With the development of digital technologies, more and more content appear in the Net. Content distribution and monetization may be challenging for their creators. Quite often, the content just goes directly to the consumers, yet, most of them are willing to pay for it. That is the way how the industry loses about $20 bln a year!
All in all, there are 3 main problems in the streaming content industry:
Money. There are not many filmmakers making money from digital distribution as the streaming revenue lacks transparency.
Choice. Subscription-based streaming services give less choice for the content as they mostly promote their own films and series.
Pirates vs. Fans. The content system has proved itself to be ineffective because of promoting piracy: fans violate the law to see their favorite film or series as they are unable to pay and stream the desired content from their preferred streaming service.
To sum up, the content is expensive, users have little choice, the revenue is not transparent, and what is more, the industry itself encourages piracy.
Following the White Rabbit...
The White Rabbit project aims at rewarding users for the films and series they stream on any peer-to-peer platform. The White Rabbit technology recognizes content and utilizes the blockchain for the payment between users and rights holders. Everyone gets their fee and everyone is happy.
White Rabbit is a browser plugin changing the existing business model of films and series. White Rabbit offers the P2P tokenized system powered by the blockchain, which enables users to access any content globally at a low cost.
The new system provides payment for the producers and creators directly, shares revenue with streaming sites in order to encourage the innovative stream market, and offers a transparent and instant monetization model for producers, investors, artists, entertainers. It also eliminates the piracy.
How does it work?
Ecosystem
There are several participants in the White Rabbit ecosystem:
Users, i.e., content consumers.
Content rights holders and creators provide content and get paid for its distribution.
Partner streaming sites. Content rights holders and creators make an agreement with each other and share the profit for the content streaming.
White Rabbit - rewards all the ecosystem participants with tokens. White Rabbit also offers users a personalized content library — the Rabbit Hole.
Mechanism
White Rabbit has a plugin recognizing the streamed content and offering its users White Rabbit Tokens (WRT) as a guarantee for payment to content rights holders. The smart contract withdraws the tokens from the user’s account and transfers it to the rights holders. If the rights holders reject the tokens (which are kept in an encrypted distribution pool), they are returned to the user, saving the confidentiality.
Users offer their payment for a film or series they are streaming. If there is a preexisting smart contract with the rights holder, 75% of the offered tokens goes directly to the rights holder. White Rabbit gets in touch with the rights holder after a certain period of time. Thus, what used to be an illegal stream is now a legal multiplatform for the content distribution and automatic payments. If the rights holder disagrees or he is not able to enter into a smart contract because of the rights issues, the tokens are returned to the user. The transaction is fully anonymous: neither White Rabbit nor the rights holder can access any information about the token holder.
The Rabbit Hole
The Rabbit Hole is a unique library of personal content where the user can have access to the paid content and even enjoy exclusive materials: extras, director’s cuts and interviews. Moreover, the Rabbit Hole enables users to interact directly with the film creators, enjoy film screenings in VR together, and use other available third-party applications.
White Rabbit offers a payment system with infinite viewing and fan experiences.
Token sale schedule
May 7th 2018, 14:00 UTC — token presale is opened.
May 14th 2018, 14:00 UTC — token presale is closed (unless the hardcap of $5 mln is reached first).
May 15th 2018, 14:00 UTC — main token sale.
June 10th 2018, 14:00 UTC — token presale is closed (unless the hardcap of $5 mln is reached first).
Token sale details
- Token price: $0,13 = 1 WRT
- Main sale hardcap: $10 mln
- Presale hardcap: $5 mln
- Soft Cap: $2 mln
- Total token supply: 190 mln WRT
Bonus structure:
- Contributions from 5 ETH to 10 ETH - 10% bonus;
- Contributions from 11 ETH to 20 ETH - 15% bonus;
- Contributions over 21 ETH - 20% bonus.
You can find detailed information on the following links:
Official website
Whitepaper
Bitcointalk ANN Thread
Bitcointalk Bounty Thread
Telegram
Twitter
Bitcointalk Username: CapnBDL
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=212645
My Ethereum address: 0x577FA2553Af35908072Af7fc61270fd98022002b