Lino LNO: Autonomous Video Content & Decentralized Economy?
Lino, found online at Lino.network, is a decentralized autonomous video content ecosystem. Find out how it works today in our review.
What is Lino?
Lino aims to create a video content marketplace built on a decentralized blockchain.
The platform revolves around the use of LNO tokens.
Lino aims to disrupt the online video sharing ecosystem dominated by companies like YouTube. Today, YouTube has enormous power over content creators because they’ve monopolized the means of distribution. YouTube is a for-profit company, and their goal is to maximize profit. They often do this at the expense of content creators.
Lino wants to change this model by creating a collectively owned, decentralized means of distribution, where all content value is directly distributed to content creators and affiliated contributors without going through a privately owned entity as a middleman.
How Does Lino Work?
Lino has the following core features and functions:
Users can use LNO to show their appreciation for content through multiple methods, including micro-tipping, gifting, purchasing, and more. All value exchanges in the Lino community will occur through LNO, which reduces transaction costs compared to existing payment methods.
Inflationary Currency System:
The inflationary system aims to create a sustainable digital content economy by incentivizing all community contributions – including content creation, content curation (i.e. content redistribution) and infrastructure services.
Proof of Human Engagement:
The Lino “proof of human engagement” system is designed to incentivize human participation in the platform. Proof of human engagement is used to prevent bots from manipulating the reward distribution system, preventing potential attacks like Sybil attacks on the network.
Proof of Content Value:
Your content might have lots of views – but does it actually provide value? View count manipulation and other tricks can make the worst content rise to the top of platforms like YouTube. Lino aims to work in a different way, and the platform will “take several measures to prevent the system from being flooded with fraud.”
Content Distribution Network:
Any video sharing platform relies on a content distribution network, or CDN. Lino wants to ultimately create a decentralized, peer-to-peer CDN. However, they may initially provide content distribution through an auction model.
Lino stores video and live stream playback in a decentralized way. The team didn’t want to create another Filecoin. Instead, they use an auction approach to achieve decentralization. With Lino, each person can become a storage service advocator as long as he or she presents a proposal for any storage service that includes pricing and performance details.
Lino Features and Benefits
When Lino announced itself online in August 2017, the company advertised two main benefits:
Lino is a decentralized community with no user fees. All members interact with each other directly without going through a middleman. The Lino cryptocurrency supports real-time free transactions among users. Lino doesn’t charge transaction fees or take a cut from anyone.
The Lino ecosystem is self-sustaining, which means advertising income is unnecessary. The entire platform is supported by developers and by miners running servers. Both of these parties receive LNO tokens as a reward. Therefore, every member owns a portion of the community and is able to watch content without the interruptions of push advertisements.
Everyone is Rewarded:
All participants in the platform are rewarded for their actions. On platforms like YouTube, only the content creators – the people who actually make the videos – receive a reward. Lino will reward content providers for great content, but it will also reward audiences for curating content.
Who’s Behind Lino LNO?
Lino is led by Wilson Wei, a serial entrepreneur and graduate from UC Berkeley. Other key members of the team include Qifeng Chen (Chief Scientist), Ryan Li (Blockchain Engineer), Zac Wu (Data Engineer), and Zenan Wang (Economist).
The company has received investments from ZhenFund, FBG Capital, DFund, INBlockchain, BitAngel, and LinkVC.
The Lino LNO
It’s not totally clear how Lino will distribute its LNO tokens. However, at the Lino.network website, you can connect to the company via Telegram or WeChat to receive 20 LNO tokens via airdrop.
Lino LNO Conclusion
Lino is a decentralized video sharing platform that aims to disrupt the video sharing ecosystem created by platforms like YouTube. Lino will offer no-fee, ad-free video sharing over a decentralized network. Video content creators and curators will both receive a reward in the form of LNO tokens.
Lino first announced itself online through a Medium post in August 2017. As of January 2018, the project appears to still be under active development. However, few further details have been posted online.
To learn more about Lino, visit online today at Lino.network.