MyTvChain AMA Recap
CryptoDiffer team
We are glad to meet here
Corneliu Fridgant (@corneliu06), Founder and Main Investor of MyTVChain
François Le Page (@fplepage), CEO at MyTVChain
Romuald Boutalt (@Matchess65), Partner of MyTVChain
François Le Page
CEO
I am the co-founder and CTO of eSignus. I am in charge of the development of the HASHWallet, both on the hardware side but also helping to focus on the App that will be the interface with the hard wallet. We developed our first device aiming to safely managing funds before the blockchain.
We joined in a previous project some years ago.
Developing a smart card for banks, that is the origin of HASHWallet.
Corneliu Fridgant
Founder
I’m Corneliu FRIDGANT co-funder and main investor
Romuald Boutault
Partner
Hello, I am Romuald Boutault (Matchess65), a BLOCKCHAIN consultant for MyTVchain.
I have more than 4 years experience in developing and leveraging blockchains.
My passion is CRYPTO and I buy, sell, exchange, mine, secure, trade crypto since 4 years now.
My key expertise is Proof-of-Services technology (also called Masternodes)!
CryptoDiffer team
Q2: Can you briefly describe what is MyTVchain in 3-5 sentences? What technology stands behind MyTVchain and why it’s better than the existing one?
François Le Page
CEO
MyTVchain is the first web TV platform dedicated to sports clubs and athletes powered by blockchain technology. MyTVchain allows sports clubs to create their web TV and animate their communities (fans, supporters, friends and families) while generating revenues to develop their activities. Users also earn MyTV tokens while sharing their personal storage capacity and bandwidth.
We offer a complete ecosystem for sport clubs which does not exist today (as opposed to YouTube for example which just offers video channels)
CryptoDiffer team
Q3: What are the major milestones MyTVchain has achieved so far?
François Le Page
CEO
here are they:
2017: pilot phase for the platform
Sept 2018: MyTVchain Inception in France
Oct 2018: platform opened and went live : www.mytvchain.com
July 2019: signed partnership with French Olympic Committee for official web TV “Sport in France”
Oct 2019: launched video campaign on Fox Sport Asia
Dec 2019: reached 33 000 users, 160 sports clubs and 1M monthly visits
Feb 2020: reached 1,5M monthly visits and launched PRE-IEO
Cryptodiffer Community
Q. Are investors your company’s shareholders or will they get tokens? What is the total amount they have invested?
Corneliu Fridgant
Founder
The both
Cryptodiffer Community
Q. How can users earn MyTV tokens?Will you pay to watch sports or advertise?
Q. Will payment for access to private channels be exclusive with MYTV tokens or other forms of payment will be deployed on Mytvchain.com?
Corneliu Fridgant
Founder
Yes but not only. They can donnate to the clubs or athlets, they can buy tickets,…
Cryptodiffer Community
Being the first blockchain platform to come up with the idea of providing a free private web TV for every sports clubs is incredible and amazing. However, operating a TV channel often comes with alot of challenges, some of the challenges includes getting viewers to connect their televisions in the first place, standards and partnerships (more clubs registered). If these challenges are not addressed, the true potential of the TV channel won’t be realized and this would constitute a major barrier to mainstream adoption. How does MyTVchain plan to tackle these three key challenges on it TV channel so that it won’t presents a real barrier for it progress and application development?
François Le Page
CEO
Our main Founder & Investor is coming from its 40 years of building TV channels around the globe. One the one hand we engage sports clubs through national partnerships (ex/ French Olympic Committee gives us access to 107 national sports federations representing millions of clubs per country), also we engage in marketing campaign such as Fox Sport TV in Asia during 3 months for our latest video story. On the other hand,we deliver simple and efficient tools for sports clubs such as dedicated app to help them film their event and stream live events simply.
Cryptodiffer Community
What effect does MYTV token have on the MytvChain ecosystem? Holding MYTV, what benefits will users receive ?
