not a new concept, but streaming video providers have always been an exciting thing for network explorers and always a place of reference for the benefit of many people, very good
Yes it's true this kind of concept is not new to us but in terms of uniqueness, I know it could be more great and on how they made their ICO project more interesting so that people will be attrcted like me.
As competitors you need to establish your own identity in the market or you have to find your own trade mark, like in any other product competition is always alive its also add species in the consuming public. Live video streaming with less censorship and prohibition from the provider and give full control to the contributor made Monvid different from others.