Refine Medium is a decentralized media platform providing authentic and high-quality video content. It is based on Ethereum technology, designed to allow viewers, creators and innovators of the platform to connect through smart contracts based on the blockchain. A one-of-a-kind platform that will encourage each member to contribute to the platform.
$ 2 trillion industry
The entertainment and media industry generates over $ 2 trillion in annual revenue worldwide. In addition, half of the world's population is watching videos online. Studies show that over 82% of global Internet traffic is used for video and audio.
Developing and media companies around the world are increasingly suffering from a decline in public confidence. Therefore, Refine Medium believes that trust is a vital tool for attracting participants and maintaining the ecosystem in the future.
Ecosystem based on trust
Refine Medium platform built on 5 pillars
content trust - copyright protection mechanisms. Video can be downloaded only for
pay, so content creators are rewarded for their work.
Audience confidence - the platform makes it easier to combat the phenomena of social networks.
information trust - real and visual statistics showing the balance of efforts and benefits.
trust token - spread through proven smart contracts
credibility of the ecosystem - moderators are chosen by the community and are rewarded according to their work. If their activities are not assessed, they can be removed from the function based on user votes.
How does it work
The Refine Medium interface is very intuitive and makes it easy to view, download and rate videos. It is based on the principle of decentralization, and videos are downloaded only when they receive a certain number of votes. There are moderators in the network who vote for the video, and subsequent evaluations reward content creators.
The application will have the following main functions:
24/7 streaming video and simple download
Automatic rewards through smart contracts
Specify the average wallet
Transparent and secure transactions with the XRM token
Videos uploaded to the platform use the IPFS protocol. This allows you to store files in a distributed network without a central authority or central server. IPFS is a peer-to-peer protocol, where each node stores a collection of hashed files.
Files that store files are not known in IPFS. File access is strictly based on hash. To prevent unauthorized access to the data or abuse of its own IPFS nodes, the stored data will be fully encrypted.
Each user who views the clips will donate a small amount of computing power to Ethereum. They will be rewarded with cryptocurrencies for placing content for longer periods. Refine Medium is self-supporting. As more and more users use the platform, more computing power will be available. The more it grows, the more there is an incentive for site owners to store more data.
ICO Refine Medium
The project will be launched in three stages:
The stage of private sale will be held from May 25, 2019 to June 15, 2019. 15 million XRM tokens will be available. During this time, a beta version of the application will also be released.
The pre-sale period will be 06/25/2019-15.07.2019, when 30 million tokens will be put up for sale.
The actual ICO will take place on 07/25/2019–30.09.2019, when 150 million tokens will be sold.
The project accepts ETH, BTC, BCH and XRP, and ICO members should not undergo KYC checks. ICO aims to achieve a stiff head of 170,000 ETH.
The Refine Medium promotion will be implemented through a reward system hosted on Bountyhive.io.
Refine Limited is registered in Hong Kong. The team consists of blockchain experts, mainly from India.
Refine Medium team is a project prepared by expert web designers, blockchain developers and finance experts. Team members are listed below.
Telegram (Grup): https://t.me/joinchat/Gd45-BKEzwRk9YsbmDmgcg
Telegram (Kanal): https://t.me/refinemedium
Author : Bitcoin demon