Qravity, found online at Qravity.com, is a decentralized content production and distribution platform where creators own and profit from their work. Find out how it works today in our review.
What Is Qravity?
Qravity is a decentralized marketplace that wants to connect people with content creation teams. Using the decentralized Qravity network, people with great ideas can gather creative teams together to produce top-quality content.
Content creators can receive royalties whenever their content is consumed, while payments on the platform take place using QCO tokens.
Qravity sees itself as far more than just a jobs marketplace for freelancers and content creators; instead, Qravity sees itself as a full-fledged copyright management and purchasing ecosystem. Just like platforms like Steam manage gaming copyrights, Qravity seeks to do the same for other digital content.
The token sale for QCO tokens begins in July 2018.
How Qravity Blockchain Content Production Platform Works
Qravity sees itself as a decentralized content ecosystem that provides a secure and transparent way for content creators to interact with employers. Qravity isn’t just a jobs board, however: it’s also a complete content production platform where people can collaborate and organize workflows.
The ecosystem revolves around two tokens, including the QPT token that tracks project ownership and the QCO token used for monetary transactions.
Qravity only hosts “commercially viable content”, according to the official website. What does that mean? Well, Qravity will review project proposals carefully and then select those with high market potential to ensure profitability for all project stakeholders. Existing freelancer marketplaces don’t work this way.
Qravity also aims to be transparent. Qravity will introduce transparency to the collaboration and distribution processes, for example, along with transactions and profit sharing. Despite this added transparency, Qravity will remove middlemen and financial barriers.
Finally, Qravity will use immutable smart contracts to facilitate trust in a truly digitized work economy. The platform promises to protect copyrights and ensure fair compensation using smart contracts, providing better security for everyone involved with the Qravity ecosystem.
Ultimately, Qravity was founded with three main goals in mind:
- Bring digital media content creators together to develop their ideas
- Empower digital media content creators to develop their skills
- Give digital media content creators ownership of the projects they contribute to
Qravity QCO Token ICO Details
The Qravity ICO is scheduled to begin on July 2, 2018 with a pre-sale. There’s a 30% bonus on QCO tokens during the pre-sale.
The first round of the crowdsale is scheduled for July 17, 2018 (25% bonus), followed by round 2 on July 27 (20% bonus), round 3 on August 6 (15% bonus), round 4 on August 16 (10% bonus), and round 5 on August 26 (5% bonus).
Qravity is accepting ETH during the token sale. There’s a minimum contribution of 0.5 ETH and a maximum contribution of 30 ETH.
Tokens are set at an exchange rate of 1 ETH = 5,000 QCO.
How Do QCO Tokens Work?
QCO tokens are ERC-827 tokens that serve as the transaction medium for all transactions on Qravity.
Qravity pays royalties in QCO every time a distributor licesnses content or a consumer buys or rents platform content. The model is similar to existing distribution and streaming models and uses QCO as its cryptocurrency. This makes project revenue transparent for all stakeholders.
There’s a total supply of 1 billion (1,000,000,000) QCO tokens. 50% of the total supply is going to the token sale, with remaining tokens going to team members and advisors (22%), a reserve fund (14%), a token stability fund (12%), and community rewards (2%).
How Do QPT Tokens Work?
Qravity has two tokens, including QCO and QPT tokens. QPT tokens are project-specific tokens that track project ownership. They represent shares in a project. They’re exclusively for internal use and cannot be purchase.
QPT tokens are given to content creators in exchange for work they complete for a project. A Content creator can complete tasks in exchange for QPT. Every time a consumer or distributor buys content on Qravity, creators receive a portion of the payment in QCO based on the amount of QPT they earned for their contribution to a particular project.
The more tasks you completed for a specific project, the more QPT you’ll earn for your work on that project.
How Will Qravity Make Money?
Qravity will generate revenue by sharing ownership of each project. At the same time, Qravity will generate revenue through consumer purchases of digital content from the platform using QCO tokens.
Those purchases could include movie rentals, e-book purchases, video game purchases, and the purchase of other digital content.
Qravity also plans to earn revenue from distributors and retailers. The company plans to maneuver its cryptocurrency to be the preferred choice for business-to-business payments within the industry. Qravity’s whitepaper compares the platform to Steam: just like Steam facilitates payments between publishers and gamers, Qravity plans to do the same for content and content purchasers, using QCO tokens as a medium of exchange.
Who’s Behind Qravity?
Is led by Rienhard David Brandstaetter (CEO and Founder) and Christian Sascha Dennstedt (CFO and Founder).
Brandstaetter is a music composer and producer by trade who previously worked at Rockstar Games and Sony DADC. He’s also the founder and Managing Director of a Vienna-based 3D animation studio named Tectonic Slide.
Sascha, meanwhile, is an entrepreneur and angel investor who operators across a wide range of industries and has co-founded several biotech startups. He also co-founded Tectonic Slide Entertainment with Brandstaetter.
Qravity is based in Vienna, Austria.
Qravity is a decentralized content production and distribution platform where creators can own and profit from their work. The ecosystem revolves around the use of QCO tokens.
A token sale for QCO tokens begins on July 2, 2018. To learn more about the project or to stay up-to-date, visit online today at Qravity.com.