Original post can be seen here

streemit.online is Being Developed & Needs YOUR help!

Roughly two days ago development started on streemit.online which was devised to add a site allowing video streaming with Steem backed Dollar (SBD) tips integrated right on site to the ranks of services offered accepting and using SBD! We're in desperate need of services running exclusively on our network's currency and given the fact I've previous projects similar in nature that are currently nearing completion it was decided as part of my on going STEEM witness campaign services using SBD would be set up to support the ecosystem.

While not currently open for registration the plan is to launch by the end of the week. However before we can fully launch streemit.online some help from the community is needed to cover the financial cost of getting the servers set up for streaming and the software licences bought to get the site out of alpha mode and able to stream to thousands of users concurrently.

The Business Model

The goal of streemit.online is to give Steemit users a place to broadcast their world and get Steem Backed Dollar tips from their peers much in a way they do here. The only difference being that on streemit.online users will first have to deposit their SBD in order to tip rather than the STEEM network supplying the funds for the upvotes.

The way streemit.online will pay it's upkeep costs is by taking a small percentage of all SBD tips and transfers on the site as a fee. While popular streaming sites featuring tipping charge upwards of 40% fees on all tips given to the users streaming on their sites streemit.online doesn't exist to pad my pockets. It exists to give Steemit.com users a sweet place to hang out and tip each other their hard earned SBD for streaming fun and interesting content.

We're going to launch the site with fees set at 5% taken from tips to see if it's enough to cover server costs. The hope is this is enough to cover all streaming and web server costs but if it isn't we'll adjust accordingly. If the site breaks even or runs in a tiny profit that would be preferable.. However it's not built for profit.

(A little screencap of the balances / transfer bits being displayed)

Projected Costs to get streemit.online Running

While the front end server has already been purchased out of pocket by myself a noteworthy amount of funds are still needed to procure the remaining server infrastructure and software licensing required to get the site fully operational and able to support potentially thousands of users wishing to stream their world.

A breakdown of the servers and software required to get streemit.online operation:

Streeming Engine: (~$2000 or $65/month)

Wowza is the worlds leading supplier of video streaming software and codecs. Utilized by many well known companies throughout the globe such as SpaceX, Facebook, ESPN, Sony, Boeing, NASA and Walt Disney to name a few. With being the best of course comes a somewhat lavish pricetag and to fully license the streaming software used for the streemit.online video server you're looking at a pricetag of a little under $2000 USD as quoted in an email received from their sales team:

While that is a lot of money for me personally (in fact more than I currently possess) it's my hope that with this proposal a fair chunk of that raised by this post to help cover the costs of the streaming software. It's also worth mentioning that paying a monthly fee for unrestricted access to their software and streaming codes is available for around $65 / month (plus server costs) and is a viable option to get the site running if I fail to raise the funds to purchase the Wowza streaming engine license outright.

Streeming Client: (~$450 or $45/month)

On top of the Wowza streaming engine a license for the actual client setup used on streemit.online also has to be purchased. While setting up a similar streaming site an affordable and easy to use streaming client was found which enables nearly all modern browsers to be able to view and broadcast live streams world wide. To outright purchase the license is $450 or to rent it monthly is $45. Depending on what this post earns towards the development of this platform will dictate if we outright purchase the whole license or rent it monthly:

(Rough Preview: The layout will be changed shortly to make it closer to STEEM styling)

Servers for Streeming: (~$??? or $???/month)

All of this expensive software needs servers to run on as well! While the web front end server has been purchased and is currently being developed on another, larger, more powerful server must be attained in order to run the Wowza streaming engine and store video that users wish to store for the future. Currently a monthly budget of $100 to run servers seems possible and the front end server costs around $18 a month which I'm covering out of pocket. As demand and usage grows servers will be scaled up accordingly.

Why Services are Important to STEEM

Its well known that in order for a currency to be put to use you need places and services to spend it. As it currently sits we really haven't got much in terms of services where we can use and spend SBD and it's hoped that when Streemit.online gets the funds required to acquire the server infrastructure and fully license the software being used we'll see many Steemit.com users flock to the site and spend their SBD there rather than dumping them on the markets for Bitcoin.

If you're capable of developing business and services that utilize our SBD / STEEM. DO IT!

Transparency & Anonymity are Key

One important thing to mention is that the @streemit.online account has been set up as well to act as a holding account for all user funds deposited to the site, which offers transparency as well as anonymity as usernames will not be mentioned in the deposits. We're using Coinpayments.net to handle our incoming deposits on the site and may in the future extend the currencies accepted on site to cover more than Steem Backed Dollars and STEEM.

Looking for Coders, Testers and Streemers

Want to get in on streemit.online in the early alpha? Are you an experienced HTML5, PHP and Javascript coder? We're looking for folks to help come test and build up the site! While off the get go I'm not able to afford to pay you for your time hopefully in the future once the site takes off wages or compensation can be given.

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Vote @klye for Witness!

Upvotes on this post feed me today but a witness vote feeds the world in the future!
Every vote matters!

https://steemit.com/~witnesses

You can vote for me easily by clicking the link above and upvoting klye:

Thank you for your votes, the opportunity and support!

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Big thanks to @etcmike for donating $5 SBD towards the development of streemit.online!
If you'd like to help support the development and ease costs associated with this project feel free to send a Steem Backed Dollar / STEEM donation to account @streemit.online with mention of donation in the memo.
Thank you