April 11th, 2018 at 9:39 pm UTC · 3 min read
Decentralized Video Sharing Platform Viuly has seen a rapid increase in its platform users over the last few months and this week achieved its most recent target of 1 million users. Most of the new additions have occurred recently, with around 700,000 users joining in the last three months alone.
The popular blockchain-based video sharing platform is well known for not charging its video uploaders any fees for displaying their content. In addition to the free service, Viuly also incentivizes its users through a participation program in which active users are rewarded with the VIU cryptocurrency.
In addition to the 1 million users, Viuly has seen the number of channels on its platform more than double in the last couple of months.
The total number has risen from 30,000 to over 70,000 and with that has come to an increase in video content, with over 260,000 videos, up from 90,000 videos only 3 months ago. Perhaps more impressive is the platform’s number of daily visitors, which has now reached 250,000.
Viulys decentralized video sharing platform generates revenue without charging video uploaders fees for managing their channels.
The platform allows all users, channel holders, and video uploaders to earn the platform’s native token, and tradable cryptocurrency, the VIU token, for viewing or uploading videos on the platform. The VIU tokens can be traded against bitcoin or used by users to buy various advertising packages.
The Viuly platform prides itself on its belief that users should not only be able to use video sharing for free, much like a social media platform but also be rewarded for their continued support and participation. This is why some of the funds from each advertising pack go directly to the Viuly community and will continue to do so.
Viuly’s mission is to disrupt the multi-billion dollar industry of online video-sharing with its blockchain-based solution. Through decentralization and transparency, it aims to create a fair and open video network operating on an equitable model of revenue sharing.
VIU tokens are the native currency powering the Viuly video platform. They are used to transfer value between advertisers, content creators, and users.
Viuly will be a full-fledged platform for users and content creators to share and watch videos, while immediately earning rewards for their interactions. This revolutionary ecosystem will enable a fair, unrestricted environment to share, watch, and upload any content.
Viuly’s revolutionary blockchain solution has already led to a firm backing of EUR 150,000 from blockchain investing firm Krypton Capital. Together with Krypton Capital’s “smart money” philosophy, Viuly aims to establish strong ecosystems of related companies to grow values and revenues together.
Disclaimer: Viuly is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.