MILC x Satoshi Club AMA Recap from 9th of April

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from MILC and our guest was Kartik Arora and Eugen Nussbaum. The AMA took place on 9 April.

The total reward pool was 500$ and has been split into 3 parts.

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Website

Gold Rocket | Satoshi Club:
Hello, dear community!

Eugen Nussbaum:
Hello everybody and a happy Friday! ✌️

Gold Rocket | Satoshi Club:
We are very glad to conducting AMA with MILC!

D. | Satoshi Club:
Today our guests are @KartikArora99 and @WDWofficial_WillNotDMfirst !

Gold Rocket | Satoshi Club:
Today our guests are Kartik Arora – Project Lead @KartikArora99 and Eugen Nussbaum – Business Director @WDWofficial_WillNotDMfirst!

Gold Rocket | Satoshi Club:
Hello and welcome to Satoshi Club, Kartik and Eugen!

Eugen Nussbaum:
Thank you so much for having us here today! 🔥

Gold Rocket | Satoshi Club:
We are honored to have you here today😊

Kartik Arora | Will never DM first:
Hey guys,

Its a pleasure to be here with you guys! 👋😄

Gold Rocket | Satoshi Club:
Let’s start! 😊
Introduce yourself please. How did you get to be involved in crypto & MILC?

Kartik Arora | Will never DM first:
Sure!

Hey guys,
I am Kartik Arora. I have been working in this industry for more than 4 years now, and I have grown quite a good network since.

I have worked for quite a few projects while being in the background, and recently got a chance to be a contributor in MILC project. I will be leading the marketing front for MILC, and will use my well-established network to create most awareness about it.

Thanks for having me here today.
Looking forward to a great AMA session!

Eugen Nussbaum:
My name is Eugen Nussbaum: based in Munich, Germany. I am Business Director at Welt der Wunder, the brand and company behind the MILC project, since 2013. During this time i have seen pretty much all facets of the media and broadcast industry, from production, to buying/selling and broadcasting especially video content.

We always have been ahead with our vision of what we call “infotainment”. We are a very enthusiastic and innovative team of creatives, producers, developers and business dudes. Always curious and always open-minded.

It was natural for us, that since 2017, we have been working intensively on the opportunities that blockchain and crypto offer in our industry and are convinced that this technology is a game changer in this sector and for this reason we have opened up the project to the crypto world.

Gold Rocket | Satoshi Club:
You guys have a great background!👍👍👍

D. | Satoshi Club:
Indeed! could you tell us what is MILC all about? 😇

Gold Rocket | Satoshi Club:
And very nice memes btw😁

Eugen Nussbaum:
😊🥳

Kartik Arora | Will never DM first:
Sure,

MILC platform aims to provide the industry with an open new marketplace for every professional and non-professional content provider and buyer that incorporates cutting-edge broadcast, blockchain and AI-technology which can become a game-changer for the entire media content industry.

It solves four fundamentally important challenges of the global media industry:

  • Global availability,
  • Discovery process for Buyers,
  • Complex licensing,
  • Early feedback from viewers.

MILC will ease up the licensing process, help in reducing the cost of generated content by removing middlemen, get early feedback on generated content directly from the consumers, and will make the content available all around the world in one go.

Simple but a long-awaited solution at one place! 👌

D. | Satoshi Club:
Btw did you know that they are running a MEME contest?👀

Eugen Nussbaum:
Exactly!
And furthermore the problem of international media license trade has been further intensified by the COVID-19 crisis. Even prior to that, the industry suffered from a very outdated approach to content license trading. Around the world, all of the major programming trade fairs have been canceled and won’t likely resume anytime soon. This results in less variety, less innovation and more and more repetitions. In addition the current climate debate is keeping the content industry in check. Due to the climate crisis, it is unsustainable for hundreds of thousands of media industry representatives to fly across the world every year to try to sell their content.

Currently, all relevant worldwide program trade fairs have been cancelled and their return in this form remains questionable. Prior to this time, it was practically a requirement for relevant program vendors or buyers to attend these trade fairs on a regular basis.

So we see a boost for our project in this crisis and this is why we are stepping on the gas and don’t want to wait any longer.

Eugen Nussbaum:
They are GIFs actually 😄

Gold Rocket | Satoshi Club:
Yes! I read an article as a medium. but unfortunately could not join. there was a wrong link on twitter🙈

Kartik Arora | Will never DM first:
Yes indeed!!

