Contentos is a public blockchain project developed to solve the problem of content platforms’ centralization, poor property rights protection and unfair rewards for content creators. Contentos aims to develop a content ecosystem that does not depend on advertising for revenue placing the interest of users first. Its mainnet was launched in September 2019 followed by the official opening of COS.TV, a video platform on Contentos public blockchain where creators are not pressured by advertisers’ approval and the collaboration of creators with advertisers, fans and other creators is possible.
Since Contentos is a decentralized platform it has no black box policy as all the information is shared with the community. The payment channels are open and transparent. In this environment, all participants who demonstrate positive behavior get rewards for all forms of contribution: content creation and distribution, storage, upvoting, sharing, commenting or advertising.
The project also provides GiftinVote donations for fans that admire creators’ works. Those who want to have more power in the Contentos ecosystem must have VEST, a form of staked COS, which makes upvoting more valuable and enables users to vote for block producers getting up to 116% annualized ROI. To be able to convert COS to VEST and vice versa users must have a Contentos wallet.
Another way of earning COS coins is COS.TV Goldmine that gives its parties the opportunity to earn a 10% interest in 2 weeks without any risk. Contentos swap utility allows swapping between ERC-20 COS, native COS, and BEP2 COS.
To protect authors’ rights, the copyright registration feature was implemented into the system. Besides, all member’s contributions are recorded on the chain.
The Contentos Token
The native token powering the Contentos ecosystem is COS. It is a utility token initially based on the Ethereum protocol. The private token sale was held from March to June 2018, helping the tea raise over 31 million USD.
30% of tokens were distributed among investors and advisors. The rest of COS were distributed in the following way: the founding team holds 15%, 10% went to foundation reserves and 5% are spent on the community’s cooperative activities. 40% of tokens meant for operations and user rewards do not participate in circulation in the early stage but are spread out as ecological rewards to content creators and miners. They will be gradually released during 12 years. A new block is produced every 3 seconds initiating the release of reward tokens.
The team is planning to issue 10 billion COS tokens in total. After joining Binance Chain ecosystem in March 2019, COS token circulates in BEP2 format as well. After the mainnet launch, BEP2 and ERC-20 COS holders have the possibility to swap them to the native COS token at a 1:1 exchange rate.
The COS token has different utility functions. First, it is used to reward parties for streaming, uploading, liking or commenting. The earnings depend on the quality of videos, number of likes and views. COS smart contracts facilitate payments for services and profit sharing within the network. Moreover, they allow users to pay creators directly through subscriptions or donations providing direct value exchange. One more function of the COS token is content selling. For example, music creators may propose soundtracks for purchase and use by video producers.
Contentos team and partners
Contentos is a nonprofit organization from Singapore founded in 2018. Its team considers every piece of content valuable, so they aim to preserve every single one with the help of blockchain technology. At the time of writing, the project’s website lists 5 members and 4 advisors who have skills and experience in the content industry, blockchain technology, and Software Engineering.
Mick (Chang-Chieh) Tsai is the CEO and co-founder of Contento’s foundation with over 15 years of working experience as Product Director in such companies as LiveMe, Cheetah Mobile, Data Enlighten Co, Trend Micro.
Zac Nien, Vice President of Product, whose enthusiasm extends from software engineering to product design, is a former Sr. Engineer at Trend Micro and Sr. Product Manager at Cheetah Mobile.
Other team members include Andrew Xu (Senior Director of Business Development), Ava Wen (Vice President of Marketing with a lot of experience in the digital content & entertainment industry), and Peter Wei (Vice President of Engineering with 13 years of software developing experience).
Among the strategic partners that Contentos has gained so far are Cheetah Mobile (a Chinese mobile Internet company and mobile apps creator), Binance, PhotoGrid, LiveMe (a broadcasting platform in the USA), TomoChain (a scalable blockchain), Bithumb exchange, Kamoney (a platform for crypto payments in Brazil), Trust Wallet and Atomic Wallet. Binance Labs, IDG Capital and Matrix Partners are among the investors.