Altcoins News

Story: Filecoin (FIL) Sponsoring DeCrypt (DCPT) and File.Video Is Free to Upload and Share Video

By Dan Saada

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Filecoin facilitates makes decentralized video hosting for everyone. They claim that file.video is the easiest way to upload and share video.

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The free limit is only 30MB~.  One of the users stated, you do not earn with this. You pay to use this. And it is quite big news.

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Also Filecoin stated, "Token-holders will be able to use their Filecoin-sponsored DCPT to redeem exclusive NFTs that Filecoin and Decrypt have commissioned from a series of five…

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For clarity, DeCrypt is a cryptocurrency focused publisher. They are planning new ways to build loyalty reward programs. 

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Reportedly, DeCrypt the publisher have opened its utility token (DCPT) program and announced that Filecoin, the cryptocurrency of the Protocol Labs, will be the sponsor of its…

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For now, the sponsorship, is a “low six-figure deal.”  Readers will be able to accrue the Filecoin-sponsored tokens by way of their engagement with site’s content.

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Reportedly, more than 81,000 readers signed up for the program and they will be airdropped three tokens, taking nearly 250,000 tokens off the table.

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Alanna Roazzi-Laforet, Chief Revenue Officer and publisher of Decrypt stated, Decrypt’s monthly revenue is made up of 40% sponsored content, 40% advertising and token seasons and…

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Decrypt have been testing their utility token, by rewarding a small group of readers engaging with the site content: reading an article for 40 seconds will generate one token and…

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Anyone who shares an article will be generating two tokens, and anyone who is reacting to a story will be generating one.

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This token system will work like a new-age incentive program, thus encouraging readers to interact with Decrypt’s content in exchange for their closed-system currency.

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Theoretically, the number of tokens is theoretically infinite.  So far, Decrypt have minted 21 million of the Filecoin-sponsored DCPT for the first season.

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It just looks like Filecoin is in action in sponsoring innovative stuff.  

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