NODVIX

ololatide (11)in #cyptocurrency • 6 years ago

NODVIX is a 24-hour P2P broadcasting platform designed to display interesting and relevant video content to its users that is free from restrictions and provides a revenue model that pays creators/uploaders. NODVIX is a self-regulating, open to all, real-time, video content platform designed to minimize the restrictions found within the current market.

NODVIX is an ecosystem for the distribution of media content between all its participants, based on Peer-to-Peer Internet Network (P2P) technology. Due to this, we are able to reduce the cost of scaling the platform and provide significant advantages over the traditional centralized broadcast resources and media hosting.

NODVIX is self-regulating, peer-to-peer, decentralized and anonymous media content platform with open source continuous online broadcasting, using its own crypto currency as payment for services. The concept of the project is to provide continuous broadcasting of a vast array of unique media content: from music to popular science shows, without censorship or bias, where everyone can become part of the broadcast. Media content is stored within the decentralized Torrent-Node network for a fixed period of time and sorted through pre-defined ratings.

NODVIX Fundamentals

Decentralized Peer-to-Peer broadcasting and content storage that is highly resistant to censorship, bias, and blocking

Self-regulating content management and monetization of media enabled through the utilization of “Torrent Nodes”

Easy and unrestricted access for all market participants with no limitations placed on geographic location or governmental censorship

Free, equitable access for advertisers and content-makers

An honest division of income to video content creators, publishers, and advertisers

A vast selection of TV channels with globally created content open to all

NODVIX has many significant advantages, of which the economic component is no exception.

The key points are:

No reliance on high-tech equipment such as CDN networks to maintain the stability of the ecosystem and provide uninterrupted access

Minimal operating expenses due to decentralization, smart-contracts and the

NDVX cryptocurrency. Day to day expenses such as offices, equipment, banking services and office supplies are not required

A self-regulated open source platform does not require a team of specialists to

review and improve content or technology. The reliance on the decentralized network spreads the workload while insuring fair pay to all members within the eco-system through encrypted wallets

Large market potential for P2P distributed technologies resulting in minimal

restrictions on the choice of content and the number of TV channels. Licenses

are not required due to the decentralized nature of the platform

High scalability and accessibility due to ease of entry for;

a. Private correspondents, journalists and video bloggers can distribute content through

the platform without any restriction. This unlimited access allows

NODVIX to allocate significant funds towards the purchase of future content and expansion

b. Advertisers are able to sponsor content relevant to their business without being penalized due to financial limitations

c. Absence of geographical boundaries. NODVIX is not geo-referenced

therefore a resident of any country is able to watch content in their language, irrespective of geography, along with relevant advertising

d. An honest price for the inclusion of advertising content Absence of technological risks, technical accidents and economic losses

High ecosystem security, resilient to DDOS attacks and other threats

How to use NODVIX

A user creates or uploads content to the NODVIX platform. Content could be a music video, news story, film, or anything with a frame rate!

A torrent-file (hash file) is generated and uploaded to the Torrent-Nodes. The file also contains a unique wallet address where profits will be sent.

The Torrent-Nodes vote to categorize the content, as well as review the content. Should the content be illegal in nature, the Torrent-Nodes will permanently block the file.

Advertisers then select which category of content they would like to sponsor. These adverts are reviewed, rated, authorized and placed by the Torrent-Nodes.

Content is placed into one of many specialized channels based on the Torrent-Nodes categorization and broadcast to the NODVIX platform network.

Users can watch 24-hour content through the platform based on their interests and preferences. Adverts will appear in a non-intrusive manner periodically and targeted for that category of media.

NODVIX Ecosystem: Advertising Revenue Model

The ecosystem is enabled through the use of the NDVX token. These tokens are distributed between the system and its participants. The following outline shows how the different parties interact within the NODVIX ecosystem:

Content Maker

The content maker creates media, uploads it to the platform and distributes it through the torrent client with the help from the Torrent-Nodes.

Their content is then rated by the Torrent-Nodes. Content which scores higher on the rating list will have a higher likelihood of being broadcast on air. The content maker receives 83% of the advertisement revenue, which has been pre-paid by the advertiser. Total profit will depend on the duration of the video, the category of the broadcast channel and the overall rating of the video itself, as decided by the Torrent-Nodes.

Payment to content makers will be paid in NDVX tokens directly to their unique hash-file address associated to the media content that generated the profit.

Torrent Nodes

The NODVIX ecosystem is enabled by the NDVX token. It creates a Torrent-Node network to produce the work required to maintain the decentralization of the P2P network.

These Torrent-Nodes are tasked with sorting, assign rating, storing content locally, banning illegal content and broadcasting via the NODVIX platform for both media and advertisements. The distribution of this media content is carried out by a special algorithm designed to ensure content stays secure.

Torrent-Nodes are rewarded with their active participation in the system and receive a percentage of the advertising revenue generated by the platform. There are two type of Torrent-Nodes within the NODVIX Ecosystem:

Unsupported-Nodes: These are nodes that DO NOT stake the NDVX token and receive 2% of the advertiser-driven platform revenue.

Master-Nodes: These are nodes that DO stake the NDVX token and receive 8% of the advertiser-driven platform revenue.

Advertisers

Advertisers upload their promotional media (banners and videos) to the NODVIX platform along with a request specifying the category they would like to appear on. Some categories will be more popular than others, and as such, the price for those categories will be higher to reflect the increased number of impressions.

The Torrent-Nodes will then sort, assign ratings, store locally, ban illegal content and place media within the requested broadcast category. Upon confirmation of pending placement; payment will be due to NODVIX which will be distributed to the content creator, Torrent-Nodes and NODVIX.

NODVIX (NDVX) Token and Distribution

The company's internal digital currency, NDVX, is an ERC20 token and used as both a means of payment and an enabler for the Torrent-Node network.

Advertisers use NDVX to pay for advert airtime on the channel of their choosing along with discounts for utilizing the NDVX tokens.
Content-makers and Uploaders receive NDVX tokens as payment for services.
NDVX tokens create Master-Nodes. This type of Torrent-Node provides a higher rate income (8%) for their participation in the information storage, dissemination services, and content review. Master-Nodes are weighted meaning additional NDVX over the minimum amount will multiply the payout value.