Hi everyone, good afternoon, see you again with me. I want to introduce a new platform that is interesting and might help us all.
What is the Contents Protocol?
Contents Protocol is a content exchange protocol that enables content providers and users to co-exist and collaborate sustainably.
Existing traditional platforms have strong growth for users who consume content produced by creators. Creators, however, receive only a fraction of the platform's revenue. There is also a lack of transparency in which profits are distributed to different stakeholders.
Contents Protocol attempts to change this by distributing more than 75% of the total license fee to creators. The platform will maintain only 5-10% of total revenue, with the remainder distributed to users who consume the content. In this way, all stakeholders benefit from the growth of the ecosystem.
Contents Protocol .. is a project that aims to use decentralization and blockchain technology in content exchanges. Content providers and users can coexist and collaborate in a sustainable and secure manner. More than 75% of the total licensing fees are distributed to creators. Similar, we will talk to you today about the project and its idea, the team, its contributors, its own tokens, and a conclusion about the project's ability to succeed.
Project name: Contents Protocol
Token symbol: CPT
Website: https://contentsprotocol.io
White paper: https://drive.google.com/file/d/1F-iiyB8Uwx0poMvaYYpTqWof3_jc5G3M/view (one pager)
Hard cap: 40,000 ether (ICO contributors own 30% of total token supply)
Conversion rate: TBA
Maximum market cap at ICO on a fully diluted basis: $72 million assuming current ether price of $540
Bonus structure: TBA
Private sale / white list: Private sale ongoing
ERC20 token: Yes
Countries excluded: TBA
Timeline: TBA (Please refer to Content Protocol's website for the most up-to-date information)
Token distribution date: TBA
How advanced is the project?
WATCHA is the company supporting the Contents Protocol project. WATCHA, Inc. WATCHA, WATCHA MUSIC, WATCHA WEBTOON Six years ago in Korea and Japan, it now has 3.8 million members.
It has also been awarded the "Best App for the Year" by Apple and Google each year since 2013. Platform users see an average of 18 hours of content per month. WATCHA has license deals with 50 content providers including HBO, Disney, Sony Pictures, Fox Network, BBC and others.
The first platform to be integrated with Contents Protocol is Watcha TV, which will be VOD (Video on Demand) service in Korea.
The Contents Protocol itself is still under development, but there is agreement between it and WATCHA, an application with 4.7 assessment and 3.8 million users.
Project roadmap
- Q3 2018 - Transactional VOD service with WATCHA and 3rd parties.
- Q4 2018 - Subscription based VOD
- Q1 2019 - Subscription to Music Service
- Q2 2019 - Transactional Webtoon/Novel Service
- Q3 2019 - Transactional E-Book Service
- Q4 2019 - Integrated Subscription Service
Tokens and its value
Tokens will contain many functions on the platform. There will be two different icons (CPT and CP Power) consisting of the network.
The two icons will be 1: 1 conversionable, with CPT symbols immediately converted to Power CP codes. However, there will be a 4-week lock period for conversions from CPT to CP Power.
CPT tokens will be used as a convertible payment symbol that can be traded on exchanges and used as a payment to creators and (2) to purchase content by users. It will also be used as a return for users against their network contributions (i.e. referrals, reviews, etc.).
CP will be used as a staking network, and can not be sold immediately. When signed, it can provide diverse benefits for users and creators, such as free advertising, and increase user revenue for their contributions to the network.
Team
There are total of 34 team members with the following being the core:
- Taehoon Park, CEO and co-founder – the CEO of WATCHA since 2011. Previously game programmer at Nexon.
- Alex Jihyun Won, COO and co-founder – COO of WATCHA since 2011. Previously Co-Founder at Onepiece.
- Teddy Taehyun Lee, Lead Mobile Developer - Has a degree in electrical engineering, and was a developer on MapleStory for the Taiwan and HK branches.
- Buzz Insoo Jung, Lead Backend Developer - Degree in electrical engineering, and 13 years’ experience in server developer positions.
- The team also has a suite of advisors including Teddy Zee, Former EVP of Columbia Pictures and SVP or Paramount Pictures, Simon Kim, CEO of Hashed, Shuan Djie, Co-founder of DigixGlobal, Lim Hong Zhuang, CEO of XSQ, Jun Kim, Partner of Kakao Ventures, and more.
- Investors of the project include Hashed, Kakao Ventures, and XSQ.
Conclusion
For stirring: Good. The token measures are reasonable with some fairly long retention of pre-held participants. With the growing and growing user base in WATCHA, we believe there should be a lot of unmet demand after the tokens are handled.
For a long-term contract: good. The target users of the project are consumers and producers, often consisting of South Korea and Japan. They are most receptive to using digital currencies. Besides the extensive user base of WATCHA, we believe that the Content Protocol has a good chance of success.
For more information about the Contents Protocol
jeger.kiting
https://bitcointalk.org/index.php?action=profile;u=956069
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