With our deep cognizance in the video streaming market together with our series of experience on mainstream media data analytics gathered from the giant stride streaming platform like YouTube, Vimeo, Roku, etc we discovered that an average 1.5 billion hours of video has been streamed daily. taking YouTube as a case of study the platform only rewards the content providers financially, while the viewer is only rewarded with the pieces of information, education and Entertainment gotten while streaming, But with JBOX streaming App everyone is an earner, our platform is designed to reward both the content provider and viewer through a well-augmented mining algorithm that pays content provider in our custom digital currency (JBX)TOKEN for views gather while the viewer is been rewarded with our Token which drops automatically into a wallet bank on the JBOX platform for every 20 seconds spent for streaming contents.
Adoption of third-party streaming apps; In line with the company vision to incentivize streaming lifestyle globally, it is expedient not go into the mainstream media market with the motive of being a competitor but to portray self as an Umbrella for streaming Apps, which is the core reason while we proposed our newest invention the JBOX decoder and JBOX droid stick this is a CPU(central processing unit) and GPU(Graphics processing unit) intensive device with a dedicated operating system modeled to accommodate video streaming Apps and to offer rewards for viewing on all the streaming platform paying with JBX token.
The next phase of her project “JBOX Decoder” and “JBOX droid stick” the company plans to manufacture 1 Million of this mining device which will be sold at $50 worth JBX token on a pre-order sale respectively. its major features include a dedicated android system designed to accommodate Jbox application and all other third party streaming Apps [Netflix, Hulu, Showmax, Irokotv, DStv mobile, etc] also offering equal mining privilege enjoyed while streaming on the JBOX App.
Product Comparison and Adaptation
Roku is a video streaming company Currently offering similar service on internet decoder and HDMI streaming stick, as a case of study, we discovered that Roku has made a huge fortune from the sales of these devices which does not offer any financial rewards like jbox dedicated devices will do to the entire streaming community. below is a breakdown of the revenue raked in by Roku from the sales of similar products.
Roku annual/quarterly revenue history and growth rate from 2016 to 2019. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income.
Roku revenue for the quarter ending September 30, 2019, was $261 Million, a 50.49% increase year-over-year.
Roku revenue for the twelve months ending September 30, 2019, was $993 Million, a 51.66% increase year-over-year.
Roku annual revenue for 2018 was $743 Million, a 44.8% increase from 2017. Roku annual revenue for 2017 was $513 Million, a 28.63% increase from 2016. Roku annual revenue for 2016 was $399 Million, a 24.63% increase from 2015.
These is just case study while Jbox mining devices will reward user who stream all 3rd party streaming service
Considering Multichoice also as a case of study, The company has managed to grow its video entertainment segment to $3.7billion this year. this video segment is getting the bulk of its revenue from DSTV, GOTV, and Showmax Respectively, transmitting over 520,000 digital terrestrial television(DTT) to more than 13.5 million direct-to-home Satellite subscribers with a decoder and Satellite dish transmitter which offers Entertainment pleasing to eyes and ears only. whilst JBOX offers you the full combo accompanied with huge financial rewards for the time spent on entertaining yourself
We are in a world where the only thing constant is the certainty of change. The world is changing rapidly and so is our way of doing business, technology has impacted greatly on business and has indeed revolutionized trade for example Bitcoin brought us the blockchain. Ethereum brought us smart contracts and still many interesting innovations on the way.
At JBOXCOIN we have provided you with a platform to make money while entertaining yourself. The concept behind our platform is different from Youtube as you are paid for uploading and viewing new videos thereby paying you for entertaining yourself.
JBOX researches and utilizes the best blockchain technologies, by bringing you a new decentralized sustainable video streaming cryptocurrency system. The system is within the scope of movie/video industry and cryptocurrency industry. It encompasses the industries that produce varieties of videos that cover Aerospace Industry, Agriculture, Computer, Education, Entertainment, Food, Health-care, Information and Technology, Manufacturing, Mass media, Telecommunications, Transport, Sports, industries, among others. Also included in this package are cryptocurrency industries where we already have various coins in existence.