The On.Live Platform: ICO Breakdown
On.Live is one of the most daring ICO innovators out there; the company is looking to fuse with a single platform online consultations and content broadcasting using the decentralized features of Blockchain technology. Their intention is to establish a direct P2P connection between content creators and the users looking for the knowledge they can offer. The ONL Tokens are handling the financial transactions inside the ecosystem. The digital currency has been designed to cover the fees for digital content and the transcoding services available on the platform. It’s being built as an ERC20 token in the Ethereum blockchain network and it can be traded freely using any exchange service.
The details of the ONL utility token
The ONL utility token is not only the means the get the access to the high-quality content created on the platform, it’s also mean to finance the operation and to advance in further development inside the On.Live ecosystem. The ONL will have a maximum supply of 111 million units. 12 million tokens will be offered in the Pre-ICO sell planned for January of 2018 and it will last until February of the same year. The initial investors will have a benefit of 30% discount. The main ICO sale will star in March of 2018. 61 million units of ONL will be offered in this sale with different stages of benefits according to the time of the investment. The sale will end on May of 2018 when all tokens sold will be transferred to investors.
The goals of On.Live and the token allocation
On.Live has lofty goals to achieve, so they have set their hard capo at 14,000 ETH at the pre ICO sale to consider it successful and at 100,000 ETH for the main sale. As always all the unsold token s will be disposed of and burnt by the developing team, so there will be no reissuing of it. The token allocation so far is being distributed as it follows: 55% will be offered on the public sale, 11% will be sold in the Pre ICO event. Another 11% will be safeguarded on ONL wallets. 11% will be kept by the founding team. 6% will be destined for bounty marketing, 5% will be used for advertising and 1% will be allocated for legal insurance.
The distribution of earnings for the ONL token and their long term plan
The proceeds of the ONL ICO sell are a different history. Since the platform success depends entirely of the users that sign up to it, the company has a plan to scale development of their features in markets that prove to be reliable. Marketing metrics such as Monthly Recurring Revenue (MRR) and Cost of Customer Acquisition (CCA) will offer a better insight of the markets where ongoing development is needed. The financing for this expansion starts by allocating 8% of the budget to marketing team along 19% for ads creation and an additional 9% for backup costs. A loyalty program will be designed using 11% of the earnings. The costs of the support team will take 6%, the developing team will take the biggest cut at 31%, and administrative costs will take the remaining 13% all of this will be completely auditable of course.
To learn more about the plan of On.Live to offer specialized content you can check https://on.live/ and get the complete rundown of their plan to offer everyone a chance to earn money doing what they do best in their area of expertise.
On.Live this is one of those projects for which I watch. Judging by the services they provide - a direct link between users who are looking for the necessary knowledge and creators of interesting content. This may well become a popular platform, since in our time - time and knowledge are the 2 most valuable resources. And thanks to On.Live and the service of establishing a direct link - users gain an advantage and save time by gaining knowledge.
Will this project be popular? I think yes, primarily because of the services provided and the technology of the block chain. In addition, everyone has the opportunity to take advantage of the chance and buy tokens with benefits for themselves. By purchasing tokens you gain access to platform capabilities and at the same time invest.
I like the marketing indicators and future plans and strategies that the creators are striving for. This is definitely one of the successful projects launched this year.
@danizaharie,I've heard before about The On.Live Platform. This is a very decentralized company based ICO project. You have nicely explained what about on.live and what's a opportunities giving to them their direct investors. Any details indeed. The customer pays only for the services they receive. The platform uses a blockchain for selling services, controlling transactions and cryptocurrency settlements.The network provides a blockchain token and smart contract service which supports a video streaming protocol. This platform created ONL token and they have long-term planing to distribute. ONL transactions are free on the On.Live network where they are the only payment method used for broadcasts and trans-coding services. in the future these will be made possible on a one-to-one basis without involving the On.Live platform. In fact I think they find their goals and nearly reach definitely. Thank you for giving valuable blockchain details.
This platform creates a large blockchain system that aids the service sales via live broadcasts as well as place for live stream contents to be sold at an affordable price to a broader audience.
I'm not the first time I read about such a pioneering company On.Live. It is a decentralized company that has come up with a revolutionary solution to many problems by creating a direct connection between the user and the content creator. This primarily saves a lot of time both.
Today we are talking about company tokens that are used for internal development and access to high-quality material within the platform. The acquisition of tokens will give you the opportunity to become one of those people who have believed in the success of the platform, to become a full-fledged investor.
The basic sale of tokens will begin in March and will end in May. All the tokens sold will be transferred to investors.
The success of the platform is directly dependent on users. Therefore, the more you believe in the platform, visit it, use undoubtedly useful services - so you help the platform to grow and develop. Looking at the opportunities that prdostavlyaet On.Live. I can say with confidence that this is a successful project.
Thank you
I hope on.live will be reached in their goals . Content creators also will profit from on.live earning ONL tokens. Actually i didnt know about on.live before reading your post. So specially thankyou very much for sharing this post with us. I think everybody should know about on.live . Specially every steemians should know about it. Because they can get another way to earn money like steemit. So this post resteemed by @jareen61. And I also followed you to get your next post. Again Yes, I want to join in on.live. If I face any problem to join in it. I hope you will help me. Again thank you so much for sharing this post.
They have done pretty much homework for success they want to achieve. As you have elaborated I think they have very fair chances of getting a good response.
The genie of blockchain technology and decentralized economy is out of the bottle and we are going to witness a big change in the views, values and way of life.
The smarter will remain in the race of new revolution. #On.live platform is going to start on strong footing for very fair type of shares for everyone involved.
I really appreciate your vision @danizaharie. You always come up with some interesting facts and information with your wonderful analysis.
Thank you @cheema1
This will be difficult to have the capacity to anticipate the result of the market. In any case, one thing am kinda of beyond any doubt is that they wont put a prohibition on cryptographic money. There will be bunches of endeavors at concentrated directions however the particular administrative rules is the thing that I can't state
They say a week in the cryptocurrency world is 1 year , things are so rapidly changing and everyone comes up with new ideas.
We are hoping to find the Google or Apple of cryptocurrencies.
I think we are, it is called Steemit hehe.
Definetely we have some time to read about this ICO, thank you for the news!
111 million units, 12 million tokens already offered in the Pre-ICO in January.. On.live is going to be a hit. This is something creative in the blockchain. I now feel there is a variety of stuff to do in blockchain.
Let me check it out.. I need to get myself some tokens from the 55% offered to the public.
This is going to be tough to be able to predict the outcome of the market. But one thing am kinda of sure is that they wont put a ban on cryptocurrency. There's going to be lots of attempts at centralized regulations but the specific regulatory guidelines is what I can't say...
So lets hope for the best while hodling on.