Here for the details guys: https://twitter.com/MILC_MLT/status/1377216945368526849?s=19 🥳🎊

D. | Satoshi Club:
Awesome! 👍

Gold Rocket | Satoshi Club:
Indeed😁

Gold Rocket | Satoshi Club:
Thanks for sharing!

Kartik Arora | Will never DM first:
5 IDO allocation spots to be given.
And we are also extending the deadline btw (news)!

Feel free to join guys!!

Eugen Nussbaum:
Oh no! Sorry for that!
We recently made some adjustmenst..

Due to several confusions regarding the abbreviation of the platform name “MILC” and the token ticker $MLT, we made some adjustments to our public appearances.

We have updated our Twitter (https://twitter.com/MILCplatform) & Telegram (https://t.me/MILCplatform) username to @MILCplatform 🎊

MILC Platform – Media Industry Licensing Content Platform

$MLT – Media Licensing Token

We hope you like our latest branding, & it brings more clarity with this modification! 🙌🎬

Gold Rocket | Satoshi Club:
Satoshi Clubbers join contest🚀

Eugen Nussbaum:
Yes please! Show us your creativity! 🎬

Kartik Arora | Will never DM first:
🥳🥳🎬🎬

Gold Rocket | Satoshi Club:
Thanks a lot for the clarification!😊

D. | Satoshi Club:
Thank you for the amazing intro! if you are ready we can open the first part of AMA?🥳

Kartik Arora | Will never DM first:
Yes lets go for it! 🙌

Eugen Nussbaum:
Let’s rumble! 🎉

D. | Satoshi Club:
🚀🚀🚀

Q1 from Telegram user @victorogb
Through a careful run down of your roadmap, I noticed that MILC has been in the works for almost four years till date trying to build, grow and create the much needed awareness and buzz around the MILC brand with some major works still scheduled for Q1-Q4 2022. With all respect though, four years seems like a lot of time to still be building and fine-tuning around a project, especially with no formal launch and use of the project world wide. So why has it taken so long to build the MILC brand, what challenges were encountered along the way?

Kartik Arora | Will never DM first:
To make it clear,

MILC platform has been internally tested on 2 media broadcasting firms for years now: Welt der Wunder TV and Swiss TXT.

Welt Der Wunder:-

Website: https://www.weltderwunder.de/

Youtube: https://youtube.com/c/WeltderWunder

SwissTXT:-

https://www.swisstxt.ch/en/

We are not a start up project, we already have a working product. And our public launch is expected in just 3 months (or less).

So it is actually better for our supporters that we are launching our token near our Public Platform launch.
Welt der Wunder TV has 25 years of experience in this space, and MILC platform is being built to solve some of the hectic/recurring issues of the media industry.

We are highly confident that the MILC platform will get much adoption with its Public Launch!! 👌👌⚡️🎬

D. |Satoshi Club:
Yep, these companies are well-known 👍

Gold Rocket | Satoshi Club:
What cooperation with Welt der Wunder TV and Swiss TXT gave you.

Eugen Nussbaum:
Absolutely legitimate question! 😃
And indeed, how Kartik says, it’s really important to understand that we are not talking about a start up project, but we use the platform on both our networks on a daily basis. But also due to covid-19 the whole development got delayed, but now is the time to go the last mile!

Gold Rocket | Satoshi Club:
That sounds good! 👍

Kartik Arora | Will never DM first:
Welt der Wunder *is” the team behind MILC project!

And SwissTXT are our tech partners!

D. | Satoshi Club:
Thank you for clarify this 😁

Gold Rocket | Satoshi Club:
Thank you for helping us figure this out. 👍

Eugen Nussbaum:
We as Welt der Wunder bring 25+ years experience in producing, licensing and broadcasting content. Swiss TXT gave a push technical wise and out of that the idea of MILC arose really fast

Kartik Arora | Will never DM first:

😉😉😉

Eugen Nussbaum:
This Guy looks familiar to me 😄

D. | Satoshi Club:
And he has lots of subs 😉😁

Kartik Arora | Will never DM first:
Haha 🤣

Gold Rocket | Satoshi Club:
Thanks for the clear answer! ready for the next question?😉

Eugen Nussbaum:
👌🎬

Q2 from Telegram user @lukacy
You recently changed your token from $MILC token to $MLT. What was the major challenge that prompted you to change to a new one? Any improvement? There were some people holding the $MILC before the switch. How will this change favor the $MILC holders? The price of both tokens differs. Hope this in anywhere won’t affect the $MILC holders. Is there opportunity for swapping and how will it be done?

