ON.LIVE
OnLive is an online platform or community that brings about a significant change in both the video broadcast and remote consultations markets. It offers unlimited scalability and availability utilising Blockchain Technology and a completely decentralised Peer-to-Peer (P2P) network. Anyone can contribute to the system provided they have the processing power and bandwidth. The contributors are properly rewarded with ONL tokens using a smart incentivization system.
HOW CAN INDIVIDUAL CONTENT MAKERS BENEFIT?
One of the problems associated with streaming services is lack of control and On.Live profers a solution to this problem by giving the content creators absolute control over how they believe their material should be paid for.
HOW DOES IT BENEFIT THE POTENTIAL USERS TO HAVE ACCESS TO VIDEO EXPERTISE ON DEMAND?
Illustration:
Dr. Smith, a professor of English at Oxford University decided to take his lectures online using "On.live". He made a (HD) quality video using the B2B and B2C tech.
Celine from Nigeria who is poor in English decided to give online tutorials a try, she google searched available online tutorial platforms and she eventually came across OnLive platform. She then search for English tutorials and tutors and then handpicked Dr. Smith out of many based on the reviews available. Finally, she decided to give Dr. Smith a try.
She messages Dr. Smith and they both agreed on a reasonable price. Dr. Smith would be very happy earning from his tutorials and therefore put in his best WHILE Celine would feel awesome being taught by an esteemed proffessor from Oxford University
HOW DOES THE MONETIZATION SCHEME HELP CONTENT MAKERS GET MORE OUT OF THEIR WORK?
Due to the decentralization of the marketplace of Transcoding and Relay Nodes services, all the network users have the possibility of making money by utilising their computing power for relay and transcoding operations. ONL token is the only payment option on the platform.
ONL Token
ONL token is an integral element of the OnLive Platform. It is used as a fee currency of transmission and transcoding services to incentivise decentralised computing required for the video broadcasts.
Facts about the ONL token
ONL is built as an ERC20 token on the Ethereum blockchain
Token Type: Utility token
Maximum supply: 111,000,000 ONL
Tokens available in Pre-ICO: 12,210,000 ONL
Tokens available in ICO: 61,050,000 ONL
Pre-ICO Hard Cap: 14,000 ETH
ICO Hard Cap: 100,000 ETH
ILLUSTRATION CONT'D
Upon completion of the tutorials, Dr. Smith would be payed an ONL token as reward for his contribution.
FEATURES OF ON.LIVE PLATFORM
1. PRIVATE SESSIONS MARKETPLACE
An open, decentralised marketplace for one-to-one broadcasts, where users can reserve an online meeting with a specialist of any kind or make transactions instantly.
2. PUBLIC BROADCAST MARKETPLACE
An open, decentralised marketplace for live broadcasts supported by transcoders.
3. TRANSCODING MARKETPLACE
The Transcoding Services Marketplace is a fully decentralised, open marketplace for transcoding services.
4. PAY PER MINUTE
Live broadcasts where users are being charged for every minute of a show. A perfect choice for interactive events, lectures, etc.
5. PAY PER VIEW
Also known as „Access Payment” or „Ticket” is a primary choice for sport matches or music concerts, etc.
6. SUBSCRIPTION PLANS
Subscription plans are aimed towards content creators and provide tools for different monetising scenarios.
7. TIPS / DONATIONS
Users are free to show their gratitude and support to content creators.
8. ADVERTISEMENT
In-built ad-system broadcasters will be able to play their own ads and earn on advertiser ad distribution.
9. LIVE BROADCAST
On.Live enables service providers to deliver HD live broadcasts to an unlimited number of viewers, billing on pay-per-minute and pay-per-view models and scheduling future live broadcasts.
More Information & Resources:
- On.Live Website
- On.Live WhitePaper
- Ov.Live YouTube
- Ov.Live BitcoinTalk Forum
- On.Live Medium
- On.Live Facebook
- On.Live Twitter
- On.Live GitHub
- On.Live Reddit
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