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Nov 7, 2022

by Evan Luthra

Create, Convert and Connect With Peer-to-peer Chat and Video Streaming/Sharing Platform Reel Star

Web3 and blockchain technology continue to see impressive use cases. We've had decentralized finance as one of these use cases and now people have an alternative means of carrying out financial transactions. Non-Fungible Tokens (NFTs) are also a product of blockchain technology and they have revolutionized the art industry.

The industry is still in its nascency and developers continue to innovate in the space. Adapting blockchain technology to services such as streaming, video and peer-to-peer chatting is one innovation that wouldn't have been thought possible a decade ago. Reel Star has however made it possible.

What is Reel Star

Reel Star is the first "everything application" that is developed on a decentralized, Multi-Blockchain and Web3 Integrated platform that is built with the functionality of video sharing, audio and video calling, NFT marketplace and minting, live streaming, peer-to-peer chatting and a digital wallet. This is a community-focused mobile application that is built from scratch to be a global social media and entertainment application that will empower its users to create, share and trade content with a global audience.

Reel Star has a strong focus on impeccable user experience and they boast of deep expertise in the cryptocurrency industry with a formidable international management team. With Reel Star, people with little or no technical or financial knowledge can benefit from the numerous earning opportunities within the app.

Features of Reel Star Mobile Application

On Reel Star, you can:

Enjoy multiple NFT licensing and smart contract capabilities that will allow you to mint your own NFTs

Carry out safe, secure and private transactions, using the Reel Pay digital wallet

With a single click, convert any media content of your choosing to an NFT with a single click

Earn Reel Token while using the Reel Star App for fun activities

Enjoy in-app wallet functionality with multiple fiat and cryptocurrencies

Trade, lease and/or rent crypto & NFTs on one mobile application with an easy-to-use user interface

Have encrypted and private peer-to-peer communications (Video/Audio/Text)

Access an integrated Debit card that is valid internationally

Seamlessly transfer funds securely and safely

Vision

Reel Star aims to assist in the creation of a global interconnected community of creators and engagers which provides equal access and opportunity to everyone by leveraging Web3 technology and other future technologies to improve creativity and networking for the benefit of everyone.

Mission

Reel Star's mission is to seamlessly mix creativity, technology, and human connection into a digital ecosystem that is sustainable and open to all. The platform aims to explore the limits of people's experiences while driving real-world benefits for everyone.

Reel Pay

This is the world's first mobile-first global payment solution which features fiat and cryptocurrencies integrated seamlessly into it. This solution offers everyone an easy financial transition from the real world to the digital world (i.e fiat to cryptocurrencies). Simply put, Reel Pay allows the user have comfortable and efficient financial transactions in both the real and digital worlds. The Reel Pay wallet is integrated into the Reel Star mobile application.

Features of Reel Pay

Peer-to-peer transactions

API Middleware and Partner Ecosystem

Full merchant structures including currency exchange (fiat & cryptocurrency)

Full online payment system (fiat & cryptocurrency)

Safety, security, and encryption

Advanced security, auditing and compliance tools

Digital wallet integration

QR code payments

Cost-effective and convenient payment solution

Internal fund remittance

Access for iOS, Android and Web

Options for biometric authentication

International physical, digital and tap-to-pay capability (fiat & cryptocurrency)

Metaverse/Omniverse access (to come)

Reel Token

The Reel Token (REELT) is the native utility token of the Reel ecosystem. This token is the passport to the infinite possibilities and opportunities of the Reel Metaverse/Omniverse. With this token, users can create, experience and benefit from the promising future the Reel ecosystem promises. The REELT is designed to power the entire Reel Star ecosystem and to revolutionize and invigorate the global media, video and entertainment industry.

REELT is hosted on a multi-blockchain infrastructure. It uses both the POLYGON (MATIC) and Binance Smart Chain (BSC) blockchains which helps it provide added blockchain redundancy and arbitrage options. With this, holders of REELT can efficiently, cost-effectively, and securely hold the token, use them in paying for goods and services with discounts within the Reel Star application or exchange them for fiats like USD, EUR, INR, or cryptocurrencies like BTC, ETH XRP etc.

REELT leverages Polygon and Binance's Smart Contract functionality to easily incorporate, smart contract functionality that is highly customizable within the app. With all of these qualities, the token further pushes the revolutionary vision of the Reel Star mobile application to democratize access to Web3, Metaverse and future technologies from inside one application.

The token has a total supply of 15 billion and is backed by fundamental economics and financial theories and principles to ensure the ongoing integrity, value, and utility of the REELT.

Roadmap

Q3 2022

Begin smart contract, and marketplace development

Ramp up Community Management initiatives

Execute partnership agreements

Deploy REEL STAR Wallet Alpha Internal Test Version

Update Whitepaper

Deploy Marketplace Alpha Internal Test Version

Finalise venture partners

Increase Marketing Efforts

Continuous testing, enhancements and code development

Continue private sales prospecting

Code and integration audits

Engage with artists and strategic partners

V1.3 UI/UX finished

Media content creation

Q4 2022

Continue onboarding new artists/creators

Announce artists and strategic partners

Explore Metaverse Partnerships

Marketplace alpha finished

Code, platform and integration audits

Continue Marketing Efforts

Airdrop marketing

Alpha Secondary Market opens

Increase functionality

Smart Contract audit

Launch/Deploy Reel Star Wallet

Reel Pay Integration

Pre-sales

ITO

Pre-Launch

Public Launch

Q1 2023

Iterative app development releases towards V2

V2 marketplace launch

Increase artist outreach

Increase Metaverse integration

Release loyalty programme

Refine generative tools for users

Open Loyalty programme and Business Integration and outreach

Launch Collectors Club

Develop Wallet API

Develop Artist/Creator Fund

Begin 2nd airdrop

Beta Test FH Encryption integration

Reel Star App Deployment on Web

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Reel Star

Evan Luthra

Evan is a tech-obsessed thought-leader who has spoken at 100s of conferences around the world. He has extensive knowledge and experience in mobile apps and his company, EL Group International, has developed and delivered mobile apps for major Fortune 500 companies. He has also received an honorary Ph.D in Blockchain for the impact he has made in the industry from launching Blockchain Schools to Blockchain Coworking spaces and having spoken at 50+ Blockchain events. As a highly accredited Angel Investor, Evan believes in stepping out of his comfort zone and exploring the power of conceptualization, innovation and execution.