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A Multimedia development company Viuly, based out of Swiss announced that blockchain firm Krypton Capital have invested 150,000 EUR for the growth of the project.
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This deal comes in a perfect time to strengthen Viuly pre-ICO. The announcement said it will begin on October 10th, 2017. Viuly aim is to become the world’s first decentralized blockchain-based video sharing platform.
The Viuly Alpha was recently launched and is available at Viuly.io
The online video industry has a value of hundreds of billions of dollars, and Viuly aims to lead this industry into new territory. The mission of Viuly is to revolutionize the present video sharing industry by implementing blockchain technology.
The unique platform will allow a free space for users to advertise, and post contents of any manner, while receiving rewards in the process.
The Viuly Goal
Viuly goal is to offer the world a substitute to the current centralized status quo, wherein only large companies, advertisers and a select few individuals benefit. The current video sharing platforms are also rather restrictive in terms of content where ordinary everyday users are not rewarded. The Viuly platform will leverage the profits of blockchain in an attempt to interrupt the current video sharing industry, by means of decentralized content distribution, utilizing token payments and transparent processes.
Viuly Content authors can benefit from as much as 65% of the total advertising revenue earned from the platforms videos. Viuly Users can gain up to 40%. Unlike the existing system, advertisers will profit hugely, getting a commission-free decentralization.
Workings of The Viuly System
The fully decentralized platform of Vuily is built on the IPFS protocol. It allows a shared network of data storage minus a shared control centre, and leaves no room for failure. Any user across the globe will be enabled to use their disk space for video storage, in exchange for VIU tokens. It will also nullify censorship allowing users access to unrestricted and unfiltered content.
Users having the highest rating will be picked at random for moderating the content. They will be changed by the platform when a potential violation is detected. If the moderators verify a violation, the content will be immediately deleted, and the author will receive a decreased profile rating.
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The Viuly (VIU) Token and Fundraising
The Viuly platforms native token is the VIU token. It runs on Ethereum blockchain, allowing full transparency and anonymity. In order to kindle organic growth in the value on the VIU token, Viuly have assured that tokens will not be reissued after the completion crowdsale. The Viuly ICO has attracted financial backing to the tune of EUR 150,000 from a blockchain investment firm Krypton Capital, based out of Ukraine for further expansion of the project.
This backing for Viuly is a positive sign for the project. Krypton Capital has a history of setting up successful partnerships with companies to help advance values and revenues together. The Viuly Pre-ICO launch looks forward to raise sufficient funds to develop their unique video sharing platform. The main ICO will run from 1st November to 15th. A maximum of 550 million VIU tokens are to be offered at a base rate of 1 ETH = 2,000 VIU.
Who is in the Viuly Team?
Viuly profits from the extensive experience of its founding team. Viuly has specialists in corporate management, marketing development, blockchain business, promotional strategy and project development. It also depends on support from a well-grounded financial technology advisory.
Founder and CEO, Ruslan Popa
With more than 12 years of experience in creating and managing IT start-ups, Ruslan Popa is the CEO and founder. He has worked as CEO of numerous payment service providers, including RuPay, Rompay Solutions, and Qiwi. Popa boasts of an excellent track record of producing quick results and high financial performance in the companies he managed.
CMO, Silviya Martirosyan
Silviya Martirosyan has the reputation of being a strong and creative leader. She has launched and promoted around 30 projects in corporate, retail, and financial sectors both at federal and regional levels. She has six years of experience in directly managing a team of 9 sector experts. With a background in business administration and strategic management, she has strong communication skills and solid marketing acumen. LinkedIn: https://www.linkedin.com/in/silviya-m-6b09b444/
CDO, Aleksey Vasyanin
Aleksey Vasyanin helped companies to create and structure their corporate profiles for more than a decade. As a project management expert, he aided in creating, structuring and developing partner networks in a competitive telecom market. He is skilled in VAS services, e-commerce solutions, financial planning and content production, Vasyanin also excels at optimizing business processes and personnel management.
Advisor, Yuriy Chayka
Yury Chayka uses his rich experience as an entrepreneur and investor to develop Viuly’s vision. He is President of the Ukrainian E-business Association, founder of Fintech Cluster, and an ideologist. He also founded Ukraine’s first mobile wallet, MobiPay and is the co-founder and partner of fintech solutions provider Finovate Studio. He founded a number of payment systems including Autopay, RBKMoney, Interkassa, mWalle, and MoneXy.
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