Transcodium - Transcoding platform
Transcodium aims to provide the first peer-to-peer blockchain based and decentralized media transcoding, editing and distribution platform with high quality and reliable computational power at a very affordable price. This will create a global market for users, willing to rent their idle machines to be used as workers (miners) . Further, at the end of the transcoding process, the worker (processor) will be rewarded with the TNS token. Transcodium started as medianap in 2015 with a visual cloud transcoding and media editing platform, but went out of business due to the high cost of cloud servers, we could not compete with the existing platforms and had to switch to another business, In...
Token sale ended
- Token: TNS
- Price: 1 TNS = 0.376 USD
- PreICO start: 7 Jan 2018
- PreICO end: 28 Feb 2018
- ICO start: 1 Mar 2018
- ICO end: 30 Apr 2018
- Country: United Kingdom
Transcodium aims to provide the first peer-to-peer blockchain based and decentralized media transcoding, editing and distribution platform with high quality and reliable computational power at a very affordable price. This will create a global market for users, willing to rent their idle machines to be used as workers (miners) . Further, at the end of the transcoding process, the worker (processor) will be rewarded with the TNS token.
Transcodium started as medianap in 2015 with a visual cloud transcoding and media editing platform, but went out of business due to the high cost of cloud servers, we could not compete with the existing platforms and had to switch to another business, In 2016, our team decided to look into the project again but this time using the blockchain and decentralization technology. Unlike the previous platform, Transcodium’s network will be fully autonomous without human intervention.
Transcoding is the process of converting from one file format to another desirable and compatible format. Before your favourite social media platform or streaming site such as Youtube or Netflix makes a video available to you, they need to convert this video into multiple formats in order to support different devices such as smartphones, laptop and desktop computers, TVs and more, since each of them have different capabilities. Some videos might even fail to play over a slow internet connection, these type of videos will also need to be converted into a lighter format for a smooth streaming.
Workers are idle devices on the network waiting to process a transcoding request. Initiators are customers or users who needs their files to be transcoded or converted into another format. Processors, this is a collective term denoting master nodes and workers.
Transcodium will tackle all the 3P’s ( Privacy, Pricing, and Processing Power) in an instance, there will be no limit on how much processing power Transcodium will be able to generate from its network. Transcodium network will be available to its target customers in a more cheaper price than the current market price.
Transcodium’s unique algorithm will enable the conversion of media files in a supersonic speed by splitting large media files into very tiny chunks and thereafter will be encrypted, compressed and sent to workers (idle devices) to process. Due to the lightweight of each chunk, these tasks will be transferred and processed at a very fast speed, even smartphones will be capable of processing them. Tokens will be rewarded to any worker who completes its task before the allocated timeout.
CEO / CO-FOUNDER
CTO / CO-FOUNDER
BLOCKCHAIN EXPERT / CO-FOUNDER
BACKEND DEVELOPER / BLOCKCHAIN EXPERT
SECURITY ANALYST & SERVER ADMIN
CHIEF CYBERSECURITY VISIONARY OF MGT
CO-FOUNDER AND MANAGING DIRECTOR OF WESTERN GATE CAPITAL PARTNERS
SENIOR SOFTWARE ENGINEER AT MICROSOFT
Partners & Investors
March 2015First Cloud version of platform created
January 2016Decision to adopt blockchain & Decentralized technology over centralized cloud
April 2016Research & Analysis into the blockchain & Decentralization technology
November 2016Drafting of white paper
July 2017Company Registration & Legal Processing Commenced in UK
January 2018Token Pre-sale
March 2018Public Crowd funding
July 2018Development of wallet (with built in exchange and miner) for major platforms (Android, Windows & Linux)
December 2018Development of master node application for major platforms
July 2019First beta testing of platform & the provision of fully paid premium accounts for investors,token holders, brands, startup to try the platform for 1 month.
November 2019Production commence for the platform
- Platform: Ethereum
- Price: 1 TNS = 0.376 USD
- Accepting: BTC, ETH, BCH, LTC
- Token distribution: 72% - Crowdsale 10% - Team 9% - Marketing, Trial accounts for customers & testers 4% - Bonuses & Discounts 4% - Advisors & Partners 1% - Bounty
- Soft cap: 500,000 USD
- Hard cap: 30,000,000 USD
Registration Address: London, United Kingdom
Prehistory of project
According to the roadmap, activities of company were realted to the creation of the platform. No proof of portfolio or product developed in the past were found
Product or its MVP
There are two websites. First is used to buy tokens for ICO https://transcodium.com/user?lang=en
Second is similar and will be used as transcoding platform after crowdsale https://proto.transcodium.com/file-manager
Both are possible to register
Advisor Dean Karakitsos – Founder of Bloqchain Science http://www.thebloqchain.com
Advisor at https://www.ankorus.org/advisers/
Advisor at https://transcodium.com/?lang=en#team
Advisor at https://cannasos.com/crowdsale-ico#icoTeam
No escrow information were found