Monday, 16 April 2018

Nollycoin - A Decentralized Ecosystem For Movie Distribution

ICO Review Nollycoin: A Decentralized Ecosystem For Movie Distribution

Nollytainment Ltd is a company peer-to-peer network revolutionary for sharing and registering content in the movie industry of third world countries. This company have a experience team in various industries. They have worked in helping to bring various projects to life in the entertainment sector, stock trading, the business world, and much more. Besides that, they have a solid team of experts in the digital currency sector and web development sector.

The initial focus of this project will be the African movie sector. This company will developing a peer-to-peer movie streaming Platform using decentralized ledger system, and building an entertainment ecosystem, which uses blockchain technology, to provide lasting solutions to some major problems in the movie industries in 3rd world countries and beyond. The distributed ledger will power this entire system. With the help of the blockchain, publication and distribution of movies will be possible, with the Nollycoin being used as the currency of exchange on the platform.

Nollycoin is the cryptocurrency based on etherum blockchain (ERC20) integrated with smart contract. This token will powers a blockchain enabled Peer-To-Peer decentralized ledger system for the global distribution of movies and other creative works. Nollycoin is a cryptocurrency product by company "Nollytainment Ltd" that will facilitates the publication and distribution of media as a “coded contract” which automates the distribution of royalty payments. Those who support this project will have the opportunity to use their tokens for more than just holding and trading. However, this tokens will also can be used to access movies on the platform and use these tokens at various select movie theaters.

By the help of this platform, now movie producers will be able to license their content as coded content on the blockchain. This will be made possible with the help of smart contract technology. These contracts run autonomously, and they are able to collect and distribute royalty payments while ensuring the movie producers and makers of creative content remain in control of their content.

WHAT IS BENEFIT NOLLYCOIN FOR CONSUMER?

As consumers, they will be able to gain access to a global catalog of movies that will be stored on the blockchain. Besides that, they will be able to pay owners of the content directly with the use of digital currency "Nollycoin". The platform will come with various tools that make it possible to use it with ease. These tools will be designed for both the consumers and owners of the movies. The system will also come with an open protocol that will make it possible for third parties to build a rich ecosystem of services and software.

WHAT IS ADVANTAGE OF NOLLYCOIN?

At this platform, creative artists will be able to list their content under a smart contract, which will have a compensation mechanism hard-wired into it. Content producers will be able to receive compensation without having to involve a third party. Buyers will also be able to make direct payments for movies with just one click. Besides, raising funds to create this content distribution platform, they also intend to use some of the funds to acquire rights to various blockbusters. This way, they will be able to attract users to the platform, who can then purchase content from content producers who register their content here.

NOLLYCOIN TOKEN SALE

  • ICO Starts: 1 April 2018
  • ICO Ends 30 April 2018
  • Tokens For Sale: 350,000,000 Nollycoin
  • Token Price: 1 ETH = 32,000 Nollycoin
  • Min Investment: 0.10 ETH
  • Accept Payment: ETH
  • Soft Cap: 2,000 ETH
  • Hard Cap: 6,000 ETH

NOLLYCOIN SOCIAL LINK


Credit by: Meggie Diaz
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