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Pre-ICO Sold Out

Today marks another historic moment for Transcodium and all the ICO participants, The Pre ICO has been successfully sold out and now moved to the main ICO, we want to Thank all the participants, promoters , marketers, Advisors and all those we helped achieved this great milestone. Don’t forget 20% awaits anyone who wishes to participate in the ICO

How the Transcodium will create value to the ecosystem and differs from competitors

Transcodium is one of its kind, currently unique in its field, to provide a great value for the token, we have issued a limited tokens of 120million tokens, also with the adoption of the proof of stake algorithm, workers (minners) will need to proof their wealth with other factors to be eligible to get a transcoding contract, this way workers will need to buy and hold tokens as long as they are processing on the network.More over with the lending feature built into the wallet, workers can borrow from token holders if they have the processing power but has limited or no tokens to proof their wealth.

Our competitors, the cloud transcoding platforms has a hard limit on machines as compared to decentralized platform would have, many companies such as Uber has already proved that the decentralization of resources helps provide unlimited resources, there by providing an affordable services which in return will cause a higher demand for our services and also token’s price.

The ICO has started , please join now for early investor’s discount of 30%

Why Transcoding Needs The Blockchain & Token Usage

1. Why does transcoding need the blockchain :

Simple Transcoding task can be done on the personal computers and laptops, but large-scale production like what Netflix and Youtube process a  day will need hundreds to thousands of server which requires huge money and a lot of time maintaining those servers. Like Uber, Transcodium will work with anyone willing to rent their device to process these files, for maximum privacy and security, a media file such as video and images will be split into very little chunks and distributed to workers (minners), this means no single machine will get a full file access but rather a very little portion of it.

The blockchain is required here because there must be a trust between the customers and the worker machines, therefore, with the use of smart contract which is currently supported by the blockchain, the incentive to be paid after processing a file will be locked until the master nodes check the integrity of the converted files. Also minners will need a reserved tokens which will be held by the smart contract to issue automatic refunds to failed conversion which somehow the integrity check passed.

incentives to be paid the device owners (workers) will be based on the blockchain’s token, which we adopted ethereum blockchain.

secondly, for transparency, the public distributed ledger of the blockchain will hold all the necessary information of the processed file chunks, how much was paid to workers and many more information which both the worker machine owners and customers can verify.

2. How will the Tokens / Coins be used (token usage)

The TNS tokens will be used on the Transcodium Network, Those customers who want their files to be processed will pay using the TNS tokens, also masternode owners and Worker Machines (Minners) will be paid using the TNS tokens after a successful transcoding request on the Transcodium Network.The token will be based on the ethereum blockchain and will be an ERC 20 token standard

Also Since Transcodium will employ the proof of stake algorithm of as part of the worker (miner) selection process, workers (minners) will need to prove their wealth by keeping some considerable number of tokens to account to be able to qualify for transcoding contract.

42k Investors Likes Transcodium Project

Transcodium went through the investor’s acceptance voting and the great news is out of 42,172 votes casted by investors, 42,028 liked the project whilst 144 investors disliked it.

We want to thank all the investors who voted, those who liked the project and those who disliked it,this will help us to improve our project plan to help build a better product. Please note Pre ICO starts on 7th January, 2018, early investors will get 30% dicounted price.