Gold Rocket | Satoshi Club:
Partially answered. But maybe you have something to add and also share your tokenomics😁

Eugen Nussbaum:
I am here to entertain and @KartikArora99 is the one to deliver information and clarification 😁😉

He’s not a man of short sentences😄

Gold Rocket | Satoshi Club:
Chill please😁👍

D. | Satoshi Club:
But this is a good thing, the more information from him, the less additional questions from us 🤣

Kartik Arora | Will never DM first:
So we had a fundraising round in 2018, but the team wasn’t able to raise the required amount to fund the development.

Instead of being in a stand-still state, the team worked on the development out of their own pocket and added many new features meanwhile.

Now we are having our fundraising round as it is the best time for us (Platform launch in just 3 months)!

For the previous investors, they will get their tokens in 1:50 ratio. Price is also changed accordingly so that it matches their investment amount and stand at no profit/loss situation.

Plus the tokens will be airdropped directly in their wallet and they won’t have to do anything, thus making it very convenient for our long-term supporters!! 😊🙌

Kartik Arora | Will never DM first:
I will try my best! 🤣🤣

Gold Rocket | Satoshi Club:
Yes! early birds all the grains will peck😉

Eugen Nussbaum:
You are doing great! 💪

D. | Satoshi Club:
So token swap already happened or it will happen soon?

Kartik Arora | Will never DM first:
Those investors will follow the new private sale release structure.

Some on TGE, and then vesting over few months for the remaining amount. 👌⚡️

Eugen Nussbaum:
TGE has not taken place yet, but we will announce the date soon. Just a few more weeks of patience from your side and intense weeks for us 😉

D. | Satoshi Club:
Ok, got it, thank you for great answers! 👍

Kartik Arora | Will never DM first:
🎬🎬🎬

Kartik Arora | Will never DM first:
Our pleasure!!

Gold Rocket | Satoshi Club:
Please do not forget to inform us about the launch at Satoshi Club🙏

Kartik Arora | Will never DM first:
Yes indeed!

SatoshiClub community is great and we will be happy to share updates with you guys! 💪

Gold Rocket | Satoshi Club:
And we really like you guys too 😁

Now everyone will like the next question, maybe? Or can you tell us about tokenomics?😉

Eugen Nussbaum:
Thanks a lot! This makes work real fun ! 😃

Kartik Arora | Will never DM first:
When it comes to numbers, images are the best!

Eugen Nussbaum:
I would say a picture is worth a thousand words👨‍🎨@KartikArora99

Kartik Arora | Will never DM first:
Total supply will be 200 million.

33.2 million will be our Initial Circulating Supply.

Eugen Nussbaum:
Kind of telepathic connection 😆👌

Gold Rocket | Satoshi Club:
Both of you are doing great! 👏👏👏😁

Gold Rocket | Satoshi Club:
Teamwork😁

D. | Satoshi Club:
Nice! and you have some burning mechanism as i know? 👀

Kartik Arora | Will never DM first:
Yes you got that right!

A certain percentage of each purchase happening on MILC platform will lead to a token burn.

The burn rate could also be changed through governance and voting with our platform launch, as MILC will be a community-driven project!

Eugen Nussbaum:
No coincidence that we have a video about this…unfortunately in german for you guys maybe…but thanks to MILCplatform soon in every language 😉🎬
https://www.youtube.com/watch?v=l6K5Vwetyvw

Gold Rocket | Satoshi Club:
Sounds great 👍

D. | Satoshi Club:
Thanks a lot guys for the detailed answers! ready for the next question? 😇

Kartik Arora | Will never DM first:
Lets go!! 🚀🚀

Eugen Nussbaum:
Just throw it in 😃

Q3 from Telegram user @Highpee
Two features that caught my attention is that you are going to implement AI-powered subtitling and AI-translation for the contents that will be available on your platform. How many languages will be supported by this innovation and what type of media content will the AI translation be able to capture? Will these features be readily available to content producers/ buyers as a free customizable feature or will it be an advance feature that you will only make available for consumption only after a premium or additional subscription is paid?

Gold Rocket | Satoshi Club:
How this question was asked in time😁

D. | Satoshi Club:
Good timing 👀

Eugen Nussbaum:
AI support is an essential feature in the platform when we talk about accessibility. We can’t expect every creator to deliver in different languages, but for buyers it’s mandatory to know what’s the story. So this has to be a free feature!

