Introduction
People enjoy free stuff, No matter which area it serves. Torrents and tube sites are one of many ways where free content thrives. People behind this platform may believe in the free flow of content and information but if it does not help the creators of the content. No matter how long it takes, the medium is bound to vanish if it does not reward creators. Adult entertainment is one such example. People easily use free and pirated content without any repercussions. Many people in the sector have tried various ways and means to create a revenue model to survive their business. The complex network of the internet provides free stuff to the people who are prone to access only free content.
The adult entertainment is a multi-billion dollar industry which has seen many innovative revenue schemes with the application of internet and online world. The Global audience has become obsessed with the video content. The rise in the video content consumption is forcing business to adapt to the changing circumstances. Providing people what they want to see is the first priority of the content industry. A few of the problem that becomes the roadblock in the today's content revenue stream is mentioned below.
- Presence of too many Intermediaries in the Industry
- Lack of quality of the content which is generally offered free by the advertisers
- Lack of the User Engagement in the face of increased ad Promotion
There are a few other problems in the video content ecosystem, which is working against the growth of the industry. We have to prepare ourselves for the times ahead as the Internet penetration coupled with Increased Video content consumption will help grow this industry.
Solution Offered
Vicetoken.com is ready with a new monetization model. It aims to disrupt the content monetization model of the Adult entertainment by bringing decentralisation and cryptocurrency. The coins will be part of the model which will act as a reward and payment for the content consumption. The content producers, the users, the advertisers will be part of the new content monetization model created by the Vicetoken.com.
They have employed proof of brain basis for token generation. Their model is named attention model where everyone is paid for their respective work. The content curator, the content producer and the viewer are all paid with the cryptocurrency.
ICO INFORMATION & TEAM
To create a platform for decentralisation, they are conducting an ICO. Vice Industry Token is created for public crowdsale and for the platform. A total of 4 billion tokens are created. The Token sale will start from the 1st February 2018 and continues until the 1st March 2018.The funds will be utilised for the development and marketing of the Vicetoken.com Platform.
The team behind the platform is ready to bring a unique and innovative model, where the viewer is paid. They are experienced Broadcasters and Filmmakers who have been in the Industry for years.
Conclusion
In many countries, the rules and regulation are tougher which creates many illegal routes for people to access such content. And, in many countries despite those standard rules, it becomes rather difficult for content producers of the adult entertainment to build a successful company. The current revenue for the adult content comes mainly from the traffic. 62 % of the revenue is generated by the traffic.
According to an estimate, only 24% of the revenue is generated from the adult content. They are offering more than free content to the viewers of the content. Their unique content tracking mechanism solves the issue of piracy by paying more to the original creators. They believe that consumers are the driving force of the industry and creating a business model which pays them would be a great start. They have found support from the top adult websites in the world. I think it is a major disruption, which will change the way video content revenue stream Works.
Important links:
Website: https://vicetoken.com/
Whitepaper: https://vicetoken.com/static/Vice_Industry_Token_Whitepaper.pdf
Authored By: Etheran
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1108165