Contentos: The Decentralized Global Content Ecosystem

Hello friends - everything returns to my Blog. This time I will provide information and invite you to work on a very good new cryptocurrency, called Contentos. Before heading into the discussion I think we all agree that blockchain technology still requires efforts that encourage adoption to continue to grow and continue to grow in the future.

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With the global development of mobile internet and the widespread use of smart devices, a large number of digital content is now produced in the context of text, images, video and audio. Global advertising revenue in 2017 reached USD $ 530 billion, while the content industry generated significant $ 77.4 billion in revenue in China. Content and traffic generated by billions of global internet users has encouraged the emergence of internet giants such as Facebook, YouTube and Twitter. These companies control access and distribution of digital content, as well as revenue allocation.

Cellular video has experienced rapid growth in recent years with a trend that is increasingly divided, cellular-centered, and long-tailed content. In 2017, video traffic accounted for 55% of global cellular internet traffic. It is estimated that it will reach 79% by 2020. Cellular data traffic will increase seven-fold
between 2015 and 2020. Cellular video will be the main carrier of information in the near future.


In 2016, total mobile video ad revenue was around $ 8.3 billion USD. With an increase in user penetration rates, it is expected to increase by 49% in 2018, reaching almost $ 18 billion USD. In addition, according to Blue Lotus Capital Advisors Limited, short videos will become one of the dominant content forms on mobile internet, expected to generate $ 10 billion in advertising revenue in 2020.

Statistics published by CNNIC show that, as of December 2016, among 730 million internet users in China, 344 million were direct streaming application users, with penetration reaching 47.1% and market cap exceeding USD $ 10 billion. We can conclude that, among the 3.8 billion internet users worldwide,
1.7 billion of them may be direct global video viewers. In addition to revenues received by internet megacap companies that provide direct streaming services, such as Facebook, YouTube, YY, and MOMO, broadcasters themselves also get a considerable amount. According to Top-Earning.

YouTube Stars published by Forbes, the annual opinions of registered publishers exceed USD $ 10 million; some can generate up to US $ 16.5 million. Although huge advertising revenue can be generated and a very centralized content platform can accessed in the digital content industry, it has long suffered from an uneven income distribution lack of copyright protection. The digital creative community needs more openness and transparency distribution model to protect the interests of users. Contentos's goal is to penetrate cellular videos sectors, including but not limited to live streaming and short videos, to develop new digital a content ecosystem that empowers all members of the global digital content ecosystem.

Vision

Contentos's vision is to build a decentralized and global digital content community that allows content to be freely produced, distributed, valued and traded, while protecting the rights of authors.

Contentos will encourage the creation of global content and diversity and restore the rights and value of content to its users. Contentos will be a public content protocol that not only carries the content and value of advertising but is also a memory chain that records every user contribution.

Infrastructure

The decentralized digital content system The Contentos protocol aims to build a system of incentives and distribution of content that is distributed globally through the utilization of distributed storage capabilities of blockchain technology. The protocol will allow content creators to earn revenue without relying on a centralized platform; instead, digital content can be produced, stored, and distributed free of charge to reach consumers and advertisers directly. This results in a situation where value is measured fairly, and prices are open and transparent. The contentos ecosystem will include a system for content distribution, copyright registration, creators
certification, along with social features like likes, sharing, and comments.

Transactions and financial system

COS will be a Contentos cryptocurrency in the ecosystem that is used to reward positive contributions and to pay for services on the network. Smart contracts will automatically make payment transactions and distribution of prizes without participation from third party intermediaries

Core values

The Contentos system abides by the following core values:

  • Open and transparent pricing that benefits all parties
  • Content creators maintain ownership of their content
  • Content creators hold preferential revenue rights
  • All forms of contribution can be quantified and rewarded

Contentos is run by a nonprofit foundation and its fundamental objective is to serve the public. This maximizes the value of content creators and system participants and allows all participants to benefit from the prosperity and growth of the ecosystem.

The main token of Contentos

COS is the original token of the Contentos system. COS has more than 100 million potential cold start users worldwide (see Investors and Strategic Partners). 10 billion COS tokens will be issued, which is the ERC-20 Standard Tokens token based on the Ethereum protocol. After the release of the native COS Token, the exchange rate will be 1: 1 (ERC-20 Token COS: original COS token). Backup content is the right to issue up to 5% of new COS tokens every year, especially for environmentally friendly incentives, however the board has the choice to make a final decision about the number of annual increases.

Publishing

Personal sales will reach 30%, which will be distributed among investors and consultants. That the reserve fund is set at 10%, and the founding team is 15%. 40% will be allocated to the ecosystem user operations and prizes, and the remaining 5% will be used for community cooperative activities.


*Token mining: In terms of the circulation of COS tokens, the 4 billion tokens for ecosystem operations do not participate in any type of circulation in the early stage but are allocated as rewards to content creators and miners. According to the number of users, these rewards are divided into 12 years and gradually released. (For details on the release of tokens for ecosystem operations, please refer to the “Ecological operation reward model” and the “Kick-start reward strategy”)

 Plan for use of fund raised 

70% of the funds raised will be used by Contentos for research and development; 20% will be used for publicity and promotion, and 10% will be kept as reserves.

Tokens for ecosystem operations 

To quickly establish the ecosystem during the initial stage and encourage early user adoption, COS tokens will be used to kickstart the ecosystem and reward the contributions made by content creators
and users. Users engaging in malicious behaviors will be disqualified from earning rewards. Additionally, in order to promote a certain level of positive engagement, users will need to achieve a minimum credit rating in order to claim their rewards (See “Contentos credit system”). The number of COS tokens users hold determines the final share of rewards distributed to their accounts. Once a sizable user-base is established, users will be able to provide services to earn tokens.

Ecological operation reward model 

The 4 billion tokens (i.e. 40% of the total supply) that are allocated for ecosystem operations can be divided into two parts: 3.5 billion is the regular reward to encourage users to participate in the Contentos content ecosystem. 500 million is the kick-start reward, providing the certified DApp developers with rewards for calling users to join Contentos ecosystem.

The total number of regular reward tokens is 3.5 billion (i.e. 35% of the total supply), which will be released in 12 years. The annual release amount will increase based on the total number of Contentos users. In the first year, 0.448% of all tokens will be released, and the amount will increase linearly year by year until the release of 5.432% in the 12th year. The gradual release of tokens with reference to user growth will help to stabilize the price of tokens and grant appropriate rewards to early participants. Later participants can still benefit from the distribution of eco-rewards. The Contentos system produces a new block every 3 seconds. When the block is produced, it also releases reward tokens. Taking the first year as an example, when each block is produced, about 4.26 tokens will be released into the reward pool.

This is what I can say in my explanation on this blog. If you need accurate and reliable information, you can visit their official link, which I provide below:









Author: ade priyatno

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