Author: Jagdish Kumar, India
In order to capitalize on growing Blockchain development in India, Mumbai based video streaming platform Spuul has launched its Initial Coin Offering (ICO) called Spokkz.
With this move, the pioneering and established OTT player with over 60 million users in 180 countries have migrated its solutions to the Blockchain platform.
The move will take the company video into a new streaming platform to Blockchain-driven enterprise.
The token sale of Spokkz has started from 28 June 2018 will run through 5 August 2018 for which the company has set aside 30% or 300 million tokens out of the total supply of one billion tokens will be sold during this period.
The company has set a price of $0.08 per token and has announced that they will accept ETH, BTC, ZIL, and USD.
Spuul will offer bonus to early adopters to incentivise participation in the token sale. They are as follows: 28 June to 5 July: up to 100%, 6 to 13 July: up to 80%, 14 to 21 July: up to 60%, 22 to 29 July: up to 40% and 30 to 5 August: up to 20%.
Speaking on this, Spuul CEO and Co-founder Subin Subaiah said, “The ICO will help us tokenise our community and begin a shift to the Blockchain that we believe will change the dynamic between the creator and the viewer permanently.”
A live and tested platform, an experienced tech team, deep connections into the media industry and an influential advisory board puts the company way ahead of the competition in scale and readiness,” Subaiah said.
Subaiah added that Spokkz, through its innovative use of Blockchain technology, intends to create a crowd funding platform that will allow Spuul’s growing user base to select and fund video streaming content projects.
The current volume of transactions being significant at approximately 60,000 a day and growing, it was imperative for the company to forge collaboration with Zilliqa, the world’s first high throughput public Blockchain platform designed to process thousands of transactions per second.
This partnership between Spokkz and Zilliqa, where scale meets speed, will be another transformational force in the Blockchain economy.