https://slate.io/
Slate is using blockchain technology in exciting new ways. The Slate ecosystem will be using the SLX token to pay for subscriptions, tickets, and other purchases. There are two main focuses of Slate, they are blockchain video on demand, and a tokenized ticketing application. The video service will be named BINGE, while the ticketing service will be named SLATIX. To accomplish these services, they are building a new blockchain called SlateChain, which will use the SLX token. SlateChain is going to be used for media storage and delivery. The Slate ecosystem is designed to change the entertainment industry and how people consume media and purchase tickets. They have high hopes for competing with other market leaders.
The plan for Binge is to create a subscription model for decentralized media streaming, and give exclusive use of the platform to token holders. Payments can be done in real time, and the platform is fully transparent. There are no geographic location restrictions. It is planned to have dedicated and exclusive content available on Binge including documentaries, original series, and feature films. There is also going to be a nice library of content that is licensed for use by Binge. Another option is that creators have the option to directly upload content if it meets Slate criteria. The creators of this content will then be eligible to receive a portion of the transaction fees. All of which can be monitored on their Binge dashboard. Creators can also view analytics data related to their content to help them see how it is performing in various regions. This data can help them make decisions about future content they are planning.
A very exciting feature of Binge is that it will make use of Masternodes. Decentralized storage along with the use of Masternodes will result in lower storage costs and therefore lower user fees. Operators of Masternodes will benefit from proof of staking and proof of service rewards. These rewards will be paid in SLX tokens. The whitepaper states that thirty five thousand SLX tokens will be needed as collateral for running a Masternode. Another thing to note is that users can also earn SLX tokens by helping to promote the Binge platform. When a user shares reviews or advertisements on social media, they can be rewarded for it. This will hopefully lead to accelerated growth of the whole platform and ecosystem.
The other main part of the ecosystem is Slatix, which is used for ticket sales. It will have the benefit of low fees, help with prevention of fraudulent sales, and it will be a trusted source for ticket sales. Due to the fact that blockchain can track, store, share, and verify information, counterfeit tickets would not be able to be created. The blockchain would provide secure and fast payment, along with fast ticket redemption. Slatix will have a Slate Core Currency Layer, and a Slate Service Layer. The platform will be easy to use with the ability to browse by ratings, times, reviews, pricing, and events. Tickets may also be resold on the platform.
Slate is a well thought out ecosystem that has great potential in this industry. If you want to find out even more details about the Slate ecosystem, you can view the websites shown below.
Whitepaper: https://slate.io/Slate_Whitepaper.pdf
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