Flixxo mix Bittorrent and blockchain to create the first decentralized and incentivized network for video distribution. Watch. Share. Earn!
We are aiming to create a decentralized video distribution network, where users will be the owners and beneficiaries of their content. Flixxo eliminates intermediaries by letting advertisers, viewers, and content creators engage with each other directly.
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Flixx are used by authors for making available their work on the network, as they have to “block” tokens in order to upload their videos. Users need Flixx for watching content and earn Flixx back for sharing videos with other users. Also users can ask for “sponsored content” and earn more Flixx by watching advertising. Advertisers buy Flixx from authors -who are the biggest stakeholders in the system- creating an organic market and a real use-based price on the token. Flixx are not only the fuel of a video platform, they are the currency of a whole new economy.
Video streaming relies on huge costs on bandwidth and storage space, and only three companies (Google, Amazon and Facebook) are capable to afford developing a global video platform. They have monopolized the business. On a market valued in more than $25B a years, they take the higher cut of the pie creating an ecosystem in which authors cannot monetize, users are not in touch with the content they want to watch and advertisers are having a hard time trying to reach their audiences.
By incentivizing p2p distribution of content, and taking only a 10% fee of the interactions between advertisers and consumers, Flixxo builds up an effective business model on top of a social economy: as a company we make a profit while Flixx tokens reach a broad user base, increasing its value.
Our solution Flixxo combines BitTorrents and smart contracts to create the first legal, decentralized content distribution network.
Flixxo creates a P2P network where authors can distribute and monetize their own content.
They incentivize the distribution of their media and remove unnecessary intermediate parties by sharing their revenues with the “seeders” – a term coined in the torrents environment that refers to those who have downloaded content, keep it in their computer and share it.
Flixxo allows true end users to pay a fair price for watching licensed content in a friendly and safe environment.
Flixxo is an open network, a friendly and intuitive platform, a BitTorrent client, a token and a wallet. As the network grows, so does its bandwidth and its storage space, making it more efficient and able to handle more users.
The more content is being shared, the better bandwidth it will have for being distributed and streamed. The content spreads across the network, and a final user gets it from many seeders at the time. However, the payment channel is decentralized and the consumer is able to pay right to the producer, without any intermediary party being involved. The content producer chooses whether he/she wants to share its earnings with the network or not, and in which conditions he/she would do that.
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