Review on JBOX by Stephen Toluwani
The future of our Entertainment industry, Yet rewarding
The Jbox is a Decentralized blockchain platform initiated in January 2016 which is focused on the entertainment industry as a rewarding video streaming site for it's users.
The platform supports it's very own ERC-20 compliant token called the JBOX token which has been around since February 2017 with an Initial Coin Offering on November the 8th of the same year which turned out successful. The JBOX coin is what is used in rewarding the users of the platform for their activities. The coin is mined through a process called Proof of Watch for the viewers where they earn 1Jcent for every 20 seconds content viewed and Proof of Upload for it's content creators for every one view on their personalized contents uploaded worth 1Jcent also. Its coin is currently traded on 2 exchanges with 4 different
Jbox intention to offer entertainment and rewards inclusive is the selling point of its platform as it plans to enter the mainstream media market as a host for other popular streaming apps such as Netflix, Hulu, DSTV and showmax among a host of others thereby giving it's users a double dose of entertainment and
It's future plans to create a Decoder and Droidstick should place it in the forefront as it plans to release the products through a sale amount of $50 paid through it's token; Jbox coin which should drive demand for the token bullish
The Jbox platform also has plans to integrate other services to it's entertainment center such as free internet service,free E-commerce hosting, sale of assets and automobiles using it's token as a payment
The platform has a lot of plans which makes it visible for long-term investment
So far what the platform needs is more advertisements as many people are yet to harness the power of this platform
Pros
- It is a minable cryptocurrency supported on the ethereum blockchain through Proof of Watch and Proof of Upload
- Offer's rewards for both video creators and viewers which is unlike many other platforms like YouTube
- It offers leisure and rewards to it's users through an algorithm for the two parties
- It targets people in Developing nations especially those of the African continent
- It's native currency the JBOX token is listed on two exchanges
- The JBOX token is hosted on Ethereum Blockchain which is widely supported on many ERC-20 supporting wallets
- The JBOX platform doesn't just wants to end in the entertainment industry but also have future plans to integrate other services with it's platform such as free internet service and free E-commerce hosting among a host of others
Cons
- It was once labeled a scam platform after it's ICO in November 8th 2017
- Even though it plans to be a crypto centered entertainment platform, it's still not popular to a large populace