Kartik Arora | Will never DM first:
👌👌😉

Gold Rocket | Satoshi Club:
At whose expense is the banquet? Who pays for it then?😉

Eugen Nussbaum:
Right now english is the most widespread language and for this reason this is the easiest implementation, other languages will follow.

Eugen Nussbaum:
The platform will charge 10% of every transaction to be able to provide such services 😉

Gold Rocket | Satoshi Club:
This is a smart and forward-looking solution to the issue.👍

D. | Satoshi Club:
And your token will be playing some important role in this? 😉

Eugen Nussbaum:
But with growing use of the platform, we plan to decrease this fee!

Kartik Arora | Will never DM first:
👀👀👀

Kartik Arora | Will never DM first:
The token of MILC platform will be $MLT.

  • MLT token will be used to pay for any purchase taking place on the MILC platform. MLT token represents a one-click-solution including contract signature, approval and payment.
  • MLT token will also be used a governance token for community to propose and vote for changes in the platform features, or in token utility.
  • The MILC platform will also act as a “Content Launchpad” where content creators can get funded for their work, and MLT token will be required to participate in that.
  • And we will also support MLT token staking with our launch! 💪

Gold Rocket | Satoshi Club:
Does community activity affect the final product?

Eugen Nussbaum:
Submitted by a community member 😃

Eugen Nussbaum:

Gold Rocket | Satoshi Club:
Great job 👍

D. | Satoshi Club:
Nice! all in one platform !

Kartik Arora | Will never DM first:
That’s correct.

Community will be able to propose any change in the platform feature, and then vote on it to approve/decline it.
This is great as the platform will now work according to what the majority users want.

They will also be able propose changes in staking return rate, burn rate or so. 👌👌

Eugen Nussbaum:
Indeed! Early audience feedback is so important in the industry!

Gold Rocket | Satoshi Club:
Well guys, thanks for your answers! ready for the next question?🚀

Kartik Arora | Will never DM first:
Always ready!! 🚀🚀

Q4 from Telegram user @Khur_eshi_Abr_aam
One of the features of MILC program is audience participation. So can you tell us more about how can audiences take part in MILC program ? What are the benefits that an audience will get for sticking your program in the long run?

Gold Rocket | Satoshi Club:
partially disclosed, but we ask you to add something important here 😊

Kartik Arora | Will never DM first:
Audience/Viewers will get multiple benefits through MILC platform.

Some points i made recently:

  • More content (B2B + B2C)
  • Global content in Local language
  • Cheaper content
  • Interact with producers directly
  • Earn from early feedbacks
  • User-friendly UI
  • AI features for seamless experience

This explains it very well, but more info the deeper you go!
(Not limited to just one industry, Cheaper content as easy licensing and no middlemen, More Content, Invest in “Content Launchpad” and so).

Eugen Nussbaum:
It’s quite crazy, but e.g. a $15 million film (which is considered a small-budget film in Hollywood) might have a promotional budget that’s higher than its production budget. This is because many films that don’t have a built-in audience (like those based on best-selling books like “The Hunger Games” or even “50 Shades of Grey”) need to get people into the theater.
So thats why we are building this bridge and of course token holders will participate!

This is how the puzzle becomes a picture💪🎬

Just like in gif above 😄

Kartik Arora | Will never DM first:
😎😎🎬🎬

Haha, true!! 🤣

D. | Satoshi Club:
Cooool! 😎 will your platform have some affiliate function for users? or maybe VIP program for those why want to spend more? 😇

Eugen Nussbaum:
We could mention NFT-coproduction or stuff like that…but i am quite sure you don’t want to here about that 😁

D. | Satoshi Club:
What?! NFT! 🤩

Gold Rocket | Satoshi Club:
You’re wrong! we want to know about it 😁

Eugen Nussbaum:
🤭🤫

Gold Rocket | Satoshi Club:
We really love secrets at Satoshi Club😉

Eugen Nussbaum:
For sure a 50k+ community can keep secrets 🤣

Eugen Nussbaum:
We have our eyes open on the latest crypto & blockchain developments and just like we entered that industry and build the bridge between a very traditional and on the other side an incredibly fast moving development, we already have plans in the drawer for the next steps 😉

Kartik Arora | Will never DM first:
Affiliate and other stuff is something we can always work on, but one thing i will like to point out here:

In MILC platform, the content creator will be able to put a “price tag” on your content.
This way anyone who wants to reuse your content will be able to just pay you upfront, and then use the content in the manner he desires.
This makes the legal/licensing process much easier for both parties.

This is something which you dont see in other platforms.

