You can check the progress https://github.com/transcodium/android
How Does Transcodium Works
Transcodium's unique algorithm will enable the conversion of media files in a supersonic speed by splitting large media files into very tiny chunks and thereafter will be encrypted, compressed and sent to workers (idle devices) to process. Due to the lightweight of each chunk, these tasks will be transferred and processed at a very fast speed, even smartphones will be capable of processing them. Tokens will be rewarded to any worker who completes its task before the allocated timeout.
Bonuses and Discounts
5,710,000 (Presale) 30% Discount $0.263 USD
6,680,000 20% Discount $0.300 USD
22,190,000 10% Discount $0.338 USD
25,220,000 5% Discount $0.357 USD
website : https://transcodium.com
Ann Thread : https://bitcointalk.org/index.php?topic=2571769
WhitePaper : https://transcodium.com/files/whitepaper.pdf
Telegram : https://t.me/transcodium
Twitter : https://twitter.com/transcodium
Facebook : https://facebook.com/transcodium