MyTVchain [New]: The #Fan2Earn Experience

What is MyTVchain [New]

Friends, imagine if you are a sports enthusiast, or you support a niche sports club or athlete whose exciting moments and hard work rarely get public attention and struggle to receive enough financial support. MyTVchain [New] (MYTV for short) is like a tailor-made “decentralized sports TV station” and “fan interaction paradise” for them.

Simply put, MyTVchain is a sports content platform based on blockchain technology. It allows sports clubs, athletes, and even sports event organizers to have their own dedicated “Web TV.” On this platform, they can freely publish their match videos, training routines, behind-the-scenes footage, and more, without being restricted by traditional media. Even cooler, fans can not only watch these contents for free, but also support their favorite athletes and clubs through various interactive ways, such as watching videos, sharing content, participating in games, and even purchasing athletes’ digital collectibles (NFTs), while earning MYTV tokens as rewards. It’s a brand-new experience of “earning while watching games, supporting idols with returns,” which they call the “Fan2Earn” model.

• Content Publishing and Viewing:
  Sports content creators (clubs, athletes) can easily upload and manage their video content, while fans can watch on the platform.
• NFT Digital Collectibles:
  Athletes can issue their own exclusive NFTs, which may include exclusive content, memorabilia, or reward mechanisms linked to athlete performance, allowing fans to collect and benefit from them.
• Interaction and Rewards:
  Fans earn MYTV token rewards by watching, sharing, participating in challenges, etc., forming a positive interactive ecosystem.
• Decentralized Finance (DeFi) Integration:
  The platform also offers staking and liquidity mining features, allowing token holders to earn returns by participating in DeFi activities.

Project Vision and Value Proposition

MyTVchain’s vision is to fundamentally change the way content is created, distributed, and monetized in the sports industry, making the sports world fairer and more direct.

• Insufficient Funding for Athletes and Clubs:
  Many non-professional athletes and small clubs lack media exposure and sponsorship, making it difficult to obtain financial support to develop their careers. The monopoly of traditional media means most value is captured by intermediaries.
• Lack of Content Control:
  In traditional models, content creators (athletes, clubs) often cannot fully control their content copyrights and advertising revenue.
• Low Fan Engagement:
  Interaction between fans and idols is often one-way, lacking deep participation and direct support channels.

MyTVchain brings several core values to the sports world through blockchain technology:

• Empowering Content Creators:
  Athletes and clubs can own and directly monetize their content without intermediaries, thus earning more income.
• Enhancing Fan Experience:
  Provides fans with an unprecedented digital sports experience, allowing them to support their favorite athletes more deeply and receive rewards through the “Fan2Earn” model.
• Building a Fair Ecosystem:
  Establishes a decentralized, autonomous, and healthy ecosystem where athletes and fans can communicate directly, bringing value back to those who truly create and love sports.

MyTVchain combines Web TV, NFT marketplace, and DeFi (decentralized finance), focusing on the sports sector to create a unique “Fan2Earn” experience. It’s not just a video platform, but a comprehensive sports ecosystem integrating digital collectibles, gamification, and financial incentives.

Technical Features

Technically, MyTVchain integrates the advantages of traditional internet video transmission with blockchain’s decentralized features, aiming to provide an efficient, stable, and user-friendly platform.

• Blockchain Foundation:
  Initially, MyTVchain’s token was based on Ethereum’s ERC-20 standard. To address Ethereum’s high transaction fees and slower speeds, the project later migrated to Binance Smart Chain (BSC), adopting the BEP-20 standard. BSC offers faster transactions and lower fees, which is crucial for platforms requiring frequent microtransactions and interactions.
• Decentralized Video System:
  Imagine when we watch videos, the content is stored on centralized servers. MyTVchain aims to use a “decentralized video system” that combines content delivery networks (CDN) and peer-to-peer (P2P) technology. This means users worldwide can contribute unused storage and bandwidth on their devices, collectively forming a massive video storage and distribution network. This not only reduces platform operating costs but also improves video transmission efficiency and censorship resistance.
• Hybrid Distributed Architecture:
  MyTVchain’s technology is a hybrid distributed system, combining CDN and P2P systems with the WebRTC protocol. WebRTC allows browsers to communicate directly in real time, helping achieve smoother live and on-demand video streaming.
• Masternodes:
  To ensure stable network operation and effective video content distribution, MyTVchain introduces a masternode mechanism. Users holding a certain amount of MYTV tokens can run masternodes, providing bandwidth and storage services to the network and earning token rewards. These are like the “backbone” of the network, ensuring smooth video transmission.
• Scalability:
  The platform was designed with scalability in mind, using flexible architecture and databases, and supporting API interfaces for future integration of live chat, social media, and more services.

Tokenomics

The MYTV token is the core of the MyTVchain ecosystem. It’s not just a digital currency, but the “fuel” connecting fans, athletes, and platform functions.

