Viuly aims to change the multi-billion dollar market of online video through blockchain-based decentralization.
ZUG, Switzerland, September 20, 2017 (Newswire.com) - Multimedia development company Viuly is pleased to announce the world’s first blockchain-based decentralized video sharing platform. Founded by a team with established credentials in corporate management, blockchain business development, marketing, promotional strategy, and more, and backed by a seasoned fintech advisory: Viuly is on a mission to revolutionize the online video industry. To realise this vision, Viuly will launch a crowdsale, kicking off with a pre-ICO on Oct. 1, 2017. For more information on Viuly’s mission and development roadmap, visit the Viuly website and read the official Viuly whitepaper here.
Today’s Global Video Sharing Industry
Each day, people worldwide watch hundreds of millions of videos shared on major hosting platforms such as Vimeo and YouTube. YouTube alone has more than 1 billion users – that’s a third of all people online.
It is a consumer-oriented industry that continues to grow, with video now accounting for two-thirds of all Internet traffic according to Cisco*. Research firm Forrester estimated that one minute of good video is worth $1.8 million in terms of marketing pull.
Advertising revenue for online video runs into hundreds of billions of dollars. Centralized video sharing platforms keep the lions share, taking from 50% to 60% of ad revenue. Simply put, authors earn a paltry sum for creating videos, while users get nothing.
Viuly’s Solution: Blockchain Based Decentralized Video Sharing
Viuly believes that it is time for a blockchain based, decentralized video sharing economy that rewards all participants. Through Viuly’s platform, authors are paid up to 65% of ad revenue and users are rewarded with 25%.
Viuly is the first video platform in the world to pay users to watch free videos.
Viuly’s blockchain based video sharing platform is fully decentralized and has no single point of failure. The platform is built on the IPFS protocol, which allows storing files in a distributed network without a shared control center. Anyone in the world can use the extra space on their hard disk to store videos uploaded to Viuly and be rewarded VIU tokens for this.
There are up to four possible income streams available for video uploaders. Content creators can publish free videos and receive VIU donations, earn 65% from the ad revenues, sell their premium content on a per-view basis, or make their video channel subscription-based, where subscribers pay VIU tokens to access the author's videos. Up to 90% can be earned from pay-per-view, subscriptions, and donations.
With Viuly’s accurate, transparent and blockchain auditable viewer statistics, advertisers reduce fraud viewing. This translates to a more efficient marketing campaign.
Viuly users enjoy the freedoms of decentralization – zero censorship, zero content restriction, zero video blocking. If content is flagged as a potential violation of common standards by the community, an alert is sent to moderators, who are randomly selected from among users with the highest ratings on the platform. If a violation is confirmed, the video is deleted and the user rating is downgraded.
Introducing The Viuly (VIU) Token and Crowdsale
VIU tokens are the tool for transferring value between advertisers, content creators, users, and people supporting the network. It is an ERC20 token issued on the Ethereum protocol to enable full transparency of payments, anonymity and decentralization necessary for Viuly’s platform.
VIU’s prospects will be associated with the growth of Viuly’s user base, which will directly influence the turnover and demand for VIU tokens. A marketplace for goods and services on the platform will give intrinsic value to the tokens, as only VIU tokens will be used. As no new VIU tokens will ever be created, a persistent demand for a limited resource should result in a growing value.
Viuly will launch its alpha platform from September 25th where users will be able to test out some of its functions.
Until the 30th of October, new users will get welcome bonuses: 50 VIU for signing up, 100 VIU for uploading their first video, and 50 VIU for referrals who register and confirm their email address.
To continue the development and launch of the world’s first decentralized video sharing platform, Viuly will conduct two crowdsales. 550 million VIUs total will be up for sale at a rate of 2000 VIU per 1 ETH. A maximum of 30 million VIU will be sold with a 40% bonus during a 3-day Pre-ICO beginning on October 1st 2017. This will be followed by the 10-day public ICO beginning on October 20th 2017, and ending on October 30th 2017.
The Team
Viuly benefits from the vast experience of its founding team, with specialists in corporate management, blockchain business, marketing development, promotional strategy and project development. It also relies on support from an established financial technology advisory.
Some of its key team members include:
Ruslan Popa, Founder and CEO
Ruslan Popa has more than 12 years of experience creating and managing IT start-ups. He has served as CEO of several payment service providers, including the likes of RuPay, Qiwi and Rompay Solutions. Popa has an excellent track record of producing quick results and high financial performance in the companies he managed. LinkedIn: linkedin.com/in/ruslanpopa
Silviya Martirosyan, CMO
Silviya Martirosyan built her reputation as a strong and creative leader, launching and promoting some 30 projects in retail, corporate and financial sectors both at federal and regional levels. Martirosyan comes with six years of experience directly managing a team of nine sector experts. With her background in business administration and strategic management, she brings strong communication skills and solid marketing acumen to Viuly. LinkedIn: linkedin.com/in/silviya-martirosyan-6b09b444
Aleksey Vasyanin, CDO
Aleksey Vasyanin spent more than a decade helping companies to create and structure their corporate profiles. As a project management expert, he helped create, structure and develop partner networks in a highly competitive telecom market. Skilled in e-commerce solutions, VAS services, financial planning and content production, Vasyanin also excelled at optimising business processes and personnel management. LinkedIn: https://www.linkedin.com/in/aleksey-vasyanin-54600048
Yuriy Chayka, Advisor
Yury Chayka delves into his rich experience as an entrepreneur and investor to help develop Viuly’s vision. He is President of the Ukrainian E-business Association, ideologist and founder of Fintech Cluster. He is also the founder of Ukraine’s first mobile wallet, MobiPay and co-founder and partner of fintech solutions provider Finovate Studio. He founded a slew of payment systems including RBKMoney, Autopay, Interkassa, MoneXy and mWallet. LinkedIn: https://www.linkedin.com/in/yuriychayka
Learn more on Viuly’s website: http://viuly.com
Read the Viuly Whitepaper: http://viuly.com/Viuly_Whitepaper.pdf
Chat with Viuly on Telegram: https://t.me/viulyofficial
Follow Viuly on Twitter: https://twitter.com/ViulyOfficial
Join Viuly on Slack: https://bit.ly/viuly-official
Like Viuly on Facebook: http://fb.me/viuly
Join the Viuly Reddit: https://reddit.com/r/viuly
Catch up with Viuly on Medium: https://medium.com/@Viuly
Viuly on Bitcointalk: https://bitcointalk.org/index.php?topic=2191252.0
Media Contact
Contact Name: Ruslan Popa
Contact: support@viuly.com
Location: Zug, Switzerland
Viuly is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Source: Viuly
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