ContentBox (BOX) is an ERC-20 compliant token developed on Ethereum blockchain that plays a key role in the economy of ContentBox's ecosystem. ContentBox token is used to decentralize the payment infrastructure, identity services and build the applications with a stronger monetization ability. The objective of ContentBox platform is to empower a decentralized digital content ecosystem. ContentBox solves three major problems faced by the digital content industry i.e. content creators struggle toShow more [+] profit from their creations, the content consumers receive no compensation for their contribution (such as filtering low quality from high-quality content, liking, flagging, commenting) and the high cost of the digital content due to aggressive competition between centralized content platforms. The centralized content platform pays heavy fees for copyrighting the popular content and lastly, the surging costs are transferred to the end users. ContentBox solves these three problems by offering a shared content pool, a shared user pool, and a unified payout system. ContentBox benefits all the stakeholders in the content industry including content creators, consumers, distributors, advertisers and application developers.
ContentBox offers three major services Box Payout (for content creators), Box Passport (a blockchain-based identity service) and Box Unpack (a solution for small and medium-sized distributors to set up content platform easily). The content creators are compensated using ContentBox's payout system where they are rewarded each time their content is consumed. Content consumers are rewarded with the BOX tokens according to their contribution.
ContentBox is developing a dedicated blockchain which will offer thousands of transactions per second, a higher level of privacy, and will enable micropayments. Once the mainnet is live all the ContentBox (BOX) tokens will be transferred to the ContentBox blockchain. The consensus mechanism is derived from proof of stake, named as Proof of Network Effect will be used for the transactions.
ContentBox is developed and governed under the ContentBox foundation Limited, a non-profit organization. The future plan is to transform the foundation into a totally software defined organization. The ContentBox was founded by an anonymous developed with codename "BOSS". The team consists of 15 members. There are 8 advisors including Tianfang Li, the founder of Hydro platform.
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