Bitcoin Forum

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FREQUENTLY ASKED QUESTIONS
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13141516171819202122232425262728293031323334 Is The RHOVIT Platform Built On Blockchain RHOVIT is a hybrid cloud and blockchain platform. Content is stored and distributed through the cloud while the RBIT token runs on the NEM blockchain.

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13141516171819202122232425262728293031323334 What Is The Difference Between An Rbit Token and and Points? Rbits are Mosaic Tokens built atop the NEM platform and as such their value may fluctuate. There is also a limited number of Rbits that can be distributed a year, making them more scarce then a Points. Points are RHOVIT’S in-platform currency that have a set value of $.005. They are only used to view and purchase content. There is also no limit to the amount of Points that can be “Created”.

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13141516171819202122232425262728293031323334 What Is The Purpose Of The Rbit Token? Rbits are used by providers and advertisers on RHOVIT to promote content and incentivize social sharing. They also provide backing to distribute Points to users.

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13141516171819202122232425262728293031323334 Can Users Us  Rbits On The Platform? RBITs can be used to purchase digital goods such as emoji packs, digital stickers and more. NFT's COMING SOON!

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13141516171819202122232425262728293031323334 Will Rbits Be Able To Be Exchanged Off Site? Our focus right now is on the platform and the RBITS use within it. Once we build up our user base we will list the token.

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13141516171819202122232425262728293031323334 How Does the Referral Progam Work? Simple. Sign up for an account. Under BONUS EARNINGS you will find your unique referral code. Send to friends, share on social media - each person who signs up and unlocks just 1 piece of content earns you and them tokens! Level 1 Earnings right now! .

Great project. Best of luck :)

Looks like an interesting project - the way you're setting up the ecosystem with two different currencies has promise. Look forward to seeing this one.

I cannot see the information about your team member and advisor above? I think it is better to display them, people wants to know who are the people initiating this project. And do you have set up a plan for promotion of this project? Bounty program maybe a good choice for promotion plan.  :)     

Thanks for pointing out the missing team. We actually have a strong team/advisory board...We've already done a couple of bounties. Right now we are focused on the sale and signing up content creators.

Well. I have visited the website, and now I know about your team. They look good and strong as you said. hmm, so a couple of bounties have done. That's OK. I hope RHOVIT project will develop more and more. Good luck.  :)   

RHOVIT is a splendid space that creates a great opportunity for the creative people. Really it is doing great.

How they do maintains transparency while giving full control to the Providers?

They make the Users more valuable and make them realized so that they can do more contribution to the community.

It makes a great place for working together for the Providers and The Advertisers. They can choose their advertising promotional campaigns.

How do they make their digital distribution platform’s ecosystem more efficient?

there is already buzz show. they have the same project. one project is enough. at the moment it's not good to start an ico. you don't get any money.  ;D and do you have an escrow service so you don't run away with the money?

They are regularly improving their ecosystem to be more artistic so that it can have continuation with the circular economy.

We really think it is a revolutionary step after observing its developing tendency and dedication to its mission.

It is amazingly solving the challenges faced by the content creators whether they are big or small.

Advertisers will be able to set up their own ad accounts on the platform. All ads watched will be verified with both users and providers earning Rbit tokens for them.

Thanks. We spend a lot time designing the system to make sure it worked for everyone.

We have a great line up of Advisors in the entertainment space who are making connections for us. Right now we are concentrated on the Creators i.e YouTubers and were fortunate enough to just sign on Phil Ranta to the team. He is the current head of Creators at Mobcrush and was formerly at Fullscreen and Studio 71.

We will announce partnerships with Creators as they become official.

In what process do they complete the distribution process among the Content Providers and Users?

It has brought radical changes in the creative sector. With digitalization it has become very popular.

As being blockchain based technology this platform is a very secured and transparent space that ensures its Providers and Users privacy.

That is fantastic that beside the Providers, here the Users can also earn Coins. It is really very helpful platform.

