What exactly is MONVID?
Monvid is known to be a decentralized platform that makes use of the blockchain technology to filter, cut-pass limitations, and control for the delivery of video streaming service platform that is advert free and very simple to utilize. The organizers needed to give individuals the experience of viewing their most loved videos with no limitations regardless of where they are. Their vision was to utilize the blockchain technology.
Monvid’s main goal is to launch the Monvid’s platform with a decentralized, and an online streaming to bypass all censorship and restrictions all over the world.
Monvid sees each of the problems and issues, one can have in numerous nations for viewing their TV-Programs, Videos, and movies in light of the fact that the region has a ton of censorship or the TV-providers refuse to support the nation for displaying the contents. This is the reason this project has begun.
The platform is going to be created to function effectively through Distributed Video Sharing – This usefulness will enable video makers and content owners to share their recordings for anyone’s viewing pleasure for free with no expenses, and this video would then be able to be rewarded by the community members. At whatever point a client watches a creator video and might want to help their work, they can compensate the maker with some MVID. The owners will, of course, get these rewards at no extra or concealed cost. These rewards may rely upon the nature of the maker’s recordings and the streaming quality that the community individuals got. This type of streaming is flexible, private, and transparent.
The Monvid platform will be developed for two different functions:
Peer-to-peer video sharing
This functionality will allow video owners and creators to share their videos for everyone to see for free at no cost and this video can be appreciated by the community.
Proxy video streaming
The Monvid Platform allows users to be able to bypass the restrictions that will inhibit from streaming video on a normal centered platform.
Due to its decentralized nature, users can create a bridge between the platform and themselves by using their computer from wherever they are.
Why Does Monvid Stand Out?
Privacy – with Monvid’s blockchain technology ensures that every content creator and user information is safe and secure.
Cost efficiency – Monvid is different from competitors who require a fee to subscribe. Monvid is distributed on decentralized networks allowing content creators to share their resources with members freely.
No ads – Monvid aims to provide users with the ability to stream video without advertising it will be great fun.
Content ownership by producers – on Monvid’s platforms, content creators have a sole proprietorship on every content they create. They have the power to control in their own way.
Transfer of encrypted data – data transfer on the encrypted and untraceable Monvid platform provides extra security for each user and content owner.
Monvid is seeking funding between a soft cap of $500.000 and a hard cap of $5.000.000. The tokens will be compliant with the stable ERC-20 standard and can be held in most common digital wallets. ERC stands for Ethereum Request for Comments.
There are newer versions of ERC like ERC-223 and ERC-721 but monvid decided to not use them because of some of disadvantages and risks with those newer versions.
ERC-223 is a proposal right now, not a standard. Therefore, there are none of the high-profile ICO tokens deployed with this standard. Also it is not yet implemented in any production tokens.
Exchanges might need to do some modifications in order to support such token. There is options that some of the exchanges might not be prepared for it yet.
THE MVID TOKEN
With the creation of the MVID Token they are taking a step towards fulfilling the mission but also to leading the International Film Business further into using and accepting virtual currencies.
Users of monvid will be able to take advantage of a discounted payment for content by using MVID Tokens. Other alternative leading virtual currencies can also be used as payment on the Platform.
There are a maximum number of Tokens every can be generated during the Token-Sale which is 200M Tokens. Only 70% of these 200M Tokens will be for the Sale and the rest are for the team, reserved tokens and also the bounty programs for the marketing of monvid’s Token-Sale. All unsold tokens will be burned and no new tokens will be ever generated after the token-sale.
ROADMAP(From the horse’s mouth)
Q1 – 2017
The idea & first marketing research monvid Early 2017, Antonio and Adrian, two idea maker of this project started to build a team for developing this decentralized video streaming platform.
Q3 – 2017
Gathering more information about CrowdFunding After building up the team, we were ready to learn more about the big technology the Blockchain and also getting help from CrowdFunding to get more investors for our project.
Q1 – 2018
Token Sale Preparation ICO After researching the market and learn more about the Initial Coin Offering on Ethereum Network, we are preparing for a Token-Sale to get it used for the monvid platform.
Q2 – 2018
Token Pre-Sale & Start of the Token-Sale In the second quarter of the year, we will start the token pre-sale and be preparing for the main sale.
Q3 – 2018
Token Sale finishing and getting listed on Exchanges We are already in discussing with a lot of top exchanges around to get our Token to be traded on the public. These are Bittrex, Binance, Tidex, HitBTC, KuCoin, but not final decisions. However we try to get the best for our investors.
Q3 – 2018
Alpha releasing of the monvid Platform Right after finishing the ICO, our team will release the first alpha version of the monvid platform and starting attracting more customers to this platform.
Q1 – 2019
Releasing the final version of the monvid Platform We are going to release the final version of the monvid platform for the public use in the market.
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
BITCOINTALK ANNOUNCEMENT: https://bitcointalk.org/index.php?topic=4390570
BitcoinTalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1860087