REOS: A blockchain-based ecosystem for user generated content
A blockchain-based ecosystem for user-generated content, challenging today’s social media giants
REOS PROJECT LEAD
15+ years of leadership experience across industries in mobile, security, blockchain, enterprise IT solutions, cloud services, and software; constantly bridging businesses across the Pacific. Named among the Top 100 Wireless Technology Experts of 2014 by Today’s Wireless World. Most recently co-founder and CEO of a social media mobile app start-up. Holds a M.S. degree from MIT.
HEAD OF BD & MARKETING
Responsible for REOS’ overall marketing and business development strategy. Technology executive with 12+ years of business development and product development experiences in multimedia and content delivery. Co-founder of a social media startup. Vice President of global sales at Nero. Solid background in the entertainment industry.
HEAD OF ENGINEERING
15+ years of technology management and entrepreneurial experience in mobile internet, digital content, artificial intelligence, blockchain and security. Previously China General Manager at Graphite Software and Commercialize TV as well as VP of Business Development at You On Demand Inc. Held key management and software architecture positions at Motorola. Holds a B.S. degree in computer science from Tsinghua University and a MBA from Kellogg.
CHIEF SYSTEM ARCHITECT
Responsible for REOS’ platform architecture on blockchain, smart contracts, rewards layer, and content delivery services. Senior technology executive with 18+ years of experience in software architecture, product management, and lean development, with a strong focus on consumer multimedia software, AI, and blockchain technology. Co-founder and CTO of Stashimi.
CHIEF SOFTWARE CONSULTANT
An established expert in mobile technology, open source, and blockchain with 20+ years of experience in software development and architecture. Holder of multiple patents in software and security. Previously senior software engineer at Graphite Software, Irdeto, Alcatel, and Deltaware Systems Inc.
LIFE FELLOW, IEEE
Chairman, Technical Committee on Services Computing, IEEE. Currently leads a blockchain research endeavor. Author of “A Framework for Blockchain-Based Applications. Formerly Chief Strategist and Associate CIO of the United States Social Security Administration. Sr. Director at Motorola, CTO & CMO of Kintera, and Manager of Signal Processing and Coding at IBM. Established expert in mobile technology, open source, and blockchain. Holder of multiple patents in software and security.
DIRECTOR, GLOBAL ECOSYSTEM AND CLOUD SERVICES LENOVO
Extensive experience across major MNCs in consumer electronics, IT and mobile, and highly conversant with hardware, OEM, internet and software services globally; spent 17 years at Sony, Hewlett Packard, Nokia and Lenovo. Led his team at Lenovo to significant partnership deals with major internet /software partners globally over the last 4 years including Google, Baidu, Amazon, and Dropbox. An avid angel investor in a number of promising start-ups.
PARTNER, ASIA PACIFIC GROWTH MANAGEMENT (APGM)
Experienced Investor and advisor with a global vision in digital content, finance, strategy, and international business development. Angel investor of Commercialize TV, a global start-up focusing on exchanging short video content between China and the world. One of the early employees of Yahoo.com in Asia Pacific, and experienced full growth cycle of the Internet during the new Millennium. Investor and advisor to a variety of start-ups, including an Hong Kong based blockchain company in the real estate industry.
FOUNDER, INTERVENTURES ASIA, AND FOUNDER, ICORA CO LTD
The ’go to guy’ with a no-nonsense approach for tech startups and ventures in Asia, with vast experience in identifying startups from an idea to mentoring, funding and acquisition stage, improving the probabilities by running on the ground engaging founders, partners and VCs to make the whole business plan work. Advisor to a number of successful ICO companies including Storiqa and formerly the first vice president of Mobile Alliance Singapore.
- Crowdsale (50%)
- REOS Community and Incentives (25%)
- Team (19%)
- Early Supporters & Advisors (6%)
- R&D (40%)
- Marketing (25%)
- Administration (20%)
- Operations (10%)
- Contingency (5%)
Cost of the token50000 tokens for 1 eth
Price without discounts
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Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
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The goal of the project is to change existing centralized social networks that oriented on advertising using blockchain technology, to regain power to content creators and consumers during checking the uniqueness of content. REOS is an ecosystem based on blockchain links for content created by users, which allows you to unite directly the creators of content and consumers. The platform allows content providers to monetize their creativity, without a middleman, and also be sure that the content is confirmed by the REOS community. All digital content formed by creators is also registered with REOSchainTM. Content creators can be effectively protected by different interested parties, bypassing any mediators, using REOS, a crypto token released by the REOS Foundation.
Risks and disadvantages
The project is interesting and still relevant, but literally- this segment of the market is crowded with different startups, which offer similar services using the decentralized blockchain technology. At the same time, these companies have been working for quite a long time and many of them attracted millions of users and a very large income, I don't think that this project will be able to survive in such conditions.
I think, not likely that this project would be successful and gain a large audience. The competition in this segment is very high, and the project doesn't provide any new solutions or innovations that would give it an important benefit over other companies and highlight it against the general backdrop.
Team os the project is active, as it is regularly taking part in numerous conferences on Blockchain. Website is translated into Chinese as well, besides English. It means that it also targets investors from other countries, particularly from China.
Risks and disadvantages
19 % of all tokens are reserved by the team. It can directly influence the token rate on the market, That number is too high.
I doubt whether Reos will be able to compete with major social networks, like Facebook or Twitter. Thus, nothing mentioned about partners, which the platform definitely needs.
