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What is ShowCoin（SHOW）?
ShowCoin is an encryption-based digital currency for live digital entertainment content distribution services and products, which is the first peer-to-peer network technology based on the block-chain and smart contracts. ShowCoin and its economic systems and infrastructure services are designed primarily for the global digital interactive entertainment distribution. On this basis, it can serve all kinds of organizations with different backgrounds and cultures all over the world under the open ecological environment.
"Show" is one of the organizations that operate served for the ShowCoin’s ecosystem. Unlike the existing block-chain-oriented DAPP projects, we are directly targeting the content producers themselves, as well as the professional brokerage companies and operations organizations behind. We call such organizations that work for content producers "clubs" like traditional circus and performance companies serving singers. We are going to set up our first foundation club based on ShowCoin, namely 1show (1show.club) to demonstrate to the essential participants of the ecological commuity. The 1show clubs and other organizations are entitled with the same rights and responsibilities in the entire ecosystem.
1show will cooperate with the world's leading model agencies, such as "The Victoria's Secret", to assemblethe best and most influential supermodels and internet celebrities all over the world together providing them with peer-to-peer live streaming service based on ShowCoin and focusing on entertainment, beauty, makeup and e-commerce contents to produce a demonstration effect so that more outstanding content producers no matter in the forms of organizations and individuals will participate in the entire ecosystem.
The Use of SHOW Token
As a digital token circulating in the system, ShowCoin is characterized in high-frequency and multi-scene usages. The streamer selects gift templates designed by the designers.The streamer initiates incentive measures for sharing the living broadcasting.The traffic spreaders attract customers to watch.
The customers purchase gifts for the streamer.ShowCoin shall be automatically distributed to the designers and customers according to the proportion specified by the streamer. With the emergence of ShowCoin, a benefit distribution mechanism without any cuts is established.The customers can directly reward the content producers.It doesn’t suffer from beneficial damages due to excessive virtual currencies and the commission up to 70% of total incomes because it does not operate through any third party platforms.Thus it completely achieves the decentralized benefits distribution mechanism.
Based on the benefit distribution mechanism of ShowCoin, it is anticipated that more content producers will be willing to be involved.The sub-units are characterized in autonomous properties, which can help to achieve the balance of the entire ecosystem on the basis of Nash equilibrium.The content producers will shift their focus from “begging” to contents, which shall completely defeat worthless live streaming.Not just the producers, but also the consumers will get involved in the ecosystem from traditionally passive participation. They can grade the content producers by viewing time and also be rewarded by sharing the producers’ contents.
The number of coins totally is 10 billion.
The total amount of 5 billion (50%) is expected to be issued.Where,
Footing-stone Reserve (12%). Partially locked. For details, please refer to the Rules.
Fundation Reserve (38%). Partially locked. For details, please refer to the Rules.
The exchanged ShowCoins are used for the research and development and infrastructure construction of the ShowCoins system.
The remaining 5 billion (50%) will be used for incentive distribution, project maintenance and investment incubation.
Five billion coins are distributed in the following proportions:
Two billion coins (20%) are used for the ecological construction of the ShowCoins.
Two billions of coins (20%) are used for user growth, promotion and market acquisition of ShowCoins.
One billion ShowCoins (10%) are used for rewards to the founding team, locked for two years and then unlocked 25% every six months totally for four years. Award details are set by the project initiation team.
For more details please refer to ShowCoin Official Website