Slate Token (SLX) is a blockchain-based cryptocurrency for entertainment purposes in the hope to make entertainment industry decentralized. As we know entertainment is an essential part of our busy life at this time slate is introducing really a good approach to connect entertainment industry with the blockchain technology because today's world is all about technology. Slate provides an amazing platform for ticketing, streaming all in a decentralized multi-layered ecosystem.
Over the last 15 years, technology has facilitated many advancements in the entertainment industry. One of the greatest of these advancements is the subscription video on demand. Networks such as Netflix, Hulu, and Amazon prime video are the markets leaders of this industry, and these firms are good, however they are not without fault. For example, they require high-speed internet and expensive membership plans for content delivery.
The Future of Entertainment
Nowadays, e-ticketing has become very popular for events and activities such as movies, concerts, sports events, museums, and theaters. In 2018, worldwide annual revenue for the online event ticket industry was US $33.7 billion with US $11.9 billion coming from the US market alone. Due to centralization in all the existing ticketing agencies consumers end up paying many unwanted charges, as a result the prices of tickets is really high and keeps on rising. Untrustworthy review systems are another problem in the entertainment industry. Which is why Slate plans on improving the modern entertainment industry using blockchain technology.
Slate is an ecosystem consisting of three main elements
1. SLX Tokens: It is a utility protocol token that can be used for purchase services, Slate provide low-cost, high-speed, high-definition video globally and offer live event ticketing on the blockchain. Slate powered by masternode networks that provides flexibility to the user to find their desired shows and event and helpful consumer to earn SLX token.
Slate Entertainment Group is the parent company of Binge Media Corporation and SLATIX Solutions. Slate has two platforms BINGE for video and SLATIX for tickets.
2. BINGE - Will provide a streaming platform based on blockchain technology, the first premium decentralized streaming platform with the power of distributed ledger technology. That will provide users with high quality content with transparency at low-cost. It will facilitate the transparent sharing of behavioral analytics for understanding the what consumers like most.
3. SLATIX - It will be the new a mobile application for discovery and ticketing. SLATIX is having great features that will help to choose the desired content through a curated system of authenticated reviews and special discount and access to entertainment events such as movies, live-concert, plays, museums and sports event. It will offer you a loyalty reward program by this program you can earn free SLX tokens. That will leverage more people to be part of Slate and because of peer-to-peer Slatix will make buying, transferring and redeeming tickets seamlessly.
Slate has good partnerships with companies such as SITGES & XYZ Films, and has a powerful team of well-experienced personal in their respective filed. There is no doubt that Slate can be a very good option at increasing demand for entertainment and though blockchain technology.
Company
Website: https://slate.io/
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3399383.0
Whitepaper: https://slate.io/SLATE_WHITEPAPER.pdf
Telegram: https://t.me/Slate
Facebook: https://www.facebook.com/slatecurrency
Twitter: https://twitter.com/slatecurrency
Author: https://bitcointalk.org/index.php?action=profile;u=2127077
Telegram: @SunnyFang
Have a Sunny Side Up day! 