Content Protocol ICO is a distributed premium content exchange protocol that enables content providers, platforms, and users to coexist and cooperate sustainably.
Decentralization of the conventional distribution channel that connects creators and consumers. Contents Protocol enables distribution margin, which used to belong to centralized platforms, to be shared fairly and transparently among the network contributors such as creators and consumers, according to their contribution.
Contents Protocol is a simple decentralized premium content exchange protocol. On which any premium quality content creator can get access to the user reviews. If you are in a confusing don’t worry follow the full tutorial.
Problems
The content market has been growing rapidly, but gateways for content consumption have become semi-monopolized by centralized online content platforms. This has caused the following problems in the ecosystem.
Content Providers losing direct access to Users and the Data
All the valuable data that is accumulated in the centralized Platforms such as user engagement data and demographic data are not shared with the Content Providers. This challenges the Content Providers to learn what the consumers really want and how they can produce better content in the future.
Platforms’ Non-transparent and Unreliable License Fee Payment
Due to a lack of transparency in their revenue distribution systems, Platforms have taken advantage of the blackbox license fee practices, creating the risk of the data manipulation. Content Providers have no choice but to blindly trust the system.
Users’ Contribution Exploited
Users are not compensated for their contribution to the success of Platforms such as asleaving reviews & ratings, and sharing on social media. Therefore, Users are losing motivation to discover new content and share them to others.
Contents Protocol : What actually is Contents protocol.
There is a famous app in Korea called WATCHA with 3.8M users where every user can share their movie reviews with the other users, This helps other users to decide whether they should watch the movie or not.
Nearly at present the app itself has over 380M Reviews,which reviews has no access to content providers, So with this Contents Protocol the content providers can get access to the users reviews and can produce the content accordingly to the users.
Using this contents protocol the reviewers can also get paid in CPT coins.
CPT
CPT is the basic type of token in the ecosystem. It can be used as the “data usage fee” for all kinds of data provided in the ecosystem. For example, content providers would pay with CPT to access the consuming data provided by the consuming platforms. Then, a certain portion of the CPT paid by the content providers will be allocated to the consumers as their compensation for creating such data on the platforms. When the consumers are compensated with CPT, they can use it to purchase content on the platforms. The CPT used to pay for a specific content will be distributed back to the consuming platform and the content provider. This is how CPT circulates within the ecosystem.
CP Power
CP Power is a special form of CPT and it can be converted from CPT on a 1:1 ratio. Consumers can “activate” a certain amount of CP Power to boost their compensation, and content providers can “activate” a certain amount of CP Power to advertise their content on a platform.
Conversion between CPT and CP Power
The conversion ratio is 1:1. CPT can be converted to CP Power immediately, and it takes 4 weeks to convert CP Power back to CPT.
It has a marvelous team where all the advisory team is from very reputed projects.
The Main core team was as follows:
Taehoon Park, CEO and co-founder –
CEO of WATCHA since 2011.
Previously Worked as an game programmer at Nexon.
Alex Jihyun Won, COO and co-founder –
COO of WATCHA since 2011.
Previously Worked as an Co-Founder at Onepiece.
Teddy Taehyun Lee, Lead Mobile Developer -
He is an developer on Maple-story for the Taiwan and HK branches.
The target users for Contents Protocol are the content consumers and producers, which are mostly millennial from South Korea and Japan. They are the most receptive of the use of cryptocurrency. Coupled with the large user base of WATCHA, we believe that Contents Protocol has a good chance to succeed.
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Author: eugeney
Link: https://bitcointalk.org/index.php?action=profile;u=834514
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