Rhovit / Rbit

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About Rhovit / Rbit

ICO Start

Unknown

ICO End

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The Rbit Token is used by RHOVIT providers and advertisers to incentivize users to watch and share their content. Rbits also provide the backbone for RHOVIT’S circular economy by “valuing” users transactions on the site and using those transactions to mine Rbits. The mined Rbits are then distributed out to the content provider community and used as backing to distribute RHOVIT’S in-house currency, “Coins” to the user community so they can purchase more content.


Token Info
TokenRhovit / Rbit
PlatformEthereum
TypeUnknown
Tokens for Sale63,000,000
Investment Info
AcceptingETH
Price in ICO1 Rbit = 0.0071428571 ETH
Distributed in ICO35%
RaisedUnknown

Timeline / Roadmap

2012

RHOVIT 1.0 is imagined and built

2014

RHOVIT 1.0 is put on hold until a better monetization system can be devised.

Q1 2017

RHOVIT 2.0 is imagined with integrated blockchain technology

Q2 2017

Circular Ecosystem is designed along with UX updates to existing RHOVIT Platform

Q2 2018

Open Alpha RHOVIT to test audience.

Q2 2019

Open BETA RHOVIT to the public.

Team Members

Team Members
Matt McCullough
Co-Founder/CEO
Team Members
Mary McCullough
Co-Founder/CIO
Team Members
Tanja Richter
Branding/Graphic Design
Team Members
Kevin Conroy
Conroy Media / Former President MGM / President Univision Communications
Team Members
Alex Marcus
Slow Ventures/ formely Disney Accelerator/(WME)


About Rhovit

RHOVIT was created in 2012 by filmmakers who wanted to fix the system. Not just for film, but music, books, games…for all creators. The idea was to give artists all the power of a major platform but the freedom and profit of their own site. It was a better system but it wasn’t complete. In 2014 we sidelined the project. So why are we bringing it back now? Because of technology like Ethereum and the ability to complete what we started.

The problem with content monetization is not singular. High platform fees, transaction fees, middlemen, skipped ads, ad blockers, low cpms, piracy, audience reach, expectations of free…it is all of these. Blockchain and the creation of a token by themselves are not a cure all. But when used as the backbone and fuel of a fully realized circular system that feeds and regenerates itself, they are the technology that will disrupt an entire industry.

RHOVIT has used them by creating a value layer where there was none. Imagine if all the actions a User took on a platform…renting a movie, reading a book, watching an ad…were drops of water. Now imagine all those drops collected in a trough. Right now on platforms that water sits until it evaporates into nothing. RHOVIT dumps it over a water wheel, powering an engine that creates value for Users and Providers in the form of Rbit Tokens. It is the creation of value from waste that is the key to solving the writers problem and the problems faced by millions of other content creators big and small. RHOVIT is an earn and spend circular economy that creates and spreads value to it’s entire community.

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