Wednesday, September 18, 2019

TEE-coin as a reward token built on blockchain and cryptocurrency technology









 Many cryptocurrencies cannot be used as a medium of exchange at merchant stores. TEE-COIN strives to provide solutions to overcome this problem. Whenever necessary and for whatever amount needed, the TEE-coin wallet can be easily topped up with other cryptocurrencies for a very low fee. The speedy transaction also enables TEE-coin to be used to settle payments efficiently. We at TEE-COIN aspire to further build on this low-cost reward infrastructure and expand it beyond the region. Our goal is to realise a rewards society that operates in many countries around Asia Pacific.
 

Create a coin that makes people happy

Using cryptocurrency technology built on blockchain, ChatTee generates TEE-COIN as rewards for appropriate reviews. Inappropriate reviews that are created in a stealth manner are excluded by our AI engines. Consumers can thereafter select merchants from the library of genuine user reviews. TEE-COIN are also used to thank people for providing information that is truly needed by consumers. Many students give lectures on YouTube to help people around the world who cannot receive sufficient education. Those who receive information benefits enormously. YouTube has become a “tips jar” platform for live streams that allows viewers to pay a sum of money to compensate for what they deem as valuable or for the feelings of “Amazing!” and “Thank you!”. Instead of featuring money as an incentive, the ChatTee platform enables anyone to conveniently use TEE-COIN at any time to thank reviewers for providing information and knowledge. TEE-COIN was named by taking the first letters of some of these inspiring words: "Thank you for sharing your Experience and Explorations”. We are creating coins that are will be used by numerous users as “Thanks” coins.
 

Our Vision

Adopting blockchain technology, TEE-COIN strives to be a worldwide cryptocurrency that can become a medium for exchange. Anyone can easily send money or make payments safely and in a speedy manner (the transaction speed is only 4 seconds - one of the fastest in the eco-system today). TEE-COIN is truly suitable for building a comprehensive reward system and establishing substantial distribution channels.

 

 Solution to Problems Faced by General Users

 Token Economy

TEE-COIN  are circulated within ChatTee. Reviewers from around the world who post quality reviews can receive TEE-COIN as rewards. Rewards are also given with other user activities such as when users check in, receive push notifications, click on advertise-ment banner, and when user redeem coupons. Users can also receive tips from other users when “Likes” are given. Collectively, these TEE-COIN that users received create a token economy which allow them to use the TEE-COIN on products/services provided by the merchants. 
 
Users are incentivised economically for all the information and activities that they do. This is a very important role that a platform must provide. ChatTee coexist with users. It generates information and review contents which are trusted by global standards and is also highly transparent (using blockchain technology). It is also a merchant search platform and a token economy which we believe no other review platforms have been able to achieve. 
 

Utilisation of Other Cryptocurrencies for Merchant Product/Service and Reward Programs

 


Instant Top Up Instantly with Cryptocurrencies / Exchange with Other Reward Programs

TEE-COIN  solves the problem where the cryptocurrencies and the current reward programs can only be used in limited areas. TEE-COIN wallet can be topped up instantly with TEE-COIN from major cryptocurrencies (Bitcoin and Etherium) without using cryptocurrency exchanges. The cryptocurrencies converted into TEE-COIN by the top-up function can be used for making payments at merchant stores or for purchasing e-coupons within ChatTee. Since TEE-COIN is speedy (one of the fastest in the world), the payment process is stress-free.In addition,TEE-COIN also enhances convenience and liquidity by enabling points from other reward programs and airline mileage to be converted into TEE-COIN . This usage of TEE-COIN serves as a token to bridge cryptocurrencies with reward programs. TEE-COIN solves the issue of expiring rewards of other reward programs with this interactive (and mutual) utilisation.

Market Size

 

 The growing cryptocurrency market size

As of 2019, countries around the world are developing legislation for cryptocurrencies and the positioning of having crypto-currencies as cryptoasset is close to being established.Cryptocurrencies have started to be adopted in a wide range of fields and various tokens are now created for diverse objec-tives. Security tokens with stocks or real estate as the collateral and tokens for remittance between banks and individuals, payment tokens, gold tokens, currency tokens within games, and token for energy exchange have become very common. As the potential of crypto markets only accounts for 1/136 of the market capitalisation, there is plenty of growth expected as well as new investment opportunities.

