Place/Date: - August 23rd, 2017 at 2:40 pm UTC · 3 min read
TOP (Turn on a profit) is the world’s first decentralized video hosting using blockchain technology.
The crux of the problem is that the global video industry is growing, generating billions of revenue for authors, advertisers and YouTube video hosting. Despite this, the current bureaucratic system largely underestimates the authors’ incomes. Bloggers are forced to rely on the monopolized YouTube platform, which pays significantly less than it could. Large channels that rely on direct cooperation with advertisers can accept this, but small channels are not able to survive on this tiny stream of revenue. And ordinary video hosting users are forced to watch many advertisements for free in the videos of their favorite authors.
The reason of this is that a fully monopolized video hosting system has no competitors in the whole world. According to this, its owners establish themselves the rules of the game. Since there is no alternative, the authors of the video have nothing to do but obey these rules.
The mission of TOP – creation of decentralized video hosting, which is not liable to strict censorship, is easy to use and fair to authors, advertisers and ordinary users. In the new system video makers will receive at least three times more than now, ordinary users will receive coins for watching videos, and advertisers will not overpay of the advertising services.
Also Bloggers do not need to think about how to embed adverts or banners in their videos, TOP system will do it automatically. But this doesn’t prevent them from direct cooperation with advertisers. A lot of people are tired of viewing aggressive and obtrusive advertising, so I draw your attention to the fact that the amount of your rewards will not depend on the number of ads viewed and is fixed. It depends only on the number of views. Payments will be made not in US dollars, but in TOP tokens.
The balance of the tokens could be seen in the personal account, in the same place they will be output. Each payment will be fixed in the blockchain. Later users will be able to exchange earned tokens for real money on exchanges. Each user will receive TOP tokens for watched video. This is a kind of reward for unexpected watching of advertising. At the first stages of the development of video hosting, the reward will be 1 coin for 24 hours of watching video. Watching time is accumulated during a month; user can see the balance of the tokens and output them in his personal account.
The Team of TOP is young and ambitious experts that have many experiens. They are determined and aim at achieving their goal. I think that The Team of this project will be successful.
Also TOP have a large-scale Official Bounty Thread. Official Bounty Thread is a PR event, when its participants and supporters advertise the project. Participation in Bounty Thread is rewarded. So you can take part in Top project Official Bounty Thread.
So we can say that TOP is really a revolution in the video industry.
Useful links to the official pages of the project: