Qravity Ico

May 21, 2018

Introduction: What is Qravity?

Qravity is a decentralized content production and distribution platform where creators own and profit from their work.

Qravity is a space where content producers and creators can collectively develop original monetizable digital content, including movies, music, games, e-books, and applications. Project founders split their projects into tasks, then, using smart contracts on the Ethereum blockchain, the platform automatically tracks progress, distributes stakes among participants, and makes content directly available to distributors and consumers. Blockchain technology keeps all transactions on the platform transparent in terms of revenue, product distribution, and profit sharing; it also prevents copyright and intellectual property infringement.

Our goal is to improve collaboration and help project founders and creative professionals overcome the challenges that hinder digital content projects. To achieve this goal, the Qravity platform is simplifying the development and distribution of unique content and making it fairer, and more rewarding, for those who create it.

How Qravity works

Business owners split their projects into tasks, and attribute a set amount of Qravity Project Tokens (QPT) to each task. These tokens represent stakes in a project and are only used internally. Immediately after a content creator completes a task, smart contracts automatically send the QPT allocated to that task to the creator’s wallet.

Upon project completion, whenever a distributor or consumer buys or rents the resulting content, the project founder, and content creators automatically receive a share of the revenue in Qravity’s cryptocurrency, QCO. The amount of QCO each project team member receives corresponds with their stakes in the project, i.e., the amount of QPT they earned for their work. QCO holders can use their tokens to purchase content through the Qravity marketplace; they can also trade their QCO on exchanges.

Why you should join the token sale

The Qravity platform provides project founders with an efficient means of managing distributed teams, easing collaboration and providing content creators with a continuous revenue stream from every project they help complete. Similar existing tools are limited and inefficient.

We expect that the QCO token will strengthen as the platform becomes fully operational and more content creators and project founders join in. As the cryptocurrency of the Qravity ecosystem, QCO holders can use their tokens to purchase content on the platform or license the content they wish to distribute.