Corneliu Fridgant
Founder
If you use the option stacking you’ll recieve 21.8 % per year. If you use the option masternoes till 109% per year
Cryptodiffer Community
How mytvchain is better compared to netflix amazon and other similar centralized projects?
How Does mytvchain work?
François Le Page
CEO
We offer a complete ecosystem for sports clubs, including web TV but dedicated apps for filming, incentive mechanism for fans and supporters so completly different from Netflix and others
Cryptodiffer Community
Why are you looking for funding since you are having so many clients , customers , investors and working product too ?
Corneliu Fridgant
Founder
Because we must develope all over the world
Cryptodiffer Community
#MyTv is WEB PLATFORM TV FOR SPORTS CLUB. What is the #Mytv token used for? And where can I get / buy #Mytv?
François Le Page
CEO
Best is to read the WP and light paper if you do have enough time at www.mytvchain.io, token is used to incentivize the community and reward those who are storing the videos and sharing their bandwidth
Cryptodiffer Community
MTV chain allows sports clubs to gain their own TV chain and their own token at which fans can contribute to the club through donations with the token
Q1: Doesn’t each coin have to go through regulations in order to be approved based on the country that is based that sports club? If not, then how does MTVchain team solve the issue of regulations/licensing?
Q2: The industry that MTVchain is full of regulations, have MTVchain gone through regulations as of now?
François Le Page
CEO
We are a utility token so we do not need tocomply with regulations, in addition as we are a French company, all our users are submitted to French law
Cryptodiffer Community
What’s the business models can MyTVchain technology apply? Are your customers businesses or government organizations?
François Le Page
CEO
Our customers are Sports clubs and Fans and supporters, then private organizations for advertising
Cryptodiffer Community
How do you want to assure as the the revenue/funds that would be generated during the pre-IEO won’t be diverted for other purposes because we’ve seen a lot in the past?
François Le Page
CEO
We are a French based company and must comply with law, in addition our team is made of French Foreign trade advisors and Expert for the E.U, so we do not need to say that if we do any wrong thing we shall go to jail straight away
Cryptodiffer Community
How do the legal bases work in your Web TV service? Are all content on the platform protected by copyright? What procedures do you follow in case of unauthorized use and distribution by others?
How does the Mytvchain platform support sports clubs and sports platforms? How many different ways are income generated?
Corneliu Fridgant
Founder
The content belongs to the clubs, oposite of youtube.
Cryptodiffer Community
Q1 = As MYTVChin uses Hybrid proof of stake Consensus algorithm for its platform / project ! But, can you explain why ? Whats the main reason behind choosing Hybrid PoS instead of any other consensus?
Q2 = As i see currently, Pre-IEO is Live ! So, can you share some unique & Attractive Features of MyTVChain project that attracts me or investors for invest in MyTVChain?
Romuald Boutault
Partner
Hello, good questions!
Q1) Hybrid PoS?
First, the “Hybrid PoS” means that 1st “Proff-of-Stake” to rewared you if you stka the MYTV tokens, 2nd “Proof-of-Service” to recognize you if you participate by enabling some Masternodes (as these masternodes will replace the exisitng expensive infrastructure.
MyTV Tokens are an Ethereum cryptocurrency (see Etherscan), so no need for consensus mechanism (PoW/PoS)
Q2) Unique & Attractive Features
– PRIVATE TV CHANNEL : Sport clubs can have their private TV channel and stil own the content
– PROOF-OF-SERVICE : Masternodes will replace the exisitng expensive infrastructure
– SATISFACTION GUARANTEED : At request before Mar27, 2020, the COLLATERAL of all your MASTERNODES are fully reimbursed (100% money back with same currency)
Cryptodiffer Community
Can you tell about the main utilities of MyTV tokens? Why should anyone invest in MyTV token?
Can you tell us the reason of MyTVchain to choose sport sector?
