DESCRIPTION
Refine Medium is a decentralized media platform rendering authentic and high quality video content. It is built upon Ethereum technology designed to enable viewers, creators and innovators of the platform to connect via blockchain based smart contracts. A one-of-its-kind platform that will incentivize each and every stakeholder for their contribution to the platform.
A $ 2 trillion industry
The entertainment and media industry generates over $ 2 trillion in annual revenue worldwide. Also, half of the world’s population watches videos online. Studies show that over 82% of global internet traffic is used for video and audio.
Entertainment and media companies around the world are increasingly affected by decreasing public confidence. Therefore, Refine Medium believes that trust is a vital tool to attract participants and sustain the ecosystem in the future.
An ecosystem based on trust
The Refine Medium platform is built on 5 pillars
- of content trust – copyright protection mechanisms. Videos can only be downloaded for a fee, so content creators are rewarded for their work.
- audience trust – the platform facilitates the fight against social media phenomena.
- information trust – real and easy-to-see statistics that reveal the effort-benefit ratio.
- token trust – distribution through verified smart contracts
- trust in the ecosystem – moderators are voted by the community and rewarded according to their work. If their activity is not appreciated, they can be removed from the function based on users’ votes.
How it works
The interface for Refine Medium is very intuitive and makes viewing, uploading and evaluating videos very easy. It is based on the principle of decentralization, and videos are uploaded only if they get a certain number of votes. The network has moderators who vote for videos, and subsequent evaluations generate rewards for content creators.
The application will have the following essential features:
- 24/7 video streaming and easy upload
- Automatic Rewards via Smart Contracts
- Space Boost
- Data Boost
- Refine Medium Wallet
- Transparent and secure transactions with the XRM token
Technical aspects
The videos uploaded on the platform use the IPFS protocol. It allows files to be stored in a distributed network without a central authority or a central server. IPFS is a peer-to-peer protocol where each node stores a collection of hashed files.
The files that host the files are not known in the IPFS. Access to files is strictly hash-based. To prevent unauthorized access to data or abuse by its own IPFS host nodes, the stored data will be completely encrypted.
Each user who views clips will donate a small portion of the processing power to mine Ethereum. They will be rewarded with cryptocurrencies to host content for longer periods. The Refine Medium is self-supporting. As more and more users are using the platform, more computing power will be available. The more it grows, the more node owners are motivated to store more data.
ICO Refine Medium
The project will be launched in three stages:
- The private sale stage will take place between 25.05.2019-15.06.2019. 15 million XRM tokens will be available. During this time, the beta version of the application will also be released.
- The pre-sale period will be 25-06.2019-15.07.2019 when 30 million tokens will be offered for sale
- The actual ICO will take place between 25.07.2019-30.09.2019 when 150 million tokens will be sold.
The project accepts ETH, BTC, BCH, and XRP, and ICO participants do not have to go through KYC checks. The ICO aims to reach a hard head of 170,000 ETH.
The Refine Medium promotion will be realized through a bounties system hosted by Bountyhive.io.
Refine Group of Companies Limited is registered in Hong Kong. The team includes blockchain specialists mostly from India.
Milestones
1
Q3 2018
Idea & concept formation.
Market Suvrvey & Research. Team formation.
2
Q4 2018
Project Planning.
Technical Scope Study.
Company & Domain Registration.
3
Q1 2019
Website launch & Newsletter.
Whitepaper disclosed.
Tie Up with technical experts & advisors.
Engaging multiple communities.
Airdrop & Bounty system management.
4
Q2 2019
Announcement of ICO.
Media Awareness.
Beta version launch.
Private Sale.
Pre Sale.
5
Q3 2019
Pre Sale Continued.
ICO.
Bug bounties.
Events & Partnership.
6
Q4 2019
Listing in active exchanges.
More Tradeable exchanges.
Diversify raised funds.
Airdrop.
7
Q1 2020
Dapp Launch Phase -1.
Search Engine Optimization.
Expanding Refine Medium usage through different platforms.
Expanding the user base.
8
Q2 2020
Dapp Launch Phase -2.
Launch Mobile Version of Dapp.
Refine Medium dedicated wallet.
Diversify our Platform.
Creating our own blockchain.
more information:
Website: https://www.refinemedium.com
Whitepaper: http://refinemedium.com/pdf/whitepaper.pdf
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/
Reddit: https://old.reddit.com/r/RefineMedium/
Telegram (Grup): https://t.me/joinchat/Gd45-BKEzwRk9YsbmDmgcg
Telegram(Kanal): https://t.me/refinemedium
Youtube: https://www.youtube.com/c/refinemedium
Medium: https://medium.com/refineupdate
author:
kingkong777
https://bitcointalk.org/index.php?action=profile;u=2420723
0xA5233F1cBEfE87fbc311348798Bf479E9d2794e5
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