SPOKKZ - The Community-Powered Film & TV Blockchain Ecosystem

Hi friends, let me let you in on an incredible news. It's SPOKKZ - The Community-Powered Film & TV Blockchain Ecosystem!!!

Please stay tuned as I take you on this incredible journey.

PREAMBLE

A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.

While this revolution is gaining wide acceptance, SPOKKZ,a project initialized by Spuul pioneering video streaming company has arrived.

With the advancement in the world of technology, life seems to be getting simpler and sweeter. Nowadays, people can easily watch their favorite programs online without facing any problems. If you have not been streaming your favorite programs online, then it is high time that you considered it. This is because there are several benefits that are associated with live streaming but Streaming videos require sufficient bandwidth to play, especially at higher quality. For example, Netflix's streaming service requires a Internet speed of at least 5 Mbps for HD quality, 7 Mbps for "Super HD" quality, and 12 Mbps for 3D streaming. While these speeds are generally available with most cable/DSL connections, those with slower connections may experience issues with playback and/or poor quality, since some services will reduce video quality in order to ensure uninterrupted playback.

Now, Spuul understands all of these issues and aims to tackle them through the use of blockchain technology and its large community of viewers who use the platform and are willing to pay for the content they view. This will give it leverage to compete with the large studios and content developers. It also aims to drive up the usage and adoption of their native token called SPOKKZ.

But before I take you on this voyage, please check out this video presentation to get acquainted.

Now that I have your attention, let’s get right to it.

What exactly is SPOKKZ?

Spokkz is a new decentralized platform that performs the function of cryptocurrency exchange, combining the most advanced technological developments and the popular blockchain system that has proven itself as providing complete reliability and security. Cryptocurrency has literally revolutionized the international market as soon as it entered it, immediately attracting a lot of people, most of whom wanted to experience its advantages in practice. That is why projects based on cryptocurrency are now one of the most popular and have huge development prospects, as well as investments in the digital currency.

Furthermore, SPOKKZ is a utility token which is main fuel to SPOKKZ ecosystem. You can spend SPOKKZ to get subscription & get access the media which stream on SPOKKZ. By donating SPKKZ You can backed the project uploaded on SPOKKZ platform . If the project you backed made good profit then you will also get your share from profit. Also you can trade these token on other exchanges after listing.You can also spend SPOKKZ at partner stores.

The Problem

"Large studios with self serving agendas and their middlemen are imposing their choice of content on viewers and charging them exorbitantly for it. It’s time to challenge the status quo. This is exacerbated by distribution platforms being transactional with no room for community engagement."

The Solution

"SPOKKZ is letting the viewer decide what content works – and at what price by giving him / her access to a decentralised ecosystem and marketplace. By crowdfunding and helping promote movies & TV shows, viewer communities will join producers, content creators, distributors, stars and advertisers as equal stakeholders."

These quotes above(The Problem and The Solution) are gotten from the SPOKKZ Website - https://spokkz.com/

The Ecosystem - How it works

Private issuance of tokens

Users have to commit upfront for the content they wish to watch and may receive a discount using tokens. Incentives are also provided to funders if the content they pre-fund does well on other platforms.

Community engagement

Users receive rewards in the form of tokens for reviewing, rating and analyzing the content available on the platform. These rewards can later be converted to desired crypto or fiat currencies.

Viral reward token

Users are provided with incentives to share and view content and advertisements in a way that benefits even non-users of the platform.

Content Distribution rewards

The Spuul P2P protocol is used to enable content sharing between users and reward them for it and use tokens to increase the velocity of sharing.

Secure wallet

An ERC20 based wallet is integrated into Spuul’s existing wallet which provides links to exchanges that deal in SPOKKZ allowing users to trade easily.

The Stakeholders

Spuul uses key features of the blockchain to transfer rewards between users and share content optimally. The various stakeholders in the Spuul network are

Community

Spuul's video application is the first dApp on the blockchain and already possesses a significant user network and revenue. A reward system is developed for all token users as an incentive to watch, share, like, write reviews of, comment and like the cast of, and suggest new content for Tv shows and movies. Once users collect tokens they can then be traded for fiat currencies on any ICO or exchange.

Content Creator

Spuul has developed a crowd-funded platform for video content that can also support licensing of certain content like sports from the funds earned through viewership. This funding is currently being done by Spuul itself. This allows Spuul to gain an equity in the content it promotes, building its intellectual property catalog.

Stars

Starpower determines viewership of content and Spuul with increasing popularity can become a place for stars to engage with fans and boost their own popularity. Spuul will launch a dApp for community interaction through which users can be invited by the stars to sets in return for tokens. Users can also be rewarded with tokens by the stars for reviews and suggestions. This enables better circulation of tokens.

Advertisers

Advertisers can buy tokens to select advertisement spots within the economy across platforms which will help in the growth of the economy. With growth will come increasing value of the economy.

E-commerce

E-commerce is a crucial part of the shopping experience but an issue that exists there is the poor social marketing which in turn means fewer people returning. Sppul can be used by vendors to trade in tokens and also build a loyalty system to encourage social engagement.

Token Sale and ICO

Token Details

Symbol - SPOOKKZ

Price - US$0.08

Soft cap - US$5 million.

Hard cap - US$12 million.

Well, Spuul will generate a total of 1 billion SPOKKZ. The minimum raise will be $5 million and the hard cap is $12 million and the tokens will be allocated in the following manner.

Token Distribution

The Token value during the public release has been set at US$0.08 per Token.

Token Sale and Bonus Structure

The SPOKKZ Crowd Sale and Token Generation event will be done by SPOKKZ Global Foundation Limited, a Singapore incorporated company limited by guarantee and will be issuing the smart contracts running on Ethereum and later on Ontology’s main net.

Funders willing to participate can send Zilliqa, ONT, BTC or Ether to a designated wallet address

"If the Hard Cap is reached on or before the close, the token generation event is estimated to be 7 days after the limit is reached. If the Foundation feels that it has not reached its minimum goal of US$5million, all funds, less 3% of transaction costs, will be returned to funders. If the Crowd sale does not reach it’s hard limit, the remaining SPOKKZ tokens will be burned by the foundation"

Use of Proceeds

The RoadMap

Meet The Amazing Team

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://spokkz.com/

Whitepaper: https://spokkz.com/static/documents/whitepaper.pdf

Facebook: https://www.facebook.com/spuul/

Twitter: https://twitter.com/SpokkzOfficial

Telegram: https://t.me/SpokkzOfficial

LinkedIn: https://www.linkedin.com/company/spuul/

YouTube: https://www.youtube.com/channel/UCjXR-TfuFdQp7OoUZWXv7MQ

Reddit: https://www.reddit.com/r/Spokkz/

Medium: https://blog.spokkz.com/

Github: https://github.com/Spuul/spokkz-ico-contracts

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.