BuzzShow Offers an Incentive for Online Social Media Video Usage
The online video industry has grown over the years. This multibillion dollar industry boasts the best collections you can ever find. Digital video viewing has become a common online activity among a wide range of audience. Online videos accounts for close to 80% of internet traffic and 8 out 10 18-to-49 year olds watch YouTube videos every month. The high demand for online videos can be linked to the increasing usage of mobile devices which allows easy access. In the United States alone, the number of online video viewers has been projected to surpass 232 million by 2020 when mobile phone video viewers could have reached 179 million. Overall, this trend is supported by the growth of the social media, the emergence of video-on-demand corporations such as Netflix and the gaining popularity of digital video advertising among brands.
The key elements to the success of this industry are the video creators, curators, viewers and the advertisers. Online video creators make use of several online platforms to reach their audiences, the popular ones being YouTube, Vimeo and user-generated content platforms like Facebook, Twitter and Snapchat. These platforms in turn record billions of dollars in revenues, but the sad reality is that little or nothing often gets back to the creators and consumers of online video contents.
The blockchain technology has been the latest disruption the world has seen. Its application to the financial sector delivered tremendous improvements beyond imagination. For instance, funds can be sent and received within a short timeline and the excesses of middlemen which often result in exorbitant transaction fees can be avoided. With this innovation gaining ground in other sectors, “decentralization” is fast becoming popular. The blockchain technology has being identified as having the potential to revolutionize the online social media video industry and crucial to the creation of an avenue for video content creators to have total control over their contents and get a commensurate share of the revenue alongside the viewers.
BuzzShow is a fully developed reward-based online video social media platform that allows creators, curators and viewers of online videos to contribute and earn for their activities. The BuzzShow platform is alpha tested with over 15000 users, 2000 channels and is being implemented with a utility token. The platform is set to be truly decentralized with third generation blockchain technology which will incorporate storage via the IPFS (Inter Planetary File Sharing). This will also add an extra layer of security and reduce bandwidth costs to the barest minimum. Users of the BuzzShow platform can earn “Goldies,” the utility tokens for every activity with the rewards accruing to them via a proof of contribution mechanism.
The decentralized BuzzShow infrastructure will comprise of both EOS.IO software and filecoin which enables the deployment of decentralized applications and file storage respectively. Also, the utility token is an ERC20 token based on the Ethereum platform developed with Solidity.
BuzzShow is set to launch its token sales, which will enable its full potential as a reward-based social media platform. Meanwhile, the bounty and signature campaigns will be launched in the coming week. To check out BuzzShow, visit and register on our platform at BuzzShow.com/tokensale to be part of our pre-sale bonuses.
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