SAN FRANCISCO, Feb. 02, 2018 (GLOBE NEWSWIRE/KOREA IT TIMES) -- Viewly is poised to reshape the way people view videos on their computers and mobile devices through its unique new decentralized video platform that utilizes the blockchain. The company is launching its token sale this month.
Viewly’s social video platform eliminates the ad-based revenue model and the virtual monopoly that the traditional platforms currently have on content creators.
Instead, Viewly utilizes a peer-to-peer network and smart-contract-based transactions on the blockchain. Creators can utilize fan patronage, micro-payments, sponsorships, memberships, premium content and more to monetize their content – even those with relatively small audiences.
“Ad-based video platforms are fundamentally flawed for both creators and their audiences,” said Stefan Furlan, Director of Viewly. “Only creators with large audiences can make a living off their efforts, and even then, they must give up nearly half their ad revenue; and ads often ruin the experience for viewers.”
Viewly’s token-based model allows users to support their favorite creators by pledging VIEW tokens in amounts of their own choosing. Creators may reward their most loyal viewers with access to special content and the creator’s inner circle.
The Viewly blockchain application utilizes smart contracts for sponsors and creators once they agree on pricing structure and deliverables. Payments are instant, trustless and permissionless.
“We are opening up opportunities for creators who have small, loyal audiences that don’t work within the current ad-based model,” said Furlan. “Viewly allows them to build a profitable channel without having to build an entire business.”
Viewly opens the door for creators serving unique niches that don’t command the large audiences necessary to be profitable on the ad-based mainstream platforms.
VIEW tokens will also be used to incentivize people to participate in Viewly’s peer-to-peer content delivery network. Anyone with extra storage and bandwidth capacity can run Viewly nodes that host and stream videos and be rewarded with VIEW tokens.
Viewly is currently offering a presale for large and strategically-aligned contributors, with a minimum participation level of 100 ETH and a maximum bonus of 25 percent. A proportion of tokens will be reserved for people who whitelist before February 20, with a minimum participation level of 5 ETH; these contributors will receive a bonus of 5 percent.
Viewly’s crowdsale begins February 22 and will run until a hard cap of $12 million has been reached, or until March 22.
For more information on Viewly or to download the whitepaper, visit https://view.ly/.
About Viewly
Viewly is a decentralized video platform, powered by blockchain and peer-to-peer video sharing. It eliminates the need for ads by utilizing the patronage model, allowing creators to use fan support, micro-payments, sponsorships, memberships, premium content and more to monetize their content. Viewly aims to provide sustainable revenue for all creators, not just mainstream content producers. The Viewly platform uses decentralized hosting networks built on top of peer-to-peer technology to allow anyone with extra storage capacity and bandwidth to host and stream videos. Smart contracts make for payments are instant, trustless and permissionless.
Press Contact
Frank Wolff
Uproar PR for Viewly
fwolff@uproarpr.com
321-236-0102 x237