Market Size of Other Reward Programs

It is said that the size of the reward program market in America in 2016 was 10 billion USD and the size of the market in Japan presently is 1.9 billion USD and it has been increasing year by year. It is expected that this market will continue to expand.

Traction

ChatTee App: Installation Numbers

 

ChatTee Merchant Registration Number for Year 2019

Partners

Roadmap 2019-2020

 

 Token Distribution

 

 

During the period from Nov 1, 2019 to the end of Oct 2020 which is announced as the lock-up period, 67.3% of the entire amount of TEE-COIN will be frozen. With this lock-up, out of the 72.4 billion TEC only 419 million TEC will be released every month on the first day of each month starting from Nov 2019. If the full amount of 419 million TEC is not released to the market within that month, the remaining TEE-coins will be locked up again for 120 months. 
 
For More Information :
 
Website             : https://tee-coin.com
Telegram          : https://t.me/TeeCoinGlobal
Twitter             : https://twitter.com/teecoin_eng
 
Authors    : Tellysa

Thursday, August 15, 2019

HUBRISONE- Unique Digital Bank


HUBRISONE, is a mobile app that will completely revolutionise the dynamics between the cryptocurrency and the banking sector. At present there is little to no trust between traditional banking and cryptocurrency users. We plan to fuse traditional banking with cryptocurrency, and deliver these services to the masses through an open, honest and fully trustworthy infrastructure, which is easy to use and easy to understand by new entrants into the cryptocurrency market and veterans alike.

HUBRISONE, is a cryptocurrency wallet and traditional fiat bank account combined into a powerful, intelligent,regulated and compliant digital Apple and Android app. We are focused on merging the benefits of these two powerful industries, seamlessly. We have designed HUBRISONE to be easy to use, secure and intelligent. HUBRISONE is more than just a digital cryptocurrency friendly bank account. It's a statement to the world that we believe cryptocurrencies are here to stay and they should be taken seriously.

Our mission is to become the connector between the old world offinance and banking to the new world of cryptocurrencies.
In a new, secure,regulated and user-friendly way.

Increasing Cryptocurrency Adoption

The HUBRISONE app will increase the adoption rate through our cryptocurrency integrated digital banking accounts.By presenting a familiar banking solution with cryptocurrency integration, we will slowly increase adoption and gain users at the same time.

Hubris Wealth Management Solutions
 
HUBRISONE allows users to consolidate their new and existing portfolios under one roof whilst maintain their fund management company. We’re simplifying wealth management solutions for our users by incorporating data powered insights and analytics, a vast breadth of investment finance products, from cryptocurrency indexes to traditional S&P global index and more:
• Withdraw or add funds directly from your HUBRISONE bank account in seconds.
• Access third-party funds and wealth managers using the Hubris Token.
 
Third Party Open Marketplace
 
We’re introducing the HUBRISONE open partner marketplace to connect our users to other blockchain and non-blockchain service providers and to increase and improve our scope of service offerings. Connecting great services and solutions to willing customers, users and investors Think about a comparison website when you are traveling or when booking a hotel. This is a similar structure and concept that would be applied. These additional services can and only will be available to Hubris Token holders. 

Freemium Model

HUBRISONE will offer basic digital current accounts services for free in addition to other services. However, a fee will be charged per month for additional premium services.
By giving away the basic product for free it is easier to attract users and create a strong customer base. Some key benefits we see are: Customer acquisition, marketing effect via word of mouth and network effect, the more people that use HUBRISONE the more people it will attract.
 
Hubris Token Reward for User Sign up 
 
The second key strategic acquisition channel we see as being effective and significant is leveraging the native HUBRISONE cryptocurrency tokens (HBRS) which will be used as a reward (among other uses) for each customer that signs up with HUBRISONE
By rewarding users to sign up with our Hubris Token, we incentivise and reward new users to join and share. This will increase the rate of our customer acquisition, and significantly increase the growth rate of our customer base via organic network and marketing effect.


