Friday, June 8, 2018

LET IT PLAY - Easily Create, Distribute, and Monetize the Audio Audio Version


Welcome my friends to an exciting new Project today and let's take a look at their great idea:

LetItPlay prepares the Internet for it’s audio future by creating a decentralized ecosystem with attention economy which allows any news portal, blogger or community to easily create, distribute and monetize audio versions of their content.

LetItPlay provides a solution to this problem. LetitPlay is backed by EOS blockchain technology. Decentralized nature of this solution allows us to implement a genuinely transparent and fair attention economy designed to reward content creators for consumer attention to content, including listens, likes, comments and reposts. Similarly to what Steem has done for text content, LetItPlay will do for audio. The attention economy will make audio production profitable for Content Providers. And the ecosystem will grant Content Providers access to new ways of content distribution and chance to reach a new audience.

The LetItPlay ecosystem will connect not only Content Providers and general Consumers, but also Service Providers i.e., those who put in their effort to produce audio content, including voiceover artists, audio recording studios, translators, editors, and so on.

This means that any news portal or individual blogger can afford to create audio content and do it at minimal cost. It is as easy as choosing a studio and voiceover artist. The LetItPlay ecosystem is designed to be as open as possible. We will actively bring in new Distributors and support every effort to create new applications including but not limited to podcasts, audiobooks, audio guides, etc. In future, the LetItPlay attention economy may be implemented in many other areas such as music, videos, games, and even software.

Finally, the Advertiser in the ecosystem will play by the rules of attention economy where Consumer attention is evaluated and should compensated directly by Advertiser. Internal digital currency Play will serve as a utility token that will be used to reward Content Providers for the attention of the Consumers, as well as to facilitate transactions between all ecosystem participants.

Advanced attention economy

In LetItPlay we implement attention economy similar to Steem but more complex and balanced to take into account interests of all acting parts in the ecosystem.
The basis of attention economy:

  1. Consumer with his attention determines the content value
  2. The valuable content should be rewarded
  3. Consumers are different and their attention has different value

CONSUMER

Consumer is the main acting part in the Internet and his time and attention are the main limiting resources.
Content Providers and Advertisers are competing for them.

Play and PlayPower


Play
An utility token for payment transactions in the ecosystem
Play tokens will be emitted as a reward to Content Providers according to Consumers listens, likes and shares

PlayPower
Determines user influence in the Ecosystem
It is also a powerful competitive tool to win the Consumers attention
The amount of PlayPower also determines the weight of vote for decisions in decentralized governance.

PlayPower function

CONSUMER
PlayPower determines the value of the Consumer attention to content and Ads

CONTENT PROVIDER
The amount of emitted reward depends on PlayPower. High PlayPower increases the probability for content to be recommended to Consumers

SERVICE PROVIDER
PlayPower affects Service-providers rating in marketplace search results

ADVERTISER
Advertisers compete with each other for the Consumer attention via PlayPower. Higher PlayPower leads to higher probability of delivering ads to Consumer

CONTENT DISTRIBUTORS
The reward for Distributor for delivering content to Consumer depends on his PlayPower

DAO
PlayPower determines the weight of vote for decisions in decentralized governance.

Architecture


Benefits

Having consumers, producers and service providers within one ecosystem will drastically change audio content market.

SERVICE PROVIDERS
New freelance opportunities will be created for narrators, editors and translators
Service Providers will get access to global market
Service Providers will get a stable commission source

CONTENT PROVIDERS
The cost of audio production will decrease by an order of magnitude (falling below $1 per minute)
Audio-version creation time will decrease down to 30 min
Content Providers will get an affordable and fast way of audio production

CONTENT CONSUMERS
Consumers will get tons of quality content

CONTENT DISTRIBUTORS

Distributors will get a unified source of content to use in their apps.

Tokensale schedule

Name............................................PLAY
Total supply...................................1 000 000 000 PLAY
Presale supply..............................10 000 000 PLAY
Private presale 2...........................01/05/18 – 31/08/18
Token price...................................1 ETH = 10 000 PLAY
Tokensale......................................FALL 2018

Presale 1.....................................266.47 ETH RAISED
Presale 1 dates...........................25/12/17 – 28/02/18
Private whitelist...........................MARCH 2018

Presale bonuses

Bonus level 1............+30% PLAY...........BELOW 50 ETH
Bonus level 2............+35% PLAY...........50 – 100 ETH
Bonus level 3............+40% PLAY..........100 – 200 ETH
Bonus level 4............+45% PLAY..........200 – 500 ETH

Token distribution


You can find out more about the platform or participate in their sales crowd through the following links:


Bitcointalk username: Aray80
ETH Address :

0x61379f78587FaF5cd5e8006007Dd97AF8b6b966F

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