Explaining ReelToken (REELT)
ReelToken (REELT) is a decentralised blockchain token with smart contract functionality. REELT is on a multi-blockchain infrastructure. It uses the POLYGON (MATIC) and Binance Smart Chain (BSC) blockchains providing additional blockchain redundancy and arbitrage options. This allows individuals with ReelToken to efficiently, cost effectively, safely and securely hold REELT, exchange them for either Fiat (e.g., USD, INR, EUR) or other Cryptocurrencies (e.g., BTC, ETH, XRP), and use REELT for discounted goods and services within the Reel Star App.
Reel Crypto’s Platform Advantages
- Checks & Balances: The safety and security of ReelToken (REELT) is warranted by the Reel Crypto governance token and its advanced consensus, governance and control mechanisms which ensure the stability of the ReelToken ecosystem. These mechanisms allow us to be able to mitigate the most significant security issues which have been identified, to date, in decentralised consensus mechanisms and by cyber security reports.
- Trust & Accountability: We recognise that trust is a a many-to-many relationship with all participants having a key role. Our responsibility and commitment is to provide a platform that is always safe, and secure and which maximises the experience and benefits for all parties.
- Multi-Blockchain Platform: ReelToken has a multiple blockchain infrastructure that enables both cost efficiencies and redundancies. This enables the ReelToken ecosystem to function optimally even if one of the blockchains has congestion or performance issues.
- Ultra Fast & Secure: Blockchain technologies are changing rapidly. Our multi-blockchain infrastructure is easily extensible to add future or existing blockchain to ensure that speed, reliability and security are at the highest levels.
- Highly Scalable: Our multi-blockchain infrastructure and technology stack was designed and stress-tested to both ensure our ability to handle large traffic volumes as well as maintain the best customer experience.
- Reliable & Cost Conscious: We are very aware that users require and expect both reliability and cost-effectiveness. Our multi-blockchain infrastructure and technology stack enables us to maintain reliability and cost efficiencies by seamlessly acting in the background to ensure that changes that impact pricing and/or performance across different blockchain platforms are leveraged in real-time for our users' benefit.
- Safe & Secure: As the blockchain technology provider for the Reel Pay payment platform, we understand safety and security are as paramount to their users as they are to us. We have implemented the current leading-edge standards in and across protocols, encryption and security.
Uniqueness of Reelstar platform
- Community Engagement and Content Exploration:
To tailor content recommendations and enhance the content discovery experience for consumers, the ReelStar ecosystem makes use of data and machine learning algorithms. As a result, consumers may be exposed to more valuable and pertinent content, which can enhance their overall user experience. We strive to encourage inclusiveness and a sense of belonging by cultivating a community that appreciates and celebrates diversity. - KYC framework to eliminate trolling:
The KYC (Know Your Customer) framework can resolve some major issues in the digital world by fostering user trust and reducing disinformation, and assuring regulatory compliance while also discouraging online trolling among the e-community. - Gamification:
The ReelStar ecosystem makes use of gamification tools like popularity index and achievements to entice users to interact with the platform's content. This would boost user retention and engagement while encouraging a more dynamic and engaging user experience.
How can creators monetize their efforts by selling or trading NFTs on the ReelStar NFT marketplace?
With the app’s easy NFT minting available to every creator, they can create a variety of NFTs of any content format which they can easily sell or trade on the ReelStar NFT Marketplace. These NFTs are genuine certificates of authenticity and ownership which can’t be fraudulently reproduced. This also provides a clear benefit to fans and collectors who can be confident of the NFT’s providence. For example:
- Digital Art: Creators can offer their original digital works of art, such as drawings, animations, and movies, for sale. Smart contracts will ensure speedy transaction with significantly reduced costs and no overhead to third-party middlemen, allowing creators a greater share of the reward.
- Collectibles: Creators can also sell collectable things as NFTs on the ReelStar NFT marketplace, such as virtual clothes, accessories, and props. This enables them to interact with their followers in a fun and novel way.
- Virtual Real Estate: In the future, users may have the opportunity to list real estate on the ReelStar NFT Marketplace, and creators could offer virtual land and buildings.
- Fan Engagement: By offering NFTs for sale on the ReelStar NFT marketplace, producers may interact with their audience in fresh and fun ways and develop a devoted fan base that is invested in their works.
Reel Web3 Platform
ReelStar application, an Indian Web3.0-integrated social media platform, has launched the ReelToken (REELT). In its initial token offering (ITO), the application aims to raise $4.98 million through private sale and an additional $31.275 million through public sale. It is believed that the platform has established a supply of 15 billion REELTs, of which five percent has been capped for the ITO and private sale. “I believe our application will provide global opportunities as well as a Web3.0 passport to creators and artists. Through the platform, they are expected to get access to a global audience, can scale their fan base and monetise their creative output. We offer Web2.0 and Web3.0 monetisation options, which can be customised to maximise both benefits and returns for consumers and creators. Creators can seek patronage as well as share returns and profits with their patrons through our platform, through smart contract technology and controls present within the ReelToken ecosystem.
Conclusion
ReelToken is the bridge between the real present and the digital future.
ReelToken will be the passport of choice to the infinite possibilities of the Reel Metaverse/Omniverse. One where you have the limitless potential to create, experience and benefit. To enable a global, interconnected community of creators and engagers, with equal access and opportunity for everyone, by sustainably leveraging Web3 and future technologies to enhance creativity and connection for the benefit of all.
For More information
Web: https://reelcrypto.io/
Telegram: https://t.me/ReelTokenOfficial/37994
Discord: https://discord.com/invite/sQ7KCpSEaD
Twitter: https://twitter.com/reel_token
Facebook: https://www.facebook.com/reelstar.io
Proof of Author
Bitcointalk username: Homage
Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=2831160
Telegram Username: @parcillao
Address: 0xfDB58DE390c5c714AB28dcFc3D31A3BC86250ddC