YouLive Coin Whitepaper

We are an Influencer in the live broadcast industry, as well as an enthusiast of virtual currency, and more as a believer in the decentralized world.

In the real world, during content sharing on the live platform, we have found many unreasonable facts which we had to endure, for example:  The Monopoly Live Platform and the Influencer agencies gained most of the Viewers’ spending through unequal distribution model.

 The Influencers, as individuals on a large number of webcasting platforms, they were forced to accept the various levels of exploitation by the different platforms while undergoing long-term live broadcasts and under intense work pressure.

 As a Viewer, you may have given a 1-dollar gift to your favorite Influencer, but eventually she / he may only get 20 cents.

 The Influencers gained a lot of Internet traffic for the live broadcast platform by sharing high quality content, and the platform grabbed a huge amount of advertising revenue with content and massive data, but the Influencers did not benefit from it.

 When the Advertisers want to delivery advertisement through an Influencer, they can hardly negotiate directly with the Influencer for the prices of advertisements but may have to raise the advertising costs through the intermediary links such as the live platform and agencies.

This is very unfair!

In the virtual currency world, we firmly believe that blockchain technology will certainly change the value exchange method of mankind, and we expect more believers to join in and build a community that is large enough.

However, since the publication of the White Paper by Satoshi Nakamoto, the community mainly consisted of Geek and miners; as technology developed, more and more projects based on the upgrading of blockchain technology emerged and communities developed, the number of members was also on the rise, but mainly in the context of Geeks, digital world fans and investors.

We are involved in a number of blockchain projects to support community development, but to this day, the blockchain world does not yet have a community of sufficiently large membership, that is, the real mass community.

In short, the underlying technology in the blockchain is constantly evolving, what issues should be addressed in the direction of technology and how to get healthy development of the entire ecosystem require a sufficiently large number of community members to verify, finding problems during the engagement, then solving the problems, and gradually forming virtuous cycle for the development of the decentralized world.

Fortunately, at the same time, improvements in Internet bandwidth technology and smartphone performance provide a good foundation for live Internet streaming.

We would like to see a qualitative leap forward in the blockchain industry if the upgrade of blockchain technology can be conducted in a live broadcast community where the general public is widely involved.

So, YouLive was born, it would be a decentralized community of tens of millions / hundreds of millions of members and a Decentralized Live Platform dominated by community members.

YouLive