Cytecoin (CTC) ICO Review – ICO Token News
The rapid development of virtual reality in 2015 and 2016 has led an explosive growth of AR/VR/360 contents that include games, photos, and videos. While game startups and hardware manufacturers focusing on the entertainment market, the real burgeoning market has yet to become the next growth driver . Companies of all sizes are seeking various ways to take advantage of the VR technology to add value to their businesses, brands, products and services. The WOW factor of the immersive VR experience has triggered limitless possibilities in terms of story telling, user experience, and brand building . Major companies are finding VR as a tool to engage with their customers in tradeshows, exhibitions, private and public events with great success. CyteCoin is the only solution on the market that empowers brands, content producers, vent organizers, advertisers, KOLs, audiences, sponsors, and merchants to capitalize in AR/VR/360.
CyteCoin is designed to decentralizing the buying, selling, and rewarding of viewing in VR by removing the intermediaries out of the equation. This is accomplished by using CyteCoin Smart Contracts. An advertiser can use CyteCoin via a smart contract associated with the target content and its ICO token. This content is now active, or “live, which means content producers, viewers, and influencers can engage with that advertiser through the smart contract and be rewarded with CyteCoin for driving attention to that content. Every ad view, click, and reward that happens is communicated to the CyteCoin Smart Contract through VirtualCyte. The CyteCoin Smart Contract will then autonomously distribute CyteCoin to the users participating in that engagement. By utilizing smart contract, a publicly verifiable blockchain, and trusted, can directly disintermediate the “trade” of attention. It enables advertisers to execute ad campaigns by directly rewarding the content producers, services providers, and influencers of attention instead of going through an agent. Advertisers can target their smart contract to a much wider genre of content or even one specific media item. Advertisers choose the budget of their campaign by committing the exact number of CyteCoin that they want to be dispersed. Advertisers can also set custom conditions for the smart contract, e.g. 1 CyteCoin rewarded per ad click or 5 CyteCoin rewarded per ad click. This supports a transparent, competitive marketplace, where participants compete for the highest rewarding smart contract. Advertisers can then visibly aim for low -cost, or suitable and effective cost campaigns. This provides a reward opportunity for all participants. Check ICO ratings to know about the current ICOs and get the knowledge about how to invest in ICOs.
CyteCoin API Can Be Used Anywhere
In addition to be measured and monetized in any AR/VR/360 content, CyteCoin API and wallet allows all stakeholders (advertisers, event organizers, content producers, influencers, audiences, merchants) to integrate the CyteCoin API into content that they are either buying the ad space, receiving the compensation, or rewarding the audience. This feature is critical in measuring the performance of ad campaign and make adjustments to achieve optimal result.
CyteCoin in an AR App
Furthermore, CyteCoin will offer additional API to integrate 3 party AR app and reward users when activate AR function in front of a merchant’s retail shop. When gazing the main entrance over a specified duration of time or treasure hunt of a specific item inside the shop the merchant will reward user with a CyteCoin. The collected CyteCoin can apply as a discount for immediate purchase or save it for the next visit.
First Adopter : VirtualCyte
Decentralization makes business sense in theory, but are often faced hurdles and challenges along the way when applied to the real world . Without an anchored early adopter to champion the new concept, it can be extremely difficult to generate significant traction and compete with established players on the market. VirtualCyte is the first -mover and the anchored user of CyteCoin, and already signed up strategic partnership with key players in their respective fields. These partners will form an integra part of the AR/VR/360 advertising ecosystem, and be accelerating the growth of CyteCoin adoption throughout the marketplace. CyteCoin is intended to launch a model that incentivizes these partners by paying them CyteCoin. Likewise, good content without a substantial audience traffic is meaningless to advertisers, CyteCoin is, therefore, will launch an aggressive scheme that incentivize audiences to experience content by paying them in CyteCoin to build a near-term audience reach.
A spin off company of JetOne Motion (Hong Kong) Limited that engaged in providing an end to-end advertising platform for event organizers, KOLs, content producers, cash sponsors, noncash sponsors, and merchants. VirtualCyte is the first-mover in AR/VR/360 advertising industry offering cutting-edge object embedding technology that is capable of embedding any object within any content from logo, 3D object, tagline, banner, or pre-roll video. Furthermore, VirtualCyte has also developed a proprietary object-tracking technology that allows precise track and trace of objects within the content. As the result, advertisers are able to see their ad campaign performance down to object level making VirtualCyte the most complete AR/VR/360 advertising platform on the market. Furthermore, the collective object tracking data could be used for user behavior study and big data analytics. Knowing that a company cannot take off without a sound and robust business model.
- Peter YuFounder | CEO
- Kevin ChanCo-Founder | COO
- Thomson LeeChief Marketing Officer
- Tree YipBlockchain Architect
- Dr. Philippe GerardChief Creative Officer
- Lucas LeiPresident, Strategic Development
- John LawHead of Application Development
- Fion CheungCommunity Manager
- Dean HeadEntertainment & Movie Advisor
- 12018 Q3
Aggregate more content through partnerships;
Sign up new international events and event organizers;
Sign up influencers and celebrities;
Expand into other territories, such as Macau and Korea;
Develop new VirtualCyte VR/360 mobile app.
- 22018 Q4
Official CyteCoin Token crowdsale will be held on 7 Jun, 2018;
Launch Alpha version of VirtualCyte VR/360 mobile app;
Develop Smart Contracts apps;
Expand into other countries in Asia Pacific region, such as Singapore and Taiwan.
- 32019 Q1
Add mobile object-tracking features on VR/360 mobile app;
Develop AR mobile functionalities;
Develop online ad campaign dashboard for advertisers;
Sign up new business partners and merchants;
Launch VirtualCyte mobile app V1.0.
- 42019 Q2
Beta test CyteCoin token protocol with selected stakeholders - advertiser, sponsor, influencer, content producer, merchant, business partner, and audience;
Aggregate more traffic through online advertising;
Expand into other countries through direct presence or JV;
Beta test VirtualCyte mobile app V2.0.