What are VibraVid and BeatzCoin?
VibraVid is here to change the way consumers interact with digital content, while increasing the revenue potential of content creators. VibraVid is a free P2P/peer-to-peer desktop and mobile streaming application that enables users to view and listen to content created by video and audio creators. VibraVid is a platform for creators to upload, store, market, lease and sell their content to users with the added benefits of being able to crowdfund and sell merchandise and event tickets directly to their subscribers and fans. BeatzCoin is a cryptocurrency which is the exchange of value on the VibraVid platform. Together, VibraVid and BeatzCoin provide an ecosystem that allows creators and users a means of exchange, peer-to-peer, for goods, services, through bounties, and as prizes. Both, users and creators, are rewarded for their participation by receiving BeatzCoin, which they can use to purchase content, fan merchandise and event tickets, as well as to promote their own content.
Which problems are VibraVid and BeatzCoin solving and how?
Over 600,000 hours of video content and 18,000 hours of music is uploaded to the major free streaming services on the web daily for consumers to view and listen to 1. This makes it incredibly difficult for an emerging creator to be noticed. Creating high quality content requires time and resources, as does content marketing. A paradoxical situation arises wherein the creator is forced to forsake production in favor of marketing and advertising. Instead of using time and talent to produce creative works, the creator becomes a marketer, resulting in a massive amount of low quality content made available to users, who, in turn, lose interest. The most successful creators earn a minority share of revenue from the platforms they upload their content to. VibraVid feels that this is an unfair business model and our platform seeks to change the status quo in favor of content creators and users by incentivizing them to create and enjoy quality content.We believe that this not only will allow more creators to start making new and independent content, but will also allow them to generate a fair income that is truly based on the popularity of their content.
The Solution: With BeatzCoin at the center of VibraVid, we are able to offer both users and creators a new way of earning money for creating, watching, or listening to what they love. While advertising is not a thing of the past, we believe that users should be able to decide if they want to view adverts, and creators should be able to decide whether, and how frequently, advertisements are displayed during the duration of their content.
Some of the ways VibraVid users will earn BeatzCoin are:
1. Signing up to the VibraVid platform.
2. Locking their tokens.
3. Participating in bounties.
4. Opting to watch paid to view (PTV) advertisements.
5. Competing in daily and weekly challenges.
Some of the ways creators on theVibraVid platform will earn BeatzCoin are:
1. Having their content watched or listened to.
2. Having the most views in a selected period.
3. Allowing paid to view (PTV) advertisements on their content.
4. Receiving tips from viewers.
5. Crowdfunding on our platform.
Technology and Security
We will make use of the BitTorrent Protocol. Under this protocol, the transfer of large and highly demanded files will be facilitated without the use of a centralized server. BitTorrent allows for files to be shared and accessed by many distributed devices. These files will be accessed by referencing cryptographic hashes (info hashes) which verify each piece of data that is being transferred. These info hashes are assigned upon upload to the VibraVid platform, from here the files are distributed amongst users and are tracked via a BitTorrent distributed database of peers.
VibraVid chose to use IPFS for a number of reasons:
1. Due to nodes on the network, space is plentiful
2. A Tron based protocol aligns with the VibraVid vision.
3. Larger files can be automatically split into chunks
4. Fast Bandwidth Speeds.
5. BitTorrent is a proven decentralized protocol with over 1 billion users worldwide.
6. VibraVid users will not only receive incentivization in the form of BeatzCoin but will also be rewarded for sharing files via BitTorrent in the form of BTT (if they choose to).
VibraVid acknowledges one potential issue:
• The possibility to steal content from the site using 3rd party plug-in applications. VibraVid will embed all video, audio, and image files directly on to the site. This will prevent users from simply right-clicking and download any of the content within the site. The team is continuing to research MusicTrace Watermark embedding as well as hidden video watermarking to be used on the VibraVid platform to combat unauthorized downloading.
Lastly, VibraVid is an advocate of free speech without censorship, however, there is also the concern of illicit materials such as pirated content or pornography making its way into the network. The team will monitor content to ensure that these materials do not get uploaded to the platform, however, should they be uploaded, we will blacklist the hash for any of these videos, making it irretrievable. VibraVid plans for further decentralization by implementing consensus-based reviews of posted material. This will allow the community to determine what is not safe for viewing.
BeatzCoinomics
VibraVid has created 3,000,000,000 (3 billion) BeatzCoin. From these tokens, 6% is allocated to the Preliminary Token Trading Event, and 40% will be allocated to the Main Token Trading Event. The VibraVid Team will be allocated 18% of the total supply, which will be locked for a period of 18 months. 6% will be allocated to Bounties and Airdrops, and 15% will be used for marketing and further development. VibraVid will hold onto the remaining 15%, which will be locked until January 1, 2020, and used for future funding and our POLS system.
Thus far, PreICO phase was sold out during Q4 2018. Successful flash sale on TronWallet.me with over 10 Million coins sold @ 0.5 TRX and a successful 2 round IEO on Probit with BTZC at 0.02USD! BeatzCoin will be traded until the end of the year on Trontrade.io, Probit exchange along with HitBTC!
Ensuring Decentralization
In an effort to protect the integrity of the VibraVid platform and prevent Beatzcoin price manipulation, we’ll take the following steps:
1. All unsold tokens offered during the sale will be burnt.
2. The reserved supply of 15% will be locked until 2020.
3. 67% of the tokens will be distributed to the community through airdrops, sales or as payments for services.
Meet the Beatzcoin Team, which combines a passion for the digital content, industry expertise & proven track record in finance, development, marketing & licensing.
