Spokkz - an initiative by Spuul to revolutionize the media industry

Hello friends, I am Olagoke Gbade. Just as my usual practice of bringing great and valuable information to your way, today’s own will not be less as I have decided to give you information about this great innovation known as “ Spokkz.” An initiative by Spuul to revolutionize the media industry. This is An Investment Opportunity for all individual. Please seat back and relax your nerves as you read through. Also, I encourage you not to just read but as well take important step by be a part of this great innovation.

WHAT IS SPOKKZ?

Launched in 2012, Spuul is a leading Singapore based over-the-top (OTT) provider with offices in Mumbai, Dubai, Sydney, and Auckland. Over 60 million users in 180 countries enjoying a huge library of Asian content. 60,000 transactions pass through Spuul users’ secure wallets every day, Spuul attained nearly US$ 14 million in revenue in 2017, projected to double every year over the next three years. The company has already been seeded USD 10mn by the founders. Spuul made Asian entertainment a breeze to consume for everyone. With SPOKKZ, “everyone” becomes part of an influential community.

History of Entertainment

Traditional means of transferring past events and experiences are expressed through the use of words, images, sounds and gestures, which are communicated though stories. These events are medium through which cultural values are transferred from one generation to another. This has been a well-known form of entertainment. Ancient folks usually tell stories while camping, they gather round a fire, while listening to stories about their previous heroes, or tales about other cultures.

Storytelling has developed over the years, and it is expressed in various forms. Many entertainments, including storytelling but especially music and drama, remain familiar but have developed into a wide variety of form to suit a very wide range of personal preferences and cultural expression. Many types are blended or supported by other forms. For example, drama, stories and banqueting (or dining) are commonly enhanced by music; sport and games are incorporated into other activities to increase appeal

The problem

Today Entertainment has taken a whole new dimension. This is because every country has identified the economic importance of entertainment. Some country have developed their own entertainment industries, while others benefit from the creation of other countries. In developed countries like the United States, Holywood dominates, in Asia, a lot of industries like the Bollywood,chinese and korean movie industry all have something to offer the entertainment industry. With the fast rising pace of the entertainment industry, the type of productions delivered has been questioned over time, leaving viewers with little or no choice. Quality Content creation and delivery has been a major challenge facing most entertainment industry. Some major issue that needs urgent attention includes;

Funding

The entertainment industry is very capital intensive, although, there have been massive records of great returns. The issue of funding is the battle young startups in the entertainment industries face. Bright minds with great ideas are faced the challenge of raising the enough capital to bring their ideas to life.

Postproduction

After the content is created, it is then either pre-sold or sold postproduction to cinemas, TV broadcasters and other distributors. This presents significant risks to the producers as they need to fund the creation of the content until it goes live with no clear idea whether they will be able to cover their production costs.

Content Optimization

Creators are increasingly losing their ability to optimise their earnings as intermediaries like cinema chains, OTT players, YouTube, etc. are taking the lion’s share of the revenues with less and less going to the content creators themselves.

Desired Reach

Advertisers are increasingly unable to measure their effectiveness in reaching their audience. Digital advertising has become increasingly complex and with the growing importance of third party affiliate networks, advertisers are paying for advertising and promotions but the effectiveness and measurement of this has become more and more opaque and less reliable.

Viewer’s participation

iewers are not acknowledged for their contributions. The data provided by viewers such as reviews, ratings, and other forms of commentaries are immensely valuable but they are not rewarded in any way. In fact, on platforms like YouTube, the viewer has become the commodity and advertisers are provided tools to target his/her likes and preferences.

Our Solution and Benefits to Token Holders

https://youtu.be/BFPN8zzKIbM

Spuul’s community users can directly select and fund specific Movie projects through a new wallet feature that will be enabled for all users using the blockchain with spokkz token. The benefit of this method of funding is that Spuul may procure exclusive streaming content for the subscriber base exchange for a percentage of the Movie or TV Show. This stake in the Movie or TV Show allows Spuul to receive revenues in the form of royalties over the life time of the Movie or TV Show.

Over time, this enables Spuul to build a catalogue of Content and Intellectual Property which could increase its asset base substantially. In another strategic initiative, Spuul also intends to use the SPOKKZ tokens to incentivize its user community to contribute reviews, comments, subtitling, etc., with the objective of creating a social platform for people interested in movies, fashion, songs and movie stars.

The Future

With over 60 million users on the SPUUL platform and also having new innovative hybrid product currently has over 180 linear channels and over 1,000 movies, which provides users and subscribers the ability to watch and/or record their favorite content on any digital device as they wish. Spuul’s focus has been delivering Premium Indian streaming content to viewers all over the world. Now as part of its expansion outside of Indian content, Spuul is planning to deliver content in other major Asian languages. The languages offered, with the exception of English, will include Korean, Japanese, Mandarin, Spanish, Indonesian, Thai, Filipino and more will be added later.

As Spuul brings in more Projects to the ecosystem, Spuul will become the center for creative people to launch content and communicate with their customers and fan bases.

ICO DETAILS

Spuul will generate a total of 1 billion SPOKKZ. The minimum raise will be $5million and the hard cap is $19.68 million and the tokens will be allocated in the following manner:

Token allocated for       Percentage Allocated         No of Tokens 

Running Economy         43%                                   430,000,000

Public Sale                    30%                                   300,000,000

Team                             14%                                   140,000,000

Advisors                        6%                                     60,000,000

Legal & Marketing        6%                                     60,000,000

Bounty                          1%                                     10,000,000 

Total                            100%                                  1,000,000,000

The Token value during the public release has been set at US$0.08 per

Token.

Token Release Stage Discount % of Issue Price US$/Token Date of Closing

Strategic Investors        50%         15%             $0.040              15/6/18

Pre-Sale                        15%          70%         $0.068              30/6/18

Crowd Sale                   0%           15%         $0.080              15/7/18

Use of Proceeds

Item                                               Percentage Spend       Allocation

Content Funding & Acquisition         50%                          $9,840,000

Marketing & Content Promotion          21%                           $4,132,800

Platform Software & Operations          21%                             $4,132,800

Expenses & Contingency                     8%                            $1,574,400

Dear reader, this is just a brief of purpose, benefits and opportunity one can found from this awesome innovative project. I am sure you will desire to know more, kindly visit any of the following links:

WEBSITE

FACEBOOK

TWITTER

TELEGRAM

REDDIT

LINKEDIN

MEDIUM

Authorship by: olagoke gbade

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