Refine Medium answers the need for quality content through a democratized video content platform that prioritizes the voice of its users
Youtube is currently the 2nd most popular website according to Alexa, with daily site usage clocking in at a whopping 8 hours and 34 minutes. Combined with the indomitable use of mobile devices, this has helped catapult online video into a dominant market.
- 6 out of 10 people would rather watch online videos than television.
- By 2022, online videos will make up more than 82% of all consumer internet traffic — 15 times higher than it was in 2017.
- Viewers retain 95% of a message when they watch it in a video, compared to 10% when reading it in text.
Unfortunately, the majority of video content relies solely on channel reach, viewer count, and other superficial metrics to determine popularity and visibility.
Creative entrepreneurs and other video content creators also find themselves at an impasse, as quality, pain-staking work rarely equates to commensurate compensation as achieving the requisite exposure is a challenge in itself.
Media by the people, for the people
Refine Medium incorporates the key elements of blockchain technology in order to develop a platform capable of promoting a wide variety of engaging, entertaining video content while simultaneously providing a minimally intrusive environment and incentives for users as they play an invaluable role in maintaining the integrity and development of the ecosystem.
Qualified users can serve as copyright moderators who maintain the legitimacy of all video content posted on the platform while also helping to promote quality pieces similar to that of an influencer role. These communally selected moderators will simultaneously act as curators and influencers, as they will have the ultimate say on content approval and sharing.
A minimum of 30% moderator consensus is required for content approval with substantiated reasoning being publicly shared following the rejection of a particular submission so as to prevent any bias or indiscriminate judgement.
A diamond in the rough
Refme (Refer me) is a unique system that is used to share the cream of the crop video content handpicked by moderators across various genres, allowing content creators to gain enhanced exposure while moderators are rewarded for selecting quality, deserving pieces.
Users can also pitch original content ideas directly to moderators and upon approval, these users will be put in touch with an appropriate content creator in the specific genre to flesh out the vision into a video content piece. This unique function is a welcome addition for innovators lacking the technical know-how to push an idea through while rewarding both parties through revenue sharing.
Best of all, content creators, innovators, and moderators can all earn XRM for their efforts while also enriching Refine Medium’s content offerings.
Full speed ahead
Efficient storage and distribution are secured through the IPFS protocol which incorporates a P2P sharing mechanism for equal load distribution among multiple nodes. This feature will also ensure that content is accessible 24/7 through a unique hash.
ETH will be mined by the sliver of computational output that is consumed when users are watching videos on the platform and will be used to reward node hosts which will ensure a constant ecosystem for sharing and hosting for a wide variety of visual, stimulating content.
XRM tokens are essential to the platform as it will serve as the reward currency on the platform. They also used to bid on “data boost,” which will contain enhanced insights on video watching statistics such as user trends, preferences, and activity.
Refine Medium has recently launched an MVP which provides a crisp preview of how the platform delivers an incentive-based, fully democratized video content platform to empower video content creators, viewers, and moderators in their quest to establish a truly content-centered video rendering destination.
Join in on the IEO on July 10: https://www.probit.com/en-us/ieo/xrm-round1/0
