BUZZSHOW - is the only fully developed reward based social media video network

Video has become a mainstay of entertainment. The rise of video platforms like YouTube and Vimeo has increased the demand for video exponentially in developed countries and increasingly around the rest of the globe. Since this multi-billion dollar industry is run by large for-profit corporations, it is no surprise that they earn increasing profits thanks to valuable content created by often underpaid or even unpaid creative minds. For other users, like viewers and curators, it is even worse. These users’ social activities, reviews, recommendations for great content or invaluable political content receive no compensation or at time are even censored. Some firms like Facebook and Twitter do not have any revenue sharing formula at all, despite earning billions of dollars from advertisement revenues. On the other hand, the price-gap with paid online video services is unnecessarily wide, as paying for content without commercials is only possible on subscription-based or pay-per-view media. Buzzshow offers a fresh, decentralized approach to the online video market that will put the power back into the hands of the creators, curators and consumers that form the very foundation of the market. Based on a decentralized ledger system, so that the community of content creators, curators and consumers get to decide among themselves what value they appropriate to each other services, without a central party standing to take majority of the profit. This means an opportunity for all users to get economical rewards every time they register, view, upload, recommend or share a video.

WHAT IS BUZZSHOW?

What is Buzzshow? Buzzshow is one of the first video social network sites that adopt blockchain technology to provide a platform that puts the interests of content creators, curators and viewers first. The blockchain uses Goldies as the cryptocurrency that incentivizes creation, sharing and viewing of videos on BuzzShow. Members of the platform not only earn as a content creator, but they also earn when they share videos and when they view videos. This is the first fully developed social video network that allows everyone involved to contribute and earn money on the platform. BuzzShow is committed to ensuring that the revenue generated from advertisements and premium subscriptions are equitably distributed between the entire “food chain” including content creators, curators, marketers, and the consumers according to the level of their participation and popularity on the platform. Most other video sharing sites retain around 50 percent of the revenue from advertisements, as in the case of YouTube which uses 55-45 revenue sharing percentage scheme, or keep the entire revenue to themselves as in case of Facebook and Twitter. Under these scheme content creators and curators, are forced to share the remaining smaller part of the revenue, despite doing most of the work. Buzzshow aims to disrupt the industry by giving all parties involved a stake in the revenue generated from content creation.

HOW BUZZSHOW WORKS ON THE BLOCKCHAIN

The platform will be using InterPlanetary File Sharing (IPFS) to ensure that the content is truly decentralized. IPFS is a content-addressable, peer-to-peer hypermedia distribution protocol that is designed to create a decentralized and permanent method of sharing and storing files. It allows files to be stored without relying on a centralized database as most video websites rely on. As a result, it is not susceptible to any DOS attacks or ransom-ware attacks because the videos will be held on multiple devices. The benefit is that it is faster, more open and safer than the database reliant methods of streaming video. This technology is useful for temporary decentralized while saving bandwidth costs considerably.

BENEFIT OF USING BUZZSHOW

How Buzzshow Benefits Users Different users of the platform will get different benefits depending on their contribution to the site. The specific benefits for each of these groups are as follows:

Video creators will earn Goldies for both creating contents and adding it to their channel as well as when users view the video. This gives video creators a dual chance of earning revenue. They can also charge premiums if they would like.

Video curators will earn Goldies every time they share a video or when a video is viewed on their channel.

Viewers will earn Goldies when they watch videos on the platform, and they can use these Goldies to pay for premium content from their favorite content creators.

Advertisers can buy Goldies for use to pay advertising space either from the curators or specific content creators.

Validators verify the adverts that are included in video to ensure that advertisers only market based on the advertising space. These validators are paid using Goldies.

Moderators earn Goldies by validating whether the content shared by creators adheres to the terms and conditions. They flag issues like racism and inappropriate content to ensure that users do not violate their terms.

Developers / Platform retain some of the Goldies reserved for them. Additionally, they earn based on any plugins and upgrades introduced to the platform.

Buzzshow will provide a storage option by liaising with other decentralized storage firms and allowing content owners to pay a small fee to store videos on the blockchain.

FEATURES OF BUZZSHOW

Features of Buzzshow Users on the platform will earn money when they upload their first video on the platform. This is a very simple way of earning Goldies even before the demand on the site grows. They can also earn with every confirmed referral on the site. Once the user registers based on their referral, they also get some Goldies. Another feature is the ability to create channels and upload a video for free. No paid option offers content creators greater capital opportunities. Everyone starts at the same price, and it is completely free for everyone. This discourages firms from paying for preferential treatment on the platform. They will support their favorite content creators by sending Goldies. These Goldies will not be charged an outrageous transaction fee like Patreon and other donation platforms, but rather a micro-transaction fee that is near zero. This will ensure that creative content creators get the support they need. Additionally, content creators can sell access to their content allowing them to earn Goldies if their content is of high quality. Users can access this premium content by paying Goldies they earn on the platform. Advertisers will be able to pay content creators and curators directly to ensure that the adverts are placed in videos for the right target audience. This is a more effective strategy than the random advertisement placement without any input from the advertiser.

Online Video Storage with IPFS Buzzshow will be using IPFS to avoid the use of a centralized control center for the videos. This ensures that the videos are stored in a truly decentralized manner. As a result, any connection problems in specific regions do not affect the rest of the files. The videos will also be subdivided into multiple parts that are duplicated to ensure that it can be retrieved even when there is a problem on the blockchain. The content created will always be secured.

TOKEN SALE

Token sale is aimed to release a Buzzshow platform developed and tested into the market and expand the network of viewers and creators using the Buzzshow system and get the Buzshow Tokens prize. This will specifically build alpha platforms that have been developed and tested, which have been developed and active, not just a concept. This is a major deviation from most ICOs that only offer concepts and mostly sells Tokens to raise funds for development, and obviously does not work as a utility Token. Buzzshow has created an alpha version of the platform that can be accessed by contributors through the website. The available TOKEN SALE coins will be limited to 150,000,000 Goldies.