This write up you are about reading will bridge two worlds which are the world of the adult movie industry and the crypto world. The industry of moving image generally has existed for over a century and the technology employed in capturing and displaying moving images is rapidly evolving, due to this today viewers buy tickets to see a movie or purchase rights to view a pay per view event as some industries such as the wrestling and boxing in sports has largely been benefactors of such actions. Content producers and distributors from satellite and cable providers such as Spectrum, DirecTV, Comcast, DSTV to large communications enterprises like Verizon and AT&T all forecast revenues based on how many paying viewers they are able to attract.
Even the rise of internet could do nothing to alter this 100 year old revenue model that has formed the basis for generation of revenue across all video content categories, where content producers pay advertisers to attract viewers to pay and watch it. Today, the ad-supported free viewing model is the Internet industry standard. However, there are three major problems with this model in its current state:
• More often it involves the advertiser paying an advertising network and then the advertising network in turn paying the agent of the content producer, before the revenue eventually goes down to the content producer. One predominant issue is that each of these middle parties take a cut along the way.
• Since the viewer doesn’t pay for content on Tube sites, advertisers are able to control which content gets sponsored. The advertiser control which content is made available for free. The viewer can watch free content, but the issue is that the curation process does not capture the viewer’s specific taste and desires.
• There is limited user engagement: it was easier to get users to pay to watch adult content when it was limited online but due to increased availability it was easy to provide content for free with supporting ads and banners, pop ups and pop unders. However, the “watch for free” system has led to saturation of the market with low quality content.
Authentic viewer attention is the most valuable resource in the adult industry. With so many adult websites to choose from (over 150,000 worldwide according to AVN and XBIZ), competition for viewer attention is fierce. This is what Vice industry is here to solve.
HOW DOES VICE INDUSTRY FUNCTION DIFFERENTLY?
Regular websites leave content vulnerable to piracy and theft, this simply means that content creators rarely or never get paid based on real views of their content. Rather content on the vice industry network can be tagged allowing any use or re-use of the content result in the original creators being paid as micro-payments can also be made to performers, Vice industry indeed is the revolution.
HOW DOES CONTENT TRACKING WORK
Content is tagged with metadata to enable us to identify ownership. This enables us to correctly identify and pay the original content creator even if content is mashed up or used without permission. We can tag the content directly to ensure micropayments to performers as well such are the power of the VIT.
ViceToken.com is designed to re-center monetization of free adult content around the specific desires of the viewer. We created a decentralized cryptographic token distribution platform that rewards each stakeholder in the adult content industry by capturing genuine viewer engagement with adult content. This ability to capture authentic user engagement at the point of interaction forms the basis of the emerging “Attention Economy”, in what has come to be called “proof of brain” technology. ViceToken.com awards tokens, called “VIT”, to each stakeholder in the adult content distribution transaction chain. We trademarked the phrase “Get Paid To Watch Porn” to emphasize the benefit of the VIT platform for adult content viewers.
VICE INDUSTRY TOKEN
The VIT protocol’s unique feature is the creation and distribution of tokens to all stakeholders in the adult content industry that serve both as proof of engagement with content (the data that matters most to adult website operators) and a mechanism for payment. VIT ledger records granular user behavior such as likes, social activity, up votes, comments and content preferences as valuable transaction metadata.
To support the VIT launch, ViceToken.com’s adult content partners and website operators will embed support for VIT on their websites, and will honor VIT as a means of payment for premium content , the advantage of VIT over general-use crypto-currencies such as bitcoin is that it serves as both a medium of exchange and as a means of capturing viewer engagement data in a single token. Content producers can also customize their content to meet the needs of individual porn fans via the VIT engagement optimization tool.
TOKEN SALE DISTRIBUTION
ViceToken.com will generate four billion VIT in the genesis (initial) block. We will allocate VIT as follows:
• ViceToken.com Inc: 1,000,000,000 tokens
• Content Providers, Strategic Partners, Advisors: 600,000,000 tokens
• Crowd-sale: 2,000,000,000 tokens
• STEEM Holders: 400,000,000 tokens
After initial creation of VIT, The Vice Industry Token protocol will generate and distribute additional VIT to stakeholders in an amount equal to no greater than 10% of the amount created in the genesis block in the first year after launch. The rate of generation will decrease by 1% in each additional year until the tenth year after genesis, at which point the amount of VIT will remain constant. VIT unsold after the crowd-sale will be retained by Vicetoken.com.
Crowd-sale purchasers will pay ~$0.05 of ETH per VIT, with a minimum purchase of $50 of ETH. Vice Industry Token Inc. will airdrop 400,000,000 (10%) of the genesis tokens to STEEM token holders as of block number 18,500,000 on the STEEM Block-chain. The airdrop to STEEM holders will be distributed by January 1, 2021, and possibly earlier, in a manner and time period of Vice Industry Token Inc’s choosing.
ROADMAP
• January 11, 2018: Flash whitelist sale for a purchasing a guaranteed opportunity to participate in crowd-sale.
• January 15, 2018: Flash whitelist sale for large orders with bonus (pre-sale)
• February 5, 2018: Second flash whitelist sale.
• February 20, 2018: Launch of the Vice Industry Token Crowd-sale.
• March 20, 2018: End of the Crowd-sale and distribution of ERC20 proxy Tokens.
• March 21, 2018: Launch of the VIT MainNet.
• June 28, 2018: Expiration of the Refund Contract and launch of the VIT video portal platform.
THE TEAM
• Stuart Duncan – CEO
• Kelly Holland – President
• Bill Heilmann – CSO
• Eric Helsel – CMO
• Andrey Kostin – CTO
Join this platform today and take crypto-currensy investment to a whole new realm, sign up with vice industry now and make money as you watch your adult content online. For more information check:
WEBSITE: https://vicetoken.com/
WHITEPAPER: https://vicetoken.com/static/Vice_Industry_Token_Whitepaper.pdf
TELEGRAM: https://t.me/viceindustrytoken
TWITTER: https://twitter.com/ViceToken
FACEBOOK: https://www.facebook.com/vicetoken/
Published by: teejayrichard
Ethereum wallet address: 0x937fe2c8bd616344a9Be33fDEC04 D6F15f53c20F
Bitcointalk URL: https://bitcointalk.org/inde x.php?action=profile;u=1265803
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