What is Media Network (MEDIA) | What is Media Network token | What is MEDIA token
In this article, we’ll discuss information about the Media Network project and MEDIA token
Media Network
A new protocol that bypasses traditional CDN providers’ centralized approach for a self-governed and open source solution where everyone can participate. A distributed economy that enables anyone with spare bandwidth resources to monetize them, earning MEDIA Network Tokens in exchange for their contributions to the network.
Any existing infrastructure can now be scaled by hiring bandwidth-on-demand without constraining long-term business commitments or compromising privacy. No accounts, KYC, or personal information is required at any point for any of the participants of the network.
How It Works
Media Network creates a distributed bandwidth market that enables service providers such as media platforms to hire resources from the network and dynamically come and go as the demand for last-mile data delivery shifts. It allows anyone to organically set up new Media Edges and serve content without introducing any trust assumptions or pre-authentication requirements. These participants earn MEDIA rewards for their bandwidth contributions, a fixed supply SPL token minted on Solana’s Blockchain. The protocol utilizes new mechanisms to encourage honest and collaborative work between participants of the network.
CDN Service
To scale an existing infrastructure, developers or media platforms will have to buy MEDIA off exchanges, provide liquidity to any designated Serum DEX pools, and stake the resulting LP MEDIA tokens. After that, they will have to authenticate with a Solana compatible wallet to any of the available front-ends (e.g., Media App) and set up their resources and custom settings.
Once the transactions are confirmed, Media Guards will verify the amount of staked LP MEDIA tokens and, if conditions are met, authorize the new resource into the network assigning bandwidth quotas, DNS names, and security settings. Everything is encrypted with a password and recorded on Solana’s blockchain.
Fees
Data transfer fees are deducted automatically from the stake, depending on consumption and the community’s current fee pricing. Bandwidth quota depends on the amount of LP tokens staked; the more MEDIA staked, the more burstable bandwidth available for a specific resource’s end-users. As the stake gets reduced by the data consumption, so is the bandwidth available for that specific resource.
100% Blockchain Based
Media Edges listening to these on-chain transactions will then start pulling the content from the origin and replicating it worldwide, relaying the data on-demand. End users requesting the new provided URL instead of the original path to the source will get the data from the closest edge based on geolocation and latency, optimizing last-mile delivery. Now anyone can quickly scale heavy multimedia-dependent applications or websites and hold millions of requests simultaneously without the need to be an engineer or compromising privacy at any point.
Why Media Network?
Anonymous
No sign-up required. Be part of the network without any type of contracts or KYC.
Decentralized
A truly censorship-resistant ecosystem powered by peer-to-peer technology.
Scalable
A novel architecture that improves performance when more peers join the network.
Ecosystem
Media PeerPool
A CDN agnostic system that reduces up to 99% of bandwidth costs by leveraging peer-to-peer browser functionality.
Media Edge
An open-source software for web serving, reverse proxying, caching, load balancing, media streaming, and more.
Media Guard
Designed to secure the network through consensus, proposing
MEDIA rewards and removing malicious peers.
Media Server
A lightweight but powerful multi-protocol live streaming server solution. Featuring built-in peer-to-peer capabilities.
Network Participants
Token-holders
Earn MEDIA while sharing bandwidth with other peers.
Websites/Apps
Scale your existing infrastructure and reach millions of users.
Bandwidth providers
Run a node, help the network scale and earn 
MEDIA
MEDIA Network Token
MEDIA is the cornerstone and vital artery of the network’s economy. It is the medium of exchange between bandwidth providers and anyone renting the CDN service, powering and enabling the long-term ecosystem self-sustainability.
Fair Launch
No private sale, with an IDO in which anyone will be able to participate.
Governance
MEDIA holders have the power to influence decisions concerning the core protocol.
Network Credits
MEDIA tokens are used as credits to pay bandwidth providers for data consumption.
Bandwidth Burst
Staked Media LP MEDIA amount weighs towards the maximum allocated bandwidth.
Deflationary
A revolutionary buy-back & burn mechanism, a nice incentive for token-holders.
Incentives
MEDIA tokens can be staked to generate rewards, bootstrapping the community.
Media Network App
Media App is a front-end created by the Media Foundation to interact with Solana’s Blockchain, Serum AMM’s, and to participate in the distributed economy. It is compatible with any SPL (Solana Program Library) wallet and enables developers to set up and configure resources on the network, like new origins or allowed domains to use the Media PeerPool library.
Media App front-end shows all limits and quotas available per resource automatically based on wallet weight.
app.media.network
How and Where to Buy MEDIA token ?
MEDIA has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT, BNB from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy MEDIA token.
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since MEDIA is an altcoin we need to transfer our coins to an exchange that MEDIA can be traded. Below is a list of exchanges that offers to trade MEDIA in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT/BNB deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase MEDIA from the exchange.
The top exchange for trading in MEDIA token is currently Serum DEX and FTX
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once MEDIA gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
Find more information MEDIA
☞ Website ☞ Explorer ☞ Social Channel ☞ Social Channel 2 ☞ Coinmarketcap
🔺DISCLAIMER: The Information in the post isn’t financial advice, is intended FOR GENERAL INFORMATION PURPOSES ONLY. Trading Cryptocurrency is VERY risky. Make sure you understand these risks and that you are responsible for what you do with your money.
🔥 If you’re a beginner. I believe the article below will be useful to you
⭐ ⭐ ⭐ What You Should Know Before Investing in Cryptocurrency - For Beginner ⭐ ⭐ ⭐
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