Script Network review
Today we will look at an interesting project that offers a new format of interaction between the user and the content creator, let's also see what the essence of this project is.
What is Script Network
With television progressively turning into a cord cutting, digital experience, script.tv are focused on delivering a unique, industry defining experience, using blockchain technology. Although there are multiple options to consume content globally, script.tv is the first to bring live television to blockchain, with on-chain rewards through NFTs, gifts, layered functionality and tokens through our watch to earn model.
Script Networks vision is to revolutionise the way users consume content, by giving them unrivalled access, opportunity and benefits that no other content platform has been able to provide to date. Beyond that, at scale, Script Networks mission is to build a suite of products within Script Blockchain, enabling dApps, partnerships and APIs to enhance the viewing experience for the user. Script Network is fixing a broken model in the production industry of launch, distribution, promotion that content houses have had for decades.
IDO (Poolz Launchpad): TBA - TBA
IDO (Kommunitas Launchpad): TBA - TBA
Token supply: 1,000,000,000 SCPT
Hard cap: 2,165,000 USD
Token infoTicker: SCPT
Seed - 4.8%
Strategic - 4.9%
Private - 2.5%
Public - 1.8%
Partnerships - 10%
Team & Advisors - 14%
Development - 24%
DEX Liquidity - 5%
Network Seeding - 12%
Marketing - 16%
Community Rewards - 5%
What make this app unique
There are multiple aspects, but here are some:
- Script TV are the first linear television platform on blockchain. That means you can watch films, tv series and more, on Script TV original channels, 24/7, at no cost, whilst earning rewards for doing so. This is the first in TV.
-Content layer NFTs. For the first time ever, claim, buy and get rewarded based on spontaneous releases of NFTs during shows / films being aired. This unlocks an entirely different opportunity for holders and owners long term.
- Beyond this, users are able to interact with each other, create content clubs, and yield further benefits from being part of groups.
ScriptTV: Bridging Video Streaming With Web 3.0
Thanks to blockchain technology and the inception of Script.tv, we are now beginning to return to a more decentralized internet. It is the only viable solution that will allow us to regain control of our data, preserve rights for online privacy, and ensure the free flow of information.
Script.tv has the potential to revolutionize video streaming for television stations and broadcasts while providing the necessary infrastructure for web 3.0, allowing anyone to host video content and live streams in a decentralized manner.
Due to the immutability of the blockchain, Script.tv creators will have the creative liberty to post any content without the fear of being censored or de-platformed. Furthermore, Script.tv will offer a more affordable and robust storage system than cloud services. There won’t be any server downtime or security leaks/hacks related to central points of failure.
Another essential element of web 3.0 protocols like Script is establishing a fairer distribution of profits for content creators and rewarding users for helping maintain the platform’s functioning.
Crypto projects can be highly risky due to price volatility. It is worth remembering that the tokens used by SCRIPT TV the also cryptocurrency traded on an exchange. We do not encourage you to invest your money in such products, and we are not responsible for any money lost. All investments you make are at your own risk.
Which blockchain is SCRIPT TV on
Script TV is built on Script blockchain. The goal of Script Network is to onboard the next 1 billion watchers of content to web3, whilst also providing a house for hundreds of thousands of filmmakers and studios to build using blockchain, with ease. The best part is as the network grows, the platform (literally), gets stronger!
How much can I earn staking
This depends on various factors, but fortunately, we have made it easy for you to estimate this, through our staking calculator. This can be found on the footer of the token website.
I am confused on how to take part in testnet, what do I do? We understand for many that’s it’s a totally new experience, so we have written out guides to explain further. Please head here for further explanation.
Why are the two different tokens
In order to ensure the effective management, security and stability of the network the token economy of Script.TV project based on close interaction of two tokens:
1. SCRIPT ($SCPT), used for staking, governance and advertising
2. SPAY ($SPAY), which actually is used as a rewards, transactions and upgrading ScriptGLASS. At its core, It is used to support all transactions on the blockchain such as payments for sharing a video stream, interacting with smart contracts, NFT transaction fees, etc.
How will NFTs be implemented into TV platform
This will be through live feed access, an original layer onto our platform which allows NFTs to be auctioned and traded in real time, during shows being aired on the platform. Besides this, there will be a marketplace where legacy NFTs can be shared and traded.
To summarize, the project is very ambitious and offers a new approach to the interaction between the user and the content crier, the project already has partially working functionality and continues to evolve, so we will follow the project and recommend that you also pay attention.