Funding Proceeds: Distribution
 
Development (40%) 
Research and continuous development, processing, design and testing expenses for the Access all account support directly from the HUBRISONE app. We will contract and in some cases, hire onto the HUBRISONE team the best HUBRISONE app and experienced developers within the fintech industry
 
Operations (20%)
The operational costs are, in most cases, fixed costs associated with most businesses,Personalized and tailored for you and your this includes office expenses, global contact agents to service the bank accounts,account needs salaries for the HUBRISONE employees and team, exhibition expenses for promotion, travel, human resources expenses and subscriptions for SaaS solutions for day to day running of HUBRISONE.

Marketing (20%)
We will implement an aggressive social media strategy, due to the mass appeal of our product we have allocated 20% of proceeds to acquire new users. We will primarily execute online social media and platform ads in order to efficiently track ROI.
 
Security Infrastructure (15%)
Due to the sensitivity of our digital banking solution, we will need to implement the strictest security and compliance standards. Therefore, we will recruit experienced compliance, security and regulatory specialists on-board the team. The team at HUBRISONE understands the importance of creating a secure trusted alternative digital banking solution.
 
Tokens Partnerships (5%)
Partnerships will be key to our business model, and as a result, we will create a headcount (recruit) of two business development and partnerships managers to ensure we partner with the best blockchain and non-blockchain service providers to join our Open Partner Platform.
HubrisOne Our Roadmap



For More Information :

Website   : www.hubrisone.com

Authors : Tellysa

Tuesday, August 13, 2019

Lucem Project - ISKRA







For the "LUCEM" fund to operate effectively we need Aw areness- donations are not required to help Human compassion and an understanding of why we are creating the fund. The trust of people willing to help bring lught, and access to medical equipment, to children anywhere in the world We understand that trust is a very important aspect, so we are releasing a produsct that will be backed by diamonds.

 

LUCEM AND STORES 

We advertise and attract customers to their stores for free. According to our calculations: between 100,000 and 300 millionpeople will use our platform at the project 's launch Registration will be absolutely free until 2019Each business that registers and meets the criteria to be in "HBP" (honest business partner) automatically becomes a "LUCEM" project participant, and can boldly consider them selves a charityThe most important thing for stores and companies during the currency's initial stage is that we (CCOH-ISKRA's creators) will redeem ISKRA from stores for fiat money which automatically protects the store or companyIn simpler terms, we will pay stores for diamonds We believe in ISKRA, and this is our win.

 

 

OUR PLATFROM'S BEEFITS 

1.The buyer sets the direction and course

2. No obtrusive smart advertising. Giants like Google, Facebook, eBay, Amazon, etc. are watching, listening, and analyzing your queries, conversations, likes and clicks. And then they advertise to you. They call it smart advertising (bots even analyze the location of your mouse cursor)Thanks, but that 's not efficient

3.The customer himself can make a request and get the desired result and price in 3 simple clicks, without analyzing gigabytes of advertisements

4. The customer receives responses from several sellers directly, without overpaying interm ediaries. On top of that, all sellers will be checked for "HBP" (honest business partner) compliance. Businesses
get a huge number of customers looking for their specific goods

5. No fee for clicks or promotion!!! Just match customer 's request

6. Priority for answering first is given to, BUT NOT EXCLUSIVELY TO, merchants with the best transaction ratings, prices, term s, and quality. But, that doesn't prevent him from ranking lower if another merchant is better

7. The client will receive the best offers and decide which he prefers

8. The platform opens new opportunities for bothlarge and sm all businesses to cooperate. It 's no secret that diamond prices vary between large and small businesses. It 's very difficult for a small business to get into diamond exchanges.

 

A modern way of a charity

Traditional methods of donating to charities using bank or credit cards, mobile payments, bank transfers, and cash deposits are far from riskless. There is no guarantee that your contribution will actually go toward the goal.ISKRA allows us to maintain transparency in the foundation’s activities.
 
