Review on JBOX by gregori cordova
a project that intends to enter a very competitive market, offering extra features
Currently there are a series of projects in blockchain technology, which seek to minimize the hegemony of streaming platforms such as YouTube, which do not offer any type of rewards to viewers, and force us to see hundreds of annoying ads every day. Some of those platforms that seek to be an alternative are LBRy, or Costv, but recently there is another very interesting project that I am going to talk to you about today. This project is called Jbox and it promises to be a video streaming platform based on blockchain technology, where users not only enjoy watching and creating content, but are also rewarded for it by means of a novel mining process called test load and test. of sight. With Jbox, both content creators and viewers will receive rewards in the platform's native token called Jboxcoin, which is an erc-20 token from the ethereum network and has a total supply in the market of 200 million tokens but which may increase due to its original prof of wath and proff of upload mining processes.
One of its most ambitious characteristics is that they intend to differentiate themselves from other similar platforms, by having the plan to soon introduce a decoder called Jbox-decoder, which will integrate a powerful graphics processing unit to mine the cryptocurrency more efficiently, in a system similar to amazon or Roku devices, which will have an approximate value of $ 50 and will also have all the popular streaming applications such as youtube, hulu or prime video.
The project as such, aims to create a huge marketing campaign, in which to publicize all the functionalities that they intend to create, ranging from a streaming platform, to investment plans with very tentative interests, but they still have a long way to go, since the current market there are many projects of this type, with the same objective but that have not had the success that was expected at first.
Pros
- Allows the viewer to earn JBX tokens for every 20 seconds spent on the platform, which automatically go to a wallet integrated into JBOX
- The team behind this project are a series of experts in software development and cyber security with great experience in blockchain technology.
- It represents a very simple way to earn cryptocurrencies while enjoying your favorite videos
- The cryptocurrency is already listed in a few exchanges
- They plan to create their own Exchange integrated into the platform, in which they can exchange JBX for bitcoin and other cryptocurrencies or fiat money.
- They will have a bounty program called hedge funds, in which users can stake the Jbox token and in a period of time be rewarded with a percentage of tokens.
- The page will also have certain investment programs, both in education and tourism, in which users can earn very tentative interest after a certain period of time.
- their most ambitious plan for the future is to create a device that will function as a decoder with an integrated mining processor.
Cons
- It is not yet listed on the most popular and reliable exchanges on the market
- It is not clear when the streaming platform will go live
- Because it plans to integrate many functionalities in a single platform, they generate some skepticism in the market.
- It is a very little known project, and it is far below in the ranking in coinmarketcap and coingecko
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Comments (1)
September 17, 2020
Excellent review Gregory. The truth seems to me to be a good decentralized video transmission project and I think that if it is given a little more development it could perhaps become a Cryptocurrency Netflix although this would already be like a dream on my part. Also like you said, it reminds me of LBRY and Youtube.