François Le Page
CEO
all answers are in the light-paper, please connect to www.mytvchain.io
Cryptodiffer Community
Why MyTVChain just Incorporated with Sports Club? Why not with other things like Short Films & More? When it comes to financing the sports club, What do you mean in general?
François Le Page
CEO
Sport is a universal topic which is of the interest of everyone that’s explains why we started by sports. For the US citizen, this comes from the fact that as a foreign company, if you accept payment from US citizen, you are falling into US law and compliance..
Cryptodiffer Community
There are many projects which promising that they’ll change the world & system by their project before fund raising ! But After raising funds, they do nothing!
So, my question is Whats your Future plans & long term mission ? & Do you think that you’ll build project that you mentioned in website & roadmap in given Time?
Corneliu Fridgant
Founder
Actually we are not PPTX project. We are a real company and we need the blockchain community for storage and share the bandwitch
Cryptodiffer Community
In terms of roi, most of ppl look for highest one, Whats the benefit of running an MTVchain masternode and can anyone run one and what is the approximate ROI that a masternode can generate? what are the requirements to run one?
Romuald Boutault
Partner
In term of ROI, there are 2 types of REWARDS :
If your Ethereum wallet is credited with at least 10,000 MyTV tokens, you will receive monthly STAKING Rewards (ROI = 21.84%) and MASTERNODES Rewards (ROI = 72.8% to 109.20%). The monthly Rewards are fixed and guaranteed for at least 1 year, regardless of the real utilization rate of your MASTERNODES.
However, keep in mind that MASTERNODES are Virtual Private Servers (VPS) you have to own or pay (the market value for such VPS is from $5/month for Bronze Masternodes up to $40/month for Platinum Masternodes
Cryptodiffer Community
Can you tell about the main utilities of MyTV tokens? Why should anyone invest in MyTV token?
Can you tell us the reason of MyTVchain to choose sport sector?
François Le Page
CEO
MyTVchain is positioned to become the new financing tool for sport clubs whether they earn money from
selling services while viewers are watching a video or while they sell sport clubs products or tickets. MyTVchain is the first dedicated decentralized platform governed by a community of peers (made of sport clubs,
fans, supporters, friends and families) and which is leveraging the value of their content, their activities and
events without costly intermediaries or unfair online presence (see Abstract: Giving back the value from
their content to sport clubs.).
Cryptodiffer Community
What are the ways that MyTVchain generates profits/revenue to maintain your project and what is its revenue model ? How can it make benefit win-win to both invester and your project ?
François Le Page
CEO
Our business model relies on four pillars:
1. The sale of premium services to content creators in the form of a recurring subscription:
a. MyTVprod and MyTVprod PRO: a production tool for live streams
b. MyTVprivate: a private Playlist solution
c. MyTVgeoblock: a solution for geoblocking videos
d. MyTVads: an internal advertising agency for each WebTV
As well as on-demand services:
e. The capture of live streams
f. The creation of video content
2. VOD
g. VOD allows you to broadcast paid videos on demand
h. SVOD allows the content creator to create channels by subscription
i. DONATION allows users to make micro-donations to the content creators/holders
3. Advertising
4. Market place
Cryptodiffer Community
Can you explain the role of Blockchain in Web TV based platform? How Blockchain technology can solve the WebTV problems?
What are the main token utilities and real world usecase of MyTVChain that attracts most of investors to invest in myTVchain?
François Le Page
CEO
MyTVchain platform was created using a flexible architecture able to encompass and interconnect as
much as possible all its features with the blockchain.
The integration of CDN (Content Delivery Network) / P2P-based (Peer to Peer) technologies will allow MyTVchain to manage service utilization peaks as well as lower CDN costs.
The platform is based on scalable frameworks and databases.
The platform has the ability to integrate other services thanks to an API (live chat, social media, blockchain
services), easy to use and resulting in retention of the users.
Cryptodiffer Community
Can you explain more about MyTVChain’s MASTERNODES technology & features?
