Flixxo ICO – Community Based Video Distribution Platform
Flixxo is a community driven online platform or network that is responsible for the distribution of videos. It allows the users to watch videos and also share them, thereby earning some decent amount of money. The users of this platform are getting benefited with the income (Earnings) generated by the aspects of watching and sharing the videos.
The users are getting rewarded with credits in the form of tokens called flixx, which are nothing but a kind of digital tokens. Flixx tokens are the first and foremost tokens introduced over the blockchain operation. It uses Ethereum and purely relies on ERC-20 standard for token creation. Its partnership concerns include Stremio, ICO funding, and Bancor and so on.
Working Principle of Flixxo platform:
The network of Flixxo helps in the distribution and storage of videos collected from a variety of platforms. Such videos are messed up together and are made available at fixed prices. It uses the bittorrent protocol for the effective sharing and distribution of contents (in the form of videos).
The users of this platform get the additional earning benefits through several subscription options and ad viewing options. Flixxo platform was founded in 2016 and Adrian Garelik is the head of the team. Its headquarters are located in Los Angeles.
Role of producers in Flixxo:
The producers of this network are responsible for the monetization of those videos that are watched by the users. They are also responsible for offering incentives to the valuable users.
Role of advertisers in Flixxo:
The advertisers of this network are responsible for making payments to attract users’ attention into the platform.
- The value of 1 Flixx is equal to 0.00025 Ethereum , where 1 Ethereum is equivalent to 4000 Flixx.
- Minimum cap limit = 5000 Ethereum.
Allocation of tokens:
- Total amount of tokens allocated for token sale is 200M.
- Total amount of tokens allocated for partnerships is 100M.
- Total amount of tokens allocated for Flixxo team is 100M.
- Total amount of tokens allocated for giving incentives is 500M.
Allocation of funds:
- Percentage of funds allocated for marketing purposes is 40%
- Percentage of funds allocated for maintenance is 15%
- Percentage of funds allocated for the platform is 20%
- Percentage of funds allocated for legal purposes is 10%
- Percentage of funds allocated for giving incentives is 15%.
- Percentage of bonus offered on the 1st day of token sale is 30%
- Percentage of bonus offered on the days 2nd to 7th of token sale is 25%
- Percentage of bonus offered on the days 8th to 14th of token sale is 20%
- Percentage of bonus offered on the days 15th to 21st of token sale is 15%
- Percentage of tokens offered on the days 22nd to 30th of token sale is 10%.
Unique features of Flixxo:
- It is a decentralized platform specifically designed for the purpose of video distribution.
- It does not facilitate any sort of intermediary service, since it allows the direct engagement of content creators, viewers and advertisers.
- It is completely free of structural costs.
- It focuses on cost – reduction by eliminating the centralized servers, which are highly expensive.
- It delivers only contents with high qualities.
- The tokens (Flixx) of this platform are highly secure and exchangeable in nature.