I found something particularly interesting in the cos group, that the holders of cos all refer to cos as 'sleeping coins', which has two layers of meaning:
1: Holding cos allows you to sleep soundly, without worrying about a big waterfall coming in the dead of night to scare you awake.
2: Every morning after waking up, you will find that your cos assets have grown quite a bit. Such an evaluation, I think, is the deepest recognition of a currency. Speaking of this, the stable control team of cos deserves a hundred praises.
Alright, today let's take a look at this popular project abroad, Contentos.
One
Contentos is a decentralized content public blockchain aimed at a global audience. COS is its token.
What is the difference between it and existing content platforms? Lichang, Cailu, and Bihu are text-based content platforms, while Contentos is an audiovisual content platform focused on video, live streaming, music, and images.
The Contentos public blockchain began testing with the V0.1 'Pangu' launch in March 2019, followed by V0.2 'Mercury' in April, then V0.3 'Venus', V0.4 'Mars', and V0.5 'Jupiter' in quick succession. On September 25, the mainnet V1.0 Home was launched, starting the migration of global content creators, users, and products to the Contentos mainnet, and switching to the native Token.
A public blockchain is like a highway; the most uninteresting outcome is that no cars are running on the road.
Once the Contentos mainnet was launched, several popular applications were successively implemented.
The video platform COS.TV under Contentos, the well-known image social platform PhotoGrid, and the American live streaming platform Liveme, along with the U.S. version of Douyin, Cheex, together have 60 million monthly active users, making Contentos one of the few audiovisual content public blockchains with both products and users.
Additionally, the COS.TV platform under Contentos has successively established itself in Brazil, Vietnam, etc., causing a massive internet celebrity craze locally.
Two
Good products need to solve industry pain points.
In the content industry, the most headache-inducing issue is copyright; after painstakingly writing, it can be copied by others with one click, and ultimately there is nowhere to complain.
Contentos utilizes blockchain technology to solve the main obstacles faced by centralized content platforms today, including content distribution, content monetization, rights confirmation, and copyright management.
Contentos hopes to return the rights generated by content creation to creators, encouraging positive collaboration between creators, advertisers, fans, and other creators, and rewarding users for their active contributions to the content community.
Five
The Contentos project was registered by a non-profit organization foundation in Singapore in May 2018. The founding team conducts R&D work in the U.S. and Taiwan, China.
Contentos is based on cross-chain technology, connecting independently operating content platforms. At the same time, it allows various DAPPs within its ecosystem to operate on sidechains.
The underlying Contentos blockchain integrates IPFS-related features, allowing ecological audiovisual content to be truly stored on the blockchain.
The COS token issuance plan is as follows:
Total amount of 10 billion coins.
Mining 40%;
Private placement 30%;
Founding team 15%;
The foundation reserves 10%;
Development and operation 5%.
35% of the mining is expected to be released over 12 years, with 0.448% of the total amount released in the first year and 5.432% released in the 12th year, increasing linearly by 0.448% each year.
Another 500 million is set aside as early start-up rewards, providing incentives for block producers and DAPP developers to attract users to join.
Six
Having said so much, I haven't introduced the founding team yet.
Founder Mick Tsai has 15 years of experience in the software development industry, was previously the product director of the first live streaming platform in the U.S., and also served as the product director for Cheetah Mobile's Clean Master app.
Looking at other members of the founding team, besides Ava Wen, the Asia-Pacific general manager responsible for operations, the other two are both from product and technology backgrounds.
They all have experience working in well-known companies in the mobile product and software industry, representing typical senior professional managers transitioning to entrepreneurship.
There are not many impactful platforms for video content, and the Contentos public blockchain dares to explore, which is also related to past professional experiences and the blank space in blockchain content.
I hope the project can go further and better with the support of well-known investment institutions such as IDG Capital, Matrix Partners China, Gobi Partners, and blockchain capital parties like Ontology, Danhua Capital, Binance Labs, Node Capital, and Liao De Capital.