When you purchase our tokens, your investment is protectedby the value of diamonds. At the same time, you are effortlessly helping the foundation.With ISKRA your contribution to the foundation is guaranteed and at the same time your investment is protected. 

 THE PROBLEMChildren need new methods for receiving help.

LUCEM team saw a need to make a difference in solving the social issue of children in need. For charity, we can and should take advantage of new technologies.The LUCEM team was the first to see
an opportunity to improve the fundraising process using digital technology.
   THE SOLUTIONLucem of Hope Community The foundation is a decentralized platform where every user can propose a project. You chose whom to help and how. LUCEM uses cryptocurrency with the goal of donating it to a charity. 


for more information :
Website : https://iskra-coin.io/
Website : https://lucem.fund/
Launchpad : https://p2pb2b.io/token-sale/CCOH/1
Whitepaper : https://res2.weblium.site/res/5b2bd5200735b20028821564/5d21ad84e04df60023de05ee 
ANN : https://bitcointalk.org/index.php?topic=5082128 
Facebook : https://www.facebook.com/IskraCoin/ 
Twitter : https://twitter.com/Iskra_Coin

Authors : tellysa
Bitcointalk's Profile : https://bitcointalk.org/index.php?action=profile;u=1898514 

Wednesday, July 31, 2019

SmartFund: One-stop blockchain investment solution








Since 2017, due to the gradual popularization of ERC-20 token protocoland smart contracts, various DAPPs in Ethereum have sprung up. Most of them are air coins and garbage coins, but a number of phenomena-level projects have emerged. Encrypted cats, Fomo3D, etc., and later appeared in FCoin trading is mining, BetDice gaming and other popular projects.

What is $F?

$mart Fund is a set of smart contracts and tokens running on the Ethereum. It is based on the Banco protocol, use ETH as reserve.
The fund is open, but it limits the speed of purchase and redemption and keeps the fund's continued appreciation.

What is the smart investment ecosystem?

The smart investment ecosystem consists of a $mart Fund and a number of DAPP projects invested. It is completely decentralized, using voting, investing in DAPP projects with clear profit model on Ethereum, real-time dividends.

Investment targets:
The investment targets are all DAPPsbased on the Ethereum smart contract, and there must be a clear profit model. For example:
✓Decentralized exchanges, relying on transactionfees;
✓Decentralized mining pools, depending on the transactionfee;
✓Encrypted cat or Fomo3D class blockchain game itself is profitable;
✓Dice or poker betting DAPP, profitable by probability advantage or pumping
New projects rebate:
For new projects, similar to income is mining, the resulting eth income, return the specified proportion of $FD, the initial 2 times equivalent, reduced by the exponential function, reduced to 1.414 times at cost recovery,andreduced to 1 time when the cost  is recovered twice, attracting players to enter the market and helping the new investment projects to start quickly. The income is recorded in the daily limit of 1% of the reserve, and the excess is automatically queued. Because the fund uses the low reserve bancor protocol, the rebate activity will not lead to losses, and the $FD which is staked, and failure to sell in the short term will not result in a price drop. 

Smart investment ecosystem characteristics
Eight characteristics, one-stop problem solving :
Democratic decision
From proposal, voting to investment (withdrawal), the whole process is completely decentralized and spontaneously completed automatically. 

Clear profit model
The investment targets are all DAPP based on the Ethereum smart contract, which has a clear profit model.

Real-time dividends
$mart Fund real-time allocation of project income to $FD holders

New rebate
For the new investment project, return $FD of the highest value of 2 times ETH income

Staking and unlock
Staking the position to enjoy the project real-time dividends, vote to participate in investment decisions.
Circulating transferable after unlocking

Automated process management
Purchase limit Redemption limit Moderate price change

Invitation priority
Use the $FP to cut the queue and enjoy the preemptive right to purchase. The inviter can enjoy the invitation incentive and the invitee also has a discount.

