WHAT IS NOLLYCOIN ABOUT?
Nollycoin is the first digital currency designed to use blockchain technology to solve a wide range of problems and complexities at various stages of film financing, creation and distribution of the creative works in Nollywood, world’s 2nd most prolific Movie industry and other 3rd world movie industries.
This project is focused on using a decentralized ledger system to develop a peer-to-peer movie streaming platform and also build a entertainment ecosystem, which uses the blockchain technology to provide lasting solutions to some major problems in the movie industries in 3rd world countries and beyond . Nollycoin will be the official means of exchange in the new movie entertainment ecosystem.
The Crowd Sale Details
Founder tokens are locked during the private and public sale. Then, released over a period of 21 months. Founding members will be given 20% of their tokens after 3 months, 20% after 6 months, and 5% each month thereafter.
Any unsold tokens presale will be made available in the public sale.
Unsold tokens are placed in a pool to be used by the platform for future purposes, including attracting talent or partnerships with individuals and companies which may assist the company to reach its goals.
The partner tokens are paid out 50% in the 3rd month and 50% in the 6th month.
Nollytainment Ltd, which are the creators of Nollycoin, was conceived to provide cutting edge solutions to the major problems of Nollywood (and in 3rd world movie industries) generally. Some of the direct and immediate ways the Nollycoin project will address specific problems in the industry include the following:
· To Enable Fair Compensation for collaborators in creating the movies.
· To Provide A Peer to Peer Content Distribution Platform that provides direct micro-payments to content owners and Provide access to Financing and Capital to 3rd World Movie Producers to produce qualitative movies for the international market.
· To Provide Universal means of exchange for Nollywood and 3rd world movies that eliminates forex payment problems and limitations.
· To Provide top Financial Backing for some of the best Producers in the Nollywood to
· produce quality international films for enjoyment of our ecosystem and global group of
· African movie lovers.
· To Provide Multi-Level World Wide distribution to justify financial investment.
SUMMARY OF THE NOLLYCOIN PROJECT
The Nollytainment/Nollycoin project is a new and revolutionary Peer-To-Peer creative works sharing and registry System for the Movie industry in the 3rd world countries, particularly Africa. The Nollytainment ecosystem will center on a decentralized ledger system for the publication and distribution of Movies, with Nollycoin as the central means of exchange.
Nollycoin allows movie producers and their collaborators to license their content as a “coded contract” directly to a decentralized database called a “blockchain”. These contracts automate the collection and distribution of royalty payments and remain in the control of the movie producers and creative artists themselves. Consumers can then access a global catalog of movies stored on a peer-to-peer network and pay owners directly using digital currency, which is based on their usages.
BLOCKCHAIN TECHNOLOGY
The blockchain is a distributed ledger that can validate and register transactions without the need for a central authority. No one owns the ledger — it’s spread across the nodes that constitute its network and is publicly available to everyone .
Information stored on the ledger is interrelated through cryptographic hashes , which make it virtually irreversible and tamper proof. In summary, it means that parties can make peer-to-peer exchanges of content, data, money or anything else of value in any amount and in a secure manner.
NOLLYCOIN is a type of electronic cash that can be discreetly exchanged for Entertainment products and services, and subsequently converted into fiat currency.
For More Information, Please visit:
WEBSITE: http://nollycoin.com/
FACEBOOK: https://www.facebook.com/nollycoin/
TWITTER: https://twitter.com/nollycoin
TELEGRAM: http://t.me/nollycoin
Bitcointalk Username: KidsJamanNow
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1308879
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