BuzzShow

What's a BuzzShow?

Buzzshow is one of the first social networking video sites to adopt blockchain technology to provide a platform that places the interest of creators, curators and viewers first. Blockchain uses Goldies as a crypto that provides incentives for creating, sharing and viewing videos on BuzzShow. Platform members not only earn as creators of content, but also earn when they share videos and when they view videos. This is the first fully developed social video network that lets everyone get involved in contributing and making money on the platform.

This platform intends for us IPFS (InterPlanetary File Sharing) in future releases to ensure its content is completely decentralized. This allows files to be stored without relying on a centralized database as most video sites rely on. As a result, it is not susceptible to DOS attacks or ransomware attacks because the video will be held in many systems.

The benefits are faster, more open and more secure than centralized, centralized video encoding methods. This technology is useful for BuzzShow as it allows the platform to be completely decentralized while saving bandwidth costs.

BuzzShow is committed to ensuring that revenues generated from premium ads and subscriptions are distributed evenly between the entire "food chain" including content creators, curators, marketers and consumers according to their level of participation and popularity on the platform. Most other video sharing sites retain about 50 percent of revenue from ads, as in the case of YouTube using 55-45 percentage revenue sharing schemes, or storing overall revenue for themselves as in the case of Facebook and Twitter. Under the creator and curator of this scheme content, it is compelled to share the remaining portion of income, even doing the job well. Buzzshow aims to disrupt industry by providing all parties involved in revenue generated from content creation.

Features Of BuzzShow

Users on the platform will earn money while uploading their first video on the platform. This is a very simple way to earn Goldies even before the demand on the site develops. They can also get every referral confirmed on this site. As soon as users sign up based on their referrals, they also earn some Goldies.

Another feature is the ability to create channels and upload videos for free. There are no paid options that offer content creators greater capital opportunities. Everyone starts at the same price, and it's absolutely free for everyone. This makes the company reluctant to pay special treatment on stage. They will support their favorite creators by sending Goldies. Goldies will not be subject to any outrageous transaction costs such as Patreon and other donation platforms, but rather near zero micro-transaction costs. This will ensure that creators get the support they need.

In addition, creators can sell access to their content to enable them to earn Goldies if the content is of high quality. Users can access this premium content by paying Goldies they get on the platform.

Advertisers will be able to directly pay the creator and curator to ensure that ads are placed on the video for the right target audience. This is a more effective strategy than random ad placement with no feedback from advertisers.

Video has become the mainstay of entertainment. The rise of video platforms such as YouTube and Vimeo has increased the demand for video exponentially in the developed world and more and more around the world. Because this multibillion-dollar industry is managed by a large nonprofit company, it is not surprising that they gain an increased profit thanks to valuable content created by a poorly paid or even unpaid creative mind. For other users, like viewers and curators, it's even worse.

What are the benefits of BuzzShow For Users?

Different platform users will benefit differently depending on their contribution to the site. Specific

benefits for each of these groups are as follows:

Video creators will get Goldies to create content and add it to their channel as well as when users view the video. This provides an opportunity for video creators to generate multiple incomes. They can also charge a premium if they want to.

Video curators get Goldies whenever they share videos or when videos are viewed on their channel.

Viewers get Goldies when they watch videos on the platform, and they can use these Goldies to pay for premium content from their favorite creators.

Advertisers can purchase Goldies for use to pay for advertising space from either a curator or a particular creator.

Validators verify the ads that are included in the video to ensure that advertisers market only based on ad space. This validator is paid using Goldies.

Moderators get Goldies by validating content that the creators share comply with the terms and conditions. They mark issues such as racism and inappropriate content to ensure users do not violate their requirements.

Developers / Platforms maintain some Goldies provided to them. In addition, they get based on any plugins and upgrades introduced to the platform.

Buzzshow will provide storage options by dealing with other decentralized storage companies and letting content owners pay a small fee to save videos in blockchain.

Token Goldies

Goldies is an ERC20 token based on the Ethereum platform. The basic language used for development is Solidity. It shares many similarities with JavaScript making it easier for developers with the knowledge to develop it in Solidity. Ethereum allows the assetization of assets on the platform without the need to create a completely different blockchain.

The ERC20 platform uses smart contracts to ensure that the transaction is secure. The smart contract also allows fast transfers to micropayments at speeds of just a few seconds. This allows the platform to accommodate high transaction volumes. Most of the earned Goldies can be easily converted to ETH tokens. This token can then be redeemed with other cryptocurrency or fiat currencies in a supported exchange.