Risk-free arbitrage chain 
Use price difference to cross the market arbitrage, if the arbitrage space disappears, can be withdrawn at any time, no risk
Cross-chain planning:
$mart funds can be movedto public chainsuch as EOS or TRON, and invest in DAPP son it. And through the oracle protocol,openupa number ofpublic chainsfor free circulation, so that the value of the units running on different public chains isequal.
 For More Information :
Website             : http://1smart.fund/#/
Facebook          : https://www.facebook.com/onesmartfund/
Twitter             : https://twitter.com/fund_smart
Telegram          : https://t.me/onesmartfund
Authors  : tellysa

Tuesday, July 30, 2019

FERRUM NETWORK






We live in a multi-token world, with thousands of digital assets residing across hundreds of separate blockchains. Bitcoin, Ethereum,Ripple, IOTA and BNB are all examples of major digital currencies with
their own unique use cases. The ecosystem benefits from a wide variety of networks, tokens, and projects, all aiming to build a fairer, more inclusive world.

At the same time, many existing offerings of decentralized exchanges are not satisfactory due to a combination of limited token offerings, poor user experience, and slow transaction times.
The next product in our line of financial application that runs on the network will be the UniFyre Wallet, which will have unique features for sending and receiving transactions that allow users to engage in risk-free and near-instant peer-to-peer exchanges of the following digital assets, with many more being integrated: Bitcoin, Ethereum, Ripple, True USD, Gemini Dollar, and the FERRUM Token, FRM. As of this writing, BNB, EOS, NEO and other major assets are being integrated into the FERRUM Network. Because both parties must authorize a transaction before it is executed, the UniFyre Wallet also enables risk-free, near instant over-the counter (OTC) trading at a fraction of the usual cost.




The Problems with Centralized Exchanges

Blockchain and cryptocurrencies were supposed to provide a trustless decentralized means for peer-to peer transactions. However, in reality, a vast majority of cryptocurrencies are held and transacted through a few large institutions and centralized exchanges. The current situation is far from the promised world of decentralized transactions and community owned currencies, and is more akin to the traditional, but less effective banking system, with accompanying scalability issues and expensive transaction fees. In our view, this is one of the biggest failures of cryptocurrencies, and the need to address this problem is keenly felt by the community.

Currently, there is a lack of organic solutions for communities to utilize decentralized technologies. Instead, they need to rely on centralized exchanges, or look to a decentralized alternative, all of which have significant shortcomings.

The Problems with Many Existing Decentralized Exchanges

 The current DEX offerings also suffer from a lack of functionalityand difficulty of use. It is impossible for ERC-20 DEXs to offer highfrequency trading because the transaction times are limited by the speed of the Ethereum networkxiv. The ideal DEX should offer market and limit orders, provide users with a simple and easy to use interface,and offer advanced features that satisfy the needs of professional traders. The Infinity DEX caters to both the novice and professional with a simple intuitive interface and will offer advanced features such as high-frequency trading, short selling, and AI driven trading assistance. 

The Problems with Over-The-Counter Trading

Now, OTC traders can use their Fe Wallet for their OTC trades.Two users can agree on a price and execute a private trade without being concerned that the counterparty will not complete their end of the transaction. This is because FERRUM has a built-in feature that requires parties to accept transactions before they are executed. If both parties do not accept the transaction, it can be rolled back. In the normal OTC context, if Whale A wishes to sell 10,000 BTC to Whale B in exchange for 300,000 ETH, he cannot know whether Whale B will actually send him the ETH following the trade, and blockchains do not permit the “roll back” of transactions. However, using the Fe Wallet, Whale A can send the BTC, with the condition that Whale B send the ETH, and the transaction will not be executed until both parties accept the transaction. In the future, FERRUM will enable the exchange of digital fiat currencies, thereby offering OTC traders a forum to conduct private, trustless trades using both crypto and fiat without reliance on costly and inefficient middlemen.

We believe that another method of implementing decentralized ledgers by decentralized network, known as a DAG based network, is a more effective solution. DAG is short for Directed Acyclic Graph, which describes the data structure that represents transactions in these networks.




FERRUM can also represent proxy tokens other than Fe(BTC). The technology that provides security guarantees for importing value is critical. We have developed several techniques that provide various types of guarantees, which are suitable for external networks with different characteristics. These techniques are discussed in more detail in section 3 of this paper, and in FERRUM Network’s Technical Paper.