Romuald Boutault
Partner
Briefly, Masternodes is a”Proof-Of-Service” consensus, now possible with blockchain.
In short, if you “prove the service delivered”, you get some REWARDS.
First, you need enough token to deposit the required COLLATERALS in your wallet (as an example the COLLATERAL is 10’000 MYTV for BRONZE Masternodes up to 300’000 MYTV for Platinum Masternodes)
Then, we need to PARTICIPATE by activating/enabling some Masternodes. For that, you just need to provide some dedicated VPS (Virtual Private Servers) that will be used by MyTVchain.com to optimize the performance of the streaming videos, as close as possible to users.
The VPS are Linux, Ubuntu x64 with IP V4 with root access
Cryptodiffer Community
With the application of TV web, what are the benefits and opportunities of Sports clubs and fans? Can you describe why they should use MyTVChain instead of others?
What type of business are you aiming for? Which market MyTVChain focus on? Why does MyTVChain forcus Asia Sports clubs?
François Le Page
CEO
Benefits
• Blockchain permits direct community relationships between members.
• Marketing performance and impact become more accurately measurable.
The revenue model is based on a Freemium offer, complemented by the opportunity for sports clubs to
sell extra services to their communities and where viewers earn token while watching videos.
Viewers then can donate their token to best video director to reward greatest videos or either donate to their favorite club.
We do not focus on asian sports clubs, we broadcasted a video on Fox Sport Asia to drive awarness on the platform but we target US + E.U + Asia at this stage
Cryptodiffer Community
Could you please shed more light on security side of mytv ecosystem? How secure is the mytv structure? What measures have been taken?
François Le Page
CEO
We do not disclose our security measures at thi stage but we have a team of IT security expert fighting against hackers at all times.
Cryptodiffer Community
1 – What do you think is the biggest problem in current technology is #MyTvChain solving? and Why is the problem important to solve? Doesn’t it have any way to make it easy with existing platforms like YouTube?
2 – There are multiple project in which I’m investing, but I always trust on technology & financial vision, Can you explain your financial vision for #MyTVChain?
Romuald Boutault
Partner
1) MYTVchain.com solve a pb for Sport Clubs and fans. Have a dedicated TV channel and fairly recognize the Fans. As an example, it’s very similar to the “BRAVE + BAT (Basic Attention Token)” project to fairly reward the ATTENTION of viewers. For sure, Youtube is far from this model.
2) Not easy. In short, today, it’s a real challenge for a company like MYTVchain.com to be profitable when the fixe expenses are high (mainly the IT costs to store and broadcast the HD videos)… How to reduce the fix costs/expenses? How to increase the revenus?
the PROOF-OF-SERVICE is the solution leveraging the blockchain technology. Why?
Just because MyTVchain.com will progressively replace the expensive IT (paid in USD) with ours Masternodes (paid with MYTV tokens).
Once done, the IT expenses will be reduced (to zero) and the quality/availability of the video streaming will increase thanks to the flexible/agile/optimized Masternodes.
Cryptodiffer Community
What are roles play #mytv token in ecosystem? How many languages now possible to watch sports in mytv?
François Le Page
CEO
mytvchain.com is available already in French + English + Spanish + Portuguese + Russian
Cryptodiffer Community
On the 16th of February 2020, MyTVchain.com servers suffered an attack of extreme violence which restricted the reconciliation of partcipants payment for couple of hours.
Q1. Can you tell us exactly the origin and purpose of this attack?and don’t you think participants trust and loyalty could be reduced as a result of this?
Q2. What security measures have you put in place to ensure participants funds are SAFU(safe) and secured against external attacks?
François Le Page
CEO
Will keep you updated ASAP the situation becomes normal Our team works 24/24 7/7
Cryptodiffer Community
How does MyTVChain attract users to its platform through its tech?
