29 Jun 2018

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SLATE ICO Review : Entertainment Utility Protocol


What is SLATE?

SLATE is a blockchain-based entertainment utility protocol powered by a cryptographically secure multilayered network. 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. Tickets purchased with SLATE will be forgery-resistant, virtually eliminating fraud. Service providers holding SLX can earn even more by storing and delivering content.

Basic Information

Token
SLX
PreICO Price
1 SLX = 0.02 USD
Price
1 SLX = 0.03 USD
Platform
Accepting
ETH, BTC, LTC, BCH, DASH, XRP, NEO, XMR
Minimum investment
0.01 USD
Soft cap
20,000,000 USD
Hard cap
125,000,000 USD
Country
Whitelist/KYC
KYC & Whitelist

Restricted areas
Canada, China, North Korea, Sudan, Syria, United States of America

Whitepaper                   https://slate.io/Slate_Whitepaper.pdf
Website                        https://slate.io/#home
Announcement             https://bitcointalk.org/index.php?topic=3399383 
Telegram                      https://t.me/Slate


How it's Protocol?

The Slate protocol is an open-source codebase that builds upon the developments of DASH, PIVX, and LBRY. SlateChain makes three key adaptations to these established protocols that collectively will optimize Slate for both blockchain based streaming service and ticketing functionality. SlateChain is a Proof of Stake (PoS) system, not a Proof of Work (PoW) system, thereby reducing the environmental impact, and opening up the possibility of strategically-aligned incentives for network participation.

An incentivized second layer network of “Service Nodes” maintains network storage of on-demand media so that it is ready for reliable streaming. Service Node operators must invest in the Slate network and maintain reliable service in order to earn network rewards (Proof of Service). A pre-determined number of Slate tokens must be owned and committed to the network as temporary collateral during a term of service.

In exchange for contributing to reliable and efficient processing, storage, and content delivery by the Slate network, Service Node operators will be rewarded with more Slate.
Finally, tokens and smart contracts will be available on the Slate blockchain, enabling the creation of an advanced ticketing and rating systems. The Service Node layer is incentivized to validate Slatix tickets and to execute event smart contracts automatically.



Benefits 

Binge is poised to disrupt the streaming industry in a revolution driven by blockchain technology. Decentralized delivery yields low-cost, high-speed, high-definition media access for consumers everywhere. Binge’s BVOD™ service forms a bridge that connects creators and distributors to massive untapped audiences internationally.

SLATIX tickets will be forgery-resistant, virtually eliminating fraud. Small and medium enterprise can benefit from SLATIX’s low setup and operating costs, while the user-friendly app is intended to make DIY ticket distribution and redemption a snap.

Slate Analytics will offer unprecedented access to relevant network data. Creators can take control by accessing the database directly and customizing analysis. Slate’s Open Analytics aims to set a new industry standard.

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. 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.




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