Happening today at,
https://singulardtv.slack.com
SNGLS rewards:"The recent small distribution of Reward to the SNGLS token holders stirred some reactions here and on our social media channels. Even though the amount of ETH send trough the Reward Contract was rather tiny and perhaps was an exchange or a wallet service such as MyEthereWallt.com testing the Contract, we already got people asking how to Withdraw the Reward.
The big question is: how would that enfold when there's larger amount distributed. When the Applications we are about to launch through the summer, autumn and winter of 2017 go live and begin generating Rewards, what would the reaction of the Community, Supporters and token holders will be?"
This is how rewards work for SingularDTV SNGLS tokens:"The SingularDTV SCS (smart contract system), has this reward functionality built-in. The reward smart contract acts like a bucket. Each time a reward (ETH) is added to it, addresses holding SNGLS at that time, can withdraw their reward proportional to the % of tokens they hold. For example, if you hold 1 000 000 SNGLS in a wallet which is 0.1% of the total amount of SNGLS in existence, you'll receive 0.1% of the total amount of ETH distributed in the Reward Contract.
If you transfer your SNGLS _after_ the reward has been issued, you can still withdraw your reward by sending a tx to the reward smart contract, calling the withdraw function from the original address. It keeps track of who is eligible for the rewards even after the transfer happens. That means as long as you have access to the wallet, or the private key of the wallet that holds your, you can benefit from the rewards. If you don't withdraw the rewards and transfer your SNGLS, you can still withdraw your reward eligible for you, from the time you had your SNGLS up until the transfer."
Hey, anyone got a sec to explain singulartv's advantage over netflix?
"That's a good question. There are quite some differences, but one of the main to be named would be the relation in between the content creators and the end user. To begin with, we need to mention that Netflix model is SVOD (Subscription Video on Demand) which basically means that you pay a monthly subscription fee and you basically watch as much as you wish. Netflix has negotiated license agreements with the TV shows, movie productions etc. With SingularDTV will be very different. There will be no intermediary who stands in between the end user, the audience and the content creator. The transactions and agreement will be p2p. That would be even more obvious in the TVOD model (Transaction Video on Demand)which also will be available on our platform. An example for TVOD is Apple Store or/and Google Play where you purchase a content. In the case of the above you do make transaction which goes to, let say Apple and then Apple (in some time in the future) pays the royalties to the artists. With SingularDTV this wont be the case. The transaction will go straight to the Wallets of the team (it could be fine tuned that each and every member of the crew can receive % of each and every transaction in a real time). The efficiency, transparency and speed will be unparalleled in what we can see in today's platforms of distribution of content. and this won't be limited to Video and movies. Not at all!
Music, books... there's literally no limit of what type of IP could and will be distributed through SingularDTV's Ecosystem. We are at the very this moment working with a number of artists and projects in relation to our upcoming launch of our initial Modules. We are looking forward to make that public once we have the Application done and security audited. It will be one very exciting Summer, Autumn and Winter for our Community, Supporters, Token Holders and the whole Ethereum Ecosystem."
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https://singulardtv.com