UFAN8: Entertainment As Life In Your Life

The live music streaming industry is booming but the industry is controlled by a handful of  corporations, music labels and networks of distribution. The artists represented by them are contracted to a select number of large booking agencies and venue owned and operated live events companies.

These few groups work to keep only their artists in the “public eye” through their multi-billion dollar industry reach, effectively locking out millions independent performers and artists from reaching potential fans and doing what they love to do for a living.

The UFAN8 is changing that by introducing live streaming broadcast network. UFAN8 want to give every independent artist and musician an equal opportunity to build their career and become a star. Only a microcosm of entertainers ever “make it” big, or at least big enough to be a full-time entertainer, we exist to give everyone a shot to do what they love for a living.

UFAN8 vision is to change the way that artists and musicians are discovered and pave a
new path to the ways they earn a living and earn support. By allowing the artists to connect directly to a wide-ranging and diverse audience of fans, and revolutionize the way music is created and consumed.

WHY WOULD A MUSICIAN STREAM?

Not only is it easy and fun, but streaming audio and video represents a compelling new social network to connect with friends and fans over a shared love of music and creativity in general. Artists and musicians can earn a living on UFAN8 based solely on their entertainment, talent and interaction with their audiences.

WHY ARE PEOPLE WATCHING AND LISTENING TO UFAN8?

Everyone loves music. Anyone that loves artistry. People enjoy watching highly skilled artists whom are talented and extremely entertaining when it involves a shared interest or genre. UFAN8 is an honest means of music and creative discovery proven to influence decision to support an artist.
UFAN8 is more than a spectator experience; it is live social video that relies on audio and a real-time chat to enable artists and their audiences to interact about everything from music itself, to pop culture to life in general.

WHAT WILL PEOPLE BE WATCHING AND LISTENING TO?

Pick any genre of music, pick any form of art and outlet of creativity. That is who people will
find on UFAN8. The greatest asset of UFAN8 is it’s diversity of offerings that will cater to any
audience and help them to discover and support artists from around the world.

HOW WILL MUSICIANS AND ARTISTS EARN INCOME?

While anyone will be able to stream and share their skills, the best and most engaging artists can apply to be invited to become a UFAN8 partner. Partners make up an exclusive group of the world’s most talented independent musicians, personalities, virtual venues, and talent showcases. If you think you have what it takes to be a UFAN8 Partner, you just have to send in an application and we will review your stream and music to approve partnership to earn a real income from your fans.

As a UFAN8 Partner, you will receive access to features like:

• Monetizing Your Content: As you use UFAN8 to grow your fanbase, you’ll also earn a share of the revenue generated from your channel! Partners can determine the length and frequency of mid-roll advertisements through their dashboards.

• Channel Subscriptions: UFAN8 Partners can earn even more revenue through channel subscriptions. If you choose to enable this feature, viewers and fans can support you by purchasing a monthly subscription to your channel in exchange for access to special perks such as:

• Custom Chat Badges

• Custom Emoticons that you can create and upload

• Access to Subscriber-Only Chat Mode

• Exclusion from Slow Chat Mode

• Unrestricted Access to Broadcast Archives

• Unrestricted Access to Artist’s Discography and Audio Uploads

• Unrestricted Access to Video Quality

• Ad-Free Viewing Experience

• Video Transcodes: UFAN8 Partners will always have access to quality options for their channel. Quality options allow viewers to select the video quality that best suits theirinternet speeds.

• Cheering/Tipping: A revenue driving way for viewers to show you their unwavering support and celebrate the moments they love during your broadcasts shared in the chatroom. 

UFAN8 is a Fan Economy Platform (FEP), a LIVE performance platform combining aspects of YouTube, Pop Idol, Twitch, MCNs, YouTube Stars, Music and Performances. UFAN8 allows Performers to showcase themselves in real-time, LIVE for the world to view. This is done over the Web and Mobile. One Performers can broadcast themselves to thousands of simultaneous viewers using our FEP platform. In turn, our commerce component, explained below, allows the easy and free exchange of commerce of virtual and real-world items. All the while, UFAN8 takes 40-50% commission. LIVE video is the future and UFAN8 is a platform that can be distributed in multiple countries providing Social TV at each point.

