The First Reward Based Social Media Video Network Buzzshow

prognoz2020 (25)in #buzzshow • 7 years ago (edited)

All video content created and issued online is currently run by a limited group of digital media companies. Major of them are such companies, as Google (YouTube) and Facebook. However, most of the content creators do not get any reward for their work. The video is still the major way of entertainment. The demand for video is increasing all over the globe thanks to the development of such platforms, as Vimeo and Youtube. Despite the top-quality content, all the profit is not gained by its creators, but by large corporations. It’s even worse for average users, while they have to purchase a subscription for watching a video without ads. The technology of blockchain is a part of many industries now. It is constantly improving those industries. It also negates the need for some companies taking most of the control over the goods, suppliers, and customers. These are mostly video, media, and advertising companies. The research shows that even in such countries, as Africa, a big number of people are utilizing video streaming as the main source of entertainment and information. The number of such users exceeds 200 million in the USA. Over $150 million is gained from video related ads yearly by advertisers in that country only. Most of the video content is viewed on the mobile devices. Different businesses spend over a quarter of the marketing budget on the video advertisement.

A great decision would be a totally decentralized market, sharing the potential profit among creators, customers, and curators. The users would have a chance to be rewarded each time they sign up, watch content, and share it. Thus, the majority of the profit would not go to the biggest corporations.

BuzzShow, is such an innovative and totally new social video platform. It is managed by curators and creators and is absolutely decentralized. The platform uses its own currency called Goldies, and the developers of video are rewarded with it depending on the video popularity. Isn’t that a real splash when the platform can be run by those people who create and use it? It has a full potential of being the leading global video site. The platform is using advanced technology, so all the video content is going to be stored decentrally. Majority of content creators can be easily connected with their audience here, and will not be limited in their freedom anymore. And video curators will be rewarded for all their efforts. The blockchain technology allows using the platform privacy. One of the main advantages of the platform is the content security; the copyright information is validated, while the blockchain technology is more effective in that issue.

Not only content developers earn a profit on BuzzShow, but also all users who view and share the content. Anyone can both contribute and earn in that place. While the videos are held in lots of systems, the platform is not susceptible to ransomware or DOS attacks. The BuzzShow, objective is to ensure each member of the platform to share the revenue from video content creation. Users can start earning from the very first video downloaded to the platform. The video will be downloaded for free. The favorite creators will be rewarded with Goldies. The creators and curators will be paid by advertisers directly.

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The company announced the date of the ICO, it starts on the 12th of February. The amount of the tokens issued is 150.000.000. The price will be 0$.25 per 1 TOKEN.

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Authored by: Malabarka

#video #blockchain #media #network