Later this month the decentralised media-sharing platform company ‘Snapparazzi’ will
be releasing the first version of its application.
The main focus of Snapparazzi appears to be its quest to be
different from the existing mega-platforms and the aspiration to become a
completely decentralised system.
With an online global community reaching tens of thousands of
supporters, Snapparazzi is regularly emphasising, in its social media
campaigns, the importance of ‘fair rewards’ for users of the platform
(Creators, Viewers and Moderators).
60% ad revenue for Creators and 20% for Viewers
What it is actually offering is a substantially higher percentage
share of advertising revenue (60%) to its video Content Creators compared to
the amount assigned by current popular platforms.
However, the crucial difference is the added incentive for
Viewers to earn, simply by watching videos with targeted advertisements,
(20% of ad revenue) and the fact that rewards will be given, mostly, in
cryptocurrency.
Can the Blockchain solve the problems facing traditional
video-sharing platforms?
Thanks to the
Blockchain Technology, Snapparazzi has created its own utility token to fuel its ecosystem,
SnapCoin (SNPC). Given the speed and security blockchain provides
for payment systems, this clearly gives a platform such as Snapparazzi an additional advantage.
A noticeable amount of “bad press” has come to light recently, with
regards to payment issues for video creators to earn a living. A whole host of
complaints has transpired including; technical faults involving data
management; lost and frozen view counts and comments; de-monetisation, and censorship battles. A nightmare for Creators!
From Niche-Market to Mass-Appeal
Snapparazzi was represented at London’s ExCeL Exhibition Centre last
month for the and
conference, where video Creators, Agents and Industry Experts connected to
share experiences and knowledge.
The proposed business model that Snapparazzi explained there was
enthusiastically received amongst this collective group. In an unusual twist, Snapparazzi will allow to aid mass adoption. Although at first
this move seems to contradict Snapparazzi core values, responses were
positive.
Perhaps this is the way forward to attract, introduce and convert
the general public into using cryptocurrency?
Intense activity: Token Burning, Stack Bonus Incentives, New
Listings
As for the SnapCoin token itself, there has been plenty of activity
logged in recent weeks.
Firstly, , planned to raise the value of the SNPC currently in circulation.
The current crypto-market, we know, is especially challenging! On reflection,
this platform will ultimately benefit from being fully operational, allowing
its utility token to function as intended and really strengthen its value.
In order to help coin-market matters, Snapparazzi is actively
encouraging its token holding community to continue to HODL their SNPC
through a ‘Stack Bonus Incentive Scheme.’ An was recently published, and February saw the first of the 12
monthly distributions planned. According to their own blog, tokens are
automatically sent out to private addresses containing SnapCoin.
The ‘Stack‘ is evidently a mix of surplus tokens from the ICO and additional
tokens relinquished by Snapparazzi team members and advisors, that they say
is a show of their confidence and dedication to the project.
An exclusive first glimpse of the Snapparazzi DApp!
The company has just released the first images of the DApp
screens, which have been custom designed to incorporate features such as
crypto-wallets and to show platform Users their balance and earnings in SNPC
and Fiat equivalent.
Home-screen icons lead users to the key Snapparazzi elements of
Content Creating, Viewing and Moderating.
Overall it looks like a promising product and concept, but
competition in this arena is notoriously tough.
It will be interesting to see how the launch of
the DApp affects the market movement and value of the SnapCoin.
Join Snapparazzi :
Twitter :
Telegram :
Instagram :
BTCTalk :
Reddit :
Facebook :
YouTube (!) :
LinkedIn :
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Published at Fri, 01 Mar 2019 06:13:49 +0000
