Transcodium Platforms Are Mainly Limited To Media File Formats

Februari 28, 2018

Transcodium aims to provide a peer-based media blockchain for the cutting edge and decentralized way to transcribe, edit and distribute high-quality platforms with computing power and reliability at very affordable prices. This will create a global market for users, willing to rent their idle machines to be used as working tools (miners). Then, at the end of the process, the transcoder (processor) worker will be provided with a sign that can be redeemed with TNS in any currency or can be sold to a customer (founder) who needs this token for use on our platform.

TranscodiumStarting as a Medianap in 2015 with a visual cloud transcoding platform and media editing, but retreating from business due to the high cost of cloud servers, we can not compete with existing platforms and have to switch to other businesses this year. 2016, our team decided to look at opportunities again but this time using blockchain technology and decentralization. Unlike the previous platform, the Transcodium network will be completely autonomous without human intervention.

Transcoding is the process of converting from one file format to another and compatible format Before your favorite social media platform or streaming sites like Youtube or Netflix to make videos available to you, they will turn this video into several formats to support such devices as Smartphones, laptops and computers, TVs and more, because each has different capabilities. Some videos may fail to play over a slow internet connection, the type of video also needs to be converted into a lighter format so the streaming is so smooth.

Bounty Program

We have allocated 1% of total token supply for bounty, ie we will provide 1.2 million TNS tokens for gift hunters. The overall appraisal of the prize program is $ 416,640.
To distribute the gift tokens quite a lot among the bounty hunters, we think the best approach is to give shares for each activity. Each gift program has a different percentage of weight and every activity you need to do will allow you to earn a bet. The Bounty program will last until the main ICO ends. After the main ICO ends, the tokes will be calculated for each share and then this token will be sent to your Ethereum account.
To participate in any bounty program you need to fill out a form for participation and then post proof of your activity on the thread of the gift as instructed. Your activity will be evaluated by the reward manager, if the rules are not followed correctly, the prize hunter may get a ban from the entire reward program. The transcodium team reserves the right to change the terms of the gift as well as add / remove rewards programs in the future.
You must join our telegram group to get support from our team during the rewards program. You should also notify us of your activity on the bounty thread. After the gift program is available to participate.

The Bounty Campaign Section is:

15% LIVE Translation Campaign!
Content Creation Campaign 20% (Articles, Reviews, Publications, Videos) LIVE!
10% Reddit Campaign LIVE!
15% LIVE Twitter Campaign!
15% LIVE Facebook Campaign!
20% Signature Campaign LIVE!
5% Reserve for future rewards LIVE!

Issues

The cloud transcoding platform is too expensive and scares the novice users who need their services. Existing companies spend more than half of their revenue on their own to process these media files, which is not encouraging.

Longer processing time due to hardware limitations. The cloud transcoding platform is hardware-limited, so all files to be processed are queued until the time is processed, resulting in frustration on the customer side waiting to be processed.

Due to the central nature of the platform, server downtime or downtime can cause the transcoding process to waste time, money, and resources overall.

Most transcoding platforms are limited to media file formats, making it very difficult to convert other formats such as image and document formats.

The solution

Blockchain and distributed technology models enable the provision of lower-cost and more reliable alternatives to cloud transcoding.

Thanks to the unlimited processing power, thanks to the employees, the files are transcoded in very fast speed, which eliminates the long queue and the waiting time.

Individual transcoding requests are processed by multiple nodes and workers, so a failure of one node or one employee has no impact on the process and is therefore more efficient and time-saving.

The transcoding is not limited to audio and video, but also to other file formats such as images and documents.

Market Overview

The Transcadium network will allow customers to use unlimited processing power with a very cheap compensation for the task. Customers can choose the price range offered by the TNS rules, the higher the price, the faster the file conversion and vice versa.

Customers can choose where to export the files once they have been processed. Goals like Facebook, Youtube, Twitter, SFTP, Amazon AWS, Google Drive and others are supported. Multiple goals are supported. The first goal is always free, the next goal being the cost provided to the master node processing it.

Before initiating file processing, the application calculates the total cost that the advocate will receive. After approval, the initiator wallet is debited. The deducted amount will be refunded if processing fails. The customer requires a TNS token for every transaction on the network.

TRANSPARENCY

The use of smart contracts wants to make it clear on the network. Customers and workers can check how much they cost or get paid for a specific task on the network.

PROPRIETARY PROOF

To achieve a better decentralized consensus, the Transcodium network uses a kind of proprietary proof algorithm where workers are randomly selected based on the portfolio and age of their accounts. It helps to save time and money.

PROOF CONVERSION

The proof of conversion between the central and the worker states that the worker is in a certain time, during processing the data, the worker goes to the method, the worker must process the data completely before the deadline of marking be canceled or inactive and want to pay the workers are preparing to take over.

The deadline is based on the current transcode activity and the size of the processed data. The contract pays the worker after transcoding and sending the file. Work is considered completed after the file is uploaded and verified by the central node. Proof of conversion will be supported by smart contract. Proof of conversion along with stock evidence makes the TNS regulation responsible for randomly selecting workers and balancing between initiators and processors.

Token distribution

Total turnover 120,000,000
Token sales (72%)
Bonuses & Discounts (4%)
Consultants & Partners (4%)
Bounty (1%)
Team members (10%)
Marketing (present & future), financing test accounts for customers & platform testers (9%)
Fund allocation

Soft Cap $ 500,000 USD
Hard cap $ 30,000,000 USD
Project development (50%)
Company expansion (3%)
Marketing & brand awareness (20%)
Operating costs (15%)
Law and Insurance (10%)
Other budget (2%)

Roadmap