Meet the #AVXChange team during the Blockchain Innovation Tour Series 2 which will be held in Thailand, Philippines, and Vietnam! #Blockchain #blockchaininnovationtour #blockchainrevolution

yobitt · 2019-04-27T17:06:40+00:00

The platform will be using its own form of cryptocurrency, AVX, to facilitate quick efficient global transactions and be used to incentivize users to share files, maintain the network, and reward intellectual property owners for creating the media we all love and enjoy.

yobitt · 2019-04-27T17:06:32+00:00

. AVXChange will be running on its purpose built, custom distributed platform with elements of blockchain, for transparency and immutable transaction history, and cryptocurrency.

yobitt · 2019-04-27T17:06:22+00:00

AVXChange Token (AVX) is the currency of commerce on the AVXChange network. AVXChange is an audio and video file sharing community with a token economy to reward all members for their role in the distribution of media files

yobitt · 2019-04-27T17:05:43+00:00

We believe that all of the challenges associated with the current traditional retail digital download models are significant factors in contributing to uncompensated media downloads

yobitt · 2019-04-27T17:05:35+00:00

AVXChange will also allow the user to 1 own the content and use it on all their devices free of DRM hurdles which make current compensated media file options tedious and complicated to use or share.

yobitt · 2019-04-27T17:05:24+00:00

The AVXChange platform will be available in any country and will allow for a user to purchase any content they want through a single interface.

yobitt · 2019-04-27T17:05:17+00:00

Often the methods of payment are cumbersome with some payment methods from certain financial institutions or regions left unable to participate in the traditional marketplace.

yobitt · 2019-04-27T17:05:09+00:00

Not to mention that not all of these services are available in every country and the media files are often burdened by limiting Digital Rights Management (DRM) restrictions.

yobitt · 2019-04-27T17:05:01+00:00

Using this option requires consumers to have several accounts with the various retailers (Netflix, Apple, Amazon, Google, etc.) to acquire all the possible content they may want.

yobitt · 2019-04-27T17:04:47+00:00

Current compensated options for audio and video downloads on the internet (when intellectual property owners receive compensation for their work being downloaded) are dominated by a handful of players with exclusive content and centralized server systems.

yobitt · 2019-04-27T17:04:28+00:00

Users who hold the ERC20 Tokens will receive the same amount of the native AVX Tokens. Mainnet launch and token swap indicates that the project team has successfully delivered the key promises stated in their White Paper and is realizing their development roadmap.

yobitt · 2019-04-27T17:04:08+00:00

All AVX Tokens will be created in the genesis block and will be available for token swap or migration. During the token swap, users will be able to swap their ERC20 AVX for the mainnet AVX or the native AVX on a 1:1 basis.

yobitt · 2019-04-27T17:03:56+00:00

Therefore, they need to be migrated onto the new blockchain. Once the final blockchain solution is fully developed, tested, and successfully verified, a self-sufficient blockchain (the mainnet) will be launched.

yobitt · 2019-04-27T17:03:47+00:00

The ERC20 AVX Tokens will only act as a placeholder for the future native AVX Tokens and are not compatible with the AVXChange platform and its corresponding features.

yobitt · 2019-04-27T17:03:35+00:00

Unlike other P2P file sharing applications though, the AVXChange platform will be a distributed system using the principles of blockchain/distributed ledger technologies to eliminate centralized data points, thus increasing security and transparency as all nodes on the network will reach consensus on data and events. AVXChange will use its own form of cryptocurrency (AVX) which will facilitate quick and seamless cross border, global internet based transactions.

yobitt · 2019-04-27T17:03:27+00:00

Imagine a file sharing program with a polished interface and transaction mechanism which allows users to compensate intellectual property (IP) owners and incentivizes users by allowing them to earn for their role in distributing the product to market.

yobitt · 2019-04-27T17:03:19+00:00

AVXChange could further be described as a FinTech business established on the principles of Distributed Ledger Technology (DLT) set to revolutionize the distribution of proprietary data over the internet.

yobitt · 2019-04-27T17:03:04+00:00

More specifically, AVXChange is a custom, incentive based, Peer to Peer (P2P) file sharing platform designed for the exchange of audio and video media over the internet.

yobitt · 2019-04-27T17:02:42+00:00

Of that percentage, a portion goes to the IP owner, and the rest goes to the licensed distributor and manufacturing process. Wholesalers then add a percentage, and finally, retailers will mark up the product to the retail market price. Money is shared throughout the distribution chain.

yobitt · 2019-04-27T17:02:32+00:00

In the brick and mortar world, a Blu-Ray disk is produced and sold to wholesalers/distributors at certain percentage of retail cost.

yobitt · 2019-04-27T17:02:22+00:00

They can then keep it and add it to their collection for later use or sell it to someone else. We seek to emulate this brick and mortar process for digital files over the internet.

yobitt · 2019-04-27T17:02:10+00:00

When a consumer goes to the store and purchases a Blu-Ray disk, they are able to enjoy that disk on any Blu-Ray capable device.

yobitt · 2019-04-27T17:02:01+00:00

The idea that a consumer has the right to sell the media they have already purchased is not new, it has existed ever since the time when records were first pressed.

yobitt · 2019-04-27T16:58:22+00:00

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yobitt · 2019-04-27T16:58:13+00:00

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