OnLive is a project that's designed to use the blockchain platform to enable live streaming and remote consultation. The project will rely on the blockchain to create a peer-to-peer network that will be decentralized, scalable, and have unlimited availability. The project will be guided by the market's supply and demand of consultation and live streaming services. Unlike the current setup where users access tutorials from independent multiple platforms, OnLive will provide a single platform for distributing content, and smart contracts to ensure fair use of services. In this On Live ICO Review, we are going to look at how Onlive stands out from other online content providers.
Why Use Blockchain Technology in Live Broadcast Tutorials
Using the blockchain technology allows content providers to reach an individual or broadcast to multiple users. That gives the content provider more control over the way they will distribute their content, as well as professional exposure. OnLive makes content delivery more flexible in terms of cost, privacy, and confidentiality.
It brings industry specialist and users to the same platform. It allows you to get the same services that you would have gotten by visiting an industry specialist in their office to get a professional opinion. The only difference is you pay less, save time, and the consultation process happens conveniently for both the specialist and you the user.
Advantages of Using Blackchain Based OnLive Platform
- Professionals have the option to broadcast their content or offer a one-to-one stream when delivering their content.
- Users can do a similar thing and select to join a live broadcast from a specialist or choose to book for a one-to-one video engagement with a certain specialist, after viewing the public broadcast.
- Users can provide their own content to earn tokens, which they can use later to watch lectures, concerts, and broadcasts from other content providers.
Features
Private Sessions Marketplace -Users are able to reserve private meetings with professionals in an open and decentralized marketplace. That eliminates the need to make frequent visits to a physical office for a private consultation.
Live Broadcast - Users can easily access public broadcasts through different channels of experts, which are provided on a decentralized platform. The decentralization makes it affordable for both the service providers and users.
Transcoding and Relay Node - It works like cryptocurrency mining wherein users can earn OTN tokens by lending the computing power of their computer to help to confirm the transactions on the platform.
Pay Per View - It is applicable to the public broadcast feature where every user should pay ONL Tokens as a ticket to join the live streaming.
Pay per Minute - Users will pay for every minute of the show or video they view, which is great for events such as lectures consultations. They don't need to pay for content that they don't find useful, and therefore they can choose to skip.
Subscription Plans - Content creators will be paid when users who have subscribed to their service or content view it. Subscriptions plans will be suitable for users accessing tutorials or on-demand content.
Tips or Donations - Apart from paying what has been agreed upon on the smart contracts, users are free to pay a tip or donate to content creators.
Advertising - Broadcasters will be able to create their own ads and earn by broadcasting it to the network.
Potential of the OnLive
One of the things that have spurred the growth of video content online is flexibility. Unlike in the traditional TV setup where users didn't have an option to choose what a particular channel offered, sites such as YouTube, and Netflix have revolutionized video content by providing flexibility on the way content is created, distributed, and paid for. OnLive will provide a live streaming platform that offers content distribution services unmatched by other sites, and still provide valuable, affordable, consultation and entertainment content.
Why Should You Invest in the OnLive ICO?
The OnLive is going to be one of the leading providers of content in the future. That will guarantee the demand for its tokens. As more professionals in industries such as health, education, and finance choose to use it to distribute their professional content and get paid in OnLive Tokens (ONL), the value of ONL will rise accordingly. While it's not possible to predict the rate at which it will do so, that fact that its value is backed by useful services is enough reason to be optimistic about its future value.
The total supply of the OnLive Tokens is 111 Million, of which 55% or 61.05 million will be on sale during its ICO and 11% or 12.21 million tokens in the Pre-ICO. That will bring the total number of tokens available during the crowdsale to 73,270,000 tokens. When you take into account that global streaming market for live services was $30.9 billion in 2015, and is projected to grow to $123.2 billion in 2024, it becomes clear that there is huge room for OnLive's growth.
What is the use of ONL Tokens?
The ONL Tokens will be used as utility token in the OnLive platform. It will also be the only payment option inside the platform. In this way, the ONL Tokens will be utilized at a maximum potential making its value more valuable and ensuring the price grow of the token.
The Team Behind OnLive
The OnLive team works continuously to develop its technology for video, voice, convenient billing, communication between participants, and file sharing. Moreover, the OnLive code can be tailored to meet needs of different industries.
OnLive was founded by Chris Rybka, and he has more than 15 years of experience in the IT and Telecommunication industries. He has been able to establish and oversee companies within the telecommunications industry, real estate, IT, industrial and financial sectors. He has also served on the board of directors for over 30 international companies. He leads the team of 14 OnLive members.
The OnLive Team's CEO is Daniel Bayer, a pharmacoeconomics with a law and marketing degree, as well as an MA in civil law. He is highly experienced in business development having worked with multiple business contacts across Poland.
Conclusion
Overall, there are a few cryptocurrencies or tokens with a backing of a sound technology, as is the case with OnLive ONL. With its backing of intellectual assets and reliable team, the OnLive platform's demand will continue to rise for years because its services are in line with expectations of all stakeholders, which is to support content delivery in a way that benefits everybody and is fair to all. We hope that you found this review to be informative, and you now know what to expect from OnLive platform, and why you should invest in it.
Useful Links
Website: https://on.live/
Telegram Community: https://t.me/OnLive
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=2738965.0