Monvid (MVID) ICO Review – Video Streaming Platform Powered by Blockchain
The Idea behind the Monvid Streaming Platform
Have you ever wondered why there is only one main streaming service online, YouTube?? Why isn’t there more competitors in the online video streaming Industry. I mean, I love YouTube, but competition is healthy, drives prices to where they should be (down) and helps inspire amazing companies to innovate even more and in the end, be even more amazing. I have asked myself those questions more times than I care to admit. So, is there an answer from a Blockchain utilizing Project?? Why yes, yes there is. Ladies and gentlemen, I give you Monvid (MVID). Monvid is a video streaming platform that utilizes the disruptive nature found in todays Distributed Ledger Technology to enhance your video streaming needs. The Monvid Ecosystem will use this technology to provide enhanced transparency not seen in the way users and content creators interact with the ones providing the Platform for them to share their visions of themselves with the world.
The Monvid Platform will broadcast live streaming video without censorship worries to and from countries which ban and censor such activity. They will achieve this by utilizing the transparent nature inherent in today’s Blockchain Technology. The founders wanted to provide a decentralized community network for video streaming, which when utilized with Distributed Ledger Technology achieves the vision they set out to create. This Project is creating hype and gaining strength every day, however, the traditional way of providing streaming services are failing to make an impact on potential Millennial Customers or Users. Millennials today require an emotional connection to their video streaming services in order to feel connected with the Content Providers and their respective Channels.
The Technology used by the Monvid Streaming Platform
The Monvid Ecosystem’s Streaming Platform was built on top of the Ethereum Blockchain and utilizes the ERC20 Token Protocol. Specifically, the MVID Utility Token or MVID, will be transacted using the ERC20 Token Protocols Smart Contract feature and can be stored and transferred to or from any ERC20 compatible wallet. Smart Contracts are verifiable, transparent, scalable, fast and cost much less than other financial vehicles for value transfer inside the crypto universe. Monvid Platform users pay online using traditional fiat currency or various cryptocurrencies, then the Monvid translates their payment into credits to be used for their video streaming services. Once the transaction is validated by the Monvid Platform, the smart contract is unlocked and then the Monvid Platform purchases the streaming services customers equivalent payment value of the MVID Utility Token from crypto exchanges and immediately turns the payments into streaming service credits. Costs from middle men diverting funds are eliminated from the payment channels and those cost savings are then transferred directly to the end users.
Problems and their Monvid Platform Provided Solutions
There are certain problems inherent in today’s use of the more established video streaming Platforms, like YouTube and Vimeo. The main problems are in three main categories: censorship from Countries who ban access to Video Streaming Platfroms, the costs to bring the Platform to the public and the lack of transparency in today’s streaming services.
Third-party marketing managers, global money transfers and operational staffing liabilities inside charitable organizations can take up the majority of funds raised from donor proceeds, which will be leaving only cents from each dollar to make an impact on the actual cause. Who benefits from policies like that?? Not the cause that the donor was expecting to be impacted by his or her small or medium or large donations. None of those see the light of joy in a recipient’s eyes after the cause has been funded.
Costs to Bring the Platform to the Public
Modern day users of Video Streaming Services, do not want to pay the same to watch a popular movie as a movie that may not be as widely accepted. Antiquated pricing strategies of the today’s leading video streaming services does not distinguish between the many categories of movies nor it does not consider the movies popularity. The pricing is usually based upon how recently released to the public a movie has been. These costs are directly sent to the end users, making streaming services prohibitively
When we are living in the times of trackable everything, why can’t we track the way our favorite Content Creators are getting compensated for?? When the technology inside of Blockchain based firms can and will deliver the transparency demanded by todays video streamers and over the next few years, these firms will deliver as promised. Gone will be the days of censorship and middlemen costs that balloon out of control. The Monvid Platform will take us into the future of video streaming and not leave us out in the dark past like today’s services do.
Token Name – Monvid Utility Token
Token Supply – 200 Million
Soft Cap – 500 Thousand USD (already reached)
Hard Cap – 500 Million USD
Token Value at Crowdsale – 1 MVID = $ 0.03 USD
Token Sale Dates – June 1, 2018 through August 31, 2018