Over the past several years video consumption has increased to levels never seen before. In 2022, videos whether short or long are the most popular choice for content intake. 78% of people watch online videos every week, and 55% view online videos every day. By the end of the year, it’s estimated that 80% of the global internet traffic will come from streaming videos and downloads. Access to cell phones and the internet will continue to increase in Africa and parts of Asia. There is a direct link between video consumption and access to mobile phones and the internet. Twitch is a great example of a streaming platform that has also taken the world by storm. There is a huge demand for videos and interactive live streaming. When I was younger, I wish I had the capability to stream my FIFA online games to my friends on YouTube.
EncoreNodes is a new cryptocurrency project supporting two different projects on the Avalanche network:
Core ($CORE) – Innovative Reflection Token
EncoreNodes ($ENC) – Nodes-As-A-Service.
EncoreNodes is a unique project that is attempting to link a video streaming platform with Nodes as a service. One of the project’s main goals is to create a platform that rewards content creators through a pay-per-view model where content creators set the price for their content and are paid their earnings in real-time. Content creators will be rewarded at least 80% of the revenue that they generate.
Rewards
Investors can invest in EncoreNodes platform by purchasing $ENC nodes. One $ENC node costs 10 $ENC tokens with a maximum of 100 nodes created per wallet. The node reward structure as of today is developed as follows:
0.1 $ENC per day, equating to 1% of node cost per day.
20% of Pay Per View revenue earned by content creators, paid out weekly in USDC. Distributed in proportion to $ENC nodes held.
70% of advertising revenue from the Encore Nodes website
Tokenomics and Taxes
There are only 500,000 $ENC tokens with 450,000 allocated to the distribution pool, 40,000 tokens allocated to the operation pool, and 10,000 tokens for the liquidity pool. Currently, people don’t have to incur a buy or sell tax. If supported by the community to fight sell pressure, a claim tax of 10% may be implemented.
Conclusion
This project is less than 90 days old it will be interesting to see if the project can further develop and make partnerships. The project has a use case that I can see fitting in the new world of cryptocurrency. This project started on 03/25/2022 people must give the project several years to attempt to develop. Early investors may be rewarded, or they may get burned. Time will tell!