 The following procedure is the general algorithm for transferring value (v) from network X, to FERRUM:
1. Lock or destroy v in the external network X
2. Present the proof from 1 to the FERRUM Network. This allows you to create v of Fe(X)

Token Platform
Currently the Ethereum network is used for issuing ERC-20 tokens. ERC-20 Tokens are not first-class citizens of the Ethereum network. Instead, they are generated using a specific type of smart contract that manages gigantic hash-maps. This is one of the primary reasons that transactions with ERC-20 tokens are not scalable. FERRUM is designed to allow developers to create new tokens that can be transacted and exchanged in a scalable manner. As explained below, Fe(BTC) or Fe(ETH) are tokens that are backed by external value. In FERRUM, we introduce a new type of transaction, which we call the Genesis Transaction. The Genesis Transaction issues a new set of tokens that are not backed by anything. A Genesis Transaction has the following extra fields: Number of tokens and Is Open Ended. 

The Genesis Transaction can be created by a smart contract or a normal account. The creator of an open-ended Genesis Transaction can create more Genesis Transactions. The only account able to spend from the Genesis Transaction is the originator, being a normal account or a smart contract. As FERRUM Network continues to develop, it will be built to allow developers to issue their own native tokens, which can be recognized and transacted similarly to other native or imported tokens in the FERRUM network. 

Tokens and Proxies in the Ferrum Network
To help solve the issues with scalability and interoperability,users can transfer any digital asset to the FERRUM Network, where a proxy of that token is generated. The proxy token can then be transacted and exchanged over the FERRUM Network in a cost-effective and scalable manner. However, users can rest assured that the proxy represents and is backed by external value.

General Information
Token Name and Ticker: Ferrum Network Token; FRM
Token Type: ERC-20 with partial BEP-2, then migrating to native with mainnet launch
Initial Price Per FRM: $0.016
Hard Cap: $1,120,000 (23% of total tokens)
Total Supply: 331,718,750 FRM


Allocation of Project Tokens:
The project tokens are allocated as per the below.



For More Information :
Website              : ferrum.network
Medium            : https://medium.com/ferrumnetwork 
Twitter             : https://twitter.com/FerrumNetwork 
Telegram           : t.me/ferrum_network 

Authors : Tellysa

Wednesday, June 26, 2019

SWIFTLANCE DECENTRALIZED EXCHANGE (SWIDEX)

Blockchain technology enables distributed public ledgers that hold immutable data in a secure and encrypted way which ensures that transactions can never be altered. Cryptocurrency is made possible by Blockchain technology, Digital assets such as Bitcoin, Ethereum, Litecoin, and ripple are the early cryptocurrencies or digital assets in the Blockchain industry.
 
Blockchain technology is an innovative, disruptive technology and its massive adoption has widely spread into the financial industry. As a matter of fact, the application of this technology is now evident in financial world where experts, developers and programmers are building new software, machines and applications using Blockchain technology.
 
CENTRALIZED EXCHANGES (CEX)
 
Centralized exchanges are the most common and early trading platforms adopted by majority of users in the cryptocurrency industry. They are centralized, act as intermediaries between traders with several rules of who, what, and when to trade. Wallet addresses are provided for users to deposit digital assets and in turn, they offer virtual digital assets on the trading platform for users to trade. The user’s funds, assets are majorly stored in a central wallet; it is owned, controlled and managed by a central administrator. 
 

 




COMPARISM BETWEEN CENTRALIZED & DECENTRALIZED EXCHANGES 

PROFERRED SOLUTION



P2P DIGITAL ASSETS TRADING

SWIDEX is a DAPP and token protocol that provides an open peer to peer decentralized trading platform that is instant, fast and secured where its users are able to eliminate intermediary barriers and controls of the centralized cryptocurrency exchanges. SWIDEX is not controlled by a central administrator or entity but it offers a platform where users are empowered to trade directly within themselves on the term they choose.

