Qravity is a decentralized content production and distribution platform where creators own and profit from their work. Qravity provides a space for creative visionaries to collectively develop original monetizable digital content, including movies, music, games, e-books, and applications. The platform uses virtual tokens on the Ethereum blockchain to track digital content creation, distribute project stakes among team members, and bring Qravity-produced content finalized on Qravity directly to market. Blockchain technology makes the platform’s transactions transparent in terms of revenue, product distribution, and profit sharing.
Qravity pays royalties in QCO every time a distributor licenses content or a consumer buys or rents platform content. This model is similar to existing distribution and streaming models and uses QCO as its cryptocurrency. This makes project revenue transparent for all stakeholders. As a blockchain technology, QCO ensures that all project contributors, and Qravity itself, receive their fair share of their project’s income.
The Qravity platform is a decentralized digital content development and distribution platform with integrated project management tools, including asset production and approval, file sharing, and messaging for community and team communication. Project team members use these features according to their role. The platform uses two tokens called Qravity QCO (QCO) and Qravity Project Tokens (QPT). Qravity QCO (QCO) is use for all monetary transactions and Qravity Project Tokens (QPT) is use for to track project ownership; in other words, they represent shares in a project. QPT are for internal use only and cannot be purchased. These tokens are created and given to content creators in exchange for the work they complete for a project.
The platform will generates revenue through its shares in ownership of each project on a percentage basis, and by licensing content to consumers. For every project, Qravity’s stake is fixed at 10%. The 10% stake for new projects may increase or decrease dynamically for future project founders according to the health of the platform’s economy. The rate set during project creation is permanent.
Qravity (QCO) token
Type: ERC 827 Token Ethereum blockchain
Total supply: 1,000,000,000
Initial token price: 0.0002 ETH
50% for Token sale
22% for Team members and advisors
14% for Reserve
12% for Token stability
2% community rewards
Presale start date: July 28, 2018
Presale start date: Aug 11, 2018
Token sale start date: Aug 12, 2018
Token sale end date: Oct 01, 2018