Gold Rocket | Satoshi Club:
This is a rather original feature👍

Kartik Arora | Will never DM first:
We would love to share it, but everything in time.

We are working on the base as for now, many things to be finalised. 😊

D. | Satoshi Club:
Yep, this thing is quite new for me 🤔

Kartik Arora | Will never DM first:
Yes indeed! ⚡️💪

Gold Rocket | Satoshi Club:
Thanks guys! Ready for the next question?😊

Kartik Arora | Will never DM first:
Always!!
Lets go!

Q5 from Telegram user @yiselen
I am an independent creator and I want my products to be promoted on the MILC platform. What are the main requirements that I must meet in order to be approved for the investment of the project in the middle? How do I obtain a content license?

Eugen Nussbaum:
First of all there is of course a legal check to every content or idea uploaded.
But everything else is mainly up to the uploader, as we don’t aim to be another gatekeeper, but on the contrary aim to democratise and liberalise this industry.
Many successful movies were already realized via crowdfunding, so it’s up to the idea and the community if you are successful, or not. But of course we as a broadcaster have our eyes on new ideas as well and promising ideas will be picked!

Kartik Arora | Will never DM first:
So this is also a bit related to our “Content Launchpad” too.

In that a creator will provide a Demo/Trailer of his work, and then get funded “from the community” accordingly.
This is also something unique we are offering in our platform.

This will act as a career jump-start for many creators, and investment/feedback/supporter opportunity for many viewers.

You can create or choose a license of your content using the standards provided, and then put a price tag or other details to it accordingly.

Also the points mentioned by the big guy @WDWofficial_WillNotDMfirst 😉🎬

Gold Rocket | Satoshi Club:
Great answers!

Gold Rocket | Satoshi Club:
Lol😁

Eugen Nussbaum:
“Big guy” was the code-word, right? 😆

Kartik Arora | Will never DM first:
🤣🤣

Gold Rocket | Satoshi Club:
thank you very much for the information! Are you ready for the last question of this part?

Kartik Arora | Will never DM first:
Yes lets go for it! 🙌

Q6 from Telegram user @yellowchamp
I found out in your website that MILC has a numbers of advisors and those advisors are the CEO or Founder from different big platforms like Mantra Dao, Ferrum Network, X21 Digital,Zenfuse, Swiss Txt Ag, and TGood. So why do you need many advisors in your platform? What is the major role of those advisors in MILC? What are their share or contribution to the development and innovation of MILC? Since they are from different platforms, do you wish also to collaborate those platforms that they came from? Thank you

D. | Satoshi Club:
As i remember Mantra Dao and Ferrum Network were our guests🤔

Gold Rocket | Satoshi Club:
Quite right👍

Kartik Arora | Will never DM first:
Each of them are prominent people in their industry.
They all have a well-established network and are ready to connect us with the great individuals/teams they know.

This is good for us as our network and connections will only grow from here, and we can rely on them for advise for any important step we take in our future.

We are happy to have them onboarded, and are excited to get in touch with many new people through them.
Great times ahead for sure! 😊🙌

Eugen Nussbaum:
Our vision is to build a complete tokenized global media house, that for we will need all the power and support we can get on the whole world and that’s what our advisors additionally reflect 💪

Gold Rocket | Satoshi Club:
You’re right! We live in amazing times. And the mass adoption of crypto is proof of that.🚀🚀🚀

D. | Satoshi Club:
Satoshi clubbers let’s join @MILCplatform 💪 we need more people in this wonderful community! 🥳🚀

Kartik Arora | Will never DM first:
Amazing guys, thanks for the share! 💪

D. | Satoshi Club:
No problem 😃

Gold Rocket | Satoshi Club:
Guys, I want to ask you again to share important links before the open part of the AMA with Satoshi Clubbers🙏

Kartik Arora | Will never DM first:
Yes please join our community chat:
https://t.me/MILCplatform

Our Telegram Announcement channel for all updates: @milc_announcement

And please follow our twitter channel for all insights and informational tweets about MILC:
https://twitter.com/MILCplatform

Much more to come on our twitter! 💪🎬

Eugen Nussbaum:
This guy is fast 🏎

Gold Rocket | Satoshi Club:
Thanks for sharing! Join, Satoshi Clubbers🚀🚀🚀

Part 2 — live questions from the Telegram community

Q1 from Telegram user @AZcrypro
Love your project, What inspires you to embark on such a great and prominent life changing project? Thanks

Eugen Nussbaum:
The idea and development for the project arose from our own decades of experience and the lack of a modern solution for content trading in the (professional) media industry. The business is still very one-sided and old-fashioned and and we have seen the need for everyone to be more involved and have a way to participate.

