Coin Review - FLIXXO

Flixxo (FLIXX) is a social sharing and video hosting application that is meant to disrupt the monopoly that Youtube current holds in online video. While Youtube was once a friend to content creators and the online community, in recent times many have complained of continually falling payments, videos being removed without reason or due process, or even their accounts being banned completely for content which was deemed controversial. For this reason, several decentralized video hosting platforms have popped up which includes this offering from the co-creator of Popcorn Time, a moving streaming application with over 100 million users.

With social media sites constantly abusing their power to censor videos which they deem unworthy of being shown or axing copyrighted content, a decentralized approach seems the only path forward. By using the Flixxo platform users become the network. Videos are hosted and shared on a user’s own device in a peer to peer method similar to what you may have used with programs such as BitTorrent. This means that there is no centralized server or domain which can be taken down or controlled by a single entity. Videos can’t be censored or removed by any governing party. What’s more is that since the users are supporting the network by hosting their own videos, the costs for the platform become close to nothing. In a centralized setup the hosting of videos would be a costly venture, but when everyone shares the load the cost disappears, which means there’s more money to distribute to content creators.

How does the Flixxo platform work? Let’s say that Bob uploads a video. Alice wants to watch that video, and it costs here 50 FLIXX to do so. She is also rewarded with a small amount of FLIXX for sharing it. Bob is paid FLIXX as well. If Alice is out of FLIXX, but she wants to watch more videos she can then choose to watch advertisements to get more. This of course is where the money comes from in the system. Advertisers will pay FLIXX to get users to watch their ads, feuling the app’s economy.

They also have a system in place to deter spammers and copyright infringement which is refreshing. While there are many who believe copyright should not exist, the fact is that copyrights are the only way that many content creators such as musicians or filmographers actually make money from their work. Flixxo will require uploaders to “stake” a certain percentage of coins in order to upload. These are held as collateral against any complaints that may arise. It’s unclear whether the true creator will receive these tokens or not, but this system is certainly a step in the right direction. Flixxo makes it clear that a censorship resistant platform is not an invitation to make money from the work of others. As a result, this platform will likely resonate well with content creators that are currently being cheated or censored on competing platforms.

Pick up some Flixxo today!