(YourDigitalWall Editorial):- Bengaluru, Nov 3, 2019 (Issuewire.com) – MYFIE – Best Startup to Invest in November 2019
The MyFie Project is an ambitious initiative to create a BlockChain based Platform to Monetize the Creative Output of Every Individual – the Ubiquitous Selfie. One of the main aims of the project is to creatively engage Individuals to click unique selfies and to reward them for sharing it! This is what millions of people in the world are already doing now, but without getting rewarded for it. MYFIE will change this soon with a BlockChain Project based on a Proof of Created Content Consensus Algorithm.
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Quality Digital Content is difficult to create and more difficult to acquire. Hence original, user-created content demands premium digital content monetizing platforms! User created content’s phenomenal rise in popularity and exceptional financial feasibility is validated by the spectacular success of Google’s Youtube, Facebook, and Instagram. Youtube, the biggest User Created Content giant, earned 12.4 billion USD in ad revenues in 2017 for Alphabet Inc (Google) and is estimated to touch 24.7 Billion USD in 2020, Instagram’s estimated revenue for 2019 is 14 Billion USD and Facebook’s 18 billion USD! None of this is shared with the users who created the content in the first place! We propose to change this and make an honest attempt to reward the content creator on a one to one basis.
In what way will the MYFIE project be different from Youtube, Facebook, and Instagram?
The main difference is in the way in which the revenue is shared with the content creators and the way block chain technology will be used to share the earned revenue in a fair and transparent manner. Google has its favorites and is arbitrary in the way it shares the revenue with its publishers. When compared to the amount of money it makes, the money handed out to its publishers is a pittance. There are several uploaders and Youtubers who never get paid a single cent and yet Google makes money out of the posts of all uploads. It is the same with Facebook. On Instagram, the only way to make money is through Affiliate Marketing and Sponsored Content which is only for the experts and the experienced and not for the common man!
Unlike the aforementioned other projects, MYFIE will reward every single user who uploads his or her selfie using the MYFIE APP to the MYFIE Website by issuing MYFIE Tokens. The process of monetizing your selfie using the MYFIE project is this. Install the MYFIE APP on your phone. Register by logging in with IMEI Number and ETH Address. Edit selfie to standard MYFIE size with APP.. Upload selfie through the APP. Wait for content moderation and approval. Note the displayed amount of MYFIE mined on the APP after uploaded selfie is accepted. When critical minting level is reached after multiple selfies are uploaded, the mined amount of MYFIE by way of proof of created content will be minted and remitted to the ETH Address used for logging in.
Public Sale Details:
Myfie Tokens are aggressively priced at just 0.0038 USD for Session One on 6 Nov 2019 on Vindax LaunchPad and a price of 0.0042 for the second session on 8 Nov 2019 with a target to raise 2.32 Million USD. Being a free APP that is already on Google Play, widespread acceptance by users across different geographical locations is imminent once the promotional activities are initiated. Good ROI in the medium term is expected.
This Press Release was originally published by IssueWire. Read the original article here.
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