BeatzCoin (BTZC)

What is BeatzCoin

VibraVid is here to change the way consumers interact with digital content, while increasing the revenue potential of content creators. VibraVid is a free P2P/peer-to-peer desktop and mobile streaming application that enables users to view and listen to content created by video and audio creators.

VibraVid is a platform for creators to upload, store, market, lease and sell their content to users with the added benefits of being able to crowdfund and sell merchandise and event tickets directly to their subscribers and fans.

BeatzCoin is a cryptocurrency which is the exchange of value on the VibraVid platform. Together, VibraVid and BeatzCoin provide an ecosystem that allows creators and users a means of exchange, peer-to-peer, for goods, services, through bounties, and as prizes. Both, users and creators, are rewarded for their participation by receiving BeatzCoin, which they can use to purchase content, fan merchandise and event tickets, as well as to promote their own content.

The problem:

Over 600,000 hours of video content and 18,000 hours of music is uploaded to the major free streaming services on the web daily for consumers to view and listen to. This makes it incredibly difficult for an emerging creator to be noticed. Creating high quality content requires time and resources, as does content marketing.

A paradoxical situation arises wherein the creator is forced to forsake production in favor of marketing and advertising. Instead of using time and talent to produce creative works, the creator becomes a marketer, resulting in a massive amount of low quality content made available to users, who, in turn, lose interest.

Even with a successful team and marketing campaign, statistics show that the majority of any targeted audience does not interact with a content creator’s advertisement or provide feedback. The VibraVid platform aims to solve the issue of discoverability with the added benefits of an improved method for increasing user interaction, critiquing and feedback.

Existing platforms are focused primarily on increasing advertising revenues and provide insufficient participation incentives for users and content creators alike. They offer marketing solutions to creators at a premium and do not incentivize users to view or listen to new content.

The most successful creators earn a minority share of revenue from the platforms they upload their content to. VibraVid feels that this is an unfair business model and our platform seeks to change the status quo in favor of content creators and users by incentivizing them to create and enjoy quality content. We believe that this not only will allow more creators to start making new and independent content, but will also allow them to generate a fair income that is truly based on the popularity of their content.

The solution:

With BeatzCoin at the center of VibraVid, we are able to offer both users and creators a new way of earning money for creating, watching, or listening to what they love. While advertising is not a thing of the past, we believe that users should be able to decide if they want to view adverts, and creators should be able to decide whether, and how frequently, advertisements are displayed during the duration of their content.