SingularDTV (SNGLS)

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SingularDTV
Total supply1,000,000,000 SNGLS, half of which will be made available on the crowd sale and 40% held in a "Storage Vault". The remaining 100 million tokens will be allocated to core investors of S-DTV.

Basics

  • Not Mineable
  • Built on Ethereum
  • “SingularDTV is an Ethereum-based production and distribution platform, creating broadcast quality original film and television content initially focused on nonfiction and the science fiction genre. SingularDTV will disinter-mediate traditional media production and distribution by applying decentralization principles to an industry currently reliant on obfuscating and monopolistic practices. At its core, SingularDTV’s embedded, immutable and transparent accounting practices will restore trust and confidence to Creators: securing the path for truth and freedom of expression.”

Token

"Whereas the SNGLS token was programmed with a revenue-rewards feature that has never been activated due to the ambiguous regulatory landscape in various jurisdictions around the world, the new snglsDAO token will be programmed to provide governance and utility to the snglsDAO and Media Distribution Protocol. Until the regulatory landscape catches up with the SNGLS token business model, the revenue-reward feature of the SNGLS token will be effectively shelved. In the meantime, the SNGLS token will have meaningful utility within the Media Distribution Protocol. The SNGLS token will also be used as a staking mechanism in the snglsDAO and as a payment token within the protocol."

Storage Vault

  • This Storage Vault exists with the purpose of maintaining a fund that will be continuously reinvested into the platform, as the dividends received from these 400m tokens are allocated to the Workshop, that is in charge of converting, spending and managing these Ether dividends received from the vault. The Workshop is also in charge of collecting fiat/crypto revenue and sending it to the Vault and Smart Contract System, the SCS then distributes SNGLS and Intelectual Property (IP) revenue by the token holders.
  • The revenue aforementioned is collected from the Transactional video on demand (TVOD) Portal and from the Rights and Royalties Management Platform.

Goverance

  • A Centrally Organized Distributed Entity (CODE). CODE is a new form of organizational structure developed in partnership with MME, the same legal firm behind the formation of the Ethereum foundation.  The CODE is a distributed entity as it is crowd funded and the equity is shared between token holders that receive dividends from the profit generated by the platform, but it is centrally managed, meaning that token holders do not take part in the decision-making and development of the platform.
  • The decentralized component of this governance model lives on the Ethereum blockchain as a tokenized Smart Contract System. These tokens are called SNGLS and they represent a share in Intellectual Property (IP) of S-DTV: film, television and software projects. The centralized component can be represented by a number of different company structures, which are in charge of managing S-DTV's funds, projects, and development.
  • Singular-DTV will acquire the distribution rights of other film and tv properties to distribute along with their projects on the TVOD portal and/or under its brand on bridge portals like AppleTV iTunes, GooglePlay, and Vimeo. The current projects being worked on by S-DTV include a tv show "Singular", a feature length documentary and a short form documentary series.
  • The Rights and Royalties Management Platform creates revenue by selling rights to its Intelectual Property. It is S-DTV’s intention to buy into the Ujo digital rights management software system and negotiate a fair and equitable ownership stake. S-DTV may also opt to build its own digital rights platform independent of Ujo.

snglsDAO Foundation

"The snglsDAO Foundation is the non-profit entity that provides governance parameters, services and various functions and features to the Media Distribution Protocol. The foundation's first order of business is the launch of the snglsDAO. Through the snglsDAO, SNGLS token holders set the parameters, features and functions of the Media Distribution Protocol.

There will be two tokens henceforward;  

This two-token ecosystem will comprise the SNGLS token and a new snglsDAO governance token. The name of this new snglsDAO token will be announced in the coming weeks. 

SNGLS token holders will receive a 1:1 airdrop of the new snglsDAO token. This will allow SNGLS token holders to participate in the governance and expansion of the snglsDAO and Media Distribution Protocol. snglsDAO tokens will be airdropped into SNGLS token holders wallets in Q2 of 2020. 

The attributes of the new snglsDAO token will be many and varied. Primarily, the snglsDAO token will act as the governance mechanism that controls the snglsDAO and sets various parameters of the protocol. It will determine the attributes of the protocol's listing, transaction and validation fees, as well as oversee the process of protocol upgrades. The snglsDAO token will also govern the distribution of funds in the snglsDAO Treasury and will run the function of an experimental new concept called "content mining"."

Team, etc.

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