• UFAN8 is all about THE FAN ECONOMY: a community of fans, with strong affinity for a brand, cultivated and invested by a brand that eventually drives business value:

• Establish a Fan centric eco-system

• Build a social brand

• Unleash Fans Value

We know this will transfer to the West in big numbers because of the success of LIVE TV, YouTube Stars and MCNs.
This is working in China and Indonesia: YY.com does $750,000,000+ in revenue. Some spending 25% of their income on this.

THE TECHNOLOGY

UFAN8 is supported by a comprehensive Backend content delivery network, end-to-end solution that seamlessly integrates its primary front-end enabling technologies, namely the UFAN8 webapp, the UFAN8 mobile apps, and its proprietary broadcaster dashboard.
 

The technologies UFAN8 employs to achieve this include these listed here:
Front-End 

• CSS

• jQuery

• PostgreSQL

• HTML

• Python/Django

• Bootstrap

• Amazon AWS

• AWS (Ec2, Ses, Sqs, Auto Scaling Groups, Elb, S3, Cloud Front)

• ARM – The UFAN8 Audience Relationship Manager (ARM) is a self-serve tracking and management platform that enables our performers (and brands) to create their performance rooms and track them according to groups, and location.

Back-End 

• Streaming

• Wowza Streaming Server - Server that receives live streams from broadcasters and distributes streams to viewers Billing

• Paypal

• Persistence

• PubNub

• PostgreSQL - Relational database for saving data across the platform

• Hosting

• Amazon Web Services - Provides the infrastructure necessary to to build a reliable and scalable system.

UFAN8 ONLINE COIN

UFAN8 is a token issued with an Etherium smart contract. 350,000,000 will be created in the token sale. There will be no further Tokens created after completion of the project and all undistributed Tokens will be burned.

The project was bootstrapped with $500,000 of the founder’s own savings. The funds were used to produce an MVP and to build the initial database of performers.

UFAN8 is an ERC20 compliant Token and gives the holder rights to claim quarterly
dividends based on net profits of the Live shows at UFAN8.com 100% of Live show room post tax profits will be distributed quarterly in ETH to all holders of UFAN8 (the company also receives dividend from the UFAN8 is holds). 

We will release quarterly account statements to UFAN8 holders. UFAN8 can be held in our own wallet or ERC20 compatible Ethereum wallets such as MyEtherWallet or Mist. UFAN8 will sell at the set price of $1USD with discounted stages for early adopters. Users can buy, sell, trade UFAN8 tokens on cryptocurrency exchanges. 

Please see below for the token sale schedule:

• Phase 1 40m @ 0.10USD

• Phase 2 20m @ 0.75USD

• Phase 3 10m @ 1.00 USD

SMART CONTRACTS

The UFAN8 Token is accompanied by a group of Smart Contracts deployed as a layer of Dapps written in Solidity using EVM (Ethereum Virtual Machine) bytecode. Dapps will be implemented using the Truffle Dapps Framework and will be stored statically with IFPS.
HTML, CSS and JavaScript in the Presentation Layer and UX supporting the web apps to integrate white label crypto Wallet functionality. Contract Logic - Smart Contracts using Solidity.
 

Stages:

•  Implement high level Smart Contracts using Solidity

• Implement web interface using CSS, HTML and JavaScript

• Use Web3 JavaScript API to interact with Smart Contracts

• Dapps build -Smart Contract logic layers

• Deploy from UFAN8 Ethereum Node (testnet)

Service Dapps making changes to logic It is intended UFAN8 will deploy a full Ethereum Node from which to test and deploy Smart Contracts.

UFAN8 token smart contract components made before ICO (for token distribution):
Implement ERC20 token standard in smart contract UFAN8 token buyers will transfer respective amount of ether to smart-contract address The Smart contract on acceptance of the Ether transfers respective amount of token to the UFAN8 token purchaser. The Transfer function of ERC20 standards is used in our contract to transfer respective amount of tokens for that particular ether received at the smart contract address A UFAN8 token holder can transfer his/her to token to another address through the transfer function in contract Mapping of all the token holder addresses is a function of the smart contract which gives us the ability to pay dividends to holders of UFAN8 wherever the token travels UFAN8 token smart contract made after ICO: (Dividend distribution to UFAN8 token holders) The Smart Contract contains a fallback function which comes into effect when rasputinonline.com transfers the distributable profits in Ether to Smart Contract addresses. The Smart Contract has a second function which accounts for multiple UFAN8 tokens being held at one address, this function allows holders of multiple UFAN8 tokens to receive l dividend payment rather than l payment per UFAN8 token that they hold. This will save on the mining fee Profit is divided among numbers of account addresses pursuing tokens and paid via payable function implemented in smart contract Within the Smart Contract function exists to transfer profit as Ether to respective token holders address(payable) Profit will be calculated per whole token at the holders address UFAN8 token holders can check their dividend payment amount through a checks functions Block Schedule module of Ethereum will be implemented to prevent any double payments.

