What is the clarification environment?
Refine Medium is a decentralized video sharing platform. With the help of Refine Medium, authors can sell access to their valuable content, receive contributions from users and make money on video ads.
Meanwhile, users can watch videos for free and receive rewards. Advertise and pay directly to users. The advertising budgets are distributed between content creators and viewers in general. No middlemen - like YouTube - charge a high fee.
All payments on the platform are made automatically in the XRM-tokens. The transaction history is stored in the blockchain.
The ecosystem revolves around the Refine Medium or XRM cards. These tokens are based on the Ethereum blockchain. They are the main tool for the exchange of values between advertisers, content creators and users.
The Refine Medium software code is an open source and based on Ethereum smart contract. Storage of video content is decentralized and built over IPFS.
Overall, Refine Medium aims to change the multi-billion dollar video sharing market. They want to target large providers such as YouTube, offering decentralized, transparent, and efficient platforms with minimal costs.
Features Refine Medium:
- Here are some of the main features of Medium Refine
- Video content storage is decentralized (Refine Medium uses the IPFS protocol)
- Users can upload videos and create free feeds.
- Videos can sell access to premium content.
- Viewers can support and donate content creators.
- Users can receive rewards in exchange for watching free videos
- Anyone can buy premium content using XRM tokens.
Advertisers can advertise on the platform and send payments directly to users, including video creators and viewers.
Open source software built on the Ethereum blockchain and smart contracts
All payments on the platform are made automatically in XRM tokens and stored in the blockchain.
XRM tokens are based on the Ethereum blockchain smart contracts and are the main tools for transferring values between advertisers, content creators and users.
XRM tokens can be easily purchased or as soon as the token is completed.
The hierarchical storage of videos uploaded to the platform is built using the IPFS protocol, which allows you to store distribution network files without any common control center.
How does Refine Medium work?
Advertisers
Can advertisers upload promotional videos to the platform. Advertisers can set prices per view, and then target viewers to viewers depending on the country, city, gender, age, and interests.
Advertisers can add their banners to free or place a short video of up to 30 seconds in the videos uploaded by the user.
Advertisers can add videos of certain products or services to the Viuly market along with text descriptions, specifications and prices.
The video will be shown only to users in the selected target group. The advertiser pays the cost of each viewing for the platform, the author receives 65% of the amount, and the user receives 25%. If users are interested in a particular product, they can buy the product and service by clicking the Buy button and paying for the XRM wallet to the client's wallet.
Content Creator:
Video creators can upload their videos and specify prices only for viewing. Interested users in viewing premium content can pay for the specified cost after which they can immediately access the video. This allows content to sell videos at high prices, for example.
Video creators can also create paid channels. Users can pay a daily, weekly, monthly or yearly subscription fee for this channel.
Advertising is embedded in every video. Video creators can specify which videos can be watched for free, with the support of advertising (not based on subscriptions). However, users can also run the video as a "free advertisement" and place a donation button under the video. Viewers can support creators by sending them XRM tokens.
User:
Users can watch videos for free without ads. Or they can help content creators with donation buttons, paid channel subscriptions, or watching commercials.
However, users also have the opportunity to earn money just by viewing ads. Users can choose to see video ads uploaded by the advertiser. In this case, they get 90% of the price per view specified by the advertiser.
Users can use XRM cards directly from their wallets. They are watching, for example, or for example, or pay XRM tokens to the seller.
What are XRM tokens?
XRM Tokens is based on the Blocker Ethereum smart contract (ERC20). All transactions on the platform are clearly recorded and stored on the blockchain.
Blockchain and tokens are two important cores that can make payments transparent, anonymous for decentralized video platforms, video storage and general user agreements.
Perspective XRM Tokens:
The XRM Tokens perspective is mainly related to the development of the user base on the Refine Medium platform. The more users and more video views, the more advertisers will advertise their products. Therefore, revenue and demand for card stores will increase. In addition, a platform will appear on the purchase of various goods and services for purchases using XRM tokens.
All general agreements between advertisers, content creators, users, sellers and buyers are made using XRM tokens: this directly determines the need to use XRM tokens.
The number of XRM physical card tokens is limited. Therefore, due to the constant demand for a scarce resource, the price of XRM tokens will constantly increase.
We conclude:
Video sharing platforms like YouTube dominate the market. However, they provide additional experience for advertisers, content creators and viewers. Viewers aren't paid to see ads. Content creators only get 40 to 50% of their video revenue. And advertisers lose intermediaries. Meanwhile, the Refine Medium platform overcomes this problem. All general agreements are made directly between advertisers, content creators and users, and retailers are not included. Users who watch and subscribe to the Refine Medium video receive from 25% to 95% of the amount allocated by the advertiser. Makers upload their video content to this platform, receive 65% of what advertisers pay, and 90% of money received from users who see their premium content. Refine Medium provides accurate statistics for advertisers on each ad display. All data is recorded on the blockchain and can be checked by advertisers and third party auditors. Advertising costs are 20% lower than the centralized video platform. Payments are made directly, without intermediaries and are fully transparent.
For more information, please click the link below:
Website: https://refinemedium.com/
Whitepaper: https: //refinemedium.com/pdf/whitepaper.pdf
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=5128882.0
Twitter: https://twitter.com/RefineMedium
By: The.ojodumeh
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2638115
My ETH: 0xdEC485bb3C3265A4CD296E132A59068eba3eD951
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