DIY Tube Video Community pays everyone for activities in DIYT Coins which were minted on an ERC20 contract on the Ethereum blockchain.
DIY Tube Video Community was formed back in November 2017 as a backup plan for my own videos. I have a main YT site with over 100,000 subscribers and nearly 2,000 videos. Plus I have two smaller channels on YT as well. Since they were reducing payments to content creators for two years now, I felt that soon something bad was going to happen. But once I had a video site going, I realized I could let everyone share videos on the site. I had originally planned to run advertising and share 50% of ad revenue with members. But in order to get ads going you need a lot of traffic on your site and a lot of time behind you. I had neither and funds were running out.
Not long after, I started to study blockchains and solidity contracts. The idea was forming to mint my own coins for payment to members on the website. This overcomes a few obstacles. One is the mega reduction in accounting because cryptocurrency can be paid in all countries. Fiat currency would have to be paid in the different currencies for every country. The other problem would be the taxes and earnings statements to send out every year to members around the world.
In late February YT announced that they were removing partner privileges and payment to hundreds of thousands of smaller channels. My smaller channel took a hit as well. After working for free to earn partner privileges, they took it away again and set the standards even higher. They said it was to protect the community from harassment and spam. This was a huge slap in the face since I have been drowning under harassment from trolls for years on YT.
I found an investor to help get this site going and pick up all the hundreds of thousands of channels that youtube just slapped in the face and demonetized. Not long after, we also had our developer locked in and we were moving fast.
In early March I minted 249,500,000 DIYT Coins for use as payment to DIY Tube Video Community members. The number was chosen after careful study of the largest successful coins and their values. DIYT Coin was meant to be used as payment to community members so it had to have enough value but yet give us enough coins to go around. The Ethereum network was chosen based on a couple things. First, it is the number two coin in the world which means it is stable and here to stay. Second is the ERC20 contracts. And third is the awesome fact that ERC20 tokens are full compatible with existing Ether wallets. This means trading coins is easy.
Each partner gets 500,000 coins to hold onto for their potential investment value. A few million coins were given out to community members, family, friends and used as rewards for helping out the team.
Another 2 million coins are reserved as rewards for DIY Tube Community members who upload their first 10 videos or get their first 100 subscribers.
And now we are offering 40 million coins during our ICO from May 1 to June 15, 2018.
The idea is to raise enough funds to get DIYT Coins listed on the major exchanges, continue development of DIY Tube Video site, build our own blockchain and for promotion of the community. Plus we have ongoing costs we have to cover.
I had studied long and hard about how to make a successful coin. I learned that the best way is to build up community first and then issue the coin second. And that is exactly what we did. We built up the DIY Tube Video Community first and then minted the coins second. Next we set up an internal, virtual wallet inside the community and set up automatic payments. Members are paid every 24 hours for activities on the website. Members are paid for video views and thumbs up on their videos. Those who post comments get paid as well for their comments and thumbs up on them. If you post a comment today, you will see your earnings increase tomorrow. That is pretty cool and nearly real time payments. Everyone earns on DIY Tube Video Community. We felt it was only fair to offer everyone a reward for their involvement on DIY Tube.
You can visit DIY Tube Video Community where everyone gets paid for doing what they enjoy:
http://www.diytube.videoRead our whitepaper with all details about DIY Tube and DIYT Coin:
http://www.diytubecoin.com/assets/DIYTube-WhitePaper.pdfRead our coin sale terms and conditions:
http://www.diytubecoin.com/assets/DIYT-Crowdsale-Terms-and-Conditions.pdfVisit DIYT Coin website:
http://www.diytubecoin.comAnd read our blog here:
http://www.diytube.infoOn the bottom of the coin site you can find all our social media links.
I must note that due to having a large YouTube channel for years now, I have a following of trolls. They will most likely follow me posting some lies about myself and my business. Please feel free to ask me anything you like.
We mean business and we aim to pay people that YT dumped on. I stand behind my word.
Troy Reid
DIY Tube Video Community