The technology around virtual reality has been growing immensely in the last years and previously unknown chances can now become commercialized realities. Companies that specialize in VR tech or VR content could become the next tech boom winners. Spectiv gives its users and organizations the option to stream and watch virtual reality content to everyone around the world and has now announced their own protocol – The Signal Token Protocol (SIG) including its crowdsale.
What Is Spectiv VR?
Spectiv is a VR streaming platform that is newly fund just in 2017. Its core product enables users to watch live events through a VR perspective. No matter if sports events, concerts or cultural celebrations – Spectiv advertises premium seat proximity for such events that you can enjoy from your home, but through a unique point of view.
Special about the company is, that they not only provide content from big companies but from a community around the world. Users are required to also enjoy a VR streaming experience by using their own equipment as well.
A big part for Spectiv is a variety of partnerships that will help create content for the platform through engaging well-known institutions and production companies that are experienced with using cutting-edge VR equipment. An in-house production team at Spectiv is overseeing the content before it streams on the platform, to ensure and maintain a good content quality.
Signal Token Protocol
Spectiv has designed the Signal Token Protocol (SIG) to decentralize the advertising transaction and the buying, selling and other rewarding attention across media platforms. An advertiser is able to use SIGs via smart contract (build on the Ethereum Blockchain) associated with the targeted content.
The advertiser can choose to “activate” his content to publishers, viewers, and curators so they are able to engage with the content and be rewarded with SIGs for driving views to that content.
Every click or ad view is communicated through the smart contract and autonomously rewards the users. The SIG token was created to use within the Spectiv community and on the platform, but the company understands that the protocol also needs to accommodate to more than its own content.
The SIG therefore was developed to allow any ad-driven media platform to use it. The token utility is not fixed to Spectiv. This also gives written, video-based, audio-based or mixed content creators the option to use the SIG protocol and generate rewards. The protocol can support and integrate a variety of mechanisms that monitor attention data.
The company itself will be one of the first adopters of the protocol: “Spectiv will act as the first adopter for this protocol, generating real-world application data to support future adoption by other media platforms.”
Spectiv VR ICO Details
The SIG tokens will be publicly sold via crowdsale, starting December 8th, 2017 at 2:00 pm (GMT -5) and run until December 29th, 2017. Signups are now available on the Spectiv website, participants will be required to generate an Ethereum address.
The number of sold SIG will determine the number of tokens to be created, but the crowdsale is capped at US$40MM at a maximum of 45,000 ETH. The sale will end instantly of the maximum cap is reached.
You can buy one SIG for a fixed price of $0.50 each, but crowdsale participants have to option to purchase SIGs at a discounted price based on the time they bought it. Bonus opportunities come in 4 levels (see details below). The earlier the purchase, the bigger the bonus.
Find below the detailed numbers of bonus levels and token distribution:
- Use of proceed
- 60% Crowdsale
- 40% Company reserves – 20% platform reserve, 13% management and team options, 4% adviser/Escrow options, 3% bounties and rewards
- 40% Token/Platform distribution
- 15% Marketing and Sales
- 15% Content Licenses
- 10% Payouts for contributors
- 8% Equipment
- 7% General and administration
- 5% Legal fees
- Level 1: $0 – $2,000,000 Raised = 40% Bonus
- Level 2: $2,000,000 – $10,000,000 Raised = 25% Bonus
- Level 3: $10,000,000 – $25,000,000 Raised = 15% Bonus
- Level 4: $25,000,000 – $40,000,000 Raised = 0% Bonus
Spectiv VR Conclusion
Spectivs SIG tokens are an interesting initiative, both for media advertisers and VR content creators. This is definitely worth keeping an eye on, but only time will tell if the company can achieve the maximum sale of all tokens.