Script Network, a Netflix rival, aims to overtake BNB and ethereum
The crypto world is ever-evolving as new assets are introduced. Although some have posted deep losses over the years, there are assets that have been outperforming the broader markets.
Binance coin (BNB) and ethereum (ETH) are two major cryptocurrencies whose values have remained firm over the years. Their respective platforms have also contributed significantly to the growth of the industry due to their utilities.
Script Network (SCPT) is a decentralized television network and ecosystem that incorporates the features of blockchain and watch-to-earn technology. It has the potential to rival media giants such as Netflix, seeking to improve the television experience for studios, content owners, and users globally.
Let’s explore how SCPT can be as valuable as BNB or ETH.
Script Network: The watch-to-earn platform
The Script Network is a television platform built on the Script blockchain. It possesses several on-chain products, including Script Video NFTs, Script Television, and other decentralized applications (dapps). They are created for the scale within the film and television industries.
The core product is Script Television that features over 30 channels with various production content from documentaries, sports, and films. ScriptGLASS is another essential product. It is a tradable and upgradable non-fungible token (NFT) collection connected to the platform’s watch-to-earn mechanism. Each ScriptGLASS NFT is unique and equipped with attributes that the owner can improve and upgrade. An upgraded ScriptGLASS improves its owner’s watching experience, allowing them to earn more rewards.
Script Network users are offered the opportunity to earn rewards on and off-chain simply by watching television. These rewards are given as special watch-to-earn tokens known as SPAY. The Script Network also features another token, SCPT, the official governance token that enables its holders to participate in the decision-making.
BNB is core to the Binance ecosystem
BNB is one of the major cryptocurrencies today. It is the primary utility token that powers Binance, one of the world’s biggest crypto exchanges. Investors are exploring Binance as BNB has been on an uptrend.
Binance has two coin-burning mechanisms that permanently remove coins from circulation. In the first mechanism, a portion of the tokens spent on transaction fees is burned. The second method is the quarterly burning of the BNB supply. This helps sustain BNB’s value and creates a deflationary effect.
Ethereum promotes smart contract functionality
Ethereum is an open-source blockchain network based on decentralization and smart contract technology principles. The network is powered by its native cryptocurrency, ETH, which facilitates transactions on-chain.
The platform is the pioneer of the decentralized finance (DeFi) market. DeFi protocols use smart contracts, which are programs designed to execute code automatically necessary to fulfill an agreement between several parties. Smart contracts have helped reduce transaction costs, increase transaction reliability, and eliminate the need for intermediaries.
Script Network is focused on changing the television experience for users with its features and decentralized technology.
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