MovieCoin-Hollywood version 2.0

daniyal97 (43)in #nature • 6 years ago (edited)

Good day cryptoworld

The blockchain is coming to Hollywood. This is true. Christopher Woodrow-the ideological Creator of the platform MovieCoin, a man who understands the film industry, he is the producer of films such as" black mass", hacksaw ridge and winner of six Oscars Birdman (including the Best film).

For what purpose?

The platform is designed to change the existing system of film financing. Financing of large Hollywood projects, usually engaged in their own corporate Treasury, which manage the entire production process, licenses and resource allocation. Individual investors have to settle for shares in the equity capital of the parent companies. The lack of direct funding forces them to move into smaller projects.
Also, the platform is designed to get rid of corruption scandals and inefficient use of funds, as it was with Harry Potter And the order of the Phoenix
The platform allows you to keep track of every dollar invested in Hollywood projects and avoid accidents with the infamous Hollywood accounting. As well as reduce the time to raise funds, because from the pocket to the direct distribution of Fiat funds for the film, it can take from 1 to 1.5 years, which will make the production of media products faster and cheaper.

MovieCoin allows all participants in the filming process, including Directors, actors and even users to engage in a fair and transparent distribution of funds invested in the film, which ultimately will allow it to become a leading entertainment platform open to new investors and completely transparent to consumers.

How it works?
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The MovieCoin platform works on the principle of smart contracts. Inside the platform, the Moviecoin token is used, which allows funding the film to ordinary users who previously could not participate in the creation of large blockbusters.
Tokens allow you to purchase intellectual property rights, which means that you can make a profit from it, pay for part of the promotion costs, purchase content and so on (including the purchase of tickets)

As a bonus for token holders and, the company announced the purchase of 1 million tickets worldwide over the next three years, which will provide discounts to users of the platform.

It is expected that the platform will be able to Finance about 10-12 films a year with an average budget of $ 250 million. And this, according to Woodrow, is one of the best indicators in Hollywood.
The platform also cooperates with Bankex (a platform with an intelligent contract that creates a liquidity Protocol (Proof of assets), which is undoubtedly a big plus for the company.
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You can see the whole project team, as well as read about other features of the platform in the WhiteList
The development of the platform is supposed to be divided into 3 large stages.

Stage 1-token sale and platform testing
Stage 2-engaging consumers to create new content
Stage 3-continuous global use of tokens in corporate and commercial transactions

For more details you can see it in the project roadmap on the official website

Token distribution
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