Script Network
Script Network is a blockchain-based platform integrating decentralized technology with live television and video streaming. It combines a dual-token economy, decentralized storage, and community-driven governance to offer innovative content distribution and viewer engagement solutions. [1]
Overview
Script Network is a Layer 1, open-source platform for live television, protocol operations, and storage. Its flagship product, Script TV, introduces a watch-to-earn model that rewards users while they watch, provides decentralized video storage, and redefines video advertising within the crypto industry. Users can further engage through GameFi features both on and off the blockchain. Script Network's mission is to democratize and decentralize television by offering free premium broadcast content while rewarding viewers. The platform promotes user involvement in content governance, enabling holders to influence broadcast decisions. Script Network employs a multi-layer consensus system built on a custom blockchain, including Validator and Lightning Nodes, for secure block production. Smart contract support facilitates tokenized ownership, transparent royalties, and innovative payment models. Its decentralized infrastructure enables real-time video capture, transcoding, and global relay without dependence on centralized servers. [2][3]
Products
ScriptTV
ScriptTV utilizes blockchain technology to transform television by integrating linear TV content with Web3 capabilities. Linear TV offers synchronized viewing experiences enhanced by Script's decentralized features, including token rewards, NFT integration, and a live marketplace. The platform reduces streaming costs and incentivizes users to contribute bandwidth and share content. ScriptTV connects traditional media with blockchain, creating revenue opportunities for TV stations, advertisers, and content creators while addressing delayed payments, low ad revenue, and limited engagement. Features like live chat and watch-to-earn mechanisms improve interaction and incentivization. [2][3]
NFTs on the platform serve digital and physical applications, such as use in the metaverse or conversion to real-world benefits like cinema tickets and event access. ScriptTV combines blockchain with established and emerging technologies to reshape television and streaming, delivering scalable and interoperable solutions for global users. [2][3]
Advertising Protocol
Script TV integrates a Web3 ad protocol, enabling in-stream video advertising from brands, organizations, and Web3 companies across millions of devices. Revenue is generated through non-skippable ads shown during programming, with advertisers paying Script Network in fiat on a 30-to 90-day cycle. Additional revenue streams include on-chain transaction fees from dApps and content partners using Script Blockchain, sales of original content to media distributors, and the NFT marketplace for exclusive ecosystem items and ScriptGLASS transactions. Premium TV options, offering ad-free viewing and exclusive channels, and enterprise solutions for storage, transcoding, and delivery further diversify revenue. [3][4]
ScriptGLASS
ScriptGLASS is an NFT collection integrated into ScriptTV's watch-to-earn protocol. Users must equip at least one pair of ScriptGLASS to participate in daily earning activities. Each pair is visually unique and assigned a rarity level influencing earning potential. Users can enhance their earnings by upgrading their glasses, recharging them, or purchasing items like gems for multipliers and raffles. Advanced-level glasses unlock access to loot boxes with additional benefits. The first mint of ScriptGLASS is free, requiring users to accumulate 1,000 points to mint their initial pair and begin earning rewards. [3]
Script Blockchain
The Script Blockchain is designed for video and data relaying, utilizing a multi-BFT consensus mechanism. Validator Nodes propose and produce blocks, while community-run Lightning Nodes seal them and monitor Validator Nodes for functionality or malicious activity. It supports Turing-complete smart contracts, enabling diverse user experiences. [5]
Content Governance
Script TV introduces content governance, enabling viewers to propose and vote on preferred genres or types of content using SCPT tokens. Approved proposals guide future programming decisions, with AI frameworks, such as RNN, recommending content genres. This system leverages Nvidia technology through Script TV's participation in the NVIDIA program for decentralized television development. [3]
Script Explorer
The Script Explorer is a blockchain explorer that views and verifies transactions on the Script blockchain. Users can check balances, transaction histories, and details by entering an address or transaction hash. Enhanced for smart contract support, it allows developers to verify contract source code, query interfaces, and track on-chain events for debugging. The explorer operates via the Script Explorer Microservice Node, which is accessible through a REST API. [6][7]
Tokens
Script Network operates a dual-token economy comprising SCPT for governance and SPAY for payments, transactions, and rewards. Script TV features multiple channels offering continuous programming, with gamification elements allowing users to enhance their experience and increase daily earnings. Rewards can be redeemed for premium content, upgradable NFTs, and other benefits. Initially launched on BEP-20 and SCR-20 standards, SCPT and SPAY ensure compatibility with popular wallets like Metamask and Trust Wallet. A planned 1:1 conversion to the Script Blockchain will offer greater flexibility in storage and transactions. Tokens will also be available on centralized and decentralized exchanges, with options for secure offline storage through hardware wallets, ensuring liquidity and ease of use. [2][3]
SCPT
SCPT serves as the governance token for Script Network, enabling participation in decision-making and network operations. It supports staking for node participation and payments for relayed streams. SCPT is also central to the platform's global advertising network, facilitating transactions for businesses advertising across its decentralized ecosystem. This token underpins transparency and efficiency in ad services, supporting Script Network's reach across millions of devices. [8]
Tokenomics
SCPT has a fixed total supply of 1B tokens and has the following allocation: [9]
- Seed Round: 18.44%
- Marketing: 15%
- Product Development/Content: 13.73%
- Team: 10%
- Network Seeding: 9%
- Community/Airdrops: 9%
- Public Sale: 6.49%
- Liquidity: 5.5%
- KOL Round: 3.75%
- Advisors: 3%
- Community Round: 2.54%
- Partnerships: 2.5%
- Alpha Round: 1.05%
SPAY
SPAY tokens are central to the Script Network ecosystem, supporting various functions like rewards, transactions, and platform services. Users earn SPAY by watching content, while content partners receive it based on viewer engagement. Devices running the ScriptTV app can act as nodes, earning additional rewards by distributing video data. SPAY is also essential for features like NFT upgrades, analytics subscriptions, asset management, and cloud-native broadcasting services. The token powers decentralized storage, transcoding, large-scale file transfers, and AI-driven computational tasks, ensuring scalability and efficiency. Payments for content distribution, live events, and video player integration are processed in SPAY, solidifying its role in the platform's decentralized operations. [8]
Tokenomics
SPAY has a total supply of 5B tokens and has the following distribution: [10]
- ScriptGLASS: 50%
- Airdrops: 12%
- SPAY Staking Rewards: 10%
- Marketing: 10%
- Lightning Node Rewards: 8%
- Liquidity: 5%
- Validator Node Rewards: 3%
- Edge Node Rewards: 2%
