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NODVIX 24-hour P2P broadcasting platform

 ABOUT NODVIX 
 
NODVIX is a 24-hour P2P broadcasting platform designed to display interesting and relevant video content specific to a user's limitless interest. NODVIX is a self-regulating, open to all, real-time, video content platform designed to minimize the restrictions found within the current market.

We provide a decentralized blockchain-powered solution that profoundly changes the digital broadcasting world for content makers, advertisers, and viewers alike. The absence of KYC, governmental censorship and ease of entry for new content-makers creates a unique environment for real freedom of speech. Advertisers benefit from sponsoring content relevant to their business while paying a fraction of what the market demands due to traditional networks charging on average $394,000 per 30 seconds of media.

NODVIX is an ecosystem for the distribution of media content between all its participants, based on Peer-to-Peer Internet Network (P2P) technology. Due to this, we are able to reduce the cost of scaling the platform and provide significant advantages over the traditional centralized broadcast resources and media hosting.

NODVIX is self-regulating, peer-to-peer, decentralized and anonymous media content platform with open source continuous online broadcasting, using its own crypto currency as payment for services. The concept of the project is to provide continuous broadcasting of a vast array of unique media content: from music to popular science shows, without censorship or bias, where everyone can become part of the broadcast. Media content is stored within the decentralized Torrent-Node network for a fixed period of time and sorted through pre-defined ratings.

Broadcasting to users is enabled by the P2P-network, which reduces the load on the network channel by ~ 40–90% in comparison with centralized media-hosting. The data transfer rate is limited only by the speed of connection to the Internet network from the end user or participant. Unlike traditional centralized media hosting, the self-regulating platform NODVIX uses funds (NDVX tokens) far more efficiently due to the reduced infrastructure costs. This allows NODVIX to distribute the majority of the tokens to participants, as profit, as well as for subsequent development and growth of the project.

NODVIX Ecosystem: Advertising Revenue Model

The ecosystem is enabled through the use of the NDVX token. These tokens are distributed between the system and its participants. The following outline shows how the different parties interact within the NODVIX ecosystem:

• Content Maker

The content maker creates media, uploads it to the platform and distributes it through the torrent client with the help from the Torrent-Nodes.

Their content is then rated by the Torrent-Nodes. Content which scores higher on the rating list will have a higher likelihood of being broadcast on air. The content maker receives 83% of the advertisement revenue, which has been pre-paid by the advertiser. Total profit will depend on the duration of the video, the category of the broadcast channel and the overall rating of the video itself, as decided by the Torrent-Nodes.

Payment to content makers will be paid in NDVX tokens directly to their unique hash-file address associated to the media content that generated the profit.

• Torrent Nodes

The NODVIX ecosystem is enabled by the NDVX token. It creates a Torrent-Node network to produce the work required to maintain the decentralization of the P2P network.

These Torrent-Nodes are tasked with sorting, assign rating, storing content locally, banning illegal content and broadcasting via the NODVIX platform for both media and advertisements. The distribution of this media content is carried out by a special algorithm designed to ensure content stays secure.

Torrent-Nodes are rewarded with their active participation in the system and receive a percentage of the advertising revenue generated by the platform. There are two type of Torrent-Nodes within the NODVIX Ecosystem:

Unsupported-Nodes: These are nodes that DO NOT stake the NDVX token and receive 2% of the advertiser-driven platform revenue.
Master-Nodes: These are nodes that DO stake the NDVX token and receive 8% of the advertiser-driven platform revenue.

There are 2,000 Master-Nodes within the system, the price per master node will be dependent on the total supply. Therefore, if there are 100,000,000 total tokens, the cost per node will be 50,000 NDVX tokens. Please note, this is subject to change based on the success of the ICO.

Master-Nodes are weighted meaning additional NDVX over the minimum amount will multiply the payout value. Example: If there are 100,000,000 total tokens, the cost per node will be 50,000 NDVX tokens. An individual holds 75,000 NDVX = 1.5x Payout.

• Advertisers

Advertisers upload their promotional media (banners and videos) to the NODVIX platform along with a request specifying the category they would like to appear on. Some categories will be more popular than others, and as such, the price for those categories will be higher to reflect the increased number of impressions.

The Torrent-Nodes will then sort, assign ratings, store locally, ban illegal content and place media within the requested broadcast category. Upon confirmation of pending placement; payment will be due to NODVIX which will be distributed to the content creator, Torrent-Nodes and NODVIX.

NODVIX (NDVX) Token and Distribution

 

The company's internal digital currency, NDVX, is an ERC20 token and used as both a means of payment and an enabler for the Torrent-Node network. With the help of the token, advertisers can pay for services at a discount that provides them with a significant advantage over the standard centralized FIAT models. This also helps to increase the liquidity and value of the token.

Content-makers receive tokens as payment for services.

Master-Nodes receive larger payment for storage and distribution of information. These Master-Nodes receive an 8% fee for their services, unlike the lesser earning capability (2%) of the unsupported nodes that do not use the NDVX token.

Advertisers use NDVX to pay for advert airtime on the channel of their choosing along with discounts for utilizing the NDVX tokens. The discount structure is as follows and begins upon registration:

1. year - 33 % 
2. years - 17% 
3. years - 8.5% 
4. years - 0%

Spam prevention. Should the Torrent-Nodes deem a video either spam or unlawful, the nodes will mark the video as spam or illegal content. The video will then be blocked from the platform.

For further information please click the link below:
 
facebook: https://www.facebook.com/NODVIX/
twitter: https://twitter.com/NODVIX
website: https://nodvix.com/en
whitepaper: https://drive.google.com/file/d/12q63QYagpYspEOWnqSHji8pip5NZoPhP/view
bounty thread: https://bitcointalk.org/index.php?topic=5047860.0

Bitcointalk User Name: Asarab
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=2320820