On.Live looks like an improved paid TV network. This is a new step in the development of social networks and video messengers.
ico·@maniecool·
0.000 HBDOn.Live looks like an improved paid TV network. This is a new step in the development of social networks and video messengers.
 The advent of blockchain technology allowed to take a fresh look at many familiar things. And from this perspective, the prospects of their development or the creation of entirely new previously unavailable areas were opened. The presesale of the project On.Live takes place right now. This is a kind of symbiosis of YouTube and a video messenger. Briefly, this is a platform that allows you to create and watch video channels, video broadcasts, including streaming video. The project uses Ethereum Virtual Machine and smart contracts. Company advantages The main advantages of the project are provided by the current prototype platform, using its own equipment for rebroadcasting and transcoding. It is now set to work with Windows and Mac. What it allows you to do, is clearly presented in the On.Live video presentation. The developers create versions for the iPhone and Android in parallel with creating a working version. The developers of the project declare the complete absence of censorship as rules. If someone does not like the content, he may not watch or re-broadcast it. But there may also be members of the community who will do it. No one has the right to control the content of the video posted on the platform. The content distributed on the On.Live Network will be encrypted, only viewers who paid for viewing, and selected transcoders will be able to get the key for decryption. On.Live assumes that many network members can raise money on the platform. One can create content, someone can participate in its distribution, and someone can provide online services by type of resources for freelancing. The commercial success of a project depends on the number of participants in the network. The global video streaming market should reach a volume of more than $ 123 billion by 2024. It is expected that it will grow by an average of 16% per year starting from 2017. On.Live aimed to occupy a niche of paid public broadcasts and teleconsultations in this market. Blockchain and smart contracts, which the platform uses, will ensure the simplicity, reliability and security of transferring funds between network members. Work principles On.Live platform active participants On the platform there are: viewers (content recipients); creators, they are, as a rule, broadcasters; recoders that convert one video format to another, with the provision of declared quality; rebroadcasters that create translation scaling; auditors (specially attracted characters to resolve conflicts and disputes); consultants, narrowly focused specialists (doctors, lawyers, etc.), with whom you can create a private channel for qualified help. Each of them has its own rights and responsibilities. The viewer can choose any of the list of available channels (by the type of the program of paid television channels) or initiate a private communication channel by the content creator (consultant). The viewer can buy the view from the translator. He must pay internal tokens ONL for viewing and consulting. The viewer can evaluate the content and quality of the viewed content. If the image quality is worse than the claimed one, it can initiate a dispute. The creator puts his programs or streaming video on the On.Live network. He receives payment in ONL tokens for his product. The broadcaster indicates the cost of viewing and a brief description of the topic in its announcement. The broadcaster orders the services of the transcoder, if he deems it necessary, he also pays for the transcoding work. The recoder (transcoder) uses its own computational power to convert the signal of the broadcaster to the desired format. Any network member who has the necessary equipment and who wants to earn on this function can be a recoder. Rebroadcaster at the expense of its resources scales the network, providing good quality and speed of video. Anyone in the community can rebroadcast the video. To do this, he buys the content from the creator for ONL tokens and puts it in the list of programs for viewers. Usually the cost of video from translators is cheaper than that of broadcasters. The translation node does not convert the signal in any way, it simply distributes it. In the event of conflicts, auditors are appointed (determined by chance) who are participating in the resolution of the dispute for a fee. The consultant creates a private online channel on the user's request to help him in resolving his questions. Viewer pays the consultant internal platform tokens for this. The consultant must have a license for the type of activity that he carries out. The developers already have an agreement with a large number of specialists from the UK on cooperation with On.Live.  There is a video on the site detailing how everything is arranged in OnLive. The financial side The internal financial tool of the platform is the ONL token. It complies with the ERC-20 standard.    The issue of subscription fees is being considered, just as it was done on American paid channels. Additional revenue for broadcasters can be the attraction of advertisers. The built-in advertising support for this platform makes this task easier. The project uses smart contracts for subscription to video content and its payment, as well as an escrow system. These tools provide reliable and secure payment for services within the platform.  111 million tokens will be generated. All ONLs not sold during the initial placement will be burned. ICO investors will not receive their cryptoassets before May 11, 2018. Presale started on January 22, 2018. It will end on February 22. 12,210,000 ONL tokens will be distributed during the pre-ICO. At this time the discount is 30%. It is planned to collect 14 000 ETH on the presale. The basic ICO will begin on March 11 and end on April 11, 2018. During this period 61 050 000 ONL will be sold. Hardcap is defined as 100,000 ETH. There is a discount for investors who did not participate in the presale : the first 11 days - 20%; the next 11 days - 11%.  The funds received in the ICO process will be spent in the proportions indicated in the image below. Conclusion The economic efficiency of the project depends on the relevance of its main idea. On the one hand, On.Live looks like an improved paid TV network. But on the other hand, it seems that this is a new step in the development of social networks and video messengers. With the use of the platform, there is no need for own equipment for broadcasting and recoding of the video signal. All this can be obtained for a relatively small fee. The additional functionality of the network, which the developers call the Live Service, actually brings the teleservices to a new level. The main question is whether all the merits of the platform and their symbiosis will outweigh their disparate and, often, free analogs. Check out https://on.live/ to learn more information about the pricing, availability, and sale of On.Live and join telegram: https://t.me/OnLiveICO. ANN/Bounty threads: https://bitcointalk.org/index.php?topic=2738965.0 / https://bitcointalk.org/index.php?topic=2751766 Author : Maniecool Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1692995