The On.Live platform allows users to provide broadcasting and advertising services to anyone from any part of the world. On.Live allows users to earn money for providing valuable content either in the form of pay-per-view, in-stream payments and pay per minute. The objective of On.Live is to enable qualitative broadcasting and advertising and to create a reliable platform for users to connect and sell broadcasting and advertising services all over the world. On.Live uses blockchain to control transactions and settlements. The On.Live Platform offers a reliable streaming protocol based on blockchain technology. Blockchain technology ensures that the system is fully decentralized and open to all people.
How It Works
A broadcasting and advertising service provider creates its own channel via which it can sell advertising services to the public. The advertising service provider also creates and broadcasts live video to its choice audience. Customers who intend to advertise their products and services in turn pay to be featured in the video live broadcast. Moreover, users can also pay to view the content being broadcasted.
0n.Live can be used by anyone who has access to the internet. It can be used by individuals, small businesses and large corporations. On.Live creates a platform for businesses to enjoy a global advertising potential without leaving their locations.
Features of On.Live
- Decentralized Open Marketplaces: Onlive has three completely decentralized open marketplaces. On these marketplaces, users can offer and also buy services from one another. These involves live broadcasts from advertising service providers without any centralized intermediary. On.Live regulates these markets with the aid of smart contracts and blockchain technology which eliminates the need for a centralized regulatory authority. Moreover, the use of blockchain technology helps eliminate censorship in locations where freedom of information is restricted.
- Live Broadcasts: On.Live operates on the idea of advertising service providers creating live broadcasts to an audience. Individuals, businesses and corporations in turn pay for advertising opportunities on such broadcasting platforms. Anyone can start a live broadcast from one location to multiple destinations These live broadcasts includes presentation of offers, conferences, tutorials, workshops among others.
- Pay-Per-View: On.Live also allows users to create pay-per-view content where access to customers depend on an entry fee called a 'ticket'. Users of On.Live can choose to pay directly for each program they access on the pay-per-view feature. On.Live offers an automatic integrated system that allows users to easily handle viewer transactions through pay-per-view. This is done right in the video player window from an integrated paywall.
- Pay-Per-Minute: On.Live also allows users to pay-per-minute for live broadcast. This would be very useful for short tutorials and conversations.
- Tips and Donations: On.Live offers users an innovative way to make money from advertising. This is in form of receiving tips and donations during broadcasts. Users are allowed to offer tips and donations to advertising service providers.
Onlive uses ONL Token as a means of payment for services on the platform. It is a predefined cryptocurrency that is limited in supply, Moreover, the cryptocurrency can be easily exchanged with major cryptocurrencies like Bitcoin and Ethereum and also other popular traditional currencies like the USD. Its total supply is 100 million units and is divisible up to 18 decimal places. Once a 100 million units is produced, no additional token would be mined or produced. The ONL Token allows instant and cost free transactions inside the On.Live Network. ONL Token is the sole payment method on the On.Live network. This token is used for paying broadcasters and advertisers for the services they provide on the platform. The total amount of ONL Token allocated for pre-ICO is 12,210,000. The total amount of ONL token allocated for ICO is 61,050,000.
Benefits of On.Live
1. It is a reliable and highly scalable platform.
2. It allows users from all countries as long as they have the appropriate computer processing power and bandwidth.
3. It encourages advanced communication technology which would be deployed for online conferences, eLearning, workshop broadcasts among others.
4. It offers users the opportunity of earning money from providing transcoding and relay operations to other users in distant countries.
5. It offers pay-per-view and pay-per-minute billing systems which allows users to pay only for viewed ontent.
6. Offers a 30% discount for Pre-ICO contribution.
7. It allows for a speedy and secure transaction through the smart contract system.
Their well-written white paper and FAQ available at https://on.live
Telegram: https://t.me/OnLive
Twitter: http://twitter.com/on_live
ANN: https://bitcointalk.org/index.php?topic=2738965.0