Welcome to DLive
My name is Charles Wayn, the founder and CEO of DLive. On behalf of the DLive team, we invite you to read this welcome letter so that you can better understand what DLive is, why we are building this platform that is different from other live streaming platforms and why you should join our amazing community.
The Mission of DLive
Most of us started creating or watching content on YouTube or Twitch. As content creators, we work hard to entertain and bring our ideas to life. We’ve contributed for years and witnessed traditional platforms grow from their infancies into billion-dollar companies. However, what have we received in return? Higher monetization bars, unfair content promotion, and fewer earnings because of increased platform fees.
The mission of DLive is to create a value sharing live streaming platform that empowers creators and viewers through a revolutionary rewards system.
At DLive, we are changing the whole game by putting platform ownership in the hands of the users through blockchain technology. The users of DLive are the ones that are rewarded for their contributions as the platform grows. It doesn’t matter if you are a content creator or viewer, your contributions are valued. Unlike traditional platforms, DLive takes absolutely zero platform cuts from users’ donations and subscriptions. Instead, the economic system has been designed to revolutionize revenue distribution by rewarding the community for their contributions rather than a corporation.
The Basics: Lemon, BTT, and BTT Stake
- Lemon is a virtual reward point system created by DLive that can be transacted within DLive at $0.012 US Dollars unit price. Lemon can only be used within DLive for donations to content creators, and cannot be otherwise transferred within or outside the DLive platform. Content creators who have received donations and paid subscriptions in Lemons can elect to get paid per DLive’s terms of service.
- BTT is a decentralized cryptocurrency to reward users in the BitTorrent ecosystem. Everyone can earn BTT Staking rewards (see below).
- BTT Stake – You can stake in your BTT and receive BTT Stake. BTT Stake Holders are eligible to receive Staking Rewards for participating in the growth of the DLive community.
With your help, we are changing the status quo of live streaming for both content creators and viewers, here is how.
DLive has, and will always have zero cuts.
When you stream on DLive, the platform doesn’t take any of your earnings, whether that’s a recurring subscription or a one-time gift, compared to traditional platforms that take roughly 50%. That is never going to change. 75% of each subscription and gift in Lemon will go to your wallet directly, and 25% will go to a pool that rewards people with BTT Stake for their contributions to the network on a daily basis.
You deserve to be rewarded as a viewer.
Viewer engagement is essential to any content-sharing platform; however, traditional platforms have been ignoring viewers’ contributions while making tons of money from viewers’ engagement. Conversely, DLive, not only appreciates viewer involvement but also directly rewards viewers for watching, chatting, gifting and sharing content. Learn more about the Engagement Bonus here.
On top of everything mentioned above, you can gain access to additional rewards by staking in BTT and earn Staking Rewards for the contributions, every day.
If you stake in your BTT into BTT Stake, you will be able to receive Staking Rewards (paid out in BTT daily from the 25% of all gifts and paid subscriptions) for participation and unlock premium services on DLive.
How is all this possible? How does DLive make a profit?
Generating a profit is not DLive’s primary goal at this time, however we do generate revenue from digital advertisements on the site as well as sponsorships from external publishers and companies. There are also various other ways of generating income to ensure that the platform is sustainable. Other potential sources of income include providing premium services and adding video advertising opportunities on the platform. DLive’s current focus is on user growth and the development of a strong community and we believe this focus is more important than ruining the experience of DLive.
The goal of DLive at this time is not to turn a profit but rather focusing on user growth; this is not uncommon in the tech industry, for example, many tech companies are not profitable in its early stages.
Does all this sound good?
Well, this letter only scratches the surface of what DLive has to offer. The community that has developed on the platform is one of excitement, joy, belonging, and support. The team has put together a video to give you a glimpse of all that goes on inside the community, and to give you an idea of what it’s like on DLive.
We hope that you will be proud to call DLive your home. On DLive, we are growing together.
Founder & CEO of DLive