Hello, guys!
Today we will talk about the current problems for content creators and their users when working with existing platforms and how to solve these problems using Contents Protocol.
It's no secret that we all recognize the importance and necessity of data in the content industry. These data are distributed to a limited extent due to trust issues between ecosystem participants.
Contents Protocol's mission is to bring new value to this industry through modern blockchain technology, relying on existing knowledge and relationships in the content industry. Blockchain technology can have a real impact on this industry and spread from a small group of first users to the general public. To achieve these goals, it is necessary to create a widespread service that provides a new and wonderful experience for its customers. Contents Protocol developers plan to achieve this goal using a new practice of compensating consumers for their contributions. The project team will do everything possible to apply this practice in real business and contribute to the mass introduction of blockchain technology.
Contents Protocol aims at mass adoption of blockchain technology and ecosystem token, offering users a new paradigm without requiring prior knowledge of blockchain or cryptocurrency. Moreover, Contents Protocol has already established partnerships with major content providers and existing services from a large customer base.
The value of "data" in the premium content industry will increase using Contents Protocol and blockchain technology. Each member of the ecosystem will be rewarded with a new compensation for their contribution. Moreover, the blockchain network will satisfy the need for convenient and transparent payment of the subscription fee. Consumers will have an important role in the ecosystem by creating valuable data and platforms will play a new role by collecting such data and providing it to content providers. All this will be possible thanks to the absolute trust and transparency of the blockchain technology.
Technology
The purpose of Сontent Protocol is to solve the main problems in the content industry, namely:
- Content platforms have too high fees.
- There is no transparency between creators of quality content and content platforms . The author is not able to check the number of views of his film or video.
- There is no incentive to attract users to the platform.
The Contents Protocol developers create a decentralized platform to solve these problems. This platform will be able to divide commissions between authors and users proportionally. This platform will work with TV content, music content, etc.
It is important to note that the authors of high-quality content will be able to get 75% of the earnings! Looks good! The platform will charge 5-10% commission, and the rest will be guaranteed to users of the platform. The work of the platform is based on the work of smart contracts.
About WATCHA & WATCHA Play
The main developer of Contents Protocol and its main partner is the largest South Korean and Japanese company Watcha, working in the industry of distribution of high-quality content for 7 years. The company's audience is about 4.5 million people and continues to grow rapidly! Watcha Inc's annual revenue has more than doubled since the launch of the Watcha mobile app in 2013. Android / iOS
The number of downloads of this mobile application already exceeds more than 2.5 M+ users.
It is worth noting that the Watcha app is awarded the title of "Best app of the year" in the Korean Apple Store and Google App since 2013! This is a serious achievement of the developers!
Watcha provides users with the opportunity to enjoy watching and evaluating various movies, reading books or watching popular TV programs such as the popular TV series, movies and other content.
At the moment, about 400 million estimates are received from 4.5 million users. According to statistics, each user estimates more than 100 units of content.
Token
Contents Protocol uses two types of tokens - CPT ( ERC-20 standard ) and CP Power tokens.
The main token for the payments within the platform will be used by CPT. Using CPT users will be able to receive a reward for their active participation in the development of the platform.
CP Powers tokens are used as a means to activate a special option to increase user reward for active participation on the platform. Content authors also have this feature, which can increase the reach of the video or movie audience.
These tokens cannot be sold directly. CP Powers can only be converted into CPT tokens in 1:1 format with a 4-week lockup.
About Token Sale
Token: CPT ( Utility Token )
Standard: ERC-20
Max Supply: 10,000,000,000 CPT
Price: 1ETH=60,000 CPT
Hardcap is 40,000 ETH
Tokensale Start: December 17th
Team
Key Advisors
Key Investors
Partners
The project currently has many serious strategic partners and investors, such as:
- Hash Capital is a global Agency for the management of investments and assets associated with industrial risks. His investment portfolio includes Dfinity, Omisego, Loopring, Vechain and many others.
- Spartan Group is a leading consulting and investment firm with connections both in the crypto world and in the traditional financial industry.
Conlusion
Certainly, this project looks serious both in the short and long term, given the relevance of the chosen sphere. I think that the developers have great prospects for the implementation of all plans. Given the extensive experience in the market and having such serious investors and partners, the project will be a success!
More info
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Bitcointalk
ETH address: 0x624E1336873749f13C4DFF5E4d05b85f1E8E9255
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