Blockchain Infrastructure For The Digital Content Industry. Box Of Data ICO rating – not rated.
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PRE ICO Dates : 20/10/18 – 09/11/18
About Box Of Data ICO (token sale)
For over a decade BoxOfData ICO have witnessed explosive growth of the digital content industry led by a variety of web and mobile content platforms such as Reddit, Youtube and Spotify. It has become an indispensable part of our modern daily life, with audio and video streaming constituting 70% of Internet data traffic. However, the success and fairness of the industry is impeded by several long standing challenges facing creators, consumers, advertisers, and distributors of digital content.
What problems does BoxOfData ICO see?
- Content creators struggle to profit from their own creations.
- Content consumers receive no compensation for their contributions.
- Aggressive competition between content platforms
BoxOfData ICO solution to the problems mentioned above is the BoxOfData Platform, which aims to build a blockchain-based ecosystem for the digital content industry of tomorrow. Under BoxOfData ICO, the whole industry will gain three invaluable features: a shared content pool, a shared user pool, and a unified payout system.
Our solution to the problems mentioned above is the BoxOfData ICO Platform, which aims to build a blockchain-based ecosystem for the digital content industry of tomorrow. Under BoxOfData, the whole industry will gain three invaluable features: a shared content pool, a shared user pool, and a unified payout system.
Unlike traditional open platforms such as the App Store or WeChat Open Platform1, the BoxOfData Platform is fully decentralized, autonomous, and driven by the open source community instead of an industry platform giant. BoxOfData will help various web and mobile applications share digital content and user bases in more efficient ways than before, and process payments swiftly without ceding control to a third party.
In principle, BoxOfData ICO is designed to benefit all stakeholders in the content industry including but not limited to, creators, consumers, advertisers, distributors, and application developers. BoxOfData allows them to collaborate, innovate, build, engage and transact with a new generation of digital content applications that play on fair terms within the ecosystem.
For content creators, ContentBox’s payout system will allow them to get rewards every time their content is consumed, motivating them to create more diverse and higher quality content. Top creators of the most popular content still reap big rewards while everyone else now receives compensation in proportion to their content popularity. In addition, BoxOfData will connect creators directly with their consumers by streamlining and automating business transactions without intermediaries chipping away at a creator’s revenue share.
BoxOfData Token Distribution
The native digital cryptographically-secured utility token of the BoxOfData Platform (BOD) is a major component of the ecosystem on the BoxOfData Platform, and is designed to be used solely on the platform. Before the official launch of the native blockchain on the BoxOfData Platform, BOD will initially be issued as ERC-20 standard compatible digital tokens on the Ethereum blockchain. Once the main net of BOD Payout is online and stable, the ERC20 token gets converted to the chain token on a 1-for-1 basis.