Bitcoin is more popular than ever and the most recent media developments support this statement. Recently, Slate Entertainment Group announced its intent to broadcast a new documentary called Beyond Bitcoin and not just through any streaming service, but on its blockchain-based platform called Binge. This platform is decentralized, it is low-cost, it provides high-speed, and the definition is expected to be great as well.
Slate gained attention at the most recent Cannes Film Festival in 2018 due to the release of its new blockchain streaming platform. The platform has the potential to revolutionize the media world. Further, Slate Entertainment Group has formed partnerships with Stiges International Film Festival. Stiges is working toward adopting a digital ticketing platform called Slatix and it is powered by cryptocurrency.
According to Slate’s most recent press release,
“This will mark the first time in the industry that a film festival will accept cryptocurrency as well as traditional forms of payment.”
Those who use Slatix will find that the blockchain-based ticketing system is affordable, it provides consumers with a range of benefits, especially those who are loyal. Further, the press release identified that small and medium-sized entrepreneurs may be able to benefit from Slatix’s low setup and operating costs, and the application is user-friendly as well.
In addition to the above development, Slate is also working on launching media platforms on its blockchain. The presale for Slate’s token opened in May 2018 and it is poised to continue until June 9, 2018. To date, the team has exceeded its funding goals and has currently raised over $20 million. There is also a current discount of 45 percent and a bonus of 3 percent.
In another recent Slate press release, the company stated that it is
“especially pleased to announce the agreement during the presale as it assures buyers that they will be able to trade SLX on the open market. The listing on a major exchange will also expand SLX’s exposure to new markets and increase distribution after the initial sale.”