Adrian Garelik

Here from Argentina, CEO Adrián Garelik will present Flixxo for its Amsterdam premier at Bitcoin Wednesday on 6 September, 2017.

Token Incentives in Peer-to-Peer Distribution Networks

Adrián has teamed up with Federico Abad, creator of the popular peer-to-peer streaming video app, Popcorn Time, to release their fully decentralized, cryptocurrency-driven video sharing platform. Adrián writes:

On social networks there is an asset that is transferred and treasured called “Likes”.  But they don’t have an actual value because no one ever ran out of Likes. Tokenizing this asset, turning it into some kind of Likecoin with limited issuance would add value to it by generating scarcity.

In the past, peer-to-peer distribution networks lacked incentives with which its users could be rewarded.  Without this benefit the vast majority of the networks’ users only grab the content that interests them and rarely share.  To solve this problem Flixxo will launch the Flixx token, that will be a reward for contributing by lending your bandwidth and storage space.

Today’s video streaming models like Netflix, Youtube, Amazon Prime and the social networks that have started producing their own videos such as Facebook and Snapchat, all rely on massive structural costs. Netflix, for example, spends almost $1 billion on infrastructure.   Popcorn Time scaled to more than 100 million users within three years and has no structural costs at all.

Shifting The Incentive