Virtual reality streaming platform Spectiv has just closed its private early supporter presale, where Signal Tokens were sold for a total of 3,548 ETH, 32 BTC, and $58,000 USD. Spectiv is a dedicated VR media platform where users can stream their VR video experiences to the world, and where others can enjoy those experiences from the comfort of their homes. It is a niche streaming platform similar to Twitch, but with a focus on VR content.
Signal Tokens will be used on Spectiv’s platform to directly connect advertisers with attention influencers. This is achieved through Spectiv’s “Ad Campaign Smart Contracts” which advertisers can use to directly reward viewers, publishers, and curators for driving attention to their ads. Every ad view and click that occurs on the ad is communicated to the Ad Campaign Smart Contract which then autonomously rewards Signal Tokens.
The Signal Token Protocol is not limited to the Spectiv platform; it is open-source. The protocol is designed for any media platform to adopt and implement. Spectiv brings integral value to this protocol by acting as the pioneer and first use case, providing a foundational layer for other media platforms to benefit from and build upon. This pragmatic approach to token creation could bridge the gap between blockchain theory and real-world utility.
Spectiv is currently focused on developing its VR streaming platform which is expected to roll out in early November. The alpha V1 will support VR content upload, viewing, user accounts, and more. This means token purchasers will have an opportunity to use the platform far before the sale on December 8th.
Since the presale, Spectiv has hired an additional developer, an external CFO, and moved into an office space directly across from their crypto venture partners Sutton Stone. In preparation for the open sale, Spectiv is structuring the relevant business entities to comply with existing/undeclared governmental regulations. This includes setting up a Mauritian corporate vehicle used to support the token sale in that jurisdiction. Spectiv will be the second large project to undergo this process in partnership with Sutton Stone.
Signal Tokens can be purchased at a fixed price of $0.50 each, with early bird bonus opportunities for qualifying participants. The sale will have a maximum expected receipt of $40 million in Signal Tokens.
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