SLATE is a blockchain-based entertainment utility protocol powered by a cryptographically secure multilayered network. The decentralized system will deliver low-cost, high-speed, high-definition video globally and facilitate live event ticketing on the blockchain. Consumers will be able to spend SLATE cryptocurrency (SLX) on some of the best entertainment the world has to offer. The use of SLATE enables fair and transparent compensation between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment. Tickets purchased with SLATE will be forgery resistant, virtually eliminating fraud. Service providers holding SLX can earn even more by storing and delivering content.
Binge introduces BVOD™ (Blockchain Video on Demand), the first premium decentralized streaming platform to utilize the power of distributed ledger technology. For the Binge streaming media platform, blockchain technology facilitates streaming content and transparent behavioral analytics that reveal consumer tastes. Binge’s model of transparency is an entertainment-industry first. Binge will provide real-time revenue sharing between content providers and creators, while mediating access to the valuable network data and analysis that improves content development.
Powered by the SLATE network, SLATIX will be the new go-to mobile app for entertainment discovery and ticketing. Consumers using SLATIX can discover great content through a curated system of authenticated reviews, and earn substantial discounts and access to entertainment events, including movies, concerts, plays, museums and sporting events. Repeat users will enjoy loyalty rewards and an unparalleled entertainment experience. Curation of a trustworthy review system is incentivized with Slate token rewards (SLX). Since the tickets are secondary tokens on the Slate blockchain, they are forgery-resistant and securely exchangeable on the secondary marketplace.
The SLATE network consists of a primary network, the distributed ledger for the SLX cryptocurrency, and a secondary layer of “masternodes.” These service nodes store videos and deliver them to Binge customers. Masternodes also quickly secure the generation and redemption of forgery-resistant tokenized tickets for SLATIX. The genius of the network is in the aligned incentives: the SLX cryptocurrency motivates service providers to maintain an always-on global network.