Overview

Transcodium aims to provide the first peer-to-peer blockchain based and decentralized media transcoding, editing and distribution platform.

Project stage

Prototype

Detailed description

Transcodium aims to provide the first peer-to-peer blockchain based and decentralized media transcoding, editing and distribution platform with high quality and reliable computational power at a very affordable price. This will create a global market for users, willing to rent their idle machines to be used as workers (miners). 

Further, at the end of the transcoding process, the worker (processor) will be rewarded with the TNS token. Transcodium started as medianap in 2015 with a visual cloud transcoding and media editing platform, but went out of business due to the high cost of cloud servers, we could not compete with the existing platforms and had to switch to another business. In 2016, our team decided to look into the project again but this time using the blockchain and decentralization technology. Unlike the previous platform, Transcodium’s network will be fully automated without human intervention

Transcodium will provide APIs, Console and GUI Applications for customers to aid in a rapid transcoding process. Before processing starts for each transcoding request, the initiator (customer) will be provided with the estimated cost for approval, once approved, the initiator's wallet will be debited for the processing to commence. 

Transcoding is the process of converting from one file format to another desirable and compatible format. Before your favourite social media platform or streaming site such as YouTube or Netflix makes a video available to you, they need to convert this video into multiple formats in order to support different devices such as smartphones, laptop and desktop computers, TVs and more, since each of them have different capabilities. Some videos might even fail to play over a slow internet connection, these type of videos will also need to be converted into a lighter format for a smooth streaming.

Problem

With the current cloud transcoding platforms, the following problems and limitations were identified:

  • Cloud transcoding platforms are too expensive and are scaring away startups, who require their services. Existing companies have to spend more than half of their income just for processing these media files, which is not encouraging. 
  • Long processing time due to limited hardware. Cloud transcoding platforms has a hard limit on hardware, therefore, all the files to be processed are queued, until their time is due for processing, which causes frustrations on the customer’s side waiting for processing. 
  • Due to the centralized nature of the platform, a server outage or downtime can cause failure of the whole transcoding process wasting time, money and resources. 
  • Most transcoding platforms are limited to only media file formats, making it very difficult to convert other formats such as images and documents formats.

Solution

  • The blockchain and decentralized technology model enables the provision of a cheaper and reliable alternative to cloud transcoding. 
  • Due to the unlimited processing power, all thanks to the workers, files will be transcoded in a very fast speed, eliminating long queues and waiting time. 
  • A single transcoding request will be processed by multiple nodes and workers, so the outage of one node or worker will have no effect on the process, making it more efficient and time-saving.
  • Transcoding will not be limited to audio and videos only, but also other file formats such as images and documents.

Features

Mobile Wallet + Miner
TNS Miner will have an integrated TNS Money Wallet which will immediately store the mined TNS.

Multi Wallet
TNS Money wallet will support multiple cryptocurrencies making it easy to store your favourite tokens/coins.

End to End Encryption
Transcodium thinks about security hence every transaction over the network will have end-to-end encryption.

Builtin Exchange in Apps
There will be a built-in exchange for the wallet user to help them exchange between different cryptocurrencies.

Console, Api & Visual Editing Studio
The console API & visual editing studio will be provided to process heavy editing and transcoding jobs from individuals and brands.

Ultra Fast Transcoding
The incentive modal of TNS in return of renting processing power will help the network expand and generate huge processing power making transcoding ultra fast.