MISSION AND PURPOSE
 
We aim to provide a decentralized P2P trading platform with smart contract technology. A world where users trade digital assets with equanimity. A burning protocol will be integrated into SWIDEX smart contract where SWIDEX tokens will slowly be burn until 30percent(1.5 billion) of the total supply is successfully burned.SWIDEX will offer dividends in form of Ethereum (Eth) quarterly to holders of SWIDEX tokens. This is to reward SWIDEX token holders as stakeholders of SWIDEX.
 






ROADMAP

SWIDEX will offer numerous dividends, airdrops and technology advancements. The roadmap below reiterates upon the order of execution SWIDEX will take.

 
 



SWIDEX TOKENS (SWDX)
SWIDEX tokens is built on Ethereum Blockchain, ERC-20 with a total supply of 5,000,000,000(5bn) SWDX. SWDX is the native token of SWIDEX, serve as fuel for the exchange. Itenables liquidity and powers open, fast and secured transactions between users of SWIDEX.






For more Information :

Website : https://swidex.trade/
White paper : https://swidex.trade/swidex.pdf
telegram : https://t.me/Swidex/
Twitter : https://twitter.com/swiftlance1/

Authors : tellysa
Bitcointalk's profile : https://bitcointalk.org/index.php?action=profile;u=1898514

Monday, June 24, 2019

Filmgrid Decentralization in the Movie Industry Guarantees Freedom of the Art







The world has changed, the viewer has changed. The streaming services are growing, not only as far as subscriptions but also in original content; Millennials are no longer impressed by the industry's attempts to compete with larger screens, specialized rooms and ridiculously high investment in marketing. They are interested in the content, regardless of whether that is television, a computer, tablet or smartphone; the medium is no restriction.


FILMGRID seeks to use technological, operative and ideological innovation to provide a fair commercial alternative, to generate equality between users and to promote art. By getting rid of unnecessary intermediaries, the creation of better films will be promoted. That way the direct participants receive a higher percentage of the profit, and they receive it sooner.
 

Filmgrid Manifesto


We hold these truths to be self-evident:
-A movie is a work of art, remember that.
-Freedom of formats with no time restraints. A movie can last as many minutes the story requires to  
 be told right.
-There is more than one way to write a movie. Never limit yourself to over-used storytelling 
  structures.
-Acting talent goes beyond the looks. When casting, the best person for the role must be chosen.
-Telling a good story is what matters. Use every available tools appropriately.
 
We say NO:
-To product placement.
-To non-creative interference.
-To business commitments.


We strongly believe:
-Being talented is no excuse for a negative attitude.
-Money should not interfere in any aspect of the movie.
-Credit must never be taken for the work of others.
-Respect to other ideologies and beliefs is paramount.
-Visual effects should assist the narrative, not overshadow it.
-Not a single member of the production team shall be imposed.
-All relative terms to refer to a digital movie, such as film, movie or picture are fine. 
 

Platform Participants


To participate in the platform it is necessary to initially register as a user, which depending on the level of participation, different obligations and privileges are granted; is divided as follows:
 
-Viewer User (Level One). Internet user looking for video entertainment at little to no cost. They can 
  buy movies on the "Billboard" and participate as a voter on the "Pitchboard".

-Creative User (Level Two). Independent filmmaker, any individual involved in the development of a 
 film: director, writer, actor, makeup artist, sound technician, etc.

-Investing User (Level Three). Investors who seek to place their cryptocurrencies towards the 
 production of independent films.

-Creative Team. A group of Creative Users specifically put together for the realization or sale of a film project.

-Production Pool. A group made up of Investing Users, amongst whom the production cost is split.

-Patron. User who participates in the purchase of a movie in presale.

-Fan. User that “follows” a Creative User or Creative Team.

When upgrading, each user level inherits the features of the previous level in addition to the ones belonging to the new one; i.e., a Creative User, in addition to participating in the creation of films, can also buy others or participate in the "Pitchboard" vote, just as a Viewer User.



Rules of Participation

-All projects must have a budget that is smaller than the allotted fund for the cycle in order to compete 
  for funding.

-Users must have at least one filmpass token (1 FILM) in their Filmgrid wallet in order to cast a vote.

