Hello friends all are still with me Ade prayoga. This time I will provide information about a project that is very interesting for you to know in a new cryptocurrency called Refine Medium. Before heading to the discussion, I think we all agree that blockchain technology still requires efforts that encourage adoption to continue to grow and continue to grow in the future.
What is Filter Media? Refine Medium is a decentralized video sharing platform. With Refine Medium, writers can sell access to their valuable content, get contributions from users and make money from video ads. Meanwhile, users can watch videos for free and receive prizes. Advertisers place advertisements and pay directly to users. Ad budget is distributed among content creators and viewers in general. There are no brokers - like YouTube - charging high fees. All payments on the platform are done automatically in the XRM token. Transaction history is stored on the blockchain.
The ecosystem revolves around a Medium Refine card, or XRM. This token is based on the blockchain Ethereum. They are the main tool for exchanging values between advertisers, content creators and users.
The Refine Medium software code is open source and based on the Ethereum blockchain smart contract. Storage of video content is decentralized and built on the IPFS protocol.
Overall, Refine Medium aims to change the multibillion-dollar video sharing market. They want to target large suppliers such as YouTube by providing a decentralized, transparent and effective platform with minimal costs.
Enhancing Media Features Here are some of the core features of Refine Medium:
- Save decentralized video content (Fix Media using IPFS protocol)
- Users can upload videos and create free channels
- Video producers can sell access to premium content
- Viewers can support and contribute to content creators
- Users can receive prizes in return for watching free videos
- Anyone can buy premium content with XRM tokens
- Advertisers can advertise on platforms and send payments directly to users - including video makers and viewers
- Open source software is built on the blockchain Ethereum and smart contracts
All payments on the platform are done automatically in XRM tokens and stored on the blockchain.
XRM tokens are based on the smart blockchain Ethereum contract and are the primary tool for transferring value between advertisers, content creators and users.
XRM tokens can be easily bought or sold in the process of exchanging any digital currency in the world as soon as the token is complete.
Video hierarchical storage uploaded on the platform is built on the IPFS protocol, allowing file storage of distribution networks without a shared control center.
All payments on the platform are done automatically in XRM tokens and stored on the blockchain.
How does Refine Medium work? Advertiser
Advertisers can upload promotional videos to the platform. Advertisers can set prices per view, then target viewers by country, city, gender, age and interests.
Advertisers can add their banners or place short promotional videos of up to 30 seconds on videos registered by uploaders for free.
Advertisers can add videos that promote certain products or services to the market with text descriptions, specifications and prices.
Videos will only be displayed to users in the selected target group. Advertisers pay the cost of each display for the platform, the author receives 65% of the amount and the user receives 25%. If a user is interested in a particular product, they can buy the product or service advertised in the video by clicking the "Buy" button and paying the XRM token directly from their wallet to the customer's wallet.
Content
creators Video makers can upload their videos and set prices based on impressions only. Users who are interested in seeing premium content can pay a specified fee, then immediately they can have access to the video. This allows content creators to sell video lessons at high prices, for example.
Video makers can also make paid channels. Users can pay a daily, weekly, monthly or annual subscription fee for that channel.
Ads embedded in each video. Video makers can determine which videos are free to watch, supported by advertisements (not subscription-based). However, users can also launch the video as "free advertising" and place the donation button below the video. Viewers can support the creator by sending them XRM tokens.
Users
Users can watch videos for free without ads. Or, they can help content creators via donation buttons, subscribe to paid channels, or watch ad-supported videos.
However, users also have the opportunity to earn money by only seeing advertisements. Users can choose to watch video ads uploaded by advertisers. In this case, they receive 90% of the price per display determined by the advertiser
Users can use XRM cards directly from their wallets. They can buy goods and services advertised in the videos they watch, for example or pay sellers with XRM tokens.
What is an XRM Token?
XRM tokens are based on smart contract Blockere Ethereum (ERC20). All transactions on the platform are recorded and stored clearly on the blockchain.
Blockchain and tokens are two important kernels that can make payments transparent, anonymous, towards decentralized video platforms, video storage and general user agreements.
The XRM Token
Prospect The XRM Tokens outlook is mainly related to the development of the user base on the Refine Medium platform. The more users and the more video views, the more advertisers will advertise their products. Therefore, income and demand for tokens cards will increase. In addition, there will be a platform-based market where users can purchase various goods and services and pay for purchases with XRM Tokens.
All general agreements between advertisers, content makers, users, sellers and buyers are all done by XRM Tokens: this will directly drive the need for XRM tokens.
The number of physical XRM card tokens is limited. Therefore, because of the ongoing demand for scarce resources, the price of XRM Tokens will increase continuously.
Conclude
Video sharing platforms like YouTube dominate the market. However, they provide a secondary experience for advertisers, content creators and viewers. Viewers aren't paid to see ads. Content creators only receive 40 to 50% of the revenue generated by their videos. And advertisers lose intermediaries. Meanwhile, the Refine Medium platform aims to solve this problem. All general agreements are made directly between advertisers, content creators and users, and intermediaries are not included. Users who view and subscribe to the Refine Medium video will receive between 25% and 95% of the amount allocated by the advertiser. Makers upload their video content on this platform, receive 65% of what advertisers pay and 90% of money received as payments from users who see their premium content. Refine Medium provides accurate statistics for advertisers for each ad display. All data is recorded on the blockchain and can be reviewed by advertisers and third party auditors. Advertising costs are 20% lower than the centralized video platform. Payments are made directly, without intermediaries and are fully transparent.
Below is official information from them:
Website: https://refinemedium.com
Twitter: https://twitter.com/RefineMedium
Facebook: https://www.facebook.com/refinemedium/
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