Will Video Streaming Rocket?

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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:

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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!

Jordan Smith

Jordan Smith

CEO of Business Plugs

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