VIEWO - The Video Sharing Network Operates On Blockchain Based Award Systems
Hello everybody, this new dipostingan I want to introduce about Viewo project, and for more details let's just go to the following discussion:
WHAT IS VIEWO
Viewo is a video sharing network that operates on a blockchain-based rewards system. All participants in the Viewo network are rewarded for their actions, big or small. Rewards come in the form of VEO Tokens, a block- chain-based utility token that has value in both the Viewo network and outside the Viewo network. Unlike current video sharing websites that operate on a self-serving basis, Viewo operates on a user-based approach, rewarding each individual user for actions completed and giving incentives to both viewers and content creators. Viewo is the only incentivized video sharing network that has the support and backing of a significant number of contemporary influencers.
Viewo was born as an answer to the problems currently facing today’s video sharing industry. Whereas today’s industry ignores the needs and voices of participants, Viewo will reward every participant for actions they take, big or small. On a reward-driven platform, users will be motivated to share content, comment, and generally be more active watching content. This, in turn will increase the popularity of their rewards (VEO Tokens), which can be used to make in-site purchases.
Viewo is using GPU servers combined with our specialist software technology, for live and on-demand video broadcasting. This allows us to deliver content at incredible speeds. The industry calls this Ultra Low Latency Streaming which we like to call Bufferless Instant Video Playback. This allows us to provide the worlds fastest complete solution for high resolution streaming. In realtime we can stream live broadcasts with localised ads which are embedded into the video stream and stops popup blockers from removing ads.
Our powerful servers can switch from GPU to CPU based on our streaming needs. We can encode videos on the fly allowing content to play immediately after upload; no more delays like on competitor websites.
Editing software utilizing AI technology to enable content producers to improve videos.
Custom off-chain micropayment technology integrated with a web wallet.
Token distribution after launch of Viewo Video Sharing platform
Token name VEO
Type ERC20 Token
Total Token Supply 2,000,000,000
Hard Cap 564,062,500 TOKENS
Soft Cap 10,000,000 TOKENS
Price 1 VEO = 0.20 USD
Issue After Token Sale ends
Dates December 11th, 2018 – January 11th 2019
Viewo Versus YouTube
Viewo is chiefly an optimized video sharing destination site. When embarking on an endeavor of this magnitude, it’s impossible to ignore the biggest player in this area: YouTube. The major differences between Viewo and YouTube include (but are not limited to) the following:
- All participants in the Viewo network have the ability to profit, even when they perform an action as simple as watching a video. YouTube does not offer any comparable reward system.
- The Viewo business model is to grow with the community rather than growing by using the community.
- The Viewo website economy is based on VEO Tokens rather than fiat currency. Comparing Viewo to YouTube creates a clear picture of Viewo’s potential growth. Moreover, Viewo and YouTube will inevitably be compared among so it is important for us to make the comparison first and be prepared to answer how Viewo improves upon the model of YouTube.
YouTube Growth Compared to Viewo’s Projected Growth
YouTube currently has 1.5 billion users who log-in per month . This means that approximately 12.33 years after YouTube’s first video upload, we can calculate the average yearly growth rate of YouTube users: average growth per year for logged in users/month.
Let’s now look at Viewo.
The Viewo network is based on an economic model that emphasizes user-based growth in a much broader way than YouTube. In contrast to YouTube, users who share content through encoded links will earn VEO Tokens. As more people subscribe to Viewo through each shared link, the more tokens the sharer earns. In this way, we give users more motivation to share great content, which means that Viewo’s user-base has increased potential to grow.
New user increase over time plus the increase of earned tokens per week, per user; will result in more new users joining Viewo and sharing content. This creates an environment that is beneficial to everyone. The cyclical process is depicted in the image below.