• Token Symbol:
  MYTV
• Issuing Chain:
  Binance Smart Chain (BEP-20 standard)
• Total Supply:
  390,000,000 MYTV
• Issuance Mechanism and Inflation/Burn:
  The total supply of MYTV tokens is fixed. To maintain token value, MyTVchain has designed a deflationary mechanism, where a small amount of MYTV tokens are burned in each transaction, reducing circulating supply.
• Token Utility:
  • Transactions and Payments:
    Purchase athletes’ digital collectibles in the NFT marketplace.
  • Staking and Mining:
    Holders can stake MYTV tokens or participate in liquidity mining to earn passive income.
  • Masternodes:
    Run masternodes to provide bandwidth and storage services and receive rewards.
  • Governance:
    MYTV token holders can participate in community governance, voting on key project operations and market decisions, such as how to allocate funds to support amateur sports projects.
  • Reward Mechanism:
    Fans earn MYTV token rewards through interactive actions like watching videos, sharing content, and participating in challenges (Watch2Earn).
  • Supporting Athletes:
    Fans can donate tokens to their supported athletes or clubs, or purchase exclusive services.
• Token Allocation (Percentage of Total Supply):
  • Reserve:
    71.26% (277,914,000 MYTV), managed by staking and mining contracts, gradually released to reward users.
  • MyTV Team:
    9.12% (35,568,000 MYTV), with a vesting schedule, e.g., 10% unlocked after 24 months, then 30% unlocked every six months.
  • Advisors:
    4.62% (18,000,000 MYTV), with a vesting schedule, e.g., 20% unlocked after 24 months, then 10% unlocked monthly.
  • Ambassadors/Marketing:
    5.38% (21,000,000 MYTV), managed by the MyTV team.
  • ERC-20 Holders:
    3.48% (13,572,000 MYTV), 10% unlocked at Token Generation Event (TGE), 1% unlocked daily after 30 days.
  • Fundraising:
    5.13% (20,000,000 MYTV), including private and public sales.
  • Liquidity Providing:
    1% (3,900,000 MYTV), managed by GSR (liquidity provider).

Team, Governance, and Funding

The success of a project depends on a strong team and clear governance structure. The MyTVchain team consists of professionals with extensive experience in blockchain, NFT, OTT (Over-The-Top, i.e., content delivered directly to users via the internet), and sports.

• Core Members:
  • Corneliu Fridgant:
    Founder.
  • François Le Page:
    Deputy CEO.
  • Junior Bouis:
    Co-founder and Sales Manager, experienced in sales management, partnerships, and sports tech consulting.
  • Florin Novac:
    Co-founder and Technical Manager, expert in cybersecurity, OTT, and blockchain.
  • The team also includes project managers, Chief Blockchain Officer, partnership leads, blockchain developers, and more roles.
• Team Features:
  Team members have deep expertise in their respective fields, especially in combining sports culture and blockchain technology.
• Governance Mechanism:
  MyTVchain is committed to decentralized governance. MYTV token holders have voting rights and can participate in key project operations and market decisions, such as how to allocate funds to support amateur sports projects. This ensures the community has a voice in project development.
• Funding:
  The project raises funds through private and public sales. For example, private sales were held in 2020 and 2021, and a public sale in Q1 2022.

Roadmap

The MyTVchain roadmap shows the project’s planning from early development to future vision, serving as a multi-year blueprint to gradually increase ecosystem robustness and usability.

Historical Key Milestones:

• October 2018:
  mytvchain.com platform launched, allowing sports clubs to create Web TV and manage content.
• 2020:
  Functional Web TV created, covering over 700 clubs in more than 50 countries. Partnership established with Just Mining.
• Q1/Q2 2021:
  Covered over 850 clubs in more than 56 countries, with 5 million viewers and over 100 matches broadcast weekly.
• Q3/Q4 2021:
  New “Fan2Earn” vision formulated, market architecture, design, and branding developed, market smart contracts developed and audited. Partnerships established with House Of Chimera, etc.
• July 2021:
  Announced migration from Ethereum to Binance Smart Chain (BSC) to reduce fees and increase speed.
• Q1 2022 (Breakout Period):
  Public sale conducted, blockchain migration to Binance Smart Chain (BEP-20) completed, listed on Pancake Swap, NFT marketplace launched, staking and mining dashboard released, Fan2Earn V1 officially launched.
• Q2/Q3 2022 (Acceleration Period):
  Listed on centralized exchanges, developed MyTVchain 2.0, integrated token into mytvchain.com, launched masternodes and governance dashboard.
• Q4 2022 (Peak Speed Period):
  Launched Fan2Earn V2, where NFT card value increases with athlete performance, and introduced challenges to earn tokens through specific actions. Promoted athlete onboarding in Europe and developed international clubs/federations.