The main big problem of creative sector –fixing digital content casting is being solved by the. That is really so efficient of them.

How do they provide security to the Coins kept in User’s Coin Bank?

We use Coins and Tokens. Our Coins are a Virtual Currency - just like in any game. They have a set value and are what is used to pay for content. Our Tokens (Rbits) are our Crypto Currency. Users earn them by watching ads, paying for content, sharing promoted post. Wallets however are not stored on the platform - once a user has earned enough tokens they can redeem them and we send them to their own wallet. Users can also use the tokens to buy digital goods on the site from their favorite creators.

How the Rbit Token and Rhovit token are supreme when they are combined together?

It is a amazing platform. The creative sector was in need of something incredible like RHOVIT.

RHOVIT is doing superb in casting digital content. It is a good option for the Providers.

It is a big scope for the Users to earn Coins by creating contents and people are accepting it worldwide.

How do they maintain their reward system with Rbit Tokens?

We release up to 2 Million tokens each week, which are dispersed out to the users and providers on the site. This creates the circular ecosystem that constantly allows the community to earn rewards for their actions taken on the site.

I've still got a little confused about this infos "User earn money to pay for Content then get Rewarded with Token for spending it!"
What kind of content that are purchaseable and what should we spent to be eligible for token reward.

We use two currencies on RHOVIT.  A Virtual Currency (Coin) and a Crypto Currency (Token).  The Coins have a set price of $.005. Users can earn them on RHOVIT and can also buy them in packs (just like in games). They use those coins to unlock content to watch and 100% of every coin spent goes directly to the content creator.  The token actually allows us to distribute Coins to the community by acting as financial backing to do so.  (i.e users get free Coins to spend on content)

Users also earn tokens by sharing promoted posts, watching ads and sometimes just watching content.  Creators can incentivize their content with tokens for users to earn. 

Hope that answered your question!

System uses a coin and a token - do users need both to watch content?  Seems like it is a good platform for Creators. 

Users need Coins to watch content (which they can earn). They also earn tokens for using the platform.

Seems like a social media network with cryptocurrency. Where is your profit if users earn for such a simple way? Maybe there will be some limit per day or something?

We use the token as financial backing to give out Coins to the community. We release up to 2M tokens weekly - 40% of which go into a User Pool. Based on the market value of that pool, RHOVIT will loan out up to 20% in Coins. For doing so, we charge 10% on top of that (cashed out from our own token pool). That's one way we make money. Users can also buy Coin Packs - which we get a percentage of also. The second phase of RHOVIT will also featuring advertising, RHOVIT will take a cut but creators and users will also earn part of the advertising fee. (all ads are fueled by the token). 

a successful project that has not left me without courtesy,I believe that the firm is the best offer on the market,don't pass it by . great designed whitepaper and believable roadmap. I wish success to this one!

Thanks!

There are now many "ghost" projects that spend time, effort and sometimes money on the part of investors. Still, we all look up information and for me this project is really potential!

We actually first built RHOVIT in 2012. We had it open for about a year and a half. We fixed some problems for content providers but not all. Using blockchain and crypto - along with a virtual currency allows us to really attack the problems with content monetization. This is a project we are very passionate about, being content creators ourselves!

Thanks. That's our goal!

Hi - I read your whitepaper, it was very informative. I like the idea that you're not basing your whole economy strictly on your own token. This project actually seems like it can accomplish your goal of earning artists more money. Good luck with it!

Thanks. We designed it so creators get the best of both worlds -  a stable currency for their content but also tokens to supplement their earnings and use to promote themselves.

You should make an Turkish version of your website.

The idea is interesting but how to combine these things? Youtube, at the expense of Google's capacity, works and requires a lot of money on the server. And the iTunes works at the expense of the powers of the Apple and requires a large audience which you do not have. How do you solve this problem?

