Japanese Video Platform Pays Users Crypto to Watch Ads

C0ban is based on the concept of combining blockchain and video advertisement.

The core idea of c0ban is that a user can get paid with c0ban coins for watching advertisement videos posted on c0ban's web application.

This c0ban mechanism is similar to websites that offer reward points to their users.

There are three huge problems for the video advertising market that the industry faces right now: users tend to skip video ads, they do not see them completely, and the current ads are not cost-effective.

According to the c0ban team, their application and platform can solve these problems by paying users to watch videos.

According to c0ban fans blog, there are stores in Japan that accept RYO. Users can watch a few videos, get paid with c0ban cryptos, and buy lunch with those coins.

"c0ban is named after a Middle Ages Samurai coin, named Koban. c0ban is the first challenge for us to spread the technology to the world. We will be pleased if we could provide a trigger to people to feel the revolutionary world of decentralized consensus," reads the c0ban website.

According to the website, c0ban is a proof-of-work cryptocurrency which is designed to make it easy for everyone to enter the blockchain world.

Today, the c0ban trade volume has reached 100 million trades.

The c0ban cryptocurrency has been on the market since Dec. 15, 2016, when it was officially launched.