Video contents and streaming seem to be the popular way of enjoyment and information. Instead of googling a certain type of info, users like to find the video contents of what is it, the function, how to use it, and such thing alike. That’s why the idea of having a video-based paid service like Onlive is advantageous for everyone.
The Concept of OnLive Platform
So, how does Onlive operate? How is everything managed here? Everyone involved in this platform will get their own perks. The creators of the videos, for a starter, will be able to generate money as well as sharing knowledge and skills. Will they be able to reach popularity too? Definitely, especially if the contents are unique and considered useful. The transcoders will be able to earn some money too for their service in transcoding the videos. The relay nodes will also get the payment for broadcasting the video, while the recipients will get the knowledge or type of entertainment they want.
Let’s not forget that Onlive caters to live consultation as well as live broadcast. One of Onlive’s main strength is the flexibility in offering or getting the service. Let’s say that you have an expertise on the computer. There are many options available for you. In the live consultation area, for instance, you can offer free service for a number of people (free service for 4 first people contacting you) or you can charge a number of token for your service (let’s say, 10 ONL tokens for 15 minutes of consultation).
In case you want to have a live broadcast, you can set up a plan and then place an order for transcoding service. Any transcoder is free to apply. Once you have found the perfect candidate meeting all of your requirements, you can set up a smart contract and the work can start right away. However, it is not only the creators who can have ideas about making contents. The recipients can make requests of what contents they want to see from a creator – this generally happens to a popular creator.
ONL Tokens
Taking part in the token sale is pretty easy. This platform isn’t as restrictive as the others. Those who want to buy the tokens don’t have to go through any KYC checking or AML screening, so it is a completely open platform. In my opinion, this is one minor flaw of this platform. Not having to go through any checking procedure may be great for some people, but if you want to be completely sure about the security and safety of the platform, those screening processes will help. But I guess that the development team has 100% faith in their system and they are completely sure about its safety.
During the public sale, around 61 million tokens will be released, taking place from 11th of March to 11th of April 2018. The earlier you buy, the more bonuses you can get. For instance, if you buy from the first to the eleventh day of the sale, you can get 20% bonus. More than that, you can only enjoy 11% bonus for joining Onlive.
