[ANN] [ICO] DIY Tube Video Community Rewards All Members For Activity

[DIYTube]

DIY Tube Video Community pays everyone for activities in DIYT Coins which were minted on an ERC20 contract on the Ethereum blockchain.

DIY Tube Video Community was formed back in November 2017 as a backup plan for my own videos. I have a main YT site with over 100,000 subscribers and nearly 2,000 videos. Plus I have two smaller channels on YT as well. Since they were reducing payments to content creators for two years now, I felt that soon something bad was going to happen. But once I had a video site going, I realized I could let everyone share videos on the site. I had originally planned to run advertising and share 50% of ad revenue with members. But in order to get ads going you need a lot of traffic on your site and a lot of time behind you. I had neither and funds were running out.

Not long after, I started to study blockchains and solidity contracts. The idea was forming to mint my own coins for payment to members on the website. This overcomes a few obstacles. One is the mega reduction in accounting because cryptocurrency can be paid in all countries. Fiat currency would have to be paid in the different currencies for every country. The other problem would be the taxes and earnings statements to send out every year to members around the world.

In late February YT announced that they were removing partner privileges and payment to hundreds of thousands of smaller channels. My smaller channel took a hit as well. After working for free to earn partner privileges, they took it away again and set the standards even higher. They said it was to protect the community from harassment and spam. This was a huge slap in the face since I have been drowning under harassment from trolls for years on YT.

I found an investor to help get this site going and pick up all the hundreds of thousands of channels that youtube just slapped in the face and demonetized. Not long after, we also had our developer locked in and we were moving fast.

In early March I minted 249,500,000 DIYT Coins for use as payment to DIY Tube Video Community members. The number was chosen after careful study of the largest successful coins and their values. DIYT Coin was meant to be used as payment to community members so it had to have enough value but yet give us enough coins to go around. The Ethereum network was chosen based on a couple things. First, it is the number two coin in the world which means it is stable and here to stay. Second is the ERC20 contracts. And third is the awesome fact that ERC20 tokens are full compatible with existing Ether wallets. This means trading coins is easy.

Each partner gets 500,000 coins to hold onto for their potential investment value. A few million coins were given out to community members, family, friends and used as rewards for helping out the team.

Another 2 million coins are reserved as rewards for DIY Tube Community members who upload their first 10 videos or get their first 100 subscribers.

And now we are offering 40 million coins during our ICO from May 1 to June 15, 2018.

The idea is to raise enough funds to get DIYT Coins listed on the major exchanges, continue development of DIY Tube Video site, build our own blockchain and for promotion of the community. Plus we have ongoing costs we have to cover.

I had studied long and hard about how to make a successful coin. I learned that the best way is to build up community first and then issue the coin second. And that is exactly what we did. We built up the DIY Tube Video Community first and then minted the coins second. Next we set up an internal, virtual wallet inside the community and set up automatic payments. Members are paid every 24 hours for activities on the website. Members are paid for video views and thumbs up on their videos. Those who post comments get paid as well for their comments and thumbs up on them. If you post a comment today, you will see your earnings increase tomorrow. That is pretty cool and nearly real time payments. Everyone earns on DIY Tube Video Community. We felt it was only fair to offer everyone a reward for their involvement on DIY Tube.

You can visit DIY Tube Video Community where everyone gets paid for doing what they enjoy: http://www.diytube.video

Read our whitepaper with all details about DIY Tube and DIYT Coin: http://www.diytubecoin.com/assets/DIYTube-WhitePaper.pdf

Read our coin sale terms and conditions: http://www.diytubecoin.com/assets/DIYT-Crowdsale-Terms-and-Conditions.pdf

Visit DIYT Coin website: http://www.diytubecoin.com

And read our blog here: http://www.diytube.info

On the bottom of the coin site you can find all our social media links.

I must note that due to having a large YouTube channel for years now, I have a following of trolls. They will most likely follow me posting some lies about myself and my business. Please feel free to ask me anything you like.

We mean business and we aim to pay people that YT dumped on. I stand behind my word.

Troy Reid
DIY Tube Video Community

[DIYTube]

The DIYT ICO starts May 1 and time is flying fast. DIY Tube Video Community is selling 40 million coins to raise funds to finish development and promotion of our software and to develop our own blockchain later in the year. Some of the funds raised will be used to get DIYT Coins listed on the exchanges.

We are currently screening investors for white listing on the DIY Tube Coin site http://www.diytubecoin.com

[Concerned Citizen]

Screening investors?  Why?

Don't you want our money?   

[ICBitcoinpeeple]

yeah you tube sucks right now. AL has screwed lots of creators and the revenue keeps getting lower and lower.

You could get a lot of the gun channels since YT is systematically killing them off and destroying free speech and expression. I think I will make a channel once i read up on you guys more.

[n3482nba]

DIY Tube video
may i know this video about what content?
I'm sure there must be a purpose of launching this video, because you have set up 2000 videos

[DIYTube]

Screening investors?  Why?

Don't you want our money?   

According to government regulations in many countries, you must screen investors in order to comply with AML and KYC regulations.

[DIYTube]

DIY Tube video
may i know this video about what content?
I'm sure there must be a purpose of launching this video, because you have set up 2000 videos

This is a video sharing site where anyone can upload their own videos. It is free to upload your videos. Everyone gets paid for video views, comments and thumbs up in DIYT Coins.

You can consider it a backup of your videos in the cloud or you can use it to earn crypto. Either way, its there for you.

We have a one click import of videos from YouTube.

[DIYTube]

yeah you tube sucks right now. AL has screwed lots of creators and the revenue keeps getting lower and lower.

