ICO PUBLIC SALE STARTS SOON

PRE-ICO SALE STARTS OCTOBER 25TH, 2017

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CREATING A BLOCKCHAIN BASED CIRCULAR COMMUNITY

TO BETTER MONETIZE DIGITAL CONTENT

RHOVIT is a hybrid cloud and blockchain based platform with an earn and spend economy built upon an ERC20 Token called an Rbit.

RHOVIT allows providers to create their own “Zones” to SELL, RENT or STREAM...

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Earn & Spend

Circular Ecosystem

Hybrid Technology

The Rbit Token is used by RHOVIT providers and advertisers to incentivize users to watch and share their content.

Rbits also provide the backbone for RHOVIT’S circular economy by “valuing” users transactions on the site and using those transactions to mine Rbits.

The mined Rbits are then distributed out to the content provider community and used as backing to distribute RHOVIT’S in-house currency, “Coins” to the user community so they can purchase more content.

Problems Within The Current State of Digital Media Monetization

Ad Based

  • 600M Ad Blockers downloaded

  • Estimated 90% of people skip ads

  • Lack of incentives for Users to watch ads

Sales/Rentals

  • High Platform Fees

  • High Middleman Fees

  • Loss of control of content and pricing

Piracy

  • Billions lost in revenue a year

  • Increasingly easier to Pirate

  • No incentives on platforms for users NOT to pirate content

Enter a Blockchain Based Ecosystem

Transparent, open economy that generates value from users actions and distributes it to the community.

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Open post, easy to use site that gives content creators complete control over their products and pricing.

Rbit

Crypto Asset that can be mined according to activity on the site and used to keep incentives and spending flowing.

Coin

Stable priced currency that can be accepted for payment while allowing an easy gateway to the platform for non-crypto enthusiasts.

What if...sites like iTunes, Steam or Amazon used transactions to create value for their communities? You would create a perpetual engine feeding both users and providers, allowing both sides to prosper and not just the platform. This is why we are creating a crypto-backed platform.

The RHOVIT HYBRID Difference

The Circular Economy at work...

Mining Rbits

Rbits are mined by Users completing "Value" transactions on the RHOVIT platform. A value transaction is anytime a Coin or Rbit is given or earned. For every set amount of value transactions, 1 Rbit is mined and then distributed on a weekly basis, with a max amount of Rbits able to be mined each week.

Provider Distribution

Each week 60% of the mined Rbits will be distributed to Content Providers based on their "Activity Score" for the week.

​A Provider's Activity Score is based on Coins spend on their products as well as number of other value transactions their products garnered.

​The Rbits Providers receive are split into two wallets. Wallet A is theirs to save or exchange off site for other crypto-currencies or fiat money. Wallet B is for investment back into the community and is used to promote their products and incentivize their users.

User Distribution

40% of the Rbits mined each week are put into a User Pool. Based on the market cap of the pool, RHOVIT will distribute 2% or 3% of that value in Coins out to Users. Users receive their portion of Coins based on their activity score.

A User's score is based on Coins spent on products as well as total number of other transactions completed.

Once a year the User Pool will have a "Watershed". All the Rbits contained in the User Pool at the end of the year will be distributed out to Users based on their "Yearly Activity Score."

Value

The amount of Rbits able to be mined will decrease every two years until they reach a steady level. As they decrease the number of transactions needed to mine them will increase.

This ensures there is always value to be had by both Users and Providers while still ensuring scarcity. If transactions or not numerous enough to support new Rbits, then they will not be mined.

Use Of Revenue and Tokens Created

Token Cap: 180,000,000
Mined on RHOVIT: 90,000,000
Token Sale: 63,000,000 (hard cap)
RHOVIT Reserve: 18,000,000
Team / Partners / Bounty : 9,000,000

Amount of Rbits per Eth will be set 3 days prior to sale
(approximate numbers will be 140 - 180 per Eth)

Any unsold Rbits from the token sale will be added to the mining pool.

Mining Schedule : Max 150,000 Rbits weekly / 7,800,000 yearly

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