Viuly, the company working to build the online video sharing platform of the future, has announced plans to distribute its VIU tokens to all current Ethereum holders. This follows a recent strategic decision from the startup to expand its current user base and encourage adoption of its decentralized video sharing revolution available at https://viuly.io.
On November 5th, a snapshot of the Ethereum blockchain was taken, after which every Ethereum personal wallet owner holding at least 0.1 ETH will receive a share of VIU tokens on November 10th. VIU tokens, ERC20 compliant built on the Ethereum protocol, are the native currency of the Viuly online video platform.
The Ethereum community can expect to receive VIU tokens at a fixed rate of 5 VIU for every 1 ETH owned, capped at 1,000 ETH (to receive 5,000 VIU tokens) per holder. Holders will qualify for the airdrop as long as they held at least 0.1 ETH during the November 5th snapshot.
To ensure participation, ETH holders are advised to use Ethereum wallets with their own private keys and support for ERC20 tokens. Some recommended wallets include MyEtherWallet and Mist. Wallets from online services such as cryptocurrency exchanges will not be allowed to receive VIU tokens.
The airdrop campaign hopes to replicate the success of previous models of free distribution to active crypto users, seeking to leverage the global and extensive reach of the Ethereum community, one of the most popular alternative cryptocurrencies in use. The model of wide distribution and global circulation is projected to catalyze growth and adoption of Viuly’s revolutionary video platform.
Given that there will be a total of 500,000,000 (500 million) VIU tokens in circulation, it is expected that this airdrop campaign will be distributed to some 1 million active Ethereum users. Viuly hopes that the mass airdrop participants will be encouraged to experience the Viuly platform, which enables users to create, upload and watch videos online.
Experience the future of online video sharing with Viuly!
Viuly believes that the mass airdrop campaign will greatly help adoption and use of its platform. The initial wide distribution will mean that millions of users will immediately own VIU tokens that they can use to promote their videos and interact with other Viuly users.
Users of the platform can currently use VIU tokens to:
- pay for advertising that other users will watch;
- tip content creators if they enjoy the videos;
- access premium content on a pay-per-view basis;
- subscribe to paid video channels;
- trade on the open market once tokens are listed on external exchanges soon after the airdrop.
In the near future, users can even purchase products and services advertised on Viuly directly from the video ads.
Viuly’s mission is to disrupt the multi-billion dollar industry of online video sharing through decentralization and transparency. It aims to create a fair and open video network operating on an equitable model of revenue sharing. With Viuly, users have a fair, unrestricted environment to share, watch, and upload any content.
For more information on Viuly’s objectives and development roadmap, visit the Viuly website https://viuly.com and try the platform at: https://viuly.io.