What is slate about?
Slate.io is a blockchain-based entertainment platform with a robust utility protocol that runs on a superb cryptographically and multilayered network. It is a reliable decentralized system launched on the 28 of April 2018 and is expected to deliver high-speed, low-cost, and high definition video globally, as well as facilitating live event ticketing on the blockchain.
With the slate.io platform becoming fully operational, consumers will be able to spend ‘SLX,’ which is the acronym for the slate cryptocurrency. The use of SLX will allow consumers to invest in some of the best entertainment the world as a whole has to offer. Making use of Slate platform will enable transparent and fair compensation between producers, creators, and distributors. The process will ensure that creators are fairly compensated while consumers are provided with top quality entertainment.
Slate tickets that will be sold will be designed to be highly resistant to forgery, which will completely eradicate fraud in the process. As for service providers, they will have the ability to earn more by storing and delivering more content, provided they are holding SLX.
The mission & purpose of the slate formation
Entertainment is one of the greatest necessities of life, and this is very important for most consumers. It is a critical diversion that brings innumerable pleasure and lot of happiness—which are critical elements to good health and overall human well-being. Therefore, it is not surprising that the entertainment and Media sector generates more than 2 trillion dollars annually revenue globally.
One of the epic centers of success and monopoly enjoyed by the entertainment industry is Hollywood and its studios, which has dominated the industry for many years, unquestioned. With the emergence of streaming giants like Netflix, Amazon Prime, and Hulu, Hollywood has got something to worry about. Nevertheless, question marks continue to emerge if there has been a real change in terms of cost and the monopolistic tendency of the sector. There is a quest to develop a better solution for the industry—one that would elevate the entertainment bar for content savvy consumers while at the same time making sure there is an equitable dynamic between creators and providers. This is what has given rise to the current ecosystem behind the entertainment industry, of which Slate is seeking to make the difference.
The Slate Entertainment Group is the owner of Slatix Solutions and Binge Media Corporations. These two subsidiaries of the Slate Company are given the responsibility to bring about the creation of a new entertainment ecosystem. The new system will have a great impact on every aspect of the industry such as in the film, electronic ticketing, streaming media, plays, cinemas, concerts, sporting events and many more.
The Slate Entertainment Group is a top-notch amalgamation of the best entertainment businesses and competent technical expertise of the highest level. It is primarily created to crash the high cost of centralized streaming.
Features of the Slate Platform at a glance
Looking at the Slate platform at slate.io, you will discover that it is one with intuitive features and friendly user interface. At the topmost Left-hand side of the platform is a video introduction on how the project works—fully explaining the various processes that will result in the unrestricted global entertainment access. Just by the video intro, to the right-hand side lies the countdown to the pre-sale of the Slate tokens. Just below the video intro and the pre-sale count timer lies information on the Soft Cap which is put at $20 million USD.
Some of the great features that can be seen at a glance on the Slate websites are:
1. Blockchain Video On Demand (BVOD)
Following the successful disruption of movie theatres, cable and television by the emergence of streaming video-on-demand (SVOD), but which has led only to little changes in the scheme of things, Slate is poised to use its subsidiary company—Binge Media—to as disrupt the streaming industry. This will be done in a revolutionary way that will exploit the very best of blockchain technology to bring about BVOD. This decentralized system will reduce the cost, accelerate the speed, and also increase the definition and render media access for every consumer, no matter the location. The use of Slate BVOD will form a strong alliance between creators and distributors to tap into a massive untapped audience globally.
2. Tokenized Ticketing
Slate will make use of its other subsidiary company known as Slatix to develop a very affordable tokenized ticketing system with exceptional features, that will run on the Slatix blockchain. The deep analytics used by Slatix will enable the Slate to create ticketing on the blockchain and improve the way venues connect directly with consumers, as well as rewarding them for their loyalty. Of course, the tickets would be designed as such to be highly resistant to forgery.
3. Unrestricted Access
The Slate platform will provide consumers with unrestricted access and the complete ability to make the final decisions relating to contents. By using the Binge’s decentralized distribution system, Slate is providing unstoppable and a safeguarded consumer choice of power. The company’s cryptocurrency will completely eliminate any form of restrictions and barriers regarding cross-border commerce since the blockchain actively mediates and induce payment to content creators and license-holders. The level of trustless transactions that would be provided by the platform will result in quick payments and effectively bypasses bureaucracy and banks. The Slate blockchain system creates fair payment and the road to freedom.
Slate Token Sales
48% of the total network supply of SLX coins would be distributed as the initial sale. The token sale is cleverly arranged so people that purchased earlier can get a bonus. A pre-sale price put at $0.20 will attract 45% of discount. The first five days of the sale will see the pre-sale bonus starting at 5%, and drops by 1% after five days period. The cost for token sale will commence at $0.27, which will rise by two cents every four days, and will reach a peak of thirty-five cents.
The month of may will see the sale of the Slate tokens, which is slated for 11th and will run through to 26 of the same month.
Conclusion on Slate
It is high time the entertainment industry gets a complete revolution, and with the qualities of the Slate Cryptocurrency driven network, nothing would deter that revolution. I would lay my cards on this one that it is genuine, given that Binge and Slatix, their sister companies, have been two reliable bodies to date.
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