Vice Token releases WHITEPAPER
vit·@icepc68·
0.000 HBDVice Token releases WHITEPAPER
Finally the VICE token has released its' WHITEPAPERS on their site www.vice.org Some great info!! Check out VICE.ORG for the full whitepaper plus you'll see token allocation, ICO info etc Rethinking Monetization for the Vice Industry ViceToken.com wants to disrupt and rebuild the monetization of free adult content through a better understanding of adult content users, the entire Vice Industry ecosystem and what we describe in more detail below as the emerging Internet Attention Economy. Our launch into the Vice Industry will initially center around the monetization of Adult Pornography (Adult) content. Surprisingly, the bulk of revenue in the online adult pornographic industry is not generated by content. The bulk of online adult revenues are generated by traffic. 62% of today’s online adult revenue is generated by traffic. Very little of that revenue is earned by advertisers, almost none by content producers and absolutely none is given to viewers. Advertisers pay the traffic companies. Only 24% of adult revenue is actually generated from adult content, or from adult content affiliated websites and programs. The remainder of adult revenue is generated from webcam shows, and the sale of merchandise such as lubes and toys. What does a new monetization model for the Vice Industry look like? Our solution to this problem is to offer a cryptocurrency token for the Vice Industry that rewards all aspects of engagement in the newly emerging Attention Economy. Built on the same base technology that powers the Steem blockchain, tokens are generated as a direct result of user engagement on a “proof of brain” basis. Our token efficiently captures the attention of viewers by paying them through the blockchain in a tokenized transaction where all 5 parties are rewarded for participating. We registered the trademark “Get Paid To Watch Porn” to emphasize this fact. By utilizing our blockchain, any viewer earns tokens for watching, any video producer earns tokens for creating content, and any content curator earns tokens for streamlining the identification of relevant content to the most important party in this equation; the viewer. It cannot be emphasized enough that the viewer (and more importantly, their attention) is the star of the show especially in the context of online adult video and adult tube sites. With so many adult websites to choose from (over 150,000 worldwide according to AVN and XBIZ), there are only so many websites a viewer can give their attention to. With 24 hours in a day, and only a fraction of those hours available for a person to watch video, there is only so much human attention that can be given to adult video content of any kind, on any website. We understand that free content is no longer good enough to attract viewers since it’s widely available everywhere. Anybody can offer free ad-supported content and “Free” is no longer a unique value proposition. What we have created with the Vice Industry Token is an entirely new and completely disruptive, revolutionary incentive to engage viewers pay content producers and pay curators or distributors of content using the Vice Industry Token blockchain. Using tokens, everybody gets paid, including the viewer.