MovieCoin’s Public Presale For Blockchain-Based Technology
VentureBeat reports that, according to chair/chief executive Christopher Woodrow, “MovieCoin comprises content financing and production, business and consumer services, and technology development and licensing.”
“The content financing and production business offers ownership of filmed entertainment assets to financial investors seeking institutionalized, programmatic access to financing of premium content,” he added. “Our team of seasoned Hollywood media executives will source and qualify commercial feature film and entertainment investment opportunities.”
The MovieCoin Smart Fund, he added, is a “financing program established to finance and own a portfolio of wide-release, feature-length major motion pictures.” MovieCoin Smart Fund (MSF) tokens are used to fund content production on the MovieCoin platform, enabling investors to partake in film financing at a lower cost than traditional financing models.
Similar to crowdfunding, MSF tokens allow “users to stake a claim in the industry at a lower level than before,” and could also be used “to purchase movie tickets and other entertainment offerings.”
See the full story here: http://www.etcentric.org/moviecoins-public-presale-for-blockchain-based-technology/