Moviecoin | The Fintech Platform for the Entertainment Industry

MovieCoin Holdings Inc. is a financial technology company. The main objective of this company is to improve and enhance the entertainment sector by making participated the businesses, consumers and financiers with the assistant of blockchain technology and the Company’s proprietary applications. It says that it wants to enter into the entertainment investment. On the other hand MovieCoin Holdings Inc. wants to make the cryptographic tokens as the standard currency in a new Hollywood economy. Digital assets, blockchain-based asset management and cryptocurrency will be used as the tools of achieving its objectives. The main businesses of the company are,

• content production and financing


• business and consumer services


• technology development and licensing

The Company’s financing, digital asset platform and the cryptographic tokens provide,

• businesses with solutions designed to mitigate risk


• streamline operations


• entertainment enthusiasts

MovieCoin Holdings Inc. is a Canadian company and it has four subsidiaries namely,

1. MovieCoin Entertainment - It is a production supervisor and financing manager. Employees of this company are Hollywood media executives. Other than the films related activities, the company expected to involve in the business of television or other entertainment assets.


2. MovieCoin Capital – It facilitates to all film and television content investment


3. MovieCoin Services – It directs the MovieCoin platform and Moviecoin Tokens. Fund is raised through the issuance of Moviecoin Tokens.


4. MovieCoin Technologies - It holds technology assets (licensed intellectual property, technology developed by or for the Company itself)

MovieCoin is worked when it is affiliated with BANKEX and MovieCoin Technologies. Affiliation with BANKEX provides,

• license proprietary technology for 10-year initial term


• product development


• management support


• exchange support

In return they will collect,

• license fee and


• service payment

The company expects to finance its entertainment projects, legal documentation processes and accounting systems by issuing Moviecoin Tokens. The total supply of Moviecoin Tokens will be 2,000,000,000. Out of the Total supply of Moviecoin, it has been offered 600,000,000. The standard rate for Moviecoin Token is 4,000 Ethereum (ETH) where hard cap (ETH) is 150,000.

The Moviecoin Tokens are allocated in following manner.

• Initial sale – 30%


• Follow on sale – 30%


• Team Tokens – 12.5%


• Options Pool – 12.5%


• Advisors – 10%


• Bounty – 2.5%


• Foundation -2.5%

So raised fund are used for the betterment of the project in a manner that is listed out blow.

• Platform Development – 35%


• Marketing and Advertisement – 15%


• Research and Development – 15%


• Partnerships – 15%


• Legal and compliance – 10%


• Reserves – 10%

As per the articulation of this project the Cross-platform Moviecoin Token Usage can produce positive tokenomics through,

• Content funding deposits and reserves


• Exchange-based commissions


• Producer fees on MSF films and other payments to MovieCoin Entertainment


• Consumer-based transactions

Benefit from MovieCoin’s products and services for the businesses can be listed out as follows.

• Providing potentially significant information


• Providing resources


• Quicker value realization


• greater level of confidence in reporting


• reliability of collection of entitlements


• increased velocity of cash flows or deal closings

Consumers such as Movie-goers and entertainment fans are also benefited out of this project since it provides new forms of interaction with prominent industry professionals.

Further, financiers such as lenders, insurers are also offered,

• an institutional-quality content finance platform


• greater transparency and more accurate, timely reporting

In generally all the stakeholders like financials, talents, guilds, producers, distributers and consumers are getting,

• Better industry access


• Streamline execution


• Standardized reporting


• Proof of asset claims


• Alternate form of liquidity


• help to monetize individual investors’ film investments


• help for the mid-sized film production


• improve a business’s cash flow


• Faster Payments


• Reduced Costs


• Better Marketing Data


• Standardized Contracts

There are five components in the MovieCoin platform. They are,

• MovieCoin Smart Asset Assembly


• Asset Tokenization


• Initial MovieCoin Smart Asset Offering


• Production Cycle Control


• Revenue Waterfall

Mainly there are three phases of platform development.

1. Internal validation


2. Services are promoted to select third parties and consumers


3. Establish  the MovieCoin as the standard currency in the sector

There are some applications that use to promote consumer engagement by MovieCoin Holdings Inc. those can be identified as follows.

• Recommendation


• Look- up Tool


• Passport


• Favorites


• Contests


• Trivia Games


• Behind the screens

Following transactions are facilitated by the above mentioned tools.

• Movie ticketing


• Film data base


• Discovery lists


• Reviews


• Forums


• Events


• Auctions


• Shopping

The team of MovieCoin consists with two parts namely team of advisors and team of the management. Management team comprises of high caliber five members where the team of advisories comprises of seven experts. They drive the project towards the success while satisfying all the stake holders.

More Information About Moviecoin:
Website: https://movie.io
Whitepaper: https://movie.io/static/docs/MovieCoin_Whitepaper_ver_1.2.0.pdf
Telegram: https://t.me/moviecoinco
ANN Thread: https://bitcointalk.org/index.php?topic=4443754.0
Medium: https://medium.com/moviecoin

 

Post by Anusha
Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1953594