François Le Page
CEO
Technology has never attracted anyone, it is the usage that drive users and MyTVchain today offers a unique set of tools for sports clubs, more to come soon with dedicated app for filming and streaming
Cryptodiffer Community
Well, the problem is Most of the Club’s have their own TV & Channels, How you will convince them to move on to MyTVChain? & What are the perks of them?
François Le Page
CEO
We are unique in our approach as we are the only one offering a complete ecosystem to help clubs remaining sole owner of their content (as opposed to YouTube & co) and they can receive donations from their fans thus earning extra means to finance their activity even for smallest clubs
Cryptodiffer Community
Sports clubs have started to make great losses in recent years. On the one hand, the blockhain sector started to reach an important audience. Can the Mytvchain platform be an important revenue center to combine sports clubs with the power of Blockhain technology?
Can fans donate every video they watch to the club?
In fact, can clubs and athletes regularly earn this way?
Corneliu Fridgant
Founder
Yes, of course
Cryptodiffer Community
Well, the problem is Most of the Club’s have their own TV & Channels, How you will convince them to move on to MyTVChain? & What are the perks of them?
François Le Page
CEO
Absolutely wrong, you probably speak about large clubs but they represent a bery small part of the market, for small clubs worlwide, they have nothing today so our offer is the best one to help them
Cryptodiffer Community
How to become a masternodes what are the requirements and what are the different level of profitability of masternodes?
Romuald Boutault
Partner
To activate Masternodes, you need to provide VPS (Virtual Private Servers (VPS, that you either own and you rent, the market value for such VPS is from $5/month for Bronze Masternodes up to $40/month for Platinum Masternodes).
VPS (Virtual Private Servers) that will be used by MyTVchain.com to optimize the performance of the streaming videos, as close as possible to users.
The VPS are Linux, Ubuntu x64 with IP V4 with root access
Cryptodiffer TEAM
Does your blockchain project have support from the government or Start-Up in your country? What is the regulation on governing the Blockchain?
François Le Page
CEO
French Government has passed a law called “Loi Pacte”, you can search for the complete document online. We have received Grant from French National Public Bank so yes we can say we are supported
Cryptodiffer TEAM
What sports clubs do you plan to collaborate with in order to popularize your resource?
François Le Page
CEO
We partner with Nationa Federations and leagues which helps us to reach millions of sports clubs nationawide and we duplicate this model in all countries
Cryptodiffer TEAM
Q. Do you think YouTube is not convenient for users now? So are you building your blockchain platform?
Q. What are your main advantages compared to competitors? Why do you think it is your product that can become successful?
Romuald Boutault
Partner
YEs, YOUTUBE is not the best platform for Sport Clubs to broadcast videos and fairly manage the economics with Fans.
Blockchain technology provide the unique features :
Unique & Attractive Features
– PRIVATE TV CHANNEL : Sport clubs can have their private TV channel and stil own the content
– PROOF-OF-SERVICE : Masternodes will replace the exisitng expensive infrastructure
– SATISFACTION GUARANTEED : At request before Mar27, 2020, the COLLATERAL of all your MASTERNODES are fully reimbursed (100% money back with same currency)
MYTVchain.com solve a pb for Sport Clubs and fans. Have a dedicated TV channel and fairly recognize the Fans. As an example, it’s very similar to the “BRAVE + BAT (Basic Attention Token)” project to fairly reward the ATTENTION of viewers. For sure, Youtube is far from this model.
Cryptodiffer TEAM
Q. Do you think YouTube is not convenient for users now? So are you building your blockchain platform?
Q. What are your main advantages compared to competitors? Why do you think it is your product that can become successful?
François Le Page
CEO
Studies show that the vast majority of sport clubs lack financing for their development and activities. In most cases, they are posting videos to popular platforms, allowing those platforms to earn more money than they do, while losing distribution rights and control over their content. Sport club members are willing to participate in the club’s life and are keen to film and share the performances of the kids or the teams to online platforms. However, there is growing interest in added freedom for creators and rewards for viewers when publishing through online platforms.