This is a platform for the content creators to increase the profitability of their work in a more authentic way. The video content highly represents the project in the advertising and awareness creation intent.
Risks and disadvantages
The pre ICO will get more investors compared to the ICO. There isn't any press team attached to the project.
Allot of false information is provided on the internet so if the project is combating this problem and creating an opportunity for the users to verify the content they receive then the issue of pfraud will be dealt with and so much interest will be given to reos.
With such a platform more jobs are created for people who work online and they are guaranteed benefit on transparent grounds through the blockchain. With effective use of the social media platforms the awareness strategy will be accomplished.
Risks and disadvantages
A lot of time wasting in the carrying out of tasks such as the execution of the pre CIO this it can be concluded that the team is not sure of the success of the tasks to be executed therefore this is not a profitable venture.
Many content creators usually die with their talent and others are deprived of their payments by dubious employees. so a platform offering transparency will be much welcome to fill this loophole.
What is REOS?
REOS is a blockchain-based ecosystem for user generated content (UGC) that gives power and control back to content creators and consumers.
What are REOS tokens?
REOS is the ERC-20 compliant utility token that is circulating on the REOS platform
What is REOSchain?
REOSchainTM is the main blockchain for the REOS community where all digital content contributed by content creators is registered on. It ensures accurate attribution of ownership of the digital assets while providing a “Voting by Stakes” mechanism to valid the truthfulness of the content.
What problem does REOS solve?
There are two problems we’re attempting to solve. First, on platforms from Yelp to Facebook, there is no effective way for regular users to validate the content, which has resulted in issues like the distribution of disingenuous content. Yelp, for example, admitted itself that as many as 25% of the reviews on its website are fake.
Second, there is too much concentration of power among a few large Silicon Valley Internet giants like Google and Facebook to the extent that they not only dictate how much money a content creator can make on their platforms, but they also routinely censor content based on their business interests and political leanings while disrepecting their users’ right to privacy.
Why is REOS utilizing blockchain technology?
Blockchain technology enables us to create a transparent, secure, and decentralized system where members determine the value of the content. With our implementation, a piece of user generated content is first registered on the blockchain to ensure accurate attribution of ownership of the digital asset. Next, the results of the validation process are recorded on the blockchain which cannot be altered. Then, all transactions of UGC for buyers and sellers are recorded on the blockchain which become part of the permanent record. Finally, thanks to the Delegated Proof of Stake (DPoS) algorithm, the system is controlled by the members, as opposed to centrally managed by a corporation, which means control is given back to content creators and consumers.
Are there any competitors?
There are two types of competitors in the market.
1. Traditional social media platforms like YouTubes and Facebook. Admittedly, they have all the incumbent advantages from deep pocket to number of users. However, for all of the pitfalls of the traditional social media as we described in the whitepaper, there is room for a decentralized platform that gives power and control back to content creators and users. In fact, many users demand it.
2. There are some blockchain-based projects that claim to be transforming UGC platforms – such as PROPS, SteemIT, Current Media, Flixxo, etc. But none of these offer a truly democratic way of voting with stakes along with an efficient consensus protocol that scales.
How does the REOS content validation system work?
In our solution, a range for the length of the content validation process is pre-defined, and the content promoter can decide on exactly how long it takes for the validation to complete. The content promoter must up-vote or down-vote the content in order to successfully initiate the validation process. Once the validation process is initiated, content consumers can come in and up-vote or down-vote the content. A set number of REOS will be deducted from the content consumer’s account once they vote, which will then be put into an escrow account. Once the validation process ends, votes are calculated and then announced. The side with more votes will take all the tokens in the escrow account, and the total tokens will be equally distributed to the majority side members. The other side will not get any tokens back.
Will there be a token pre-sale?
We will conduct the pre-sale on 9:00am PDT April 27, 2018 until 11:59pm June 7th, 2018.
hen does the token sale start?
Our public token sale will begin June 8, 2018.
What is the total supply of REOS tokens?
The total supply of REOS tokens will be 10,000,000,000, and 50% of total issuance will be sold.
How much will one REOS token cost?
We will distribute REOS Tokens at a price of 1 ETH = 50,000 REOS Tokens during public sale, and 1 ETH = 75,000 REOS during pre-sale
Are there any bonuses or discounts available for the REOS token sale?
From June 8 through June 13, 2018, there is a 25% discount for early bird sale.
Where and how will the REOS token sale take place?
On the day of the sale, you will be able to visit reos.me/tokensale and click “Join Whitelist”. Next, you’ll start the token sale process by entering your email address, password and country. You will be issued a unique email invitation. Clicking a special link in this email will give you access to the token sale tool where you can log in to view your dashboard and complete the KYC form. On this dashboard, you can use Bitcoin (BTC) or Ether (ETH) to make your purchase.
What is the minimum to participate in pre-sale?
What cryptocurrencies are accepted in the token crowdsale?
For our REOS token sale we will accept Bitcoin (BTC) and Ether (ETH).
What is the minimum to participate in the token crowdsale?
The minimum purchase per person will be 0.1 ETH.
What is the maximum purchase per person during the crowdsale?
The maximum purchase per person will be 50 ETH.
Can I send ETH from an exchange?
No, we only accept payments made with your digital wallets.
Which countries can participate in the token sale?
You can participate in the REOS token sale if you are not a citizen or permanent resident from China, US, or if you don’t have permanent residence in countries such as Puerto Rico, the Virgin Islands, and other territories under the United States Control.
We also recommend that you review your country’s specific legislation to ensure you are abiding by the rules of your country.