You could get a lot of the gun channels since YT is systematically killing them off and destroying free speech and expression. I think I will make a channel once i read up on you guys more.

I know. It seems to only be getting worse and worse now.

DIY Tube is open to all types of content as long as it is original and does not harm or threaten anyone. YouTube let the trolls run wild for two years with the G+ integration and made a mess of things. Its getting better but we are going to ensure that cannot happen on DIY Tube.

On YT I had to learn not to show a knife, ax, chainsaw or any other type of "weapon" in order to pass the filters.

I am done with that.

Hope to see you over there.

[henrycamra00]

Looks interesting! I think this will be one of the most promising coin but need to know more a bit. Waiting for more information and if there's an bounty program I would love to help spread the world 

[DIYTube]

Please feel free to ask anything you would like to know here or at info@diytube.video

Our coin website covers a lot of info: http://www.diytubecoin.com

And here is the bountry program in an article I wrote: http://www.thedoityourselfworld.com/articles/article.php?id=11573

Plus the first 1,000 members get 1,000 DIYT when they upload their first 10 videos
The first 1,000 members who get 100 subscribers get another 1,000 DIYT

And the first 1,000 members who write their first 10 comments get 10 DIYT.

[Concerned Citizen]

Your trust rating is RED! Warning: Trade with extreme caution!

I thought the whole point of cryptocurrency was anonymity?  Why should we give you our full details?  Driver's license?  WTF?

Looks a bit suspicious to me.  

[DIYTube]

Your trust rating is RED! Warning: Trade with extreme caution!

I thought the whole point of cryptocurrency was anonymity?  Why should we give you our full details?  Driver's license?  WTF?

Looks a bit suspicious to me.  

Most people who know crypto are familiar with the KYC and the AML regulations. Its not our choice sadly.

[Concerned Citizen]

Your trust rating is RED! Warning: Trade with extreme caution!

I thought the whole point of cryptocurrency was anonymity?  Why should we give you our full details?  Driver's license?  WTF?

Looks a bit suspicious to me.  

Most people who know crypto are familiar with the KYC and the AML regulations. Its not our choice sadly.

I thought  the KYC and the AML regulations were for banks?  Are you a bank?

Could you give us your SEC registration details?  Where are you based in the USA?  Why are you not in an offshore location, where regulations are less strict?

Who are your financial backers?

[DIYTube]

There is so much information online about the subject. Please do a google search. Thank you.

[suhardi3899]

There is so much information online about the subject. Please do a google search. Thank you.

Okay, we will continue to monitor your project. and we love your project I'm sure your project will explode soon. good luck dev

[dzkrb1966]

I do not know why, but there is a feeling of incompleteness of the project. And that's why. I can not understand how many people are in the team, how the coin will be maintained in the future. On which exchanges will be listed?

[DIYTube]

I do not know why, but there is a feeling of incompleteness of the project. And that's why. I can not understand how many people are in the team, how the coin will be maintained in the future. On which exchanges will be listed?

Well, absolutely its still ongoing. Although DIY Tube Video Community is working well and people are joining every day. People are uploading videos and sharing on the site all the time now. Its pretty exciting.

But of course, we are just finishing integration with the blockchain in the next few days. This will allow members to buy, sell and trade coins on the Ethereum network which is a huge milestone.

Internally members are being paid for activity on the site every 24 hours. Members can also now trade DIYT Coins with one another internally which opens up a whole new world of opportunities. Just imagine an entire economy inside DIY Tube Video community!! Members can donate to a channel owner if they especially like a video. Or you can pay someone for a shout out. Or even pay your neighbor for a loaf of bread or some eggs. We are planning to one day set up an online trading center once the blockchain is set up.

This weekend we are moving to new data centers for more stability and faster video load times.

The coin can already be bought and sold on forkdelta here: https://forkdelta.github.io/#!/trade/0x141797bca73ad90844d88105c8fdd8acb4c75b48-ETH

To get listed on other exchanges takes time and money.

As to how the coin will be maintained in the future, please read our whitepaper on http://www.diytubecoin.com

And very soon we are going to be adding more information on who, or what, holds the majority of the coins and why. We are going to be very transparent about every detail of the project.

It is all so exciting.

[DIYTube]

There is so much information online about the subject. Please do a google search. Thank you.

Okay, we will continue to monitor your project. and we love your project I'm sure your project will explode soon. good luck dev

Thank you very much. I have a feeling this is going to be quite huge soon myself 

[strelok25]

Tell me how long your platform for placing video content works and what profit do you get from this platform at the present time, what is the cost of DIY tokens? Who is the customer of advertising on your video platform are individuals or legal companies?

[DIYTube]

Tell me how long your platform for placing video content works and what profit do you get from this platform at the present time, what is the cost of DIY tokens? Who is the customer of advertising on your video platform are individuals or legal companies?

I am not quite clear on your questions but I will try to answer them.

I dont understand your first half of the first sentence. We are on a very powerful server with the ability to spread and expand as needed. We are using powerful data centers, and moving to even better at this time.

Right now there is no profit to the team at all. There are a couple Google Adsense banners bringing in a few pennies a month at this time. We (may) set up streaming ads in the videos later but we are not yet sure.

Our plans for future profits depend on a few things. If DIY Tube Coins take off, then each partner holds a wallet with some coins. The company itself holds a wallet with some coins to cover operating expenses. This will all be revealed in detail during the week for full transparency.

Otherwise, we may have to set up in stream advertising in order to cover the cost of operating the business. Lets see.

You can buy DIYT Coins on forkdelta for $0.10 each here: https://forkdelta.github.io/#!/trade/0x141797bca73ad90844d88105c8fdd8acb4c75b48-ETH

I hope that answered your questions.