BitMart, a premier global digital asset trading platform, recently listed Earneo (token symbol: RNO). Earneo is a real contender in the media sharing platform arena. What is unique about Earneo, compared to the popular platforms, is the real earning potential it offers for Content Creators, Viewers and Moderators.
On September 4, 2020, to better help BitMart users know more about Earneo and its team, we held a Telegram AMA with the topic of “Earneo a fair video sharing platform where everyone gets rewarded”. We are pleased to have Damien Larquey, the CEO of Earneo, to join the AMA and share valuable insights with our community members.
If you miss the AMA live, check our AMA recap below for more details:
[ABOUT THE GUEST SPEAKER]
Damien is truly passionate about technology and blockchain technology, business and management in particular. He started his career by working in IT, with mostly web development and web application. Damien Larquey spent the last few years working on several blockchain and cryptocurrency projects.
Q1. Who can earn RNO on Earneo.tube?
R-We thought of the Earneo tube as a platform where everyone can be rewarded.
- Content creators will earn 65% of the advertising income.
- Moderators will share 3% of advertising income.
- And what really sets Earneo apart from other platforms is that viewers are also paid. 20% of advertising income will be redistributed among viewers.
Q2. What source does Earneo's economic model take profits from?
We have chosen to implement advertising on the platform in order to offer content creators a higher reward for their work.
In the current climate, advertising is one of the biggest sectors on the internet, it represents a market of nearly 300 billion dollars.
These sources of income allow us to offer comfortable rewards to content creators.
And because we decided to create a platform that rewards all users in a fair way, for the first time, moderators, viewers and content creators will be rewarded.
The advertising will also benefit token holders. Thanks to the liquidity from advertising income and our unique token redemption system, we will be able to ensure constant demand in the market.
Q3. Do you have any plans to attract YouTubers to the Earneo.tube ? If so, why would the creators choose Earneo rather than YouTube?
Yes, we are working with several content creators (a.k.a YouTubers) to bring them to Earneo.tube. Indeed, we are aware that most of them will share content on both platforms, and step by step Youtube might become a new funnel in order to drive their followers towards Earneo.tube. As viewers will also get rewarded, this means better engagement and better rewards. They will benefit quickly from Earneo. We are already communicating with many content creators that will come to Earneo.tube, and so far we have agreements with content creators which have accumulated 10 million subscribers on YouTube. Those creators will join the platform step by step, and we will continue to bring more content to the platform.
Q4. RNO is used to reward the creators, moderators, and viewers on Earneo.tube. So, what’s the team's plan to increase the value and demand of RNO and how you are going to keep it high?
It is important to understand our token economics.
First of all, our token, which is now on the Binance chain, does not have a mint function.
Which means our supply will be a maximum of 650 million tokens (the number has even been reduced during the swap). This also means that we do not mint new tokens to reward users, we have to buy back them on the market!
Our business model is based on the advertisement: when there are ads on a video, it means income for Earneo. With this income, we will rebuy the token to reward the users. 65% for the content creators, 20% share among the viewers, 3% share among the moderators.
As the platform will grow and start to generate income from advertisement, we will allocate a % of Earneo's income to buyback and burn some RNO in order to reduce the supply.
Q5. Can you tell us the vision for your project? Where do the founders see the project in say, three years?
So far we have launched Earneo.tube, which is our main webapp, Earneo iOS is available on the App Store, and the Android version will be released next week.
We are currently building upgrades that will change a lot of the technical infrastructure to a fully scalable solution — serverless build on Google Cloud platform, and IPFS for the video storage. We are working on a daily basis to improve our app.
In 3 years we expect to be among the video-sharing platforms that people use every single day. Our target is to massively attract content creators to Earneo.tube who are not satisfied with the monetization on other platforms. We expect to reach 1 million users in 3 years.
[About the Project]
Earneo is a real contender in the media sharing platform arena. What is unique about Earneo, compared to the popular platforms, is the real earning potential it offers for Content Creators, Viewers and Moderators.
Earneo’s mission is to build a fair video sharing platform. By sharing the advertisement revenue among all the users, we want to give back to the users and content creators what they really deserve. Earneo, who have applied Blockchain technology and IPFS technology, will be a decentralized video sharing platform, which means: transparency, efficiency and censorship- resistance.
- Whitepaper: https://www.earneo.io/wp/whitepaper.pdf
- Official website: https://www.earneo.io/
- Telegram: https://t.me/Earneo_official
- Twitter: https://twitter.com/earneodapp