Creators, broadcasters, and publishers continue to struggle to make money online. Advertisers and agencies are facing a well publicised crisis around ad-fraud. And Viewers are becoming increasingly discontented with video advertising and having their data sold on by corporations.
Refine Medium was borne out of the realization that blockchain technologies and decentralization could empower a new type of online video economy, giving greater control, benefits and rewards to Viewers, Creators, and Advertisers.
Refine Medium is a leveraging Ethereum blockchain smart contract and is the main tool for transferring value and enabling a direct and transparent relationship between viewers, content creators and advertisers. Refine Medium enables a transparent economy powered by a new micropayment capable token called XRM Token.
How does Refine Medium work?
On Refine Medium it’s completely up to Viewers whether they choose to watch adverts or not. If they choose to watch adverts they’ll get paid directly in XRM cryptocurrency by advertisers for their time. Viewers also get to decide whether they want to receive targeted advertising and whether to share their demographic information. Once again, the choice is up to the viewer on Refine Medium!
Viewers will now be able to reward their favorite Creators directly and transparently. Creators have more unified monetization options available to them than on any other current video-platform meaning new and exciting types of content will flourish.
Monetization can also be set on a per video basis — there’s no one-size-fits all model on Refine Medium:
- Free to watch with optional XRM donations
- Pay-per-view — viewers pay XRM unlock individual videos
- Paid recurring XRM subscriptions where Viewers can access all premium content
- Refine Medium’s technology ensures that advertisers only pay when their adverts are watched by a real human. If users are interested in a specific product, they can buy the product or service advertised in the video by clicking on the "Buy" button and paying XRM tokens directly from their wallet to the customer's wallet.
- Refine Medium also removes the intermediaries which currently swallow up to 70% of the value. The result is more value coming back into the Refine Medium community.
Refine Medium’s Competitive Advantage
Here are some of the Competitive Advantages of Refine Medium:
- All videos uploaded to the Refine Medium platform will use the IPFS protocol, which allows you to store files on a distributed network without a central server or centralized management. The IPFS protocol then determines on which nodes fragments of the requested file are stored and gives the client access to this file.
- Users can upload videos and create free channels
- Video producers can sell access to premium content
- Viewers can support and donate to content creators
- Users can receive rewards in exchange for watching free videos
- Anyone can buy premium content with XRM tokens
- Advertisers can advertise on the platform and send payments directly to users - including video creators and viewers
- Open source software is built on Ethereum blockchain and smart contracts
- All payments on the platform are done automatically in XRM tokens and are stored on the blockchain.
XRM Tokens
XRM Tokens is based on smart contract Blockchain Ethereum (ERC20). All transactions on the platform are clearly recorded and stored in the blockchain.
Blockchain and tokens are two important kernels that can make payments transparent, anonymous, towards decentralized video platforms, video storage and common user agreements.
Refine Medium Team
According to the website, Tycoon team comprises of professionals who want to raise the standards of video sharing industry. Here is the highlight of its team members:
If you would like to find out more about Refine Medium Platform, please visit their Website Whitepaper, or Bitcointalk ANN. You can also join their community on:
- Facebook: https://www.facebook.com/refinemedium
- Twitter: https://twitter.com/RefineMedium
- Instagram: https://www.instagram.com/refine.medium
- LinkedIn: https://www.linkedin.com/company/refinemedium/
- Telegram (Grup): https://t.me/Refine_Medium
- Telegram (Channel): https://t.me/refinemedium
Author's Bitcointalk Username: brotherhood12
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