Tokenized Reward Mechanism Of GazeTV
Image source (Sonto)
GazeTV is an innovative, decentralized entertainment platform that seeks to foster content/viewer relationship through built-in tokenomics incentives and rewards functions. On the GazeTV platform, users get rewarded for their engagement: Likes, shares, comments and views. Content creators also get rewarded for uploading original and quality contents on the GazeTV platform.
What is $GAZE ?
$GAZE is the utility that powers the GazeTV platform. $GAZE is ERC-20 compatible. Audiences and creators on the GazeTV platform are incentivized with $GAZE tokens.
Token name: GAZE
Ticker: $GAZE
Total Token Supply: 1,000,000,000
Use Cases:
GAZE tokens would be used to pay for content.
GAZE tokens can be donated by users to their favorite creators.
GAZE tokens can be staked for gift redemption.
! It is worthy to note that quality and authenticity of content is a prerequisite to incentivization. Contents uploaded on the GazeTV platform must be original and must lack any form of infringement or piracy. Verified contents would be rewarded for every second of the video uploaded. Current rate is 1second = 0.1 $GAZE.
Within the GazeTV ecosystem, incentivization is done under two pools:
Engagement Reward Pool & Reward Rate: GAZE tokens in this pool would be rewarded to the wallet addresses of registered users and content creators for each action performed on the GazeTV platform on a 1:1 ratio.
Content Upload Pool & Reward Rate: GAZE tokens in this pool would be rewarded to the wallet addresses of the content creator who successfully uploads or publishes a qualified video to the GazeTV platform.
For registered users (Audience)
0.25 GAZE per each unique action on a unique qualified video capped at 1 GAZE i.e 0.25 GAZE per comment, like, share or view
For registered content creators:
0.25 GAZE per each unique action on a unique qualified video view, comment & share
0.25 GAZE per each unique action on a qualified nett. like (number of likes minus number of dislikes
GazeTV Transactions Of Paid Content: Registered users pay for paid content in full.
70% - Content creator
15% - Engagement reward pool
15% - Content upload pool
Gaze Transaction of Donation/Support: Registered users are able to support content with donation in $GAZE.
70% - Content creator
15% - Engagement Reward Pool
15% - Content upload pool
Website: https://www.GazeTV.com
Facebook: https://www.facebook.com/GazeTVF
Telegram: https://t.me/gazetv
Twitter: https://twitter.com/GazeTVF