CoinTiger has hosted the 7th AMA session with BuzzShow (GLDY), the blockchain-enabled social media network. The platform utilizes #Goldies utility tokens to reward the use of video content.
Session1: QA with the Project representative
Q1: What makes Buzzshow different from the global social media platforms around today (YouTube, Facebook, etc.?
BuzzShow: Buzzshow is a non-profit foundation and is all about sharing revenue equally amongst those who contribute to the success of our platform. This means people who create content, people who curate cool content in playlists for others to watch, people who share videos and even all the people who simply watch videos. This is very different from the legacy platforms, who may have started out as projects by idealists but which have today become corporates with little respect for user privacy and with their primary focus on corporate profits, shortchanging creators and users without whom these platforms would not exist.
Q2: What sources of revenue are you developing to be able to sustain the platform long term?
BuzzShow: There are 3 sources of revenue we are developing; 1) Native Advertising or Influencer Marketing 2) Subscription-based ad-free premium content 3) In-App / On-Platform purchases. There will be other sources of revenue as well but these are the ones we have started developing today.
Q3: How did you manage to get these big names in Premium Content as a new platform?
BuzzShow: Premium Content Owners are always on the lookout for new ways to reach a wider audience. Their interest in Buzzshow is primarily based on their analysis showing that the viewers are actively looking for sharing based platforms rather than centralized corporate profits.
Q4: Can you give us any statistics on user growth, differentiating regular users and influencers?
BuzzShow: Since the launch of V2.0, our userbase is growing at double-digit speed. We will soon come out with a special Press Release containing much more exciting detail on this topic and I don't want to ruin the surprise :)
Q5: It’s not easy to get Influencers on board, why are so many joining Buzzshow?
BuzzShow: Just like regular viewers, influencers have been looking for a platform that shares revenue in a fairway. On top of that, we have been developing a unique digital marketplace specially created for Influencers and their advertisers that makes it much easier to manage their campaigns and their artwork delivery workflow. Lastly, we know that our Referral Campaign, which rewards people for bringing in new users is rapidly catching on amongst influencers too and this makes sense of course because influencers can reel in lots and lots of bounty once they get their fanbase to sign on as well.
Q6: What can you tell us about future development projects within Buzzshow?
BuzzShow: First of all we have to admit that there are still a few teething problems on the platform here and there. This will likely keep us busy for another couple of weeks and your feedback is instrumental for us there. You will find that if you report an issue, preferably with a screenshot, that it will be fixed very soon after because we work in one-week development sprints. But looking at the midterm, the most exciting and challenging project for us is to develop our decentralized peer-to-peer hosting and streaming. We have already taken the first steps there, so it will not be too far down the road before you will see our first trials in this area.
Session 2: Open Questions by the Community
Q1: I am a developer and I would like to help develop Buzzshow. Is that possible?
BuzzShow: This is certainly possible, provided of course that your skill set fits with our architecture and current projects. The best thing to do is to send your CV, with practical examples of the type of work you have done before and what you like doing best, to support@buzzshow.com.
Q2: Can you explain the relationship between the GLDY listed cryptocurrency and the Goldies on the Buzzshow platform?
BuzzShow: This is an easy one :) The listed GLDY token is exactly 1.000 Goldies on the platform. We have done this to make it easier to deal with small amounts within the platform that do not require validation on the blockchain.
Q3: When do you think your exchange rate will hit the 0,50 USD mark, same as the price on your platform?
BuzzShow: We are currently receiving significant demand for our tokens from formal investors, which is always a good sign and usually precedes a period of strong buying pressure. I don’t have a glass ball and I can’t predict the future but based on the facts that 1) we have a finite number of tokens that can ever be created of 150M 2) there is a distinct bullish sentiment among the people holding our token today and 3) formal investors are seriously looking at buying a significant number of tokens, my advice would be to jump in sooner rather than later.
Q4: Why did you float at 0,01 USD when the price for a GLDY on your platform is 0,50 USD
BuzzShow: Launching our GLDY token on our very first exchange required a big promotion to generate a lot of interest from the trading community, essentially because it is in the interest of everyone holding GLDY tokens that the exchange rate goes up. We felt that the best way to do this was to make small, promotional quantities of GLDY available at 1 USD cent and then again at 5 USD cent and so on until we reach our minimum platform rate of 0,50 USD. This way, the early investor on CointTiger could have a great ride up. It took a few days for the community to realize this but as you can see we managed to constantly increase the exchange rate, even in a very bearish market.
Q5: Today it’s not possible to upload any videos on Buzzshow, how are you going to resolve that?
BuzzShow: As per my answer to the question about Future Development Projects, this is a key focus for us BUT we want to do this the right way and that means decentralized. This poses some challenges but we have already made our first tracks in this area and I am confident it will not take very long before our first trials.
Session 3: Multiple-Choice-Questions
The correct answers will be bolded
Q1. If you watch or share a video on Buzzshow, how many Goldies will you receive?
A: None
B: 0,1
C: 1
D: 5
Q2. If you invite a friend (1 step away from you) through your personal Referral Link and they accept, how many Goldies will you receive?
A: None
B: 3750
C: 7500
D: 15000
Q3. If that friend (1 step away from you) successfully invites another friend (2 steps away from you), how many Goldies will you receive?
A: None
B: 3750
C: 7500
D: 15000
Q4: If that friend (2 steps away from you) successfully invites another friend (3 steps away from you), how many Goldies will you receive?
A: None
B: 3750
C: 7500
D: 15000
Q5. If that friend (3 steps away from you) successfully invites another friend (4 steps away from you), how many Goldies will you receive?
A: None
B: 3750
C: 7500
D: 15000
AMA Past Recaps:
#1. Mogu ($MOGX)
#2. Everipedia ($IQ)
#3. Dickson Magic (Contract Trading Specialist)
#4. Rakun ($RAKU)
#5. Solve.Care ($SOLVE)
#6. Dickson Magic#2 (Contract Trading Specialist)
CoinTiger(www.cointiger.com) is the first crypto exchange to introduce an equity mechanism with its native TigerCash (TCH) token. CoinTiger has listed 133+ tokens and worldwide users stood at 3 million across 150 countries with a ratio of 34% Chinese and 66% international users.
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