7 Mar: I like the project, I just don’t like the large bonus they gave, somebody told me (about) 100 percent bonus, actually not sure if that’s been verified, but I do know 80 percent has been confirmed, right, with no lockup. I’m okay with large bonuses, I know people have to be rewarded for being early that’s not the problem, the problem is when they have no lock-up and they can just go on exchanges and dump and that’s then it’s not cool.
27 Feb: VideoCoin is a great project guys, I have it as 87% but I’m not touching it cause, I’ve been told but not verified that some people got 100 percent bonus so that is going dump. 100 percent bonus with no lock-up. I don’t touch any project with more than 50 percent without lock up. That would dump straight to hell right yeah so not gonna be touching that anytime soon.
Advantages.
1. The business that is led by the famous entrepreneur in Silicon Valley is a big deal.
2. It is a service that builds traffic as distributed compensation system, not simple compensation system service in the video industry. It's specialized in video traffic, which means few competitors.
3. It is one of the few ICOs that can raise hard cap with institutional investment alone.
A complementary point
1. Videocoin competitors are likely to be YouTube or AWS. It is anticipated that there will be considerable difficulties in getting to market through the niche market. In order for the service to be stable, many members are required to participate.
2. Tokenomic is opaque. Many institutional investors have participated, but for individual investors it can be quite unfair because Videocoin do not open the bonus percentage of private sales.
3. The contents have not yet come up in the github and the specific mvp is not up yet. The roadmap is slow.
- The team is strong in both the business development as well as technical side. The CEO, Halsey Minor, has a stellar entrepreneurial record and co-founded multiple billion-dollar companies before.
-If the team can deliver on its promise and be able to provide video infrastructure services at 50-80% cheaper than existing solutions, then it has a huge market potential.
- The advisors of the project are from some of the biggest film studios such as 20th Century Fox and Paramount Pictures. This can help Videocoin to have quick and wide adoption if the project can partner with such companies.
Concerns:
- The roadmap is quite vague so we cannot gauge the level of planning the team has in terms of executing its vision.
- The project is at a fairly early stage, with the Alpha scheduled to be launched in January 2019 and Beta being launched in July 2019. Also, there is no MVP/proof-of-concept being developed yet.
- There will be significant dilution going forward after mainnet is launched. When all the coins are minted, only 12% of total coin supply is from ICO contributors.
Conclusion:
Overall, we like the long-term potential of the project. This project is a bet on (1) the all-star team that has launched several multi-billion tech companies, and (2) the substantial market potential for video streaming which make up the majority of internet traffic and is also the major source of growth going forward.
VideoCoin sees itself as “the Airbnb of video”. The platform will allow companies to utilize under-used data center resources, putting them towards processing and storage jobs on the VideoCoin network in exchange for VideoCoin tokens. This creates a distributed network of hosts that can provide services similar to a content distribution network or centralized video host – but with reduced costs and reduced censorship.
Summary
Mainly, VideoCoin offers a decentralized solution to the video industry. By doing this, they help make an open network where users are rewarded for assisting each other and by donating their computing speed to the network. For movie aficionados, this ICO might be a great choice.
Positives
Rewards: VideoCoin rewards everyone for participating in their network. It doesn’t matter if you’re mining, distributing videos, or if you’re just tuning in. You’ll receive tokens for your time on the network.
Avoid Intermediaries: Since VideoCoin is made through blockchain technology, it reduces the need for third parties and charges high fees for their service.
Privacy: VideoCoin offers increased privacy because of end-to-end, decentralized encryption.
Negatives
Video Quality: Will VideoCoin censor videos that are too graphic, offensive, and suggestive?
Off-Chain Token Usage: How will the tokens be used outside of the platform? Can it be used for other integrated video services?
Videocoin is a decentralized network that provides cloud video infrastructure with video encoding, storage, and content distribution. VideoCoin implements decentralized video infrastructure, thereby creating a competitive environment for video miners that’ll compete to earn rewards by providing computing power.
These video miners can run on data center servers, household desktop computers or even mobile phones, creating a powerful network of computers that would otherwise go unutilized. VideoCoin incentivizes miners to use such unused resources and provide all computation power, storage and bandwidth available.
VideoCoin stakes a claim to be the first Fiat-Based blockchain business. Clients using the VideoCoin Network pay for services in fiat which is then distributed to miners and stakers in fiat-based off their contribution to processed work on the network. Its a payment of 90% fiat and 10% tokens for miners on their network. The participants of VideoCoin network can benefit from the following activities:
-Storage Miners: Those who provide their computing hardware for video storage will receive rewards in the form of Fiat and VID tokens.
-Distribution Miners: Paid proxy servers that earn by delivering videos to users, acting as the gateway between the VideoCoin network and the Internet.
-Compute Miners: Execute video functions - mainly transcoding – by providing CPU time; the more computation, the higher the rewards.
-Relay Miners: Miners that relay storage transparently to third-party cloud storage servers (e.g. unused capacity on AWS) will be rewarded according to the amount of storage given.
The project has recently updated their tokenomics and now network rewards miners without inflation revenues go from fees and Fiat. Token inflation has been eliminated and the total supply cut by 70%. The supply will be further reduced to 14% with the first-year lockup of non-presale tokens.
Videocoin platform is still in development and the alpha version of the platform has been released on January 2019. They have already conducted the token sale in May 2018 and crowdfunded $50m from ICO. This project is not listed yet - but we believe it is worth to follow their channels for upcoming big news that should be soon according to our sources