ICO GOALS

Every 100,000 UFAN8 tokens sold in the crowd sale we will be able to build our our final product. Each live show room generates revenue from paying customers and dividends will be distributed quarterly to UFAN8 holders on profits made on each live show room. We have already built three Live Show rooms in Phase 1 and our target is to raise the required funds to build Phase 2 which will have thirty Live Show rooms

ICO EMISSIONS & PRICES

• 350 Million tokens will be created

• 70 Million distributed in crowd sale

• 100 Million retained by the company

• 110 Million in Reserve

• 10 Million distributed to Management & Development team and Advisors

• 60 Million retained by Facilitator

USE OF PROCEEDS FROM THE TOKEN SALE

• 30m UFAN8 tokens will be used to build our relationships with Promoters in he Field. The tokens will be used as affiliate currency to bring in promoters highliting UFAN8 and bringing in performers and viewers.

• 10m UFAN8 tokens will be used to build the Corporate Board Completion UFAN8 will build out the rest of its corporate advisory board. The balance will go toward for other general corporate purposes and infrastructure including working capital needs, potential acquisitions, partnerships, alliances and licensing opportunities.

• 30m UFAN8 tokens for Production: and Monthly Marketing. We will be expanding our development team and hiring new blockchain specialists. We plan to use smart contracts as often as possible to pay suppliers and staff throughout the life of the project and eventually plan to process all transactions on the website on blockchain.

• 10m UFAN8 tokens for Distribution & Management build out. And Legal buildout - We will be building out our distribution footprint during this spend. Our management team will be rounded out. Also the legal backing and copyright part of our business will be expanded.

Our Team

Sean Malatesta

Founder

---

Sean Malatesta is a global, results-focused and dynamic leader with a career showcased by a track record in exceptional sales and marketing contributions. His background is in videogames, movies and Hollywood. A relationship savvy executive with a keen ability to quickly access, and respond to client needs. A proven 20 year track-record building strategic relationships, identifying and executing on new business opportunities to maximizing revenue, and selling in ideas and negotiating deals with top decision makers.

Seamus Blackley

Digital and Video Game Advisor

---

Seamus Blackley is an American video game designer and former agent with Creative Artists Agency representing video game creators.

Pratiti Bhatia

Marketing and Business Development Manager

---

Pratiti has 12+ years of experience in Product Management and Business Development in the Digital Entertainment Industry. She has excelled her skills while working with several companies including The Walt Disney Company India. Her skills include managing products across life cycle (Ideation to Release), publishing content globally, developing new revenue streams and relationship management. She has experience working with stakeholders and across functional units. She also possesses good knowledge of marketing and executing user acquisition campaigns across online promotional vehicles. She has managed various branded titles including Bruce Lee Dragon Warrior, BioShock, Ra-One Genesis, IPL T20 Fever and others.

T. Berry

Music Advisor

---

T.Berry has worked with such notables as, PitBull, Rick Ross, Trick Daddy, Plies, Mystikal, Kirko Bangz, Jim Jonsin, MTV, BET, and Bravo TV.

Josh Stein

Operations Advisor

---

Josh Stein is a senior operations executive with proven expertise in building teams, selling brands, and launching new products with a keen eye on revenue and ROI.

Chris Gunn

Business Advisor

---

Chris Gunn is a digital media executive whose entrepreneurial instincts and keen vision have carried multiple companies through rapid and continuous growth. With a keen focus on revenue and ROI, he is passionate about driving business by first creating strong and lasting human relationships leading to mutually beneficial partnerships.

Official Links for More Details

Website : http://www.ufan8.io/
Whitepaper : http://www.ufan8.io/wp-content/uploads/2018/02/UFan8-ICO-Whitepaper-3.2.1.pdf
Telegram channel : https://t.me/UFan8
Facebook : https://www.facebook.com/UFan8
Twitter : https://twitter.com/ufan8tweets?lang=en

Author: black Vario

My Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1624712