Transcoder Campaign: Stake Capital
We are proud to announce the Stake Capital Transcoder is live!
At Stake Capital, our mission is two-fold:
- Educate & Help new users to participate in decentralised economies.
- Contribute & Secure decentralised networks with no conflict of interest.
Educate New Users
Early adopters of Livepeer have a deep understanding of the Livepeer mechanics, but we believe it can intimidating for new users to bond tokens or choose the right transcoders for their strategy.
We are publishing tutorials to educate new users on these concepts and to guide them throughout this journey (e.g: Livepeer delegation tutorial). We also have a live support on Telegram to answer any questions.
This is only the beginning, but we are excited to educate users on the potential of Livepeer!
Secure the Network
With great power comes great responsibility. Token holders who delegate to Stake Capital are trusting us to be reliable, and we won’t disappoint them.
From integrating hardware security module (HSM) support directly into our Tier 3+ servers, to deploying cloud based sentry nodes across the globe to ensure uptime and minimise latency, Stake Capital does not compromise on security or reliability.
We have partnered with BSO, an award-winning Ethernet network, Cloud and Hosting provider. BSO provides dedicated and secure connectivity to our HSM-enabled servers for maximum security. In addition, we are working with two leading cloud providers (Amazon Web Services & Google Cloud) to provide optimal reliability.
Contribute to the Network
Our fee structure is the following:
- 1% reward cut
- 50% fee share
- 150 GWEI
Our transcoder’s revenue will be used to finance:
We want to have an extremely reliable infrastructure, so we can offer reliable transcoding services when the network has significant activity to ensure no Stake Capital delegators ever gets penalised.
2. Open Source Development
More importantly, we intend to use our revenue to finance and develop open source tools for the Livepeer Network. For example, our latest project, dTok, won at the ETHCapeTown hackathon yesterday.
Current Livepeer economics require the broadcaster to pay for the cost of running a stream.
We created dTok, a pay-as-you-go dApp allowing viewers to pay to access a live stream by the minute. The dApp combines:
- Livepeer for transcoding,
- Burner Wallet for frictionless UX
- Raiden Network for lightning-fast payments
- DAI for stable payments
- Ethereum Naming System for stream discovery
We ran an initial proof-of-concept with Ricardo of TribalNeed to live stream his unique melodic electro music live from the ETH CapeTown hackathon. Via the platform, Ricardo received more than $1075 in DAI contributions. He shared his performance with the world via our platform for independent, censorship-resistant, live-streaming.
You can read more about our experience and view a live demo of dTok here.
We have been following Livepeer’s development for quite some time, before starting Stake Capital in fact. We want to have a sustained, positive impact on the network, and to do so, we need your support. Please delegate your Livepeer token to our transcoder, and if you have any questions, you can ask them here or on our Telegram.