DECENT, a new Blockchain-fueled peer-to-peer content distribution platform, has received more than USD$3.5 million in investment since its Initial Coin Offering (ICO) went live on September 11. Powered by Distributed Ledger Technology technology, DECENT is designed to remove third party manipulation, protect user privacy and prevent content piracy. The revolutionary network benefits the storage, publishing, and distribution of digital files like movies, photos, music, blogs and articles. The Swiss-based startup has so far raised more than $3.5 million USD worth of its digital currency, called DCT, during an ICO that concludes on November 6.
They expect investment to accelerate more having recently integrated the ability to participate in the ICO using fiat currency direct – with a number of services including Cashila, Paybis or ANOON (Paypal) which provide the means of fast and precise currency exchange that can be used in participation with DECENT ICO.
Co-founder of DECENT Matej Boda said:
“We are thrilled that so many people around the world are seeing such value in our platform because the content distribution industry has been encumbered with catastrophic problems for years. In particular, maintaining and policing Digital Rights Management and Intellectual Property has become extremely difficult, even as access to content has become easier. Our technology makes it possible to track and secure each piece of content on the network from the moment it is created and uploaded, because it is timestamped and immutable. We can effectively eliminate piracy and at the same time, maintain user privacy through data encryption.”
DECENT, which plans to launch in the first half of 2017, will allow users and media creators to publish content on the platform for a small DCT fee while enjoying 100% of the revenue.
“Unlike Amazon, Shutterstock, and iTunes, who share almost a third or more of revenue on works hosted on their platforms, we aim to free media creators from middlemen and manipulation by sharing and selling content at almost zero cost, but with maximum reward,” said Boda.
DECENT also differs from Torrent streaming sites for two reasons: firstly, copyright infringement is nullified by the content owner’s willingness and permission to upload the work, and secondly, seeders are rewarded in DCT for providing computational power to distribute networked content.
“Our technology is based on Proof of Custody, a concept where the seeder, or data storage server, proves that he is in possession of a given data. Due to the nature of DECENT Blockchain technology, the proof must be verifiable by the miners, who don’t actually see the data due to encryption, but provide the server power and therefore contribute to the efficiency of the network,” added Boda.
Backers of the DECENT ICO will be issued with DCT tokens at its close. DCT distributed in the ICO will be 70% of the total DCT volume, with the other 30% dedicated to mining rewards. Public investors can use Bitcoin or fiat as payment options to join the DECENT ICO.
- Token Taxonomy Workshop – - January 24, 2020
- Deloitte Bullish on Libra Project in New Report - January 22, 2020
- Busted: SEC Charges Blockchain Marketplace Founder Sergii “Sergey” Grybniak for Fraudulent ICO 2017 - January 22, 2020
- DC Blockchain Advocacy Group US Chamber of Digital Commerce Supports Telegram Vs. SEC Case - January 22, 2020
- BIS Forms New Central Bank Think Tank to Assess National Cryptocurrencies - January 22, 2020
- Bank of England Pondering National Cryptocurrency - January 22, 2020
- Infamous Online Gaming Community Clanbase to Relaunch With Blockchain Technology in 2021 - January 21, 2020
- Chainalysis: 2019 Saw More Cryptocurrency Hacks – Total Amount Stolen From Exchanges Dropped To $283 Million - January 21, 2020
- J. Christopher Giancarlo, former Chairman of the US Commodity Futures Trading Commission - January 21, 2020
- Ethereum Classic Labs Donates $1 Million to UNICEF Innovation Ventures - January 20, 2020
- Busted: SEC and U.S. Attorney’s Office for the District of New Jersey Files Lawsuits Against Fraudulent ICO that raised $30 million - January 17, 2020
- Kenya Issues Second ICO Warning After Investors Lose €24+ Million Euro - January 17, 2020
- Neufund Wraps Tokenised Equity Crowdfunding Series B with Greyp Bikes raising €1.4m EUR - January 17, 2020
- U.S. Lawmakers Pondering “Crypto-Currency Act of 2020” - January 17, 2020
- New Blockchain-based Visa Token Service Set To Launch in 2020 – Set to Reach $1 Trillion - January 17, 2020
- Germany’s New Shore Invest Launches STO Ship Financing Platform – Tokenised Fractional Ownership - January 16, 2020
- Open Source Luminary Marc Fleury Enters Crypto Arena with Announcement of New Crypto Asset Class and Continuous Token Offering Sale - January 16, 2020
- UN Warns Public Not To Attend North Korea Blockchain and Cryptocurrency Conference 2020 - January 16, 2020
- Fiat-to-Crypto Gateway Solution, Banxa, Raises $2 Million USD Series A Round Led By NGC Ventures - January 15, 2020
- United Africa Blockchain Association Plans to Fire Up Blockchain Adoption - January 14, 2020