Transcodium will tackle all the 3P’s (Privacy, Pricing, and Processing Power) in an instance, there will be no limit on how much processing power Transcodium will be able to generate from its network. Transcodium network will be available to its target customers in a more cheaper price than the current market price. Transcodium will provide APIs, Console and GUI Applications for customers to aid in a rapid transcoding process.
Transcodium aims to provide the first peer-to-peer blockchain based and decentralized media transcoding, editing and distribution platform with high quality and reliable computational power at a very affordable price. This will create a global market for users, willing to rent their idle machines to be used as workers (miners). Further, at the end of the transcoding process, the worker (processor) will be rewarded with the TNS token.
– The blockchain and decentralized technology model enables the provision of a cheaper and reliable alternative to cloud transcoding.
– Due to the unlimited processing power, all thanks to the workers, files will be transcoded in a very fast speed, eliminating long queues and waiting time.
– A single transcoding request will be processed by multiple nodes and workers, so the outage of one node or worker will have no effect on the process, making it more efficient and time-saving.
– Transcoding will not be limited to audio and videos only, but also other file formats such as images and documents.
The use of smart contract will enable transparency on the network, vital information such the file duration, the amount the initiator was charged and the amount paid to workers will all be on the public ledger. Customers and workers can always check how much they have been charged or paid respectfully for a specific task on the network.
Transcodium will provide SDKs & APIs for using or accessing data on the network. Developers can build their own software or service around it.
Use Case 1: Developers building media conversion software can take a great advantage of services on the network such as providing their software’s users with the ability to export their output to multiple destinations such as YouTube, Facebook, Dailymotion and etc.
Use Case 2: Using the Transcodium network, developers can build a complex video and audio editing tools with advanced features which in most cases will take forever to be processed on user’s computer or smartphone.
TRANSCODIUM ( TNS ) TOKEN
TNS token is an ERC-20 compliant Ethereum based token which is designed to work on Transcodium network. The token will be a mean of payment within the network. The total supply of the TNS token is 120 million and has a maximum of 18 decimal places. This is a fixed supply and will not decrease or increase, the decision of the total supply was made by the Transcodium team and founders.
Transcodium intended to use funds received during TNS token sale for further development of the project, payment of salaries and future expenses. This will help accelerate development and also enable the team to work full time with total commitment. During TNS token sale, purchasers will be provided with the TNS token within two weeks after the end of Token sale; provided, that this term maybe extended due to unforeseen circumstances. Payment method will be in Bitcoin, Ethereum, or Litecoin or other currency (cryptocurrency) as may be additionally introduced by the Transcodium. The TNS token may be used as a medium of payments for services on the Transcodium platform and other Transcodium based products. After token sale and distribution, the TNS token will have an immediate usage on the cloud transcoding platform until the the decentralized version of the transcoding platform is completed. The presale starts on January 7th, 2018 and ends on February 28th, 2018. During this period early purchasers will be given a discount of 30% for the first 5,710,000 tokens to be sold.
TOTAL SUPPLY: 120,000,000
– Token Sales (72%)
– Bonuses, Discounts and Token sale expenses (4%)
– Advisors & Partners (4%)
– Bounty (1%)
– Team Members (10%)
– Marketing (Present & Future), Provision of trial accounts for customers and platform testers.
Token Type: Ethereum ERC-20 Compliant
Price Per Token: $0.376 (without discount/bonus)
Minimum Purchase: 100 TNS – $37.6