Refine Medium is a decentralized media platform rendering authentic and high-quality video content.
What is Refine Medium?
ideo creation, conveyance & consumption trends around the world are experiencing major disruption. Production houses and studios who once subjugated the Entertainment & Media landscape are now eagerly looking over their shoulders at the adamant, aggressive and ambitious online streaming service providers such as YouTube, Netflix, Prime Video, etc. This phenomenal growth of the online video content in the last decade has triggered a notable shift in the balance of power. But is the shift of control from oligopolistic studios and production houses to like-minded video platforms a sustainable option? Or there exists a better option which raises the expectations of the content yearning consumers and simultaneously rewards them for watching and reviewing videos. And also, maintains a robust, transparent and egalitarian relationship between the content
provider and content creator. The response to this is certainly affirmative.
Entertainment & Media industry is subtly poised to experience the blockchain disruption and incorporate a pragmatic use of cryptocurrency. The existing greed-driven business models of online video industry is set to experience a major setback with the emergence of blockchain-based video platforms that will place the control back in the hands of the users who feed the entertainment economy- viewers and creators. Refine Medium is a decentralized media platform rendering authentic and high-quality video content. It is built upon blockchain technology designed to enable viewers, creators and innovators of the platform to connect via smart contracts. Refine Medium aims to be a pioneer in the online media industry with Refine token “XRM” as its most trusted cryptocurrency.
How is Refine Medium different from any other media platform?
Refine Medium awards its viewers apart from monetary hikes for the creators. It provides a platform to surf real and original videos. Advertisement revenues that will be generated through videos uploaded will be shared with content creators and viewers. Refine Medium has an easy-to-use, user-friendly interface. A state-of-art two-level Referral system is embedded in our Smart Contract. We will deploy a group of moderators among the user base of the platform who will be elected democratically and will govern the internal mechanism of the platform.
“One can earn while enjoying and reviewing a video, One can earn while watching advertisements and rating them, One can verify news and earn incentives, One can learn and earn at the same time. The revenue generated from the services offered on the platform will be shared among all users and shareholders,” says Vikalp Shukla, Founder & CEO of the Refine Medium. This is an enhanced social experience that the users have never undergone before.
The following features to its users are offered by Refine Medium:
- The model implemented by Refine Medium through blockchain technology creates a direct creator-to-consumer network, replacing intermediaries in the process.
- Copyright Agents of existing video platforms will be replaced by Copyright Moderators in the Refine Medium platform.
- The negotiation agreements and payment terms will be governed by smart contracts with no scope of manipulation. These are predefined codes that are stored on the blockchain and intend to digitally facilitate, verify or enforce the performance of a contract.
- The platform is built upon blockchain technology with control of data being distributed across various nodes all over the world. If one attempts to manipulate or exploit user data for business pursuits, they have to seek the permission of the user whose personal data is in question. Each and every maneuver is recorded on the blockchain which eliminates any data discrepancy by third parties.
- The ranking and accessibility of content videos on the Refine Medium platform, as a result of the search query feed by the user, will be a sophisticated mechanism that will enable the user to fulfill their exacting demands. The Refine Medium algorithm is more of a real-time feedback loop that follows both the content and the user, thus, tailoring the respective videos to users with varied interests.
- In order to triumph the vigorous and revealing battle of winning over the creators and viewers, Refine Medium will charitably incentivize the content creators for joining and viewers to consume the services offered by the platform. The platform believes that if the implementation of features is concrete and the rewarding mechanism is upright, customers are ought to get attracted to the quality of service provided.