-Each eligible user can cast only one vote per cycle.

-All projects must comply with the Bechdel rule.

-All projects must comply with FILMGRID’s Goodwill Code.
 

Traditional Income Distribution

To exemplify the income distribution of a film we will use a distribution percentage median, as well as averages obtained from a sample of 463 films to determine the parametric quantities to perform an exercise.


The proceeds of the different types of distribution are used as income:
-Movie Box Office. Paid by theaters, between 40% and 50% of the box office.

-"Home Video". Paid by retailers, between 40% and 60% of the sale of physical copies (Blu-ray, DVD) and electronic copies (iTunes, Google Play).

-"Pay Per-View" . Traditional electronic rental income in pay television systems, between 40% and 50% of the rental fee is paid.

-Subscription TV. Licensing to SVOD channels and services (Netflix, Amazon Prime).

-Television Broadcasting. Licensing to broadcast channels.

-Others. Merchandise, soundtrack sales, theme parks, etc.


We will set the following amounts on an average income for a domestic box office movie at $66,540,048.44 CHF in the US, "Home Video" sales for $93,688,388.20 CHF and "Pay Per-View" rentals for $ 23,422,097.05 CHF; the rest of the amounts hold the average proportion with the aforementioned income. 
 


Income = Gross Income - Taxes - Sales Commission


Sales commissions are the share received by theaters, retail stores, digital movie rental systems, etc. The income is distributed as shown: 
 

Canvas Model






FILMGRID’s proposal is solid, filmmakers should receive fair compensation for their work, this goes for each and every one of the participants in the creation of a film.
 
Since our model is inspired by our ideology, it adhere us to maintain low fees:
Premiere sales. 13% fee, is automatically transferred to the Production Fund allotted to the next cycle.
Screening Sales. The 7% commission, is used to subsidize the administration of FILMGRID.
Home Cinema Sales. 3% processing fee.

Blockchain

Due to the challenges FILMGRID platform must face, three different areas must be managed by the same decentralized application; each with a particular function in mind:

-User Identity. For users to manage the information they are willing to share, and so the platform may identify the level of participation according to KYC rules.

-Transactionality. This blockchain provides distributed, immutable record with built-in integrity checking. Every sale, gift or voting that happens in the platform is recorded in here; smart contracts will live here as well.

-Movie File Storage. To provide integrity verification for movie files, we will store the data off-chain and store a hash of the data on-chain. This guarantees that the data is not being modified while protecting the blockchain from becoming bloated. 
 

Token Distribution

We are planning two distribution phases. The first phase is to finance the development of the FILMGRID platform, once we have a Minimum Viable Product (MVP) we will run the second phase, where we look to form the Production Fund that will be used by the first Creative Teams voted winners by eligible users; this fund will be protected by the smart contracts that have been described previously.


The amount collected during the token distribution phases will be used as follows:
Phase I.
2% - Private Sale. The goal is to start developing a working prototype, additional to the present team, developers and freelancers will be added to it.
 
6% - Public Presale. It is expected to obtain the necessary financing for the company to work throughout its first year.

32% - Public Static Sale. It will be used with the task of improving the Dapp in a permissioned blockchain developed by FILMGRID. As for the global marketing efforts.


Phase II.
40% - Public Dynamic Sale. This amount is devoted exclusively to form the initial Production Fund.
 

Utility Token “filmpass”

General details for the utility token filmpass.
-Name: filmpass
-Identifier: FILM
-Decimals: 8
-Token type: ERC20
-Total Supply: 1,000,000,000
-Available for sale: 80%

-Minimum Investment.
Private Sale: 1.0 ETH
Public Presale: 0.1 ETH
Public Sales: 0.01 ETH
-Maximum Investment.
Private Sale: 100 ETH
Public Presale: 50 ETH
Public Sales: 10 ETH
 
For More Information :
 
Telegram : https://t.me/filmgrid 
 
Authors : tellysa

TEE-coin as a reward token built on blockchain and cryptocurrency technology

 Many cryptocurrencies cannot be used as a medium of exchange at merchant stores. TEE-COIN strives to provide solutions to overcome t...