Taking away YouTube Red, YT is ad based, 95% of which are skipped - so they have a lot of streaming that goes un-monetized. Our videos aren't free - they can cost as little as $.005 - but they are always paid for. Users get money to pay for videos in 2 ways - they either buy a pack of Coins (which we take a percentage of) or they earn Coins on the site ( we distribute Coins based on new Tokens released each week - which we also charge a fee on top of).

We will also allow ads which will be fueled by our Token which both users and creators benefit from and of course, us.

As far iTunes goes we are starting with Creator content and growing into offering more commercial fare such as films, music, games...when we have built the audience. 

To build the audience we are working directly with established creators and will be releasing a chrome extension to easily onboard users using Youtube itself.

I studied your website. I like the way it's done. And the idea itself is also interesting. It's good that users can earn tokens by doing posts, viewing ads, and sometimes just browsing content. But what about your successes? at what stage?

We have the MVP about ready to start inviting users to. We did an pre-launch airdrop and had about 30k people sign up, they'll be the first invited so they can collect the tokens they've earned.

We are working on the public release beta version now. We are also developing a google chrome extension as a marketing tool to reach the non-blockchain audience.

I went to your site - I see you're using NEM for your blockchain - why them over Ethereum?

We are built for a mass audience which means millions of payments going out. NEM was built with enterprise in mind and offer a quicker, more affordable solution then Ethereum.

I'm glad you're using NEM, I've been a fan of theirs. The default seems to be ethereum even if it's not what is best for the project.

We were originally going to use Ethereum but we're built for content creators with millions of fans - all of whom can earn tokens on our site. When we hit scale, we didn't see how it would work. NEM was built for enterprise in mind so it just made sense for us.

How are you different from the other blockchain and token platforms for entertainment?

Our biggest difference is we don't just use a token in our system. We want our creators to earn USD for their content and use the token as a bonus, for the creator and the fan.

Thanks for answering. It's an interesting model.

Successful content, favorites and popular certainly need supporters or fans.
Appropriately, supporters or fans also benefit from this activity. This project
idea is interesting, even though I don't think it's the first. Still around
Connect fans to content creators in terms of reward and bonus distribution.
Transparent and automatic income distribution using blockchain technology.

For the platform, Rhovit alpha looks convincing. Also business this seems to
have started since 2012. This is not something that was built from the outset.
But the development of the platform by utilizing blockchain and the token economy idea.
Hopefully the development will not be faced with many serious problems.

Thus, looking forward to technological details on product development. Good luck.

I want to know how this project works? I think this team must actively promote this project so that this project can be known by many people. I hope this project will be successful

it looks great to me so far , i was also very happy to see that your project is not "just" another ERC2.0 token but in place you start with the NEM - chain , that is a great plus for me , we have enough ethereum tokens , so i am very curious how this project is doing

We we're originally going to do an erc20 but it just didn't make sense for us in the long run, so we switched. The project is going to well. We're getting ready to start inviting people to our MVP while also bringing on more devs to build out the full beta version. We're also working on bringing in some entertainment partnerships and doing some cool things for marketing that will bring it beyond the blockchain audience.

Thanks - we hope it will be successful too! We've been doing a lot of work behind the scenes lately - bringing on more devs, lining up entertainment partnerships - because of that we've been a little quiet on the promotional front but we are hard at work getting the site ready for people to test!

Developing software cannot be done by just one person. With a lot of
dev that joins the complexity of software and coding can quickly resolved.
In this phase, more resources are drawn up for accelerate the development
process and increase productivity.

Business cooperation is very important in the business world. The wider the
network owned, it is easier to introduce and offer products. Of course partners
are closely related to the field in context of entertainment here.

Many users are guided by the experience of using deep features
a particular site. From there a measure of feasibility and objectivity
services can be obtained. Right, if website improvement becomes one of
the agendas you will do.

So, Good luck to dev for project implementation

Hey Guys - wanted to give an update. We started inviting people to our MVP! We will continue sending out invites as we test the system.

