Introducing SLATE: The Entertainment Currency

May 01, 2018 at 10:16 // PR
Slate entertainment currency

Slate Entertainment Group is proud to announce the launch of SLATE [SLX] blockchain network. Slate will revolutionize the entertainment industry by using blockchain technology to provide transparency and accountability in the entertainment space, while making it easier than ever to find and buy the entertainment you love.

Slate will power the first blockchain video on demand (BVOD™) service, BINGE, and facilitate all types of entertainment discovery and ticketing. Binge introduces BVOD™ (Blockchain Video on Demand), the first premium decentralized streaming platform to utilize the power of distributed ledger technology.

For the Binge streaming media platform, blockchain technology facilitates streaming content and transparent behavioral analytics that reveal consumer tastes. Binge’s model of transparency is an entertainment-industry first. Binge will provide real-time revenue sharing between content providers and creators, while mediating access to the valuable network data and analysis that improves content development.

What is Slatix

Powered by the SLATE network, SLATIX will be the new go-to mobile app for entertainment discovery and ticketing. Consumers using SLATIX can discover great content through a curated system of authenticated reviews, and earn substantial discounts and access to entertainment events, including movies, concerts, plays, museums and sporting events. Repeat users will enjoy loyalty rewards and an unparalleled entertainment experience. Curation of a trustworthy review system is incentivized with  Slate token rewards (SLX). Since the tickets are secondary tokens on the Slate blockchain, they are forgery-resistant and securely exchangeable on the secondary marketplace.

How Does Slate Work

SLATE is a blockchain-based entertainment utility protocol powered by a cryptographically secure multilayered network. The decentralized system will deliver low-cost, high-speed, high-definition video globally and facilitate live event ticketing on the blockchain. Consumers will be able to spend SLATE cryptocurrency (SLX) on some of the best entertainment the world has to offer. The use of SLATE enables fair and transparent compensation between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment, while event hosts have the peace of mind of knowing their tickets are secured by the blockchain.

Masternode Network

The SLATE network consists of a primary network, the distributed ledger for the SLX cryptocurrency, and a secondary layer of “Masternodes.” These service nodes store videos and deliver them to Binge customers. Masternodes will be a premier way of earning SLX through the hosting of nodes and storage of content, providing SLX Masternode owners with real world passive income. The genius of the network is in the aligned incentives: the SLX cryptocurrency motivates service providers to maintain an always-on global network.

Unrestricted Global Access

Consumers are the authority that matters when it comes to content decisions. Not governments. Not companies. Blockchain gives power to the people. Binge’s peer-to-peer distribution network will safeguard consumer choice.  SLATE cryptocurrency will eliminate barriers to international commerce and net neutrality. Trustless transactions mean fast payments that bypass banks and bureaucracy, while still honoring licensing agreements. Accessible content. Fair payment. The road to freedom is being paved by blockchain.

Pre-Sale & Token Sale

The initial sale distributes 48% of the total network supply of SLX coins. The sale is structured so that earlier purchasers get fair bonuses. Receive up toforty-five percent (45%) discount based on pre-sale price of twenty cents ($0.20). The pre-sale bonus starts at 5% for the first five days, then drops by 1% every five day period. The intended token sale opens at twenty-seven cents ($0.27), and rises by two cents ($0.02) every four day period, to a peak of thirty-five cents ($0.35).

The Pre-Sale starts May 11th and runs through May 26. Register now and get whitelisted for the coming entertainment revolution. The intended public token sale begins shortly after.

Follow Slate on their favorite channels to be sure not to miss any updates, bounties, competitions, and giveaways.

Visit the Website:  https://slate.io
Read the Whitepaper:  https://slate.io/SLATE_WHITEPAPER.pdf
Discord:  https://discordapp.com/invite/ENuwHH5
Telegram:  https://t.me/Slate
Twitter:  https://twitter.com/slatecurrency
Facebook:  https://www.facebook.com/slatecurrency
Instagram:  https://www.instagram.com/slatecurrency/
GitHub:  https://github.com/slatecurrency

Media Contact
Name: Jose Maradiaga
Location: North America’s
Email:  j.maradiaga@slategroup.ca

Slate is the source of this content. This press release is for informational purposes only and should not be viewed as an endorsement by CoinIdol. We take no responsibility and give no guarantees, warranties or representations, implied or otherwise, for the content or accuracy. Readers should do their own research before investing funds in any company.