Peaceful greetings of the universe, this time I will discuss about ICO or project MovieCoin, thanks for taking time to read this article. Sampean Pancen Ngeten (JOSS).
MovieCoin, the blockchain-based entertainment financing platform, intends to improve inefficient workflows across the film and television industry by replacing outdated financing and accounting practices with a transparent, frictionless and automated system. This approach opens investment opportunities to a new and broader class of investors, while creating higher asset liquidity in the process.
MovieCoin is the result of a very clear business vision, based on experience in the film industry, and with a deep understanding of the possibilities that blockchain technology will give in that industry, creating a new paradigm.
MovieCoin Holdings Inc. is the company that is shaping this platform that aims to be a reference and means of financing film and television projects with democratization principles to access these projects by participating in financing and in the other stages of the normal business cycle of all project of this type.
With this the new paradigm will come to the industry a new class of investors, all those film fans who want to go a step further and provide investment in crypto, the MovieCoin, in a new concept for the industry, with greater transparency and efficiency.
Since the main Hollywood studios finance their productions through more conservative figures related to large private capitals and associations with large financial investors, most other investors do not have the opportunity to participate directly in the contribution and development of high level film or television productions.
MovieCoin aims to become the leading entertainment business transaction platform for both investment companies and consumers, and become the main cryptocurrency to finance movies, television and other media related to the entertainment industry.
With the MovieCoin platform any entertainment asset, such as a movie, TV series or other multimedia resource, can be managed during its life cycle from the development of each one, to the sale or file.
MovieCoin also makes use of cryptography to, on the one hand, provide investors with financial solutions designed to mitigate risks and simplify operations, and on the other hand offer lovers of this entertainment industry a more attractive way to participate in the cinematic experience.
MovieCoin with its platform and business conception taking advantage of blockchain technology, challenges traditional financing practices by offering the possibility of project development to independent producers by providing an alternative and fundraising medium for film and television production.
In order to promote the MovieCoin platform, the Company reached a strategic agreement with BANKEX, a blockchain financial technology company, to support itself in its technological platform.
Moviecoin Token Offering Summary
The MovieCoin token – MOV – is a token compatible with the ERC20 standarddesigned to be used as a utility to make payments in the transactions of the entertainment industry through the platform.
The Company has identified a number of ways to establish baseline usage of Moviecoin Tokens within the MovieCoin platform to provide utility to the tokenholders and support minimum levels of demand, initially. The Company anticipates that cross-platform initiatives can produce
positive tokenomics through embedded demand and also create scarcity before promoting the benefits to third party businesses and consumers.
Content Funding Deposits And Reserves
Investments made by the MovieCoin Smart Fund or independent producers using the MovieCoin platform will require a replenishing reserve to be held in Moviecoin Tokens and BKX tokens to initiate the fund withdrawals for investment in content production financing.
The reserve is to represent 10% of the content production budgets financed by the Fund or other producers at any given time (the “Moviecoin Token Reserve Requirement”). The reserve accounts are “evergreen” and will need to be replenished to fulfill reserve requirements for any subsequent withdrawals. Maintenance levels of the reserve are to be held in a 4 to 1 ratio of Moviecoin Tokens to BKX tokens, or 80% and 20%, respectively.
Exchange-Based Commissions
The Company intends to have commissions for any trades on the MovieCoin Exchange Terminal paid in either Moviecoin Tokens or BKX Tokens, or a combination thereof. Producer Fees On MSF Films And Other Payments To MovieCoin Entertainment
Any supervisory fees, producer fees or administrative fees paid to MovieCoin Entertainment by MovieCoin Capital, its Funds or any independent producer shall be paid when due 50% in U.S. dollars and 50% in cryptocurrency. Of such amounts payable in cryptocurrency, 80% are to be paid in Moviecoin Tokens and 20% in BKX tokens.
Consumer-Based Transactions
Moviecoin Tokens are to be used by consumers to purchase movie tickets and buy premium services on the Movie.io Website.
Illustrative Volume of Platform Usage of Moviecoin Tokens
The following example reflects significant assumptions by the Company regarding use of Moviecoin Tokens to fund producer fees payable to MovieCoin Entertainment, which are to be paid 50% in cash, 40% in Moviecoin Tokens and 10% in BKX tokens.
Assuming the MovieCoin Smart Fund meets is financing targets of 10 qualifying film projects per year, and average production budgets of $30 million per film, MovieCoin Entertainment would earn annual producer fees of US$15 million per annum, 40% of which is to be paid in Moviecoin Tokens, or an average annual volume of US$6 million. If this volume is extended over a six-year fund re-investment period, aggregate Moviecoin token activity from MSF would
represent $36 million.
More so than nearly any other major global industry, the movie business has tended to shy away from using blockchain and cryptocurrency like the technology was asking for participation fees or executive producer credit. The industry is one of the least transparent and most reliant on middlemen in the entire entertainment sector.
But now the next-gen financial technology company, MovieCoin, is developing a comprehensive blockchain technology solution consisting of its MovieCoin Platform and a new digital utility token called Moviecoin that can be utilized by consumers for a variety of uses relating to consuming film and other content.
The CEO of MovieCoin, Christopher Woodrow, is hardly a newcomer to the movie business. He has produced such films as Black Mass, Hacksaw Ridge and the 2015 Best Picture winner, Birdman. The company has already entered the entertainment space with its recent partnership with TV-TWO, a television and film content discovery platform that is adapting the Ethereum blockchain for tokenized video consumption.
Woodrow and MovieCoin see a white space in the movie industry in that, contrary to today’s financing model that features virtually zero transparency and involvement on the part of investors, there is a need to offer investors, lenders, guilds, and talent an end-to-end view of each film’s revenue and expenses. The company’s lead investor is one of the top Fintech companies in the world, BANKEX.
The company is making its public sale of tokens, and to help entertainment enthusiasts become part of this experience, is carrying out a bounty program to reward its followers based on a series of tasks that they specify in their blog.
MovieCoin Team
MovieCoin is a good ICO program.
Think business is pretty fantastic. It attracts people regularly.
Experienced and skilled cooperation is difficult to achieve.
We can build the ability to achieve goals.
#blockchain
#cryptocurrency
More Information Visit The MovieCoin Link:
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1536267
Eth Address : 0x797F12ea668C548f96b1A32af0303C77f51741da
More Information Visit The MovieCoin Link:
- WEBSITE : https://movie.io/
- WHITEPAPER : https://movie.io/static/docs/MovieCoin_Whitepaper_ver_1.2.0.pdf
- ANN THREAD : https://bitcointalk.org/index.php?topic=4443754.0
- TWITTER : https://twitter.com/moviecoinco
- FACEBOOK : https://www.facebook.com/moviecoinco
- TELEGRAM : https://t.me/moviecoinco
- REDDIT : https://www.reddit.com/r/MovieCoinCo/
My Bitcointalk Profile : https://bitcointalk.org/index.php?action=profile;u=1536267
Eth Address : 0x797F12ea668C548f96b1A32af0303C77f51741da
Tidak ada komentar:
Posting Komentar