If you’re curious about what is Script Network and how you can participate in the exciting SCPT airdrop, this article has everything you need to know. Keep reading to discover the key features and steps to maximize your rewards!
What is Script Network?
Script Network is a decentralized platform designed to revolutionize the video entertainment and advertising industries. Built on a layer 1 blockchain, it introduces a unique “watch-to-earn” model. Users earn rewards while watching live TV, and all content is stored on a decentralized network. This means that Script Network is both a protocol and storage solution that empowers users and content creators alike. By decentralizing video storage and introducing blockchain-based advertising, it changes the way both consumers and advertisers interact with media. In the following sections, we’ll dive into what makes Script Network unique, how it works, and why it’s a game-changer in decentralized media.
Key features of Script Network
Watch-to-earn mechanism
Script Network’s standout feature is the “watch-to-earn” model. Imagine earning while you watch your favorite TV shows. This concept merges entertainment and blockchain, allowing users to receive SCPT tokens based on their viewing time. This is made possible through NFTs called ScriptGlasses, which track viewing activity. The more you watch, the more rewards you can earn, especially if you upgrade your ScriptGlasses. This system gamifies the viewing experience, ensuring that users stay engaged while benefiting financially.
Decentralized video storage
Another game-changing feature of Script Network is its decentralized storage. Traditional platforms rely on centralized systems like AWS, which can be costly for businesses. Script Network cuts these costs by over 80% by offering a blockchain-based solution. With decentralized storage, content is spread across nodes, reducing reliance on a single point of failure. This not only saves money but also increases security and scalability. For companies struggling with high storage costs, this is a major advantage.
Gamified rewards system
Earning tokens for watching TV might seem simple, but Script Network adds a layer of complexity with its gamified rewards system. The platform uses NFTs, specifically ScriptGlasses, to track and reward viewers. These NFTs can be upgraded, meaning the more you watch, the better rewards you can unlock. This introduces an element of strategy to the viewing experience, encouraging users to stay active and engaged. It’s not just about passive consumption anymore—users can level up and compete for greater rewards.
Ad revenue system
Advertising on Script Network is unlike anything you’ve seen on traditional platforms. Instead of paying with credit cards, advertisers use tokens to buy ad space. Ads run for 30 to 45 seconds on live TV, and the current cost per thousand impressions (CPM) is around $9, which is expected to rise as the platform grows. This decentralized approach to advertising not only cuts out the middleman but also allows advertisers to target specific audiences using blockchain technology. Crypto and NFT projects, in particular, stand to benefit from this system, which is more transparent and efficient than traditional advertising.
SCPT token overview
Token utility
SCPT is the native token of Script Network. It serves multiple purposes, including governance, staking, and payment. Users can stake SCPT tokens to participate in the network’s governance, making decisions on future developments. Additionally, SCPT is used to pay for services within the ecosystem, such as storage fees and ad placements. This utility ensures that SCPT remains integral to the network’s operations.
Earning through SCPT
One of the key ways to earn SCPT is through the watch-to-earn model. Users can accumulate tokens by watching content on Script TV, with the amount of SCPT earned depending on the time spent watching and the level of their ScriptGlasses NFT. Furthermore, users can trade these NFTs on the Script Marketplace, creating another avenue for earning SCPT.
NFT integration
Script Network’s use of NFTs, specifically ScriptGlasses, is central to the watch-to-earn model. These NFTs track viewing activity and allow users to earn SCPT tokens. They are also upgradeable, meaning users can improve their rewards by leveling up their ScriptGlasses. This creates a unique blend of entertainment and blockchain technology, where users are rewarded for their participation in the network.
SCPT airdrop guide
To participate in the SCPT airdrop on Script Network and maximize your chances of earning rewards, follow these steps:
- Sign up for an account
Head to the Script Network website and create an account. This will give you access to the platform and allow you to start earning Script Points. - Verify your account
After signing up, make sure to verify your account through the required authentication methods. This is essential to unlock features like earning points and completing tasks. - Complete daily tasks
Every day, check the dashboard on the homepage and complete the available tasks to accumulate “Script Points.” These points could later be converted into SCPT tokens when the airdrop happens. - Use your referral code
Once your account is verified, you will receive a referral code. Share this code with others, as more referrals lead to more points. The more people use your code, the better your rewards. - Access the testnet wallet
Navigate to the dashboard and click on “Wallet Testnet” on the left-hand side. Follow the prompts to create a new testnet wallet. This wallet will be used for conducting trial transactions on the testnet. - Get tokens from faucet and make testnet trades
After creating your wallet, use the provided faucet to receive testnet tokens. Then, complete a few trades on the network to familiarize yourself with how transactions work. - Run a testnet lightning node
Running a testnet lightning node can help increase your rewards. Follow the steps on the dashboard to set up your node. This process allows you to contribute to the network’s stability and earn extra points. - Watch at least 3 hours of Script.TV Daily
To boost your chances of a higher airdrop, make sure to watch at least 3 hours of Script.TV daily. You can watch any channel, and the more hours you accumulate, the more points you earn. - Follow Script Network on social media
Stay updated by following Script Network on X (formerly Twitter), Discord, and Telegram. Important announcements about the airdrop and new tasks are frequently posted here. - Complete Zealy and Galxe quests
To further increase your chances of earning a bigger airdrop, complete quests on Zealy and Galxe platforms. These tasks reward you with XP, enhancing your eligibility for future rewards. - Stay informed on $SPAY airdrop information
Details about the $SPAY airdrop (Season 1) will be announced later in September. Keep notifications on for Script Network’s X account to stay updated on important dates, new tasks, and airdrop information.
