NOLLYCOIN - The Universal Coin For African Movies

PRESENTATION

The Nollytainment 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.

Nollycoin allows movie producers and their collaborators to license their content as a “coded contract” directly to a decentralized database called a “blockchain”. 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. At its core, the blockchain is a distributed ledger that can validate and register transactions without the need for a central authority.

Some Of The Movie Industry Problems Nollytainment Will Solve Nollycoin

Some of the direct and immediate ways the Nollycoin project will address specific problems in the industry include:

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.

Provide Copyright piracy protection through a decentralized ledger system

Provide Multi-Level World Wide distribution to justify financial investment

Enable fair compensation for collaborators in creating the movies

Provide Universal means of exchange for Nollywood and 3rd world movies that eliminates forex payment problems and limitations.

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

With both NollyTV and Nollycoin working in tandem in a new Nollytainment ecosystem, new permanent solutions are now applied to age-old problems in the movie industry as follows:

With NollyTV Platform, Creative Artistes can now list their contents under a smart contract that recognized the agreed-upon compensation structure and copyrights of all collaborators in the movie production process
All Creative contributors get paid directly by buyers without any 3rd party intervention
Movie Viewers and buyers will make direct micro payments to different creative copyright content owners' wallets, the decentralized ledger will verify transactions and beneficiaries, and everyone recognized in the smart contract will all get paid simultaneously without any 3rd party involvement
Collaborators copyright and compensation rights under the smart contract can NEVER be altered or changed by anyone and no 3rd parties will be needed to enforce it.

Purpose Of The NollyCoin

The following the purpose of NollyCoin:

Provide copyright protection and solve piracy issues

Provide universal means of exchange for Nollywood movies

Provide top financial backing for some of the best Producers in the Nollywood to

Provide multi-level world wide distribution to justify financial investment

To provide access to financing and capital to product qualitative movies

Enable fair compensation for collaborators in creating the movies

Nollycoin also offers a lot of win-win opportunities to stakeholder in the Entertainment industry except the pirates and copyright thieves. Here are some solution and opportunities that nollycoin is bringing into the entertainment ecosystem

Hard working movie producer win
Collaborators and creative artistes in the movie production chain win
Movie financiers and stakeholder in each complete movie win
Open and transparent record-keeping ledger for all stakeholder
Big open data on Nollycoin blockchain can also lead to more intelligent movies and other creative work recommendation

How NollyCoin Works?

Objectives Behind The NollyCoin Token Sale:

Build a blockchain powered peer-to-peer Content Platform
with Nollycoin as the primary medium of exchange where Creative Artists can list their content without any 3rd party intervention, reducing cost for the consumer as well as increasing the gains for the artists. Viewers will be able to make direct micro payments for movies with only a single click! Every original content maker will be paid eventually depending on how their creation goes. The Nolly platform is powered by the blockchain ensuring the different copyrights secured.
NollyCoin token sale is used to raise funds in order for us to perfectly create the next generation content sharing platform. We will also use the funds collected to acquire blockbuster films for the platform. NollyCoin will also do it's best to get film makers to have exclusive listing in the movie platform.
Token Holders may use their NollyCoin tokens as exclusive premium tickets to watch and access the movies on the Nolly Platform.

Crowdsale Details are as follows:

1 NOLLY = 0.000025

Eth Minimum Participation Purchase: 0.10 ETH [3,200 NOLLY] T

Total Softcap ~ 2,000 ETH

Total Hardcap ~ 6,000 ETH

Total Token Allocation: 500,0,00,000

Total Offered For Sale: 350,000, 00, 0 [70%]

Total Reserved For Founders: 97,500,000 [19.5%]

Total Reserved For Partners : 27,500,000 [5.5%]

Total For Bounties/Airdrops: 25,000,000 [5.0%]

Minimum cap : $2,000,000

Maximum cap : $6,000,000

ROADMAP

Oct, 2017

Idea Generation

Nov/Dec

2017

Concept Development

Feb 10th

2018

White Paper Publication

Feb 20th

2018

Nollycoin Wallet

Feb 25th

2018

Release of MVP Mockup

Apr1l- May 30th

2018

Initial Coin Offering

Business And Strategy Advisory Board

Movie Directors Advisory Team

Technical Development Team

Be a part of this incredible project. Download the whitepaper for the full scoop.

Till next time…

For more information, please visit:

Website: https://nollycoin.com/

Whitepaper: https://nollycoin.com/wp-content/uploads/2018/02/Nollycoin-White-Paper-updated2-Feb20th.pdf

Facebook: https://www.facebook.com/nollycoin/

Twitter: https://twitter.com/nollycoin

Telegram: https://t.me/nollycoin

ANN: https://bitcointalk.org/index.php?topic=2995439.msg30801616

Author: TheMichaelMatch

My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035

Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.