The Rbit Token is used by RHOVIT providers and advertisers to incentivize users to watch and share their content. Rbits also provide the backbone for RHOVIT’S circular economy by “valuing” users transactions on the site and using those transactions to mine Rbits. The mined Rbits are then distributed out to the content provider community and used as backing to distribute RHOVIT’S in-house currency, “Coins” to the user community so they can purchase more content.
STO/ICO Status
Claim this listing and publish updates.
Basics
| Platform | Ethereum |
|---|---|
| Type | N/A |
| Accepting | ETH |
| Circulating Supply | 35% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
About
RHOVIT was created in 2012 by filmmakers who wanted to fix the system. Not just for film, but music, books, games...for all creators. The idea was to give artists all the power of a major platform but the freedom and profit of their own site. It was a better system but it wasn’t complete. In 2014 we sidelined the project. So why are we bringing it back now? Because of technology like Ethereum and the ability to complete what we started.The problem with content monetization is not singular. High platform fees, transaction fees, middlemen, skipped ads, ad blockers, low cpms, piracy, audience reach, expectations of free...it is all of these. Blockchain and the creation of a token by themselves are not a cure all. But when used as the backbone and fuel of a fully realized circular system that feeds and regenerates itself, they are the technology that will disrupt an entire industry.RHOVIT has used them by creating a value layer where there was none. Imagine if all the actions a User took on a platform...renting a movie, reading a book, watching an ad...were drops of water. Now imagine all those drops collected in a trough. Right now on platforms that water sits until it evaporates into nothing. RHOVIT dumps it over a water wheel, powering an engine that creates value for Users and Providers in the form of Rbit Tokens. It is the creation of value from waste that is the key to solving the writers problem and the problems faced by millions of other content creators big and small. RHOVIT is an earn and spend circular economy that creates and spreads value to it’s entire community.