Future Key Plans:

• 2023:
  Launch Fan2Earn V3, build a complete and authentic sports gaming ecosystem, and begin international deployment.
• 2024 and Beyond:
  Launch Fan2Earn V4, aiming to help over 1,000 athletes worldwide monetize content and activate their communities, empower over 200 million fans to enjoy sports passion, and possibly participate in Olympic-related activities.

Common Risk Reminders

Friends, although MyTVchain sounds attractive, any blockchain project comes with risks. It’s important to understand these risks before considering participation. Please note, the following is not investment advice.

• Market Volatility Risk:
  The cryptocurrency market is known for its volatility. The price of MYTV tokens may be affected by market sentiment, macroeconomic factors, regulatory changes, and more, possibly experiencing significant rises or falls.
• Technical and Security Risks:
  • Smart Contract Vulnerabilities:
    Although the project claims to have conducted smart contract audits, undiscovered vulnerabilities may still exist, potentially leading to fund loss.
  • Platform Operation Risk:
    As a video platform, MyTVchain needs to handle large amounts of video streams and user data. If technical architecture issues arise or the platform suffers cyberattacks, it may affect stability and user experience.
  • Degree of Decentralization:
    Although the project emphasizes decentralization, the actual degree, masternode distribution, and core team control may affect censorship resistance and security.
• Economic Risks:
  • Token Adoption and Demand:
    The value of MYTV tokens largely depends on their actual application and user demand within the ecosystem. If the project fails to attract enough athletes, clubs, and fans, or if token use cases do not become widespread as expected, its value may be affected.
  • Intense Competition:
    The sports content and NFT market is highly competitive, and MyTVchain needs continuous innovation to stay competitive.
  • Liquidity Risk:
    If MYTV tokens have insufficient trading volume in the market, it may lead to poor liquidity, making it difficult for users to buy or sell tokens.
• Compliance and Operational Risks:
  • Regulatory Uncertainty:
    Global regulations on cryptocurrencies and NFTs are still evolving. Any new regulations in the future may affect MyTVchain’s operations and token legality.
  • Content Copyright and Censorship:
    Although the project emphasizes content creator copyright ownership, in actual operation, handling copyright disputes, content censorship, and legal differences across countries/regions are potential challenges.
  • Team Execution:
    Roadmap implementation depends on team execution. If the team fails to deliver on schedule or project development falls short of expectations, it may affect community confidence.
• Early Project Risks:
  Although MyTVchain has been operating for some time, as a blockchain project, it may still face common early-stage risks such as market acceptance and technical maturity.

Verification Checklist

To gain a more comprehensive understanding of MyTVchain, you can further verify and research through the following channels:

• Block Explorer Contract Address:
  • BSCScan (BEP-20):
    0x8a68...4398C7 (Note: This address may be an example. Be sure to obtain the latest and accurate contract address from official sources for verification)
  • You can view MYTV token transaction records, holder distribution, total supply, etc. on BSCScan.
• GitHub Activity:
  Search for MyTVchain’s official GitHub repository to check code update frequency, number of contributors, and community activity, which reflects project development progress and transparency.
• Official Website:
  • mytvchain.io
  • mytvchain.com
  • Visit the official website for the latest project information, news, and announcements.
• Whitepaper/Research Reports:
  Carefully read the project’s whitepaper or research reports to understand its technical details, economic model, and future plans.
• Social Media and Community:
  Follow MyTVchain’s official accounts on Twitter, Telegram, Discord, etc. to learn about community discussions and project updates.
• Audit Reports:
  Look for smart contract audit reports to understand the security assessment results.

Project Summary

In summary, MyTVchain [New] is an ambitious blockchain project that seeks to build a new, decentralized platform for interaction and value exchange between sports content creators and fans by combining Web TV, NFT, and DeFi. It aims to solve the funding and exposure issues faced by athletes and clubs in traditional sports media, and provide fans with deeper and more rewarding participation through the “Fan2Earn” model.

The project’s migration from Ethereum to Binance Smart Chain demonstrates its focus on efficiency and cost. Its token, MYTV, plays multiple roles in the ecosystem, including payment, rewards, staking, and governance, and features a deflationary mechanism. The team members have professional backgrounds in relevant fields and have planned a detailed roadmap, from early platform construction to future global expansion and gamified ecosystem.

However, like all emerging blockchain projects, MyTVchain also faces risks such as market volatility, technical security, user adoption, fierce competition, and regulatory uncertainty. Its success will depend on its ability to continuously attract high-quality sports content creators and a large fan base, and effectively execute its technical and market strategies.

Please remember, the above information is only an introduction and analysis of the MyTVchain project and not investment advice. Before making any investment decisions, be sure to conduct your own in-depth research (DYOR - Do Your Own Research) and fully understand the risks involved.