Cryptodiffer TEAM
How does MyTVChain deal with speed and scalability?
Romuald Boutault
Partner
It’s very challenging and deadly expensive to manage SPEED and SCALABILITY of the videos with an traditional IT infrastructure.
Blockchain technology fix this with the “Proof-of-Service” consensus leveraging Masternodes.
MyTVchain.com will progressively replace the expensive IT (monthly paid in USD) with ours Masternodes (monthly paid with MYTV tokens).
Cryptodiffer TEAM
There are 3 core issues prevalent in crypto and blockchain: Security, Interoperability, and Scalability. How does MyTVchain plan to overcome these issues?
How many partners currently have trusted MyTVchain technology and what benefits do these partners bring to MyTVchain and vice versa?
François Le Page
CEO
We have a national partneship with French Olympic Committee so they are broadcasting on their web TV on MyTVchain 24/7 already. They have chosen us because the competition were not able to provide such quality service. In addition, we receive many demand at the moment for white label platform from European media group as they have identitified how our technology is strong. Our hybrid technology is unique and under patenting so we do not disclose to many details at the moment
Cryptodiffer TEAM
Even as a utility token, each country has different regulations and even restrict coins as utility, wouldn’t this be an issue for the sportsclubs that want to start an MTV?
François Le Page
CEO
Not at all, we have done a legal assessment on our core territories and we comply with existing laws. In addition, if you would have read our WP you probably read that we do not manage any content rights or distribution, all copyrights remain the sole property of sports clubs..
Cryptodiffer TEAM
Many projects the same as MyTVchain is very eager to have partnership with Hisense. What are your plans about this?
François Le Page
CEO
I would be interested to have the list of the “same projects”…and we are not a project anymore, we are a running company already
Cryptodiffer TEAM
Can you give me 3 reasons why I should invest MyTVchain for long-term ?
Romuald Boutault
Partner
OK, let’s try :
1) You become an entrepreneur by investing in a great project to disrupt the Sport TV. As a recognition, you can buy now some MYTV tokens at discounted prices, and the value of these tokens should increase overtime while the MyTChain company grow.
2) If you stake your MYTV tokens, you will get a ~20% ROI.
3) If you participate to the Masternodes Program, you’ll generate some passive incomes (ROI up to 110%)
Cryptodiffer TEAM
1. Who is your main target audience? Let’s take a concrete example. FC Liverpool earns $600k per month on its YouTube channel. What should attract them to start using MyTvChain platform?
2. Your roadmap (Phase 1) has Geo-blocking mentioned. Will MyTvChain have some regional restriction regarding usage of the platform?
François Le Page
CEO
If you would have read our WP you would probably read that we do not target the largest sports clubs as they do not need us and they represent a too small portion of the market, we target first small sports clubs who have nothing today and where going to YouTube doens not make sense as they need millions of views to earn some $
Cryptodiffer TEAM
What is the difference between MyTV Token and MyTV Fan?? and what are the uses of both?
Romuald Boutault
Partner
MyTV Tokens are Ethereum crypto-currency (ERC20). You can buy then now during the Private Sales (PRE-IEO) on the ieo.mytvchain.io website and then on IEO on some exchanges. Starting Mar28, you can sell the MYTV tokens on EXCHANGES At market price.
MYTV Fans are an internal “stable coin” valued at $1. Sport CLubs and Fans can convert their MYTV Tokens in MYTV Fans (=$1) to protect against volatility of MYTV Tokens.
François Le Page
CEO
Dear All, please join us on our Telegram channel to continue the questions if you wish after this AMA but please read our Light-paper and WP BEFORE as most of the question have all the answers in our documents: https://t.me/MyTVchain ; Many thanks
Cryptodiffer TEAM
Great, thank you @corneliu06 @Matchess65 @fplepage for your time!
Great answers, thank for you effort!
