Sports clubs and federations, we have some coaches and some media as well but the bulk of the users are sports clubs.
750+ Web TVs are currently active on the platform.
We mainly target 1°) sports clubs and 2°) sports organizations and federations.
Our offer consists of selling :
For sports clubs :
With an implementation on the platform, the MyTVtoken will be a business model in its own right !
The competition doesn't have the same depth of offer as complete as MyTVchain, not to mention significantly higher prices. In France, our partnership with Sport en France and the CNOSF locks the market for several years.
Regarding Twitch and others : The major difference lies in the fact that we are building community related to sports which is our specialization. We don't think that generalists will be able to fully adapt to specific needs of sports clubs...
Unlike the block boxes of most proprietary loyalty programs and virtual currency systems, the use of blockchain and a token-based business model ensures openness, transparency, and immutability of transactions.
Fans and video producers can retain their rights and market their content independently. The blockchain platform allows for fair usage tracking and rewarding of the associated contribution to stakeholders and clubs.
At a time when society is demanding honesty, transparency, and freedom on online ecosystems : blockchain technology seems to be the most appropriate to create a decentralized platform, governed by a community of peers (consisting of sports clubs, fans, supporters, friends, and families) and profitable for anyone at its scale.
The content creator keeps it !
Why not. However, we think there are other "milestones" to reach before we think about that. Sport en france partnership is a good step in this direction.
Yes, there will be in the future. We have the vocation to welcome ALL types of sports on our platform, even ludosport. Our platform is made for everyone, for all ages and all corners of the world.
Of course ! We have a very large offer, the largest on the market.
Scenario 1 : No camera. We send a team.
Scenario 2 : Camera of a friend / family. Compatible without problems!
Scenario 3 : Fully equipped. Extremely fast broadcast of the first images.
Yes, al sports actors are welcome on MyTVchain !
It's very simple ! It takes less than five minutes :
The MyTV token (MYTV) is a blockchain-based utility token acting as the fundamental unit of value within the MyTVchain ecosystem.
Each user is incentivized to purchase and use MyTV tokens to access services and is rewarded with MyTV tokens for their activity* on the platform.
The value of the tokens is designed to grow as the platform develops: it becomes a means of payment, an efficient store of value, and a new passive income opportunity for all those involved in sports and esports.
* Rewards: publish a video, share content on social media, rate content, watch ads, ...
Crypto-currency staking involves locking in a certain amount of the asset to receive rewards. This process is similar to savings account in a traditional bank.
For the MyTV token, this mechanism stabilizes the token's price while ensuring a fair reward for the holders who invest in the long term and participate in the governance (voting on key decisions, on the distribution of rewards on the platform and staking packs for example).
The pairs offered are in the form of DURATION / ANNUALIZED RETURN ( APY).
Interests are paid directly from the treasury at the end of the lock period.
It remains possible to recover the funds at any time. Withdrawing funds early will result in the loss of interest and a 4% penalty. This malus is charged to the amount originally staked by the investor and sent to the treasury.
Blockchain transaction fees (staking, MYTV redeem, rewards redeem, unstacking) are charged to the investor.
To subscribe to a package, a minimum amount of 100 MYTV is required, which represents (at the time of the public sale) 10$. Once you have subscribed, you will not be able to change the amount deposited, but you will be able to subscribe to new packs.
Other types of staking are being considered and may be implemented in the future, such as flexible staking with a lower rate but with the possibility of withdrawing your rewards dynamically.
Like any type of investment, and especially in the world of crypto-currencies, there are limitations and risks to be understood, especially regarding the uncertainty of prices of a volatile asset. If the price of the asset drops by a higher percentage that the return on staking itself, your contribution to the ecosystem will not earn you anything and will not make up for your losses.
It is a shortcut to say that the token appreciates in proportion to the number of users and views on the platform.
To understand this, let's start a little further.
Token valuation: the principle is to link the consumption of paid features on the platform to the valuation of the token.
How does it work?
What impact of a view on the platform? Difficult to estimate.
The most tangible element is the viewing of an ad: A marginal % of the platform fee will be used for buy-back.
Unlike FIAT currencies, the MyTV token:
If we project ourselves into the day-to-day use of a club that offers its fans paid services, receives rewards and donations:
An incentive to purchase features on the platform with a % cashback in MYTV credited to the content creator's wallet is also considered.
To make the "traditional" players pour into the potential opened by crypto-assets, we must be pragmatic and accompany a smooth transition by offering FIAT and MYTV entry points and by raising general awareness.
At a given moment, a "screen capture" of all ERC-20 holders will be performed. A migration script will automatically send the BEP-20 tokens to the same addresses.
During migration, the supply will be decreased by a factor of 10 to go from a Total Supply of 3,900,000,000 to 390,000,000.
If you own 100,000 MyTV (ERC-20), you will receive 10,000 MyTV (BEP-20) at migration.
The migration to the Binance Smart Chain (BEP-20) will be announced shortly and will take place in July - August 2021.
In addition to receiving a token that will be much more liquid and is built to increase in value over time as the MyTVchain platform is consumed: historical MyTV holders will benefit from a 120% APY staking offer over 90 days.
Several functional solutions are considered. The one chosen today is the default staking at 90 days (120% APY) to avoid manual interventions and allow everyone to benefit from the premium.
MyTV will be listed on PancakeSwap which is the Binance Smart Chain's most prominent decentralized finance platform.
The ERC-20 Smart Contract has a "Freeze" feature that prevents any function from being used. At the time of migration, this feature will be used to "pause" the entire ERC-20 ecosystem. MyTV owners will still be able to see them in their wallets but will no longer be able to use them.
MasterNodes will disappear at the time of migration and will be replaced by a staking mechanism only. You will receive your MasterNodes rewards until the last moment and will be able to switch to the staking offers when the time comes.
Historical MyTV holders will benefit from a dedicated staking package at 120% APY for 90 days.
To date, MyTVtoken serves as collateral for Masternodes sharing bandwidth and storage. At the state of the art, this type of system is very complex to maintain. Prof being for MYTV:
We already offer today an extremely efficient peer-to-peer streaming system but we do not exclude coming back to a MasterNode system in the medium / long term.
Today the priority remains to have a strong and useful token within the MyTVchain.com platform. The chosen orientations are fully in line with this.
Being cross-chain seems logical if we follow the evolution of the most efficient blockchain systems. This is something we consider essential in the medium / long term but which is not a priority today.
Link to the blog post : Why Choose Binance Smart Chain
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