By following all these steps and staying active on the platform, you can maximize your chances of receiving a significant reward in the SCPT airdrop.
Script Network ecosystem
Script TV
At the core of Script Network is Script TV, the platform where users can watch live TV and earn rewards. Unlike traditional streaming services, Script TV uses a blockchain-based model to distribute content and rewards. Users can watch their favorite shows while earning SCPT tokens, making it a more interactive and rewarding experience than standard TV viewing. This decentralized model ensures that users have more control over their viewing experience and rewards.
Script Marketplace
The Script Marketplace is the only place where users can buy, sell, and trade ScriptGlasses NFTs. These NFTs are essential for participating in the watch-to-earn model, as they track viewing activity and determine the amount of SCPT tokens earned. The marketplace also allows users to upgrade their NFTs, enhancing their earning potential. With a 5% fee on all transactions, the marketplace is a key revenue stream for Script Network.
Script Enterprise
For businesses, Script Network offers a decentralized storage solution called Script Enterprise. This service is designed for companies looking to save on storage costs, with Script Network claiming to reduce costs by over 80%. By storing content on a decentralized network, businesses can avoid the high fees associated with traditional storage solutions like AWS. This makes Script Enterprise a valuable tool for companies dealing with large amounts of data.
Script Blockchain
Script Network operates on its own layer 1 blockchain, which provides the foundation for its entire ecosystem. The blockchain supports decentralized apps (dApps), allowing developers to build on the platform. It also offers grants and non-financial rewards to filmmakers, studios, and content creators who want to develop video-based products on the blockchain. This creates a vibrant ecosystem where content creation and blockchain technology intersect.
Unique selling propositions (USPs)
Decentralized content creation & interaction
One of the most unique aspects of Script Network is its decentralized approach to content creation and interaction. Filmmakers and content creators can engage directly with their audiences using NFTs and blockchain technology. For example, a filmmaker can launch an NFT giveaway during a live broadcast, offering viewers exclusive rewards. This creates a more interactive and engaging experience than traditional media platforms.
No middlemen in Ad purchases
Script Network eliminates the need for middlemen in ad purchases. Advertisers can buy ad space directly on the platform using SCPT tokens, without the need for credit cards or intermediaries. This makes the advertising process more transparent and efficient, particularly for crypto and NFT projects. The ability to pay for ads with tokens is a game-changer in the world of advertising, offering a decentralized alternative to traditional ad platforms.
Lower barriers for content creators
For small content creators and filmmakers, Script Network offers a more accessible platform than traditional media outlets. The platform provides grants and rewards to creators who build on the network, reducing the financial barriers to entry. This democratizes content creation, allowing more creators to share their work with a global audience. Additionally, the decentralized nature of the platform ensures that creators retain more control over their content.
Revenue streams for Script Network
Video advertising
One of the primary revenue streams for Script Network is video advertising. The platform runs non-skippable ads during live TV broadcasts, with advertisers paying in SCPT tokens. The current CPM is around $9, but this is expected to increase as the platform grows. Script Network also plans to sell premium ad slots to long-term clients and special events, creating additional revenue opportunities.
NFT marketplace
The Script Marketplace is another key revenue stream. Every user participating in the watch-to-earn model must own a ScriptGlasses NFT, and the trading of these NFTs generates revenue through a 5% transaction fee. Additionally, users can upgrade their NFTs, creating further opportunities for revenue generation.
Enterprise storage solutions
For businesses, Script Network offers decentralized storage solutions through Script Enterprise. This service allows companies to store content on the network at a fraction of the cost of traditional storage solutions. Script Network charges a fee for this service, which is paid in SCPT tokens.
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