If you are a fan of videos, films, series or watching television in general than you know how expensive subscriptions are and how frustrating it can be when you travel and then found out that the country has placed some kind of restrictions on the content and you cannot view nor do anything about it. This is the predicaments of most people because even with VPN connections, you still can’t bypass these restrictions and this was what prompted the founders of Monvid to create the platform.

Monvid is a decentralized community network which uses the blockchain technology to cut-pass restrictions, filters, and censorship to deliver a video streaming service platform that is easy to use and advert free. The founders wanted to give people the experience of watching their favorite videos without any restrictions irrespective of where they are. Their vision was to use the blockchain technology.

With this technology, they intend to store packets of the contents of the blockchain which is highly encrypted and can’t be controlled by any agency or government. The application will be decentralized and the contents will be stored on more than one server, so instead of being served by one central server, the user gets served by the nearest server close to them, thereby enabling them to bypass all restrictions and censorships with ease.

How the Monvid platform will work

The platform is going to be developed to function in two different ways.

Peer-to-Peer Video Sharing — This functionality will allow content owners and video creator to share their videos for everyone to see for free without any fees and this video can then be rewarded by the community members. Whenever a user watches a creator video and would like to support their work, they can reward the creator with some MVID. The owners usually will get these rewards at no additional or hidden cost. These rewards may depend on the quality of the creator’s videos and the streaming quality that the community members got. This type of streaming is transparent, flexible and private.

Proxy Video Streaming — Monvid platform allows users to be able to bypass any restrictions that would have hindered it from streaming videos on the normal centralized platform. Due to its decentralized nature, the user can create a bridge between the platform and themselves using their computer from wherever they are. In simpler terms, if a user is one country and the creator is another country and the user wants to stream the creators content but due to some restrictions cannot in the regular streaming app with Monvid all those restrictions can be easily bypassed and the video streamed. The user is still safe as the platform only accept stream packets.

Special features of Monvid

The Monvid decentralized application will be built with some special features which make the user experience better than what they are provided with already and these features are;

• Its decentralized nature — due to this nature, the services are flexible, more transparent, evenly distributed and also tough and resistant than current models.

• Cost efficient — there is no subscription to the platform and users just pay as they go. Users are also rewarded depending on their storage and network usage.

• Censorship and unblocking — with Monvid users can stream video from wherever they are even if the country blocked it on other platforms and it can’t be monitored or censored easily which means your information is safe and secured.

• Unlimited distributed nodes — Monvid will allow everyone to stream videos on the platform and even get paid. This feature will help improve the quality and speed of streaming videos.

What Makes Monvid Different

Due to the blockchain technology and the fact that it is decentralized enable Monvid to provide its users with services that are better than what they are already getting.

Below are some of the services that make Monvid different.

• Privacy — the blockchain technology which Monvid is based on will ensure that every content creator and user’s personal information is safe and secured. Its decentralized nature ensures that there are no any central servers or companies that control anything on the platform, which means information is stored only on the blockchain and are usually encrypted.

• Cost efficiency — Monvid distributed and decentralized network allows content creators to share their resources with the community members free and the users stream these content for a lot less than what is been charged. Unlike the centralized platform that is around now where users have to pay a subscription fee and usually don’t have any say in how much they pay. With Monvid, content creators control the costs of their videos themselves and the community members’ reward and rate them based on the quality.

• No Advertisements — Monvid aim to give its viewers the abilities to stream videos online on the platform without any advertisements cutting in or disrupting the whole experience.

• Ownership of content by the producers — on the Monvid platform, the content creator has sole ownership of their content. They have the power to control it and cost it the way they want, unlike the traditional online video streaming platform where the content creator does not have any power over their content after it has been uploaded in the platform.

• Encrypted data transfer — data transfer on the Monvid platform are encrypted and untraceable providing extra security to users and content creators.

Fundraising for the Project

The creators of Monvid want to raise money for the actualization of this huge project through ICO (initial coin offering) and the pre-sale of the initial coin offering is already finished and the soft-cap of $500.000 is already reached. The main sale of ICO is started on the 1st of June 2018. The MVID which is the token to be sold through the ICO is priced at $0.05 — $0.10 and during the sale bonuses of up to 30% can be yours at the beginning of the sale which will be ending on the 31st of August.

According to the website, the distribution of the token and fund for the Monvid project is as follows; 70% of the token will be sold, 15% of the token will be reserved, 10% of it will be for the team and the remaining will be given out as bounty. The distribution of the funds will be as follows; 35% of the funds will go into marketing, 30% will be for development of the software, 15% for the hardware, assets, and infrastructure, 10% will be for legal expenses, 5% for sales and partnerships and the remaining for all administrative expenses.

The next generation of streaming videos from wherever you are at a low cost is here, with Monvid you get the best videos from a platform that aims to make the experience not only better but also easier on your wallet as well. it is promising the world a decentralized and proxied video streaming without all the hassle and problems faced by the users and content producers of the regular ones.