Q2 from Telegram user @JuanSB07
On the use of the MLIC platform, certainly the demand for MLT Token will increase with the growth of the MILC platform, but to provide constant growth do you have any marketing and advertising strategies? And what will the MILC platform offer to make more users want to get involved in it ?

Kartik Arora | Will never DM first:
Educational tweets every couple of days, Weekly Recaps, Explanatory Articles and other announcements are something which will be out from our side to educate the community about #MILC $MLT.

Don’t forget graphics, review articles, media publications etc from our partners and strategic investors (both crypto and non-crypto world) 😉

Q3 from Telegram user @Robotliker1
Do you have any plans integrating your project with NFT? Will there be the possible options to do staking and farming in future?

Eugen Nussbaum:
Absolutely…seems you have hidden microphones in our office 🕵️‍♂️🕵️‍♀️😉
We are observing this development and see huge potential for our industry in NFT implementation and we will also support MLT token staking too!

Q4 from Telegram user @K2ice
Elimination of intermediaries is is really important for the Ecosystem as they are known to exploit consumers and producers. How will MILC/MLT delve into eliminating these intermediaries?

Kartik Arora | Will never DM first:
Through blockchain smart contracts. 💯

Smart contracts are available 24×7, automative, and don’t charge any commission (like with distributors/middlemen).
Standard licenses can be uses through these blockchain smart contracts, removing need for third-party firms.

Plus because of the decentralised nature of blockchain, the uploaded content is available all around the world in one go.

Q5 from Telegram user @Boylut
Is your platform internally tested with other media indsutry firm?

Eugen Nussbaum:
Yes it is! 💪
Content and advertising storage, management, transcoding, delivery, etc. are handled via it and pass the stress test every day on two networks. External producers and advertisers already use the platform besides our own networks.

Q6 from Telegram user @Guandog
Can you tell us a little more about the importance of your partnership with SwissTXT?

Kartik Arora | Will never DM first:
SWISS TXT is a subsidiary of SRG SSR (public Swiss broadcasting company), which offers ICT/Infrastructure, video and accessibility solutions.

They are in this industry since 1983!

Great team of people helping us in the development of MILC platform.

More about SwissTXT: https://www.swisstxt.ch/en/

Q7 from Telegram user @lahkoklu
Can you tell what incentives other than to buy and the $MLT token holder from the $MLT token staking is there a way to attract investors in buying and more $MLT token holders?

Kartik Arora | Will never DM first:
I explained the utility of $MLT in our previous round, but lets cover token value capture here.
$MLT token will capture value through platform adoption.

  • Purchases happening on MILC platform will require FIAT or MLT token.
  • If paid with FIAT, our integrated exchange API will just convert it into MLT token as MLT token is required for all payments in MILC platform. It acts as a one-step solution to contract signature, approval and payment.
  • Plus a certain percentage of the transaction fees will also be burned, thus $MLT token will be a deflationary token.

Q8 from Telegram user @Winner_don
There are major competitor like amazon, YouTube e.t.c. What are the competitive edges your project have in a way that it will draw more users to the platform? I know that the content consumers and the content creators can easily make money through the platform. Is there any opportunity for the audience/viewers?

Eugen Nussbaum:
VOD platforms like Amazon, Netflix & YouTube or any other publisher is not our competitor, but our potential customer. We are a marketplace first of all and these guys are spending billions on licensing content!

Q9 from Telegram user @Antoni_azx
The MILC Marketplace will be available for user-generated content like Youtubers and non professionals but isn’t clear to me what benefits will this freelance users seek on a Marketplace like yours? What are the main attractions of being part of MILC that isn’t in other platforms like Youtube?

Kartik Arora | Will never DM first:
There are many benefits, but proper monetization and easy licensing of the generated content are the two big points which makes us different from other such paltform.

Put a price tag on your content, and then any broadcaster/creator can pay and reuse it easily. Licensing is easy as you have already put all details with the price tag.

Q10 from Telegram user @BJosefina61
In your roadmap you include “AI implementations”, can you explain what this is about?

Eugen Nussbaum:
E.g. AI-Subtitling and translation are so useful to make the content available all over the world in an understandable or local language. Automatic image recognition will make the search way easier and more efficient.

Part 3 – Quiz Results

In the final part, we tested your knowledge in terms of MILC. They’ve prepared 4 questions for this part. The total reward pool for the quiz was 300$.
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