MOVITOKEN: MOVIE PRODUCTION ON THE ETHEREUM BLOCKCHAIN

Today, the difficulty in production of a new movie involves a lot of money time and energy as the movie industry is growing on a daily basis and new technological advancements are made. Averagely, the budget of a dramatic feature film in 2017 was $1 million according to research by Sundance institute, and $400,000 for documentary features. This high cost has led to tightening of budgets, and consequently, issues of low pay and deferred agreements in the film community. The introduction of new technologies like digital studios have also contributed in the rise in cost of movie production. More difficult nowadays, is sourcing for funds to finance a movie production. All these, and more have led members of the movie industry that are cash strapped to very rarely have a chance to compete for a career. At best, out of ambition, some are left to pursue a career from their own pocket or finance it through sacrifice (sometimes foregoing payments for services they rendered). All these issues can be remediated with the aid of the MoviToken. They just produce a number of features just to “put something out there”. The actors and other crew members sacrifice the little they have for the sake of financing their careers. It is indeed a pitiable situation. In the world’s largest film festival, the Sundace Film Festival in 2018, about 13, 468 projects were submitted from around the world and approximately 390, 000 talents were employed. This festival could boast of a whooping sum of $2.29 billion USD. Generally, getting finances to produce films of any kind be it short film, TV pilot, feature film, web series, etc. is becoming more difficult by the day. All these challenges were put into consideration by a genius called Christopher Compton who is an experienced film veteran for 13 years, writer, producer and director. He developed this amazing well thought of concept, Movitioken which aims at helping new faces and names to succeed in the ever growing, centralized, closed industry. The platform enables producers, film makers and aspiring talent to achieve their dreams by giving them the opportunity to produce the content they have been wishing for. Movitoken is a community cryptocurrency which means that it enables producers to pay their crew in MoviTokens where fiat cash is unavailable or limited essentially financing movies on the Ethereum Blockchain without giving the excuse of low or no pay and even deferred agreements within the film community. This also means that wherever cash is absent; MoviToken can provide the opportunity to achieve & cultivate stronger content, providing distributors and viewers with better higher quality options.

THE MOVITOKEN
The token for this platform is called MOV which is registered in the Parity registry and it is on the standard of Ethereum ERC20 token and it is a verified community cryptocurrency for the global independent film community. It is a utility token intended for the purpose film, TV, web series, documentary, etc., productions within the independent film community. It can be used with or as an alternative to any fiat currency in the world where such use of a complementary currency is legal. The token is currently trading on idex.market, forkdelta.gitub.io, ethex.market, erc20.exchange and rektex.github.io. Also, MoviToken can be bought and sold through easytrade.io.

for more information about movitoken, click on: http://movitoken.com/