Show details

Additional links

  • Token details

    • Token symbol ? Token symbol — a shorten token name. It is used during an ICO and after the coin listing at the cryptocurrency exchanges. : TNS
    • Fundrasing target ? Fundraising target — the maximum amount of funds to be raised during an ICO. When it is reached, the developers stop selling the tokens because they do not need to raise more money for the project development. : 30,000,000 USD
    • Token type ? Token type — a platform for a startup launch that influences the stability of blockchain operation, the speed of transactions and the fees. :Ethereum (ERC20)
    • Soft cap ? Soft cap — the minimum amount of funds to be raised for the project development. Sometimes when the soft cap has not been reached, the money is returned to the participants. :500,000 USD
    • Role of token ? Role of Token — type of token depending on the opportunities it offers to its owner. Utility tokens give their owners a right to use the project services, security tokens are aimed at bringing profit, and currency tokens are a money substitute. :Utility token
    • Total supply ? Total supply — a total amount of tokens that will be released by the developers. :120,000,000 TNS
    • Escrow agent ? Escrow agent — a qualified agent who has the right of signature in a multisig wallet. An escrow agent participates in an ICO, monitors the financial operations of the developers and confirms their fairness. :No
    • Tokens for sale ? Tokens for sale — the number of tokens offered to the participants of an ICO. :86,400,000 TNS
    • Whitelist ? Whitelist — a list of participants, who get an opportunity to buy tokens. To be whitelisted, you need to register on time because the number of participants and the registration period are usually limited. :Whitelist Closed
    • Additional emission ? Additional emission — an additional release of tokens. It can be done once after the crowd sale or on an ongoing basis. In the projects with a limited emission there is no additional emission. :No
    • Exchange listing ? Exchange listing — an assumed date when the token will be listed at a cryptocurrency exchange. The developers usually indicate it in a roadmap and a white paper. :NA
    • Accepting currencies ? Accepting currencies — cryptocurrencies and fiat currencies that can be used for buying the project tokens. :BTC, ETH, LTC,
    • Can't participate ? Can't participate — the countries where it is prohibited to buy tokens. These can be countries where ICOs are prohibited altogether, or countries that have the requirements that a particular project does not meet. :No
    • Know Your Customer (KYC) ? Know Your Customer — a verification procedure for ICO participants, during which the developers can ask for personal data, a photo and a scanned copy of a passport of a potential investor. :Yes
    Get details
  • Token and Funds Distribution

    Token distribution date

    NA

    Unsold tokens

    Any unsold tokens after presale will be moved to the main Token sale and will have the same bonus terms as the main Token sale. Moreover, all the remaining tokens meant for sale after the main token sale will be burned or destroyed.

      • Token Distribution

          Vesting notes

          • Team Members: Tokens will be locked until 3 months after main Token sale. Also, team members will receive only 25% of their tokens after every 3 months interval.
        • Funds Distribution

      Sale schedule

      Round Token Price Bonus Min / Max Purchase Soft Cap Hard Cap
      Main token sale — Ended
      01 Mar 00:00 UTC
      30 Apr 00:00 UTC
      0.376 USD 5% - 20% Min 100 TNS Uncapped 26,600,000 TNS
      Presale — Ended
      07 Jan 00:00 UTC
      28 Feb 00:00 UTC
      0.263 USD 30% Min 100 TNS 5,710,000 TNS Uncapped
      Main token sale
      • 6,680,000 TNS - 20% - $0.300 USD 
      • 22,190,000 TNS - 10% - $0.338 USD 
      • 25,220,000 TNS - 5% - $0.357 USD 
      • 26,600,000 TNS - 0% - $0.376 USD
      Read more about vesting and bonus
      • Team

        • Jeetendra Kumar photo
          Jeetendra Kumar
          CEO / Co-Founder
        • Razak Zakari photo
          Razak Zakari
          CTO / Co-Founder
        • Abhishek Tiwari photo
          Abhishek Tiwari
          Blockchain Expert / Co-Founder
        • Rushio Billings photo
          Rushio Billings
          Backend Developer / Blockchain Expert
        • Parvez Alam photo
          Parvez Alam
          Security Analyst & Server Admin
        • Imran Khan photo
          Imran Khan
          Marketing Manager
        • Rupsa Sheal photo
          Rupsa Sheal
          Engagement Coordinator
      • Advisors

        • John Mcafee
          Chief Cybersecurity Visionary of MGT
        • Douglas Y. Park
          Co-Founder And Managing Director Of Western Gate Capital Partners
        • Dean “Sakis” Karakitsos
          Founder of Blockchain
        • Seadon Francis Pinto
          Senior Software Engineer at Microsoft
        • Jason Appleton a.k.a The Crypto Crow
          Cryptocurrency Investor
        • Ashish Kumar
          Advisor

      Roadmap

      • Mar 2015

        First Cloud version of platform created

      • Jan 2016

        Decision to adopt blockchain & Decentralized technology over centralized cloud

      • Apr 2016

        Research & Analysis into the blockchain & Decentralization technology

      • Nov 2016

        Drafting of white paper

      • Jul 2017

        Development of wallet (with miner) for major platforms (Android, Windows & Linux)

        Company Registration & Legal Processing Commenced in UK

      • Jan 2018

        Bounty & Token Pre Sales

      • Mar 2018

        Public Token Sales

      • Jul 2018

        Development of wallet (with miner) for major platforms (Android, Windows & Linux)

      • Dec 2018

        Development of master node application for major platforms

      • Jul 2019

        First beta testing of platform & the provision of fully paid premium accounts for companies, brands & startups to try the platform for 1 month.

      • Nov 2019

        Production commence for the platform

      Activity