Blocker platform for the distribution of video content Flixxo goes to the token
The Flixxo team, which develops a decentralized platform for the distribution of video content on the basis of blocking and smart contracts, announced the holding of a token. The campaign will start on October 24, 2017 and last for 30 days.
Flixxo is an alternative to YouTube, based on blockbuster and smart contracts, which allows video creators to earn money on their own, independently setting the cost of viewing. In turn, the user can get the tools necessary for viewing by looking at the advertisement and getting Flixx tokens for it directly from the advertiser.
Subsequently, the watched video user will be able to post it to other users via the BitTorrent protocol and thereby earn additional tokens. Also tokens will be available for trading in secondary markets.
The project is developed by a group of experienced entrepreneurs and programmers, including one of the founders of Rootstock Adrian Garelik, the creator of the Popcorn Time service Federico Abad and the creator of Riecoin Pablo Garabaho.
"Flixxo is a massive paradigm shift, as the freedom of choice returns to the hands of the creators of the video and viewers," Adrian Harelik said.
Of the 300 million Flixx tokens, 30% will be available for purchase. 10% will be paid to the project team within two years, another 10% will be spent on the bounty campaign, partnership with video content creators and consultants, and the remaining 50% will be distributed through smart contracts in order to attract new users to the platform.
Within the framework of the token, participants will be offered special bonuses. So, participants of the first day will be able to purchase 5200 Flixx for 1 ETH. Until the end of the week for the same amount you can buy 5000 Flixx. After that, the number of Flixxo tokens available for 1 ETH will be reduced by 200 before the end of the token, and last week will be 4400 Flixx.
In the first quarter of 2018, the company intends to open its headquarters in Los Angeles, and in the next already plans a full-fledged launch of its service. By the end of 2018, Flixxo will integrate other video platforms.
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