Monvid is a project that is promising to enhance access to video streaming services by using Blockchain technology to overcome challenges like restrictions, filters, and censorship, common in the sector. It will now be possible to access online videos, movies, series, or television online regardless of geographical location.
Token symbol: MVID token
ICO Main sale date: second quarter of 2018
Price per token: 1 MVID = 0.00005 ETH = $0.03
Total tokens available: 200M MVID tokens
Soft Cap: $500,000
Hard Cap: $5,000,000
Problems In The Current Streaming Sector
It’s no secret that subscribing to video and TV streaming services is expensive. It becomes even more frustrating when you travel to a different region and discover such content is restricted hence inaccessible. The use of Blockchain technology will enable the system to be decentralized thereby bypassing restrictions and censorship in different places.
The film producers and promoters under the current system only target the local country or territory when selling their films. They overlook underdeveloped countries mainly due to the high risk – low reward offered in these regions. The use of decentralized Blockchain technology in the Monvid project will enhance the accessibility of content in both the developed and underdeveloped countries.
Currently, subscribers pay the same amount for both high quality and low-quality movies. Most online video and streaming companies only consider the time of release when pricing, with the most recent movies being more expensive. Monvid, however, promises to change this by ensuring that content creators remain the sole owners their content and not the streaming companies. The more a content is watched, the more the owner earns.
Why Monvid Is Better Than Its Competitors
Monvid is entering a market with some strong competitors such as Sky, Netflix, Amazon Prime, and Youtube. However, some factors give Monvid advantage over its competitors. These factors are as discussed below.
In many underdeveloped countries, there is a low usage of bank accounts or credit cards hence limiting access to streaming services. There has also been an attempt by some companies to restrict accessibility of some films on their platforms. Monvid is promising to provide freedom of movie streaming and enhance its accessibility in different countries.
The current market is a centralized platform that allows users to pay a subscription fee without giving them any say in the amount they pay. However, Monvid will let the content creators share their content for free and allow the users to access the content at a much lower price. The users will also rate the content based on quality.
One of the most frustrating things with the current online video service providers is the advertisements that keep distracting the users. The users will have a better experience while watching at Monvid, as there will be no advertisements on the platform.
Monvid will give content creators full control of their content. This will allow them to enjoy more financial benefits than before. This is unlike in the tradition video streaming platform where they have no control.
Monvid In Social Media
Those wishing to learn more about the project can follow them on Twitter and Telegram. If you have any question about the project, you can engage the sales agents there, as they are very responsive. Social media has provided a reliable platform for advertising the project.
Monvid project is expected to gain popularity among online video, movies, series, and television users, as it will enhance their experience. Investing in the project is advisable as both the content creators and users will enjoy many benefits.
Username Bitcointalk: ICO Reign