SLATE CURRENCY | Golos Blogs

The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is an enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is SLATE

SLATE is a blockchain-based entertainment utility protocol powered by a cryptographically secure multilayered network. The decentralized system will deliver low-cost, high-speed, high-definition video globally and facilitate live event ticketing on the blockchain.

Consumers will be able to spend SLATE cryptocurrency (SLX) on some of the best entertainment the world has to offer. The use of SLATE enables fair and transparent compensation between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment. Tickets purchased with SLATE will be forgery resistant, virtually eliminating fraud. Service providers holding SLX can earn even more by storing and delivering content.

Mission

The Decentralized system will deliver low-cost, hi speed, high-definition video globally and facilitate live event ticketing on the blockchain.

Problems

The SVOD platforms like Netflix are dominating the entertainment industry today which leaves little negotiation power with the content creators. The content creators do not get their deserved profit and are forced to accept the payment agreement which is given by these SVOD platforms.

Today purchasing tickets have shifted to digital platforms. These digital platform which eases the process of ticket purchase charges 20% service fees. Fraudulency has also been increased due to online purchases as it is difficult to figure out the authenticity of the tickets.

Solution

BINGE which is the blockchain video on demand will provide a platform for the content creators where they will be compensated equally for their work. It will also offer consumers lowers subscription fees as compared to centralized SVOD.

SLATIX is a decentralized ticketing solution which will eliminate the frauds taking place during online ticket purchases. Blockchain stores and shares the data once stored and does not allow any user to manipulate it. This will provide counterfeit-proof tickets to the users. Enterprises will also get benefits from SLATIX as they can sell and verify blockchain based tickets and target the right audience based on analytics provided by this platform. The service fees will be far lesser than the fees charged by centralized digital platform.

Masternode Network

The SLATE network consists of a primary network, the distributed ledger for the SLX cryptocurrency, and a secondary layer of “masternodes.” These service nodes store videos and deliver them to Binge customers. Masternodes also quickly secure the generation and redemption of forgery-resistant tokenized tickets for SLATIX. The genius of the network is in the aligned incentives: the SLX cryptocurrency motivates service providers to maintain an always-on global network.

The Slate Ecosystem:

SLATE, the utility token of this ecosystem will be used by consumers to get access to premium entertainment. SLATE token will be used to pay BINGE subscriptions, to carry out transactions and to buy the tickets which will be offered by SLATIX.

BINGE ORIGINAL

Binge introduces BVOD™ (Blockchain Video on Demand), the first premium decentralized streaming platform to utilize the power of distributed ledger technology. For the Binge streaming media platform, blockchain technology facilitates streaming content and transparent behavioral analytics that reveal consumer tastes. Binge’s model of transparency is an entertainment-industry first. Binge will provide real-time revenue sharing between content providers and creators, while mediating access to the valuable network data and analysis that improves content development.

UNDERSTANDING BINGE

The goal for Binge is to be a decentralized subscription-based streaming media provider of high-quality original video content. Binge intends to be the first scalable commercial platform using distributed ledger technology to provide the power of Blockchain Video on Demand (BVOD). Slate token holders will have exclusive use of the platform. Binge is being developed to provide complete transparency and equitable compensation for content creators, including the use of real-time payments – which ultimately translates into better content for consumers; no geographic user restrictions; significant reduction of content piracy; and substantially lower subscription and pay-per-view fees.

SLATIX

Powered by the SLATE network, SLATIX will be the new go-to mobile app for entertainment discovery and ticketing. Consumers using SLATIX can discover great content through a curated system of authenticated reviews, and earn substantial discounts and access to entertainment events, including movies, concerts, plays, museums and sporting events. Repeat users will enjoy loyalty rewards and an unparalleled entertainment experience. Curation of a trustworthy review system is incentivized with Slate token rewards (SLX). Since the tickets are secondary tokens on the Slate blockchain, they are forgery-resistant and securely exchangeable on the secondary marketplace.

UNDERSTANDING SLATIX

Slatix is a decentralized entertainment ticketing solution that will be designed to slash end-user fees, prevent fraudulent peer-to-peer sales, and become the trusted conduit for payment by Slate for movies, concerts, sporting events, and anywhere tickets are required for entry. Since blockchain technology tracks, shares, stores and verifies information, tickets purchased with Slatix would be impossible to counterfeit. Blockchain technology provides a secure platform for

enterprise to accept Slate digital tokens as payment for tickets, memberships and merchandise. Unlike today’s ticketing platforms, tickets that will be issued on the Slatix blockchain solution are immutable, forgery resistant, and instantly transferable. Slatix will make buying, transferring, and redeeming tickets seamless.

Slate (SLX) Token

SLX is the cryptocurrency utility protocol that drives the Slate Entertainment Ecosystem. The SLATE blockchain network is the public ledger for SLX and the engine of Slate Entertainment Services. The initial sale of SLX will capitalize the development of the SLATE Network and the Slate Entertainment Ecosystem. The initial sale also distributes SLX to participants in the SLATE Network as service providers, consumers, or both.

Token Details

Token- SLX

Platform - Slatechain

Type - ERC20

Min. Investment - 500 USD

Accepting - BTC, ETH, LTC

Distributed in ICO - 48%

Soft cap - 20,000,000 USD

Hard cap - 100,000,000 USD

TOKEN DISTRIBUTION

Token Sale - 48%

Content - 21%

Slate Group - 18%

Marketing - 7%

Development - 6%

USE OF FUNDS

Content - 51%

Development - 19%

Marketing - 18%

Overhead - 12%

Total SLX - 9,500,000,000

The total sale distributes 48% of the total network supply of SLX coins. The sale is structured so that earlier purchasers get fair bonuses. The Token sale opens at three cents ($0.03), and rises by a quarter of a cent ($0.0025) every four day period, to a peak of 4 cents ($0.04).