Slate Entertainment Group has announced the launch of their Slate (SLX) Blockchain network, in a bid to revolutionize the entertainment world.
The Slate team will give users a vast array of entertainment services including blockchain video on demand (BVOD), BINGE and more.
If all goes as planned, Slate’s blockchain video on demand (BVOD) will go into the records as the first premium decentralized streaming platform to use blockchain technology.
It will also integrate DLT into Binge to enable users stream content seamlessly while providing real-time revenue sharing between content creators and providers. It also collates behavioural analytics that reveals consumer tastes.
The Slate ecosystem also has a mobile app called SLATIX. Users can get excellent contents of their choice via a curated system of authenticated reviews. Users can also earn discounts and invites to entertainment events, movies, concerts and more.
According to the team, curation of a credible review system is incentivized with Slate tokens. The Tickets are secondary tokens on the Slate blockchain, they can’t be forged, and they are exchangeable in the secondary marketplace.
The Slate blockchain platform will deliver cost-efficient, high definition videos at super-fast speeds to users globally. It also enhances live event ticketing on the blockchain. Slate tokens will be used to purchase entertainment products and services globally.
Content creators, distributors and users will be rewarded with SLX tokens.
Additionally, the Slate network comes with a secondary layer of Masternodes that store videos that will, in turn, be sent to Binge users. All owners of master nodes will be rewarded with SLX tokens.
Consumers are at the top hierarchy layer of the platform. The Binge peer-to-peer distribution network protects consumer preferences.
The SLX tokens facilitate transactions on the platform, eliminating all challenges of international e-commerce.
Token Sale Information
During the presale, 48 percent of the total available SLX tokens will be sold. There is an early bird bonus of 45 percent for contributors. SLX tokens are valued at $0.20 per token.
The presale bonuses start at 5 percent for the first five days, and then it decreases by 1 percent every 5 days.
In the crowdsale, SLX tokens will be sold at the rate of $0.27 per token, and it will rise by $0.02 every four days until it gets to 0.35 cents.
The SLX token presale begins on May 11, 2018, and runs until May 26, 2018. The crowdsale will begin shortly after the presale.
For more information visit https://slate.io/SLATE_WHITEPAPER.pdf