7. Ecosystem Design
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[ENG]【$GET】 Global Entertainment Token White Paper
Last updated
GET ecosystem is designed to solve several challenges faced by other tokens and blockchain projects, with a particular focus on user experience, transaction costs, liquidity, security, and environmental friendliness.
In traditional blockchain projects, the high cost of gas has been a hindrance to the user experience. Especially in the entertainment world, paying for gas and preparing tokens in advance are major barriers for casual users.
Cardano blockchain used by GET is a Proof of Stake (PoS)-based blockchain, which is characterised by low gas costs for transactions. This enables GET to provide an environment where gas costs are almost negligible or do not occur for sending, receiving and transactions. This allows casual users to participate without having to worry about preparing for gas costs or acquiring tokens, facilitating wider penetration of the entertainment market.
Transactional delays that occur during entertainment content consumption, even for a few seconds, can be stressful for users. Latency is a particular problem for users who expect an immediate response, especially on mobile and PC.
The fast transaction processing of the Cardano blockchain allows GET to achieve almost instantaneous transactions. This allows users to enjoy entertainment content without any waiting time, providing a seamless experience similar to that of Web2 products.
While there are many excellent products on public blockchains today, there are also many scams and low-quality projects that put users' assets at risk. This causes the general public to be apprehensive about using blockchains.
Cardano blockchain's security protocols enable GET to eliminate fraudulent projects and threats. In addition, a rigorous project selection process and security audits are carried out to ensure a secure environment for users to use the tokens.
Many token projects lack liquidity, and the challenges are stagnant trading and price instability.
GET will strengthen the incentive for users to actively trade and hold tokens by introducing project deployment and staking incentives to promote trading. This will promote token usage within the ecosystem, which is expected to lead to price stability and overall market growth.
Monetization and management of intellectual property (IP) in the entertainment industry is a challenge for creators.
GET provides a mechanism to maximize the value of IP content by leveraging blockchain technology. This allows creators to tokenize their work and offer it to fans for direct monetization. The ability to manage and monetize IP without intermediaries is a major advantage for creators and IP holders.
従Many traditional blockchains, especially those based on Proof of Work (PoW), are problematic because they consume large amounts of power and place a burden on the environment. This raises concerns about sustainability, especially in larger entertainment projects.
GET utilizes Cardano's PoS consensus mechanism to create an energy-efficient ecosystem: PoS consumes far less energy than PoW and significantly reduces the environmental impact. This allows entertainment projects to operate sustainably and create an eco-friendly business model. An eco-friendly approach will be an important.
GET ecosystem improves user experience, accelerates transactions, is environmentally friendly, enhances security, increases liquidity, and maximizes IP value. It works with existing entertainment platforms and projects to provide a solid foundation for sustainable growth. With these elements, GET solves the challenges of other tokens and blockchains, creating a reliable and environmentally friendly ecosystem for users.
