Decentralized Finance Projects: TRANSCODIUM

The Decentralization of Transcoding Platform

Transcoding is the ability to adapt digital files so that its content can be viewed on different playback devices. Working like an interpreter, a transcoder translates files to a suitable format for the end user. The translations are built upon complicated algorithmic computations and require significant processing resources. This simply means, you get to enjoy your favorite Netflix,Hulu or YouTube videos or series on your laptop or mobile because of this service sitting back in there and converting all the heavy files to make it compatible with your desktop, laptop or mobile. This should give you an overview of how important this service is. as this service is highly in demand by almost all streaming and social platforms such as Facebook, YouTube, Netflix and more. The streaming & transcoding industry in the USA alone is expected to reach about $804 billion by 2021, according to the Entertainment & Media Outlook by Price Water house Coopers. As media evolves to a direct-to-consumer world, the streaming industry is becoming more popular than the TV broadcasts. Video commands the most revenue of any entertainment and media sector, that is, about USD $420 billionglobally in subscriptions and advertising in 2015 according to PwC.

The Transcodium platform wont be only for transcoding, but we have other exciting features in store for you, This will make everybody benefit from the platform , Below are some planned features :

Built In Live Exchange

All Transcodium’s wallet applications will have an inbuilt live exchange to enable users to convert their coins to other currencies. The live exchange will connect to some of the popular existing exchange platforms available.This will help ease the token acquisition process to customers or anyone who will need them.

Token Lending Feature

With the adoption of proof of stake concept, one important factor in the selection of a worker involves their wealth, but not everyone can meet that requirement, so we decided to employ a lending feature into the platform, where token holders or investors can lend their tokens to workers who need them. The borrowed tokens cannot be spent, it will be backed by a smart contract, a worker can borrow tokens with a specified time period.The longer the time, the higher the interest to be paid on the loan.

Only workers are eligible to borrow. Before any worker is credited with the principal, the interest is auto-calculated and debited from his/her account based on the duration.The interest will be added to the principal, this means a worker needs some amount in his/her wallet before applying for a loan . The principal plus interest will be locked using a smart contract until time is due for release to the lender.

TRANSCODIUM (TNS) TOKEN

TNS token is an ERC-20 compliant ethereum based token which is designed to work on Transcodium network. The token will be the official currency to be used on the network.
The total supply of the TNS token is 120 million and has a maximum of 18 decimal places. This is a fixed supply and will not decrease or increase, the decision of the total supply was made by the Transcodium team and founders. The limited supply will help improve the quality of the coin.
The transcoding industry has a huge market, so the limited coin supply is a great advantage for both investors and marketers in the near future.
EACH TOKEN OFFERS THE FOLLOWING RIGHTS TO ITS HOLDER:
1. Right to transaction
Each token holder holds the right to send or receive tokens between one one another. Tokens can also be sent to third party such as an exchange and can be traded with other digital assets.
2. Right to services
Each token holder holds a right to get the services made available by the company for the token, such as media transcoding, file distribution, lending e.t.c

ICO info

Bonuses & Discounts

Number of token sales	Offer	Price per token
5,710,000 (Presale)	30% Discount	$0.263 USD
6,680,000	20% Discount	$0.300 USD
22,190,000	10% Discount	$0.338 USD
25,220,000	5% Discount	$0.357 USD
26,600,000	0% Discount	$0.376 USD