The ICST Story: Pioneering Content Sharing on the Blockchain Network
Blockchain technology is poised to become the next major technological innovation of our time. Since the invention of bitcoin put blockchain in the spotlight in 2008, the network has been continually evolving, expanding, and gaining the attention of industries around the world. One industry in particular stands to be revolutionized by the technology – content creation.
The internet opened the doors for content creators around the world to make a living. However, there’s a catch – all of their content is currently controlled by a middleman like YouTube, SoundCloud, or Instagram. While these platforms have made it possible for people to globally broadcast their content and gain a following, they limit individuals from having complete control over their content when it comes to distribution, copyrights to their work, and compensation. Content creators are at the mercy of these platforms to provide them with a sustainable livelihood.
This is where the power of the blockchain comes into play. By providing a decentralized ecosystem for sharing data and making payments, individuals will be in more control of their content than ever before. (short for Individual Content & Skill Token) is a promising new ICO that’s looking to revolutionize the content creation industry through blockchain technology.
ICST’s goal is to improve the content sharing industry across the board, for both producers and consumers of content. For content producers, the platform will provide them with complete control over their revenue and allow them to maintain the copyrights to their content while decreasing the hosting costs associated with broadcasting content online.
On the other hand, content consumers will be able to enjoy endless streams of new content, without having to view an exorbitant number of ads in the process. There will be lower transaction fees and a fully integrated rating system that will allow consumers to explore and enjoy the best content available on the internet. Consumers will be able to view how often content is being accessed, the experience level of skills providers, and the reviews of past consumers.
In addition, ICST will provide a new framework for content producers to sell their skills online. For example, if a consumer is interested in learning a particular skill, they’ll initiate a smart contract and be paired up with relevant skills producers through the platform. People will be able to learn absolutely anything – singing, dancing, art, gaming, languages, Photoshop – you name it – the possibilities are truly endless. The ICST platform will not charge any fees for these transactions, so the skill providers will receive 100% of the profit for sharing their knowledge.
Built on the Ethereum blockchain network, ICST is will be able to provide an unparalleled level of transparency, efficiency, and security for the entertainment industry.
The road ahead looks very promising for the ICO. Their private token sale was an overwhelming success and helped them secure partnerships with some of the leading entertainment and social platforms, like Starmaker, The Voice, and American Idol, building up a userbase of over 50 million users before their launch. Starmaker is set to be the first social media content creation application to migrate onto the ICST blockchain platform, with many more to come.
In addition, ICST is backed by billionaire Chinese gaming tycoon, Zhou Yahui. His company, Beijing Kunlun Technology, is the parent company of ICST and Starmaker and owns many other online platforms including Grindr and Opera. The company recently sold Music.ly for a hefty sum of $1 billion. Zhou’s influence will play a major role in ICST’s growth potential in the next few years.
This is only the beginning for . Without a doubt, this is an ICO you’ll want to keep your eyes on. You can follow their progress at .
Images courtesy of ICST
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Published at Fri, 04 May 2018 18:00:28 +0000
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Ever since the sale of SatoshiDICE in 2013 for a record-smashing 126,315 BTC ($315,787,500 USD in today’s prices), dice betting has played a major role in blockchain history. To investors, iDice represents a revolution in the blockchain gambling sphere. iDice’s revolutionary mobile app brings the long-awaited dice game to mobile devices.
The timing is perfect, as Ethereum’s market quickly catches up with bitcoin. It is a prime opportunity for crowdfund investors to get in on the growth of Ethereum as it continues to make all-time highs.
iDice’s business strategy is simple. Instead of competing directly with pre-existing betting Dapps on desktop websites, it targets mobile users with its upcoming app. There is currently no mobile blockchain betting platform that exists. Players looking to play from mobile devices have to deal with cumbersome mobile version sites, something iDice is looking to eliminate.
Jordan Wong, Founder and CEO of iDice, emphasizes the importance of mobile development not just for gambling but for blockchain technology:
Studies have shown that the majority of all internet traffic nowadays come from mobile devices. Mobile apps grow insanely popular in a very short period of time. People spend more time on their phones than any other platform. I think the future of blockchain technology is in mobile devices.
Currently, 68% of all searches originate from mobile devices with mobile devices making up the majority of all internet traffic. Jordan believes that this market opportunity is too good to pass up for investors.
I think our selling point is our unique approach to gambling. We’re not trying to compete with existing platforms here. We’re doing something different. We’re creating a new market that nobody’s ever been in. It’s a huge opportunity for us to dominate and show what our app is capable of.
With Ethereum prices reaching new all-time highs, iDice represents an opportunity to enter the cryptocurrency market in a unique way. iDice tokens are standard ERC 20 smart contracts that automatically distribute profit to its token holders, similar to how a preferred share pays dividends to shareholders.
Token holders are also able to enjoy having the house edge on their side meaning that they are statistically more likely to make money. In a world of grandeur and future promises, iDice tokens are one of the few tokens that can be considered a legitimate investment.
Images courtesy of iDice, Shutterstock
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