Your project looks really promising. So if I got it right watcher will get paid for watching based on the lenght of their watching time. How much do they get per video/time?
That's correct, For the first time ever, when you see a Vidylink and hold down to watch that vidy ad, you earn money.Vidy compensates you with VidyCoin (VIDY) for each second that you hold down. The longer you hold, the more you earn. You can even make a purchase on that video using your VidyCoin with just one tap.
Sounds interesting. So how will the Video Layer know who is using it right now? Will we have to install a plug in or something in our browser?
That's a very interesting concept. I would like to see how it works and how can they guarantee that the viewer is watching the video instead of doing other things.
We show you content more likely that will be relevant to you. So you and your friend could visit that same page and hold down on a same line of text but see different ads
Still the question is open how it works. Do we have to install a plug-in or something so that the system knows who is watching and who get's what kind of reward? And how much do people get for watching?
that's something for the technical team to answer, but I'm sure they have tracking systems, like pay per view.
Advertiser X signs up to Vidy, connects their crypto wallet and shows the amount of VidyCoin that they have staked, subsequently unlocking either the Titanium, Gold, or Platinum advertising tier. The advertiser then gets access to a dashboard where they can manage their campaigns and upload their video advertisements. All uploaded video advertisements are transcribed ro determine the words said in them, and subsequently run through a convolutional neural network to segment out speakers in preparation of being embedded into corresponding text.
The advertiser then lists up to 10 keywords that embody their video advertisement, and designates the campaign dates, preferred target demographic (if available), and how much ad spend to allocate to its campaign. All ad spend is automatically credited from their VidyCoin wallet balance at the end of each day. If they are a Platinum tier advertiser, they can also designate which publishers that they prefer to advertise with, and which they prefer to avoid. When the campaign is ready, the advertiser hits the “Go Live” button and from there the consensus layer has access to advertiser X’s new video ads for adjudication on placement in available publisher inventory.
As user Z holds down on the video ad, the application layer records hold time and reports it to the data layer’s ledger for calculation of VidyCoin payout to both the publisher and the user.
The advertiser’s VidyCoin balance is subsequently credited at the end of the day based on hold time performance. The data layer also stores and processes data on which ads were held and which were skipped to then pass along to Vidy’s AI engine for further user profile precision learning.
