INTRODUCTION
When we talk about fun and excitement, then you know that we are referring to the entertainment industry. Based on scientific research, it was discovered that people who are always happy do live longer than the sad ones. As a result of this, everyone wants to be happy and thus they embrace the entertainment industry, because this industry is full of fun and excitement. And also, according to Google, the internal revenue of this industry in 2017 is about 616 billion USD and it is expected to scale higher by the end of 2018. However, the customers of this industry have some challenges with some setups within the industry. For example, the theatre has a fatigue movie sequence which hinders the users from enjoying their desired movies on time. Due to the challenges, Slate has come up with solutions to solve these challenges.
BRIEF DESCRIPTION OF SLATE
This platform created a system that will recreate the entertainment sector through the utilization of the blockchain tech. This system provides simplicity and accountability lacking in the sector. Slate also makes it simpler and easier to purchase movies you love at any moment of time. This system encourages transparent incentives among the producers, developers and the marketers. The developers will be rewarded greatly and the users will also get access to a high level of entertainment.
THE GLARING CHALLENGES IN THE ENTERTAINMENT INDUSTRY
The industry has come across many problems in recent times. One of the most glaring challenges is the effect of subscription video on demand (SVOD). Organizations such as Netflix and others has led to the use of cables to deliver quality entertainment. However, the use of cable only rely on the efficiency of the internet and we wouldn't want to be watching a scary movie and it just got stopped on the scariest part of the movie as a result of the internet. Furthermore, the Bloomberg news also reported that the major factor that leads to the drop in theatre population is as a result of a weak line up of cinemas.
The streaming of videos today requires a lot of cost to the service providers of the video content. This will not be exposed to the world but it is true. The content service providers pay a lot of cash to the Internet providers based on the bandwidth used.
THE LASTING SOLUTION OF SLATE TO THESE PROBLEMS.
In order to provide long-lasting solutions to the problems facing the entertainment industry, Slate introduced Binge and Slatix.
Binge is a streaming media network based on blockchain tech. Slatix is a decentralized solution setup by Slate for purchasing tickets to entertainment events like concerts, movies, sport events etc.
This project brings transparency and simplicity to the entertainment industry, and thereby providing tangible revenues to the content providers and the developers in the entertainment industry.
SLATE CURRENCY TOKEN INFORMATION
Token ticker: SLX
Platform: Slatechain
Type: ERC20
PreICO price: 1 SLX = 0.20 USD
Price in ICO: 1 SLX = 0.27 USD
Tokens for sale: 456 000 000
Min. investment: 500 USD
Accepting: BTC, ETH, LTC
Distributed in ICO: 48%
Soft cap: 20 000 000 USD
Hard cap: 100 000 000 USD
Preview of token distribution :
TAKE A LOOK AT THE DEVOTED TEAM:
PARTNERS
Conclusion
This system seeks to become the highest video demand system in the world. With the amazing features of this system and the great team behind it, I am highly optimistic that this project is going to thrive.
FOR MORE INSIGHT ABOUT SLATE PROJECT, VISIT THE LINKS BELOW :
website : https://www.slate.io/
Telegram: https://t.me/Slate
Twitter : https://twitter.com/slatecurrency
Discord: https://discord.gg/ENuwHH5
Facebook : https://m.facebook.com/slatecurrency
Github: https://github.com/slatecurrency
Writer's bitcointalk username : deodivine1
Writer's bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292