What is Monvid Project?

What is Monvid Project?

The monvid platform is a decentralized community network which uses the blockchain technology to cut-pass restrictions, filters, and censorship to deliver a video streaming service platform that is easy to use and advert free. The mission of this project is to launch the monvid’s platform with- a decentralized and proxied video and TV streaming to bypass all restrictions and censorships around the world.

If you are a fan of videos, films, series or watching television in general than you know how expensive subscriptions are and how frustrating it can be when you travel and then found out that the country has placed some kind of restrictions on the content and you cannot view nor do anything about it. This is the predicaments of most people because even with VPN connections, you still can’t bypass these restrictions and this was what prompted the founders of Monvid to create the platform.

The monvid platform is a decentralized community network which uses the blockchain technology to cut-pass restrictions, filters, and censorship to deliver a video streaming service platform that is easy to use and advert free. The founders wanted to give people the experience of watching their favorite videos without any restrictions irrespective of where they are. Their vision was to use the blockchain technology.

Monvid Platform

The platform is going to be developed to function in two different ways.

Peer-to-Peer Video Sharing

This functionality will allow content owners and video creator to share their videos for everyone to see for free

without any fees and this video can then be rewarded by the community members.Whenever a user watches a creator video and would like to support their work, they can reward the creator with some MVID. The owners usually will get these rewards at no additional or hidden cost. These rewards may depend on the quality of the creator’s videos and the streaming quality that the community members got.

Problem

The need for better hardware and faster internet is growing

The competition between the existing main Video on Demand market players has meant that there has been a

general upward trend in the picture quality of the movies which are streamed on these platforms. From an SD quality to HD and now UHD, the hardware and internet connection speed necessary to access the films now and in the future makes it increasingly inaccessible for non-developed country users. For most smartphone users, even SD quality is more than enough to ensure an excellent visual experience.

Many possible users do not have banking access or credit cards

Traditional video on demand players will only accept payments via credit card, PayPal or gift cards. Many

consumers on a cash-only life have no other options than to buy or download pirated movies. Being able to offer payment by cryptocurrency means that this group of consumers will be able to top up their digital wallets and access content legally safely.

Monvid Platform:

Monvid ICO – Unique Approach To Video Streaming

Monvid plans to use two distinct methods for providing reliable, unlimited and unrestricted video streaming, which are peer-to-peer sharing and proxy streaming. Its aim is to bypass all censorships and restrictions placed on video content all over the world. By harnessing the decentralized nature of blockchain technology, Monvid will be able to provide uses with significantly better services than what is available on the market today.

P2P Video Sharing

Under the P2P sharing platform, content creators will have an opportunity to easily share their videos with the community for free. Community members can then reward the creators with MVID tokens. Creators with high quality content will be able to earn more token rewards on the Monvid platform. The advantage of P2P streaming is that it is flexible and transparent.

Proxy Streaming

One significant wain in which internet access is restricted across the world is through geo-blocking, whereby access is limited to people within a certain geographical location. Monvid enables its users to easily bypass these geographical restrictions without having to compromise on reduced internet speed as is usually the case when using a VPN. Furthermore, Monvid’s platform is secure and fast, thus providing a more enjoyable viewing experience.

Monvid Technology:

The developers and the team of monvid is focusing on the new technologies, which makes the platform possible to deliver the contents easily in underdeveloped countries and other countries. The main technology we are going to use is the decentralized blockchain technology.

With this technology, the platform intends to store packets of the contents of the blockchain which is highly encrypted and can’t be controlled by any agency or government. The application will be decentralized and the contents will be stored on more than one server, so instead of being served by one central server, the user gets served by the nearest server close to them, thereby enabling them to bypass all restrictions and censorships with ease.

The internet speed is not the same in all countries. If we take a look at an underdeveloped country we can see there are issues with the internet speed and not everyone in that country can access platforms like youtube or netflix easily from inside the country because the main server of those platforms are outside of the country and this is making a huge difference in the latency.

What we are going to do is building an internal CDN service on the blockchain network where people can join and host videos and movies to give a better possibility of serving contents to such countries. This is also allowing people in the community to earn extra money for hosting the nodes of platform.

What Are The Benefits Of Using Monvid?

Cheap – Content creators will be paid based on their output, thus eliminating the need for subscription costs.

Improved privacy – Monvid is built on the blockchain technology which ensures that every user’s data is always safe and also provide encrypted data transfers.

No ads – With Monvid you get to enjoy a smooth, uninterrupted watching experience without any advertisements

Monvid Team:

Monvid Roadmap:

Token Sales Detail:

Monvid is seeking funding between a soft cap of $500.000 and a hard cap of $5.000.000. The tokens will be compliant with the stable ERC-20 standard and can be held in most common digital wallets. ERC stands for Ethereum Request for Comments.

There are newer versions of ERC like ERC-223 and ERC-721 but monvid decided to not use them because of some of disadvantages and risks with those newer versions.

● ERC-223 is a proposal right now, not a standard. Therefore, there are none of the high-profile ICO tokens deployed with this standard. Also it is not yet implemented in any production tokens.

● Exchanges might need to do some modifications in order to support such token. There is options that some of the exchanges might not be prepared for it yet.

Token: MVID

Price: 1 MVID = 0.10 USD

Bounty: Available

Soft cap: 500,000 USD

Hard cap: 5,000,000 USD

For more information:

Website: https://monvid.io/

Whitepaper: https://monvid.io/docs/white-paper.pdf

Telegram: https://t.me/monvid_io

Twitter: https://twitter.com/monvid_io

Facebook: https://www.facebook.com/monvid.net

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373