Swiss-based Multimedia development company Viuly is proud to announce that blockchain firm Krypton Capital have put 150,000 EUR towards the development of the project. This deal is timed perfected to strengthen Viuly’s pre-ICO, which begins on October 10th, 2017. Viuly is aiming to be the world’s first decentralized blockchain-based video sharing platform.
The Viuly Alpha has just been launched and is available at Viuly.io
With Advertizing at the forefront, the online video industry is valued in the hundreds of billions of dollars, and Viuly is aiming to lead this industry into new territory. Viuly’s mission is to revolutionize the todays video sharing industry with the implementation of blockchain technology.
The Unique platform will offer an unrestricted space for users to advertise, and post all manner of content, whilst earning rewards in the process.
Viuly aims to offer the world an alternative to the current centralized status quo, in which large companies, advertisers and a select few Individuals reap massive profits. Today’s video sharing platforms are also somewhat restrictive in terms of content, and they do not reward normal everyday users. The Viuly platform will leverages the benefits of blockchain in a bid to disrupt the current video sharing industry, through decentralized content distribution, tokenized payments and transparent processes.
Viuly aims to reward not just a few big names but all users on it decentralized video sharing network. Content authors stand to receive as much as 65% of the total advertising revenue earned from the platforms videos, while users can earn up to 40%. Unlike the current system advertisers will benefit hugely, receiving a commission-free decentralization.
Vuily’s fully decentralized platform is Built on the IPFS protocol, allowing a distributed network of data storage without a shared control centre, and eliminating any single point of failure. This will enable any user across the globe to use their disk space for video storage, in exchange for VIU tokens. The platform will also nullify censorship giving users access to unrestricted and unfiltered content.
The platform’s native system be one of pre-moderation in which the users themselves will have the power to determine if the content adheres to an agreed set of ethical standards. Users with the highest rating will be randomly selected for the task of moderating the content and will be alerted by the platform when a potential violation is detected. If the moderators confirm a violation, the content in question is immediately deleted, and the Author who posted it will receive a decreased profile rating.
The Viuly (VIU) Token and Fundraising
The Viuly platforms native token is the VIU token, which runs on Ethereum blockchain, offering full transparency and anonymity. To stimulate organic growth in the value on the VIU token Viuly have guaranteed that no token will be reissued after the crowdsale has completed. The Viuly ICO has attracted financial backing to the tune of EUR 150,000 from Ukraine-based blockchain investment firm Krypton Capital, for further development of the project.
This recent backing is a positive sign for the project, as Krypton Capital have a history of establishing successful partnerships with companies to help progress values and revenues together. The Viuly Pre-ICO launch is set for October 10th, 2017, to raise sufficient funds to further develop their unique video sharing platform. The main ICO will run from November 1st to 15th. A maximum of 550 million VIU tokens are up for offer at a base rate of 1 ETH = 2,000 VIU.
Viuly benefits from the vast experience of its founding team, with specialists in corporate management, blockchain business, marketing development, promotional strategy and project development. It also relies on support from an established financial technology advisory.
Ruslan Popa, Founder and CEO
Ruslan Popa has more than 12 years of experience creating and managing IT start-ups. He has served as CEO of several payment service providers, including the likes of RuPay, Qiwi and Rompay Solutions. Popa has an excellent track record of producing quick results and high financial performance in the companies he managed.
Silviya Martirosyan, CMO
Silviya Martirosyan built her reputation as a strong and creative leader, launching and promoting some 30 projects in retail, corporate and financial sectors both at federal and regional levels. Martirosyan comes with six years of experience directly managing a team of nine sector experts. With her background in business administration and strategic management, she brings strong communication skills and solid marketing acumen to Viuly.
Aleksey Vasyanin, CDO
Aleksey Vasyanin spent more than a decade helping companies to create and structure their corporate profiles. As a project management expert, he helped create, structure and develop partner networks in a highly competitive telecom market. Skilled in e-commerce solutions, VAS services, financial planning and content production, Vasyanin also excelled at optimising business processes and personnel management.
Yuriy Chayka, Advisor
Yury Chayka delves into his rich experience as an entrepreneur and investor to help develop Viuly’s vision. He is President of the Ukrainian E-business Association, ideologist and founder of Fintech Cluster. He is also the founder of Ukraine’s first mobile wallet, MobiPay and co-founder and partner of fintech solutions provider Finovate Studio. He founded a slew of payment systems including RBKMoney, Autopay, Interkassa, MoneXy and mWallet.
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