Flixxo – Flixx ICO Social Media Video Distribution Blockchain?
Flixxo, found online at Flixxo.com, is a community-based video distribution platform. Find out how the platform aims to disrupt the online video sharing market today.
What Is Flixxo?
Flixxo is creating a decentralized video distribution network where users are the owners and beneficiaries of their content. Flixxo plans to use blockchain technology to eliminate intermediaries. The platform will allow advertisers, viewers, and content creators to engage with each other directly.
While platforms like YouTube charge fees as high as 40 or 50%, Flixxo envisions a future where content creators receive a higher cut for creating videos.
The Flixxo ICO is scheduled to begin on October 24, 2017.
How Does Flixxo Work?
On Flixxo, all users share content they have on their device with the rest of the community. Instead of storing video data on centralized servers – which is how YouTube and similar platforms work – Flixxo distributes data across its network.
If you’ve ever used Popcorn Time, then Flixxo works in a similar way. Popcorn Time distributes and shares data throughout the network using the Bittorrent protocol. In fact, the creator of Popcorn Time is listed as a team member for Flixxo.
Using this decentralized system, Flixxo plans to eliminate structural costs, allowing producers to share earnings from their content with the network that supports them. That way, you get paid for helping to improve Flixxo, then earn credits (in the form of digital tokens called Flixx or FLX tokens) in exchange for watching high-quality video content.
With no intermediaries, Flixxo aims to allow users to pay for the content they want to watch, with most of that payment going towards the person who actually created the content – not expensive middlemen.
How Do Flixx Tokens Work?
The Flixxo platform uses Flixx tokens. Flixx is used by users to watch videos. Producers can monetize their work and incentivize their networks using Flixx. Advertisers can pay for ads using Flixx, exchanging tokens “to pay for a moment of your attention.” Advertisers need to buy Flixx from content producers, which creates a closed and organic token economy based around the Flixxo platform.
Flixxo is using the Ethereum ERC20 standard to create a token that is freely transferrable and secure. There will be a fixed supply of tokens, and the company claims they’ll never issue new Flixx tokens after the initial sale.
Who’s Behind Flixxo?
Flixxo is led by Adrian Garelik (Co-Founder at RSK Labs), Pablo Carbajo (Creator of Riecoin), Federico Abed (UX/UI and Creator of Popcorn Time), Javier D’Ovidio (Co-Founder and VP of Operations at EDRANS), and Olha Rymar (Head of Marketing and Communications).
The company is registered in Gibraltar, although they’re opening an official headquarters in Los Angeles in Q2 2018. The company was founded in Q1 2016.
The Flixxo Token Sale
Flixx is an ERC20 standard token. The supply will be fixed from the beginning. No further token creations will take place after the initial sale. The pre-sale for Flixx tokens begins on October 24 and lasts for 30 days.
Flixx tokens are set at a price of 1 Flixx = 0.00025 ETH, or 1 ETH = 4,000 Flixx. The hard cap is set at 75,000 ETH, along with a minimum cap of 5,000 ETH.
There’s a total supply of 1,000,000,000 (1 billion) FLX tokens. 30% of the total supply is available during the token sale, 50% is distributed to incentivize participation in the network during the first ten years, 10% is for covering the costs of the crowdsale, and 10% is for the team and partners, vested on a two year period.
Bonuses of up to 30% (day 1) are available throughout the crowdsale, dropping to a 10% bonus by days 21 through 30.
Flixxo is a decentralized video sharing platform that aims to provide a better experience for video creators and viewers.
The token sale begins on October 24. A functional alpha of the platform was launched in Q2 2017, with a functional platform expected to launch to the general public in Q2 2018.
You can learn more about the platform online today at Flixxo.com.