SLATE is a blockchain based entertainment utility protocol powered by a cryptographically secure multilayered network.SLX is the cryptocurrency utility protocol that drives the Slate Entertainment Ecosystem. The SLATE blockchain network is the public ledger for SLX and the engine of Slate Entertainment Services. The decentralized system will deliver low-cost, high-speed, high-definition video globally and facilitate live event ticketing on the blockchain. Consumers will be able to spend SLATE cryptocurrency (SLX) on some of the best entertainment the world has to offer. The use of SLATE enables fair and transparent compensation between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment.SLX cryptocurrency motivates service providers to maintain an always-on global network. . Tickets purchased with SLATE will be forgery resistant, virtually eliminating fraud. Service providers holding SLX can earn even more by storing and delivering content.
And for more details about SLATE refer to the following video
About token
The initial sale of SLX will capitalize the development of the SLATE Network and the Slate Entertainment Ecosystem. The initial sale also distributes SLX to participants in the SLATE Network as service providers, consumers, or both.
The total sale distributes 48% of the total network supply of SLX coins. The sale is structured so that earlier purchasers get fair bonuses. The Token sale opens at three cents ($0.03), and rises by a quarter of a cent ($0.0025) every four day period, to a peak of 4 cents ($0.04).
Trustless transactions mean fast payments that bypass banks and bureaucracy, while still honoring the licensing agreements. Accessible content. Fair payment. The road to freedom is being paved by the blockchain We believe that consumers are the only authorities that matter when it comes to content decisions. Not governments. Not companies. The blockchain gives power to the people. Binge’s decentralized distribution system is unstoppable, safeguarding consumer choice. Slate cryptocurrency will eliminate barriers to international commerce since the blockchain mediates payment to content creators and license-holders.
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