MOVITOKEN- FILM PRODUCTION POWERED BY ETHEREUM BLOCKCHAIN
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A good number of people around the world watch movies either in the cinemas or in the comfort of our homes. We watch movies ranging from blockbuster movies to action, romance, comedy and the rest depending on their preferences. But have we asked what the producers go through just to produce these interesting films that we watch. A lot of money is being spent on producing just one movie and that even depends on that nature of film, whether it’s a blockbuster, art film, documentary, etc. the bigger the project, the higher the amount. Genre and specialty films usually cost between $5million and $10 million to produce. In recent interviews conducted by Sundace Institute in 2017, it was discovered that the average budget of a dramatic feature film was around $1 million and $400, 000 for documentary features. Who knows what it would cost now with the global economic breakdown. The truth about this is that people have less access to money. This means that there are many financially strained talents in the industry who have to compete for their careers. Many film makers especially the very ambitious ones around the world produce movies with funds out of their pockets, every penny goes into project but nothings comes out in return , no one gets paid. 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 whereever cash is absent; MoviToken can provide the opportunity to achieve & cultivate stronger content, providing distributors and viewers with better higher quality options.
HOW CAN THIS BE DONE?
Producers pay cast and crew with MoviToken and they later exchange it for ethereum (ETH), then to USD, BTC or other altcoin, token or fiat currency by utilizing various exchanges and Apps that interact with the Ethereum blockchain. Producers also can accept movitoken fir their services. You can only crowdfund with MoviToken then trade on exchange. Then uti,lise MoviToken with investors, keeping accountability on the blockchain . the producers can now request payment from the distributors in MoviToken facilitating the freedom to trade on the open market to potentially further maximize profit.
BENEFITS OF MOVITOKEN
• MoviToken ensures that money circulates locally within every film community worldwide.
• The platform builds trust and support within the indie film community
• The use of MoviToken prevents cash from leaving the community thereby increasing vitality
• The MoviToken platform is fully inclusive, enabling everyone, regardless of status, to integrate and contribute to the indie film community.
• With the use of MoviToken, creativity and resourcefulness is promoted within the community developing skills and potential.
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.
TOKEN DISTRIBUTION
Total supply: 1,000, 000, 000
Southern meridian LLC: 250,000, 000
TBA Production studio: 250, 000, 000
Market: 5000, 000, 000
THE FUTURE OF MOVITOKEN
Q2 2018 - MoviToken will partner with Bancor for continuous liquidity. This alone can promote trust and use within the indie film community. - The first production studio to adopt the use of MoviToken will be announced.
Q3 2018 - The first feature film to be produced with MoviToken will be announced. - MoviToken will partner with a crowdfunding platform to assist filmmakers with raising funds for their projects. -Production to begin on the first MoviToken funded feature film. (Late Q3)
Q4 2018 - By Q4 2018, MoviToken should be listed on more than 1 major exchange and incorporated by several dApps. MoviToken is currently working on becoming listed by Komodo’s BarterDEX and ETHlend’s Lending Platform
2019 - Release of the first MoviToken funded feature film.
2020-2022 - Southern Meridian, LLC will publically release the first of several case studies on the use of MoviToken to produce a motion picture. Data and findings will be provided by an independent research firm. (The exact date is highly dependent upon distribution schedule.)
Movitoken aims to revolutionise this process for every filmmaker by continuously bringing an alternative currency to the table. Movitoken is opportunity. For more information please visit the website and also follow up on any of our social media listed below:
WEBSITE: http://movitoken.com/
WHITEPAPER: https://img1.wsimg.com/blobby/go/bc2ac489-d696-49a8-9912-376a7c9dab88/downloads/1c9nfcila_247342.pdf
TWITTER: https://twitter.com/movitoken
FACEBOOK: https://www.facebook.com/movitoken
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