What Does Viewly imply?
Viewly represents a new decentralized blockchain-operated platform for keeping user-initiated video content. It focuses on patronage and single-click customers' donations to assist in the skilled developers to convert the gained popularity into earnings. The whole system comprises of content delivery network of hosting providers accommodated for keeping and delivering video content, as well as blockchain network for making monetary settlements. Typically, the providers for the content delivery network are selected taking into account the reputation system, which determines the most reliable ones and ensures the best productivity.
The platform applies no proper blockchain technology. However, it utilizes Steem for keeping video meta-data, as well as Inter Planetary File System for keeping and hosting videos of all kind. Its token system is Ethereum-based. The platform assists no external advertisements as they present an instrument for keeping watch on its viewers.
Viewly provides two methods of video uploading, which are direct uploading and YouTube synchronization. It will not be implicated into any copyright dispute and will present it to the video hosts instead.
Token System
User contributions are arranged via the internal support environment of the platform, which comprises of the view token circulation. Every interested customer possesses a donation pool by means of tokens kept in the personal wallet.
Viewly tokens are planned to be applied for payment of content hosting on the Viewly platform and will act as the default integrated currency in the platform. Only a hundred million tokens would be available and will be mined upon launching.
Modules Applied for Content Monetization
Upvoting Module - Viewly has a decentralized reward pool system, which enables every interested user to relieve tokens taking into consideration the actions involved. Upon voting for a specific video content in the system, users straightforwardly submit a portion of tokens to the initiator of that content from their own reward pools. The entire procedure, which requires a single click to execute, is quite simple compared to the advanced processes customers generally have to face when they want to provide donations. Users' commentaries are exposed to upvotes that could motivate the involved person's actions and data exchange.
Payment for View Module - The platform gives the initiators the opportunity to charge viewers for each view of the available content.
Subscription Module - The present module allows creators to apply subscription models to establish a paywall, as opposed to charging for each individual content. Creators have the possibility to apply some access limits to more specific and exclusive content, while making it accessible namely to the most devoted fans and followers that acquire a monthly subscription in order to receive free accessibility to creator's video content available on the platform.
Other Additions - The system offers content generators the possibility to crowdsource the forthcoming projects by applying the assistance of proper admirers' base. The platform assists conventional models of sponsorship by allowing the users to sign agreements with interested sponsors. It offers a safe escrow service and arbitrage system for accommodating possible dispute issues. Another approach to monetization consists of direct user tipping.
Conclusion
Viewly aims to eventually unite the best characteristics of Steemit, YouTube and Patreon as being a video hosting platform, in addition to blockchain micro-economy, abilities for interested users to monetize the available content by means of distributing monthly subscriptions and performing crowdsourcing activities.
Authored By: x0r2