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, LINO, and LINO Stake
- Lemon is a token on the Lino Blockchain created by DLive that can be transacted within DLive at $0.012 US Dollars. 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.
- LINO is a decentralized cryptocurrency representing the fundamental unit of value of the Lino Blockchain. Everyone can earn LINO from Content Rewards and Voting Rewards (see below).
- LINO Stake – You can stake in your LINO and receive LINO Stake. Lino Stake Holders are eligible to elect validators, the supernodes that maintain the integrity of transactions on the Lino Blockchain, vote for future blockchain updates, and receive voting rewards.
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. 90.1% of each subscription and gift in Lemon will go to your wallet directly, and 9.9% will go to a pool that rewards people with LINO Stake for their contributions to the network on a daily basis.
No cuts is a good starting point but it wasn’t enough for our content creators. That’s why we introduced the Content Rewards.
On top of what you have earned from gifts and subscriptions, you will receive Content Rewards in LINO 7 days after your stream is completed. The Content Rewards are based on the number and reputation of people who have donated to your stream, as well as how your stream ranks for overall contributions in comparison to other streams in the same period of time.
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 they are 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 functionalities by Staking in LINO and earn Voting Rewards for the contributions, every day.
If you stake in your LINO into LINO Stake, you will be able to participate in guiding the direction of the platform such as blockchain development and governance decisions, receive Voting Rewards for participation and unlock premium services on DLive. For instance, users who stake in their LINO will be able to participate in daily questionnaires and vote on decisions relating to the network and receive rewards for their participation (paid out in LINO daily from the 9.9% of all gifts and paid subscriptions).
How is all this possible? How does DLive make a profit?
DLive is built on the Lino blockchain, a decentralized value-sharing content economy, which creates new LINO daily. The amount of new LINO is designed to be 6.5% annually and is calculated based on network consumption. These LINO are then distributed to application developers, like DLive, validators, and content creators. This mechanism is the reason why DLive can sustainably give back to the users of the platform and focus on building a rewarding and engaging community.
Generating a profit is not DLive’s primary goal at this time. There are various ways of generating income to ensure that the platform is sustainable. DLive, as a developer utilizing the Lino blockchain, will be compensated as an app developer via Lino App Rewards. Other potential sources of income include providing premium services and adding advertising opportunities on the platform. DLive’s current focus is on user growth and the development of a strong community.
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