Thanks for the update. I was in 100 Token Pot - when should I expect my invite? Thanks

We just sent out invites to our 350 Point earners. We will be increasing the number of invites soon. The best way to stay up to date is to join us on Telegram at http://t.me/rhovitplatform

Thanks for taking part!

People are signing up and getting their Rbit Tokens. Thanks to everyone who has joined our community!

Next Invites to the MVP will be for the 100 Point Token Pot earners. We will be testing our mass token payout system with this group.

hi, i wanna join the team as an arabic ambassador , pm if intrested

Hey Guys - we've made some updates to the post. We opened the site :)

We've also started a Referral Program. Check it out!

We took a little longer then thought to get open but we're happy with the project and our use of NEM. So far it has gone very well and we are now signing up a few hundred people a day or more.

First social media contest winners we're announced! We will be holding 2 more contests for a chance to win RHOVIT NFT cards.

Impressive project, like this referral program  8)

When you're planning to be listed on exchange ?

It'll be game changer, users can buy with RBIT token and advertisers can advertise with it.

Is there any restriction for referral program ?

Airdrop or bounty campaign running here ?

Creative project I think advertisers will be more happy to use this platform

Users will be happy too with this platform as well.

What will be approx price of Rbit  token

How much Rbit i can earn by watch one content

In rhovit i've seen some content but can't understood how i'll earn rbit token.

How much i'll get per referral

Any bounty opportunity available here ?

Smart lifestyle with reward. Rbit token will make it more interesting, Rbit will go to moon soon  8)

When referral program end ?

Watch content, watch promo is only way to earn RBIT token ? or any bounty running

Rbit token is listed on coinmarketcap ?

Thanks RHOVIT team for this great project. Rbit reward system really cool. all the best  8)

Users will enjoy rhovit platform, advertisers will be happy with that

Every time you watch content you earn Loot. Every 20 loot earns you an Rbit token.

It will run until October 30th

Blackcard Giveaway event started ?

Nice program, Rbit price will be better as expectable i think

You get 40 Rbits per referral. The person you refer has to unlock at least 1 piece of content. They will also receive 40 Rbits. Ends October 30th

Yes. You can enter here: https://giv.gg/TyrRCI

Every content watch i'll receive one single loot and 20 loot for 1 Rbit token, am i right ?

Just seen your reddit campaign, is there any requirement to participate for example do i need a specific number of karma and age ?

Nice project, now gamers can use blockchain technology and get reward.

After receive Rbit token can i withdraw it instantly to my wallet or i've to hold it for a specific time.

Looks like an interesting project, advertisers and users both will be happy to use this platform. Watch content get reward just awesome. looking forward

Great opportunity

Cool project with NEM blockchain

Strong team profile  8)

Amazing platform for advertisers and users, reward system make it more interesting.

Rbit initial price $.005 ? and if i want to buy token what is process as you're not doing ICO, IEO

Where I'll find their team ? can you please mention

Most of the advertisers face fake impression by robot, Rhovit platform can help advertisers to get real users as well.

Cool referral program, Rbit shop coming and it'll be an amazing platform  8)

Thanks Rhovit team for this cool project

What about Rbit shop update ?

Waiting for launching Rbit shop.

Is there only way to get Rbit token by watch content ? Or can i buy it from anywhere ?

Is it possible to last of 2019 or first of 2020 ?

Many people are waiting for it like me  8) Cool project of this year

Rhovit team doing great, appreciate it. It'll be the best platform for content creators as well.

How much loot needed to get 1 Rbit token ?

As much as I know 20 loot for 1 Rbit token and you can earn 1 loot by watch 1 content

Your referral program is really cool  8) enjoying it

As a content creator how much I've to pay to publish my content on your platform ?

Are you guys going to launch ICO or IEO ?

Promising project, so excited for Rbit shop   8)

Yep, everyone waiting for it as well

Thanks Rhovit team for this cool referral program. waiting for Rbitshop launching  8)

Any bounty ongoing please ?

In this platform advertisers will be happy on their ROI, it'll create real engagement, reward system looks like awesome