FAQ 🇬🇧

MYTVCHAIN | MYTVTOKEN

Who uses MyTVchain today?

750+ WebTVs are currently active on the platform.

What is the business model of the platform?

Our offer consists of selling :

for sports clubs :

  1. the customization of their web TV with 3 service packs
  2. production and captation tools

for sports organizations and clubs :

  1. the white label mytvchain.com platform
  2. the white label MyTVchain mobile application

With an implementation on the platform, the MyTV token will be a business model in its own right!

For you, is Socios a competitor, a potential partner, or a completely different niche?

Not like the MyTVchain offer which goes from video capture to marketing activation.

How do you see the wider competition? What would happen if giants were to tokenize? (Twitch, YouTube, …)

Regarding Twitch and others: The major difference lies in the fact that we are building the biggest community related to sports which is our specialization. We don’t think that generalists will be able to fully adapt to the specific needs of sports clubs…

Why use the Blockchain?

Fans and video producers can retain their rights and market their content independently. The blockchain platform allows for fair usage tracking and rewarding of the associated contribution to stakeholders and clubs.

At a time when society is demanding honesty, transparency, and freedom on online ecosystems: blockchain technology seems to be the most appropriate to create a decentralized platform, governed by a community of peers (consisting of sports clubs, fans, supporters, friends, and families) and profitable for anyone at its scale.

What about ownership of the content on MyTVchain?

Can we talk about an Olympic Games rumor, or is it too early?

Will there be esports on the platform?

Is there or will there be technical support for clubs, federations, etc. to create their content or will they have to use their own means to film, etc.?

Scenario 1: No camera. We send a team.

Scenario 2: Camera of a friend/family. Compatible without problems!

Scenario 3: Fully equipped. Extremely fast broadcast of the first images.

Does MYTV also think about companies? For example, outdoor sports companies create a lot of video content.

How can I create a WebTV?

https://mytvchain.com/doc/MyTV_CreateWTV_EN.pdf

MYTV TOKEN

What is the MyTV token?

Each user is incentivized to purchase and use MyTV tokens to access services and is rewarded with MyTV tokens for their activity* on the platform.

The value of the tokens is designed to grow as the platform develops: it becomes a means of payment, an efficient store of value, and a new passive income opportunity for all those involved in sports and esports.

* Rewards: publish a video, share content on social media, rate content, watch ads, …

https://mytvchain.io/Litepaper_FR.pdf

What is staking on MyTVchain?

For the MyTV token, this mechanism stabilizes the token’s price while ensuring a fair reward for the holders who invest in the long term and participate in the governance (voting on key decisions on the distribution of rewards on the platform and staking packs for example).

STAKING CONDITIONS

The pairs offered are in the form of DURATION / ANNUALIZED RETURN (APY).

Example:

  • 30 days: 7% annualized
  • 90 days: 13% annualized
  • 360 days: 36% annualized

Interests are paid directly from the treasury at the end of the lock period.

It remains possible to recover the funds at any time. Withdrawing funds early will result in the loss of interest and a 4% penalty. This malus is charged to the amount originally staked by the investor and sent to the treasury.

Blockchain transaction fees (staking, MYTV redeem, rewards redeem, unstacking) are charged to the investor.

To subscribe to a package, a minimum amount of 100 MYTV is required, which represents (at the time of the public sale) 10$. Once you have subscribed, you will not be able to change the amount deposited, but you will be able to subscribe to new packs.

Other types of staking are being considered and may be implemented in the future, such as flexible staking with a lower rate but with the possibility of withdrawing your rewards dynamically.

What are the risks of staking?

How is the relationship “Increase in the number of views => appreciation of the token” verified?

To understand this, let’s start a little further.

  • Total MYTV in circulation: 390,000,000 (decreasing over time due to supply scarcity mechanisms)
  • Token classification: utility token (a token that allows access to products and services on a platform)

Token utility:

  • Purchase of products and services on MyTVchain.com
  • Micro-rewards: some interactions considered virtuous are rewarded by cash in MYTV (about 70% supply at launch).
  • Staking: different staking modalities for investors
  • On-chain governance: the ability to vote on key proposals and decisions (reward distribution, staking model, etc.)

Token valuation: the principle is to link the consumption of paid features on the platform to the valuation of the token.

How does it work?

  • % of FIAT payments is used to buy-back on the market: MyTV buys tokens from the market and sends them to the treasury (decentralized)
  • % of MYTV payments is used to abound the treasury, another % is burned to rarefy the number of MyTV in circulation.

What impact of a view on the platform? Difficult to estimate.

The most tangible element is the viewing of an ad: A marginal % of the platform fee will be used for buy-back.

How will you motivate clubs to use MyTV tokens instead of FIAT?

  • Dynamic and finite supply: it is built to increase in value over time as the platform is consumed
  • Remunerative: a club can use it as a money management/passive income generation tool

If we project ourselves into the day-to-day use of a club that offers its fans paid services, receives rewards and donations:

  • % converted back to FIAT: a club will likely convert its MYTVs directly in FIAT for short-term liquidity needs
  • % retained in MYTV: to take advantage of the token’s dynamism and staking opportunities

An incentive to purchase features on the platform with a % cashback in MYTV credited to the content creator’s wallet is also considered.

To make the “traditional” players pour into the potential opened by crypto-assets, we must be pragmatic and accompany a smooth transition by offering FIAT and MYTV entry points and by raising general awareness.

MIGRATION ERC-20 => BEP-20

How does the migration work?

At a given moment, a “screen capture” of all ERC-20 holders will be performed. A migration script will automatically send the BEP-20 tokens to the same addresses.

During migration, the supply will be decreased by a factor of 10 to go from a Total Supply of 3,900,000,000 to 390,000,000.

If you own 100,000 MyTV (ERC-20), you will receive 10,000 MyTV (BEP-20) at migration.

When does the migration take place?

Where will the MyTV token be listed?

What will happen to the ERC-20 MyTV token?

I have MasterNodes today, what will happen to them? What about my rewards?

Historical MyTV holders will benefit from a dedicated staking package at 120% APY for 90 days.

Is it a definitive goodbye to decentralization on masternodes/servers outside MyTVChain for video storage and delivery?

  • Some of the VPSs are not properly provisioned,
  • Need for course support
  • Decorrelation of MyTV and the platform which lives in silos
  • Very high transaction fees on Ethereum that prevent both the distribution of rewards and the ability to distribute micro-rewards

We already offer today an extremely efficient peer-to-peer streaming system but we do not exclude coming back to a MasterNode system in the medium/long term.

Today the priority remains to have a strong and useful token within the MyTVchain.com platform. The chosen orientations are fully in line with this.

Do you plan to be cross-chain?

Why choose the Binance Smart Chain?

Welcome to a free, sustainable, and collaborative Web TV platform for sports & esports powered by its native digital currency: the MyTV token.