Slate is an entertainment utility protocol based on the Slatechain algorithm. The Slate team plans to use the blockchain to deliver low-cost, high-speed and high-definition video worldwide, facilitate live event ticketing and allow users to acquire entertainment using the Slate token. Furthermore, Slate project will feature a compensation program between creators, producers, and distributors. Creators are compensated fairly and consumers get higher quality entertainment. Tickets purchased with Slate will be forgery-resistant, virtually eliminating fraud. Service providers holding Slate can earn even more by storing and delivering content.