Today I have just become a MOVIE PRODUCER for $75!
Cool right? Or I at least contributed in the making of the FIRST EVER MAJOR FILM funded via Ethereum Crowdsale.
Introduction to Braid The Movie
Braid is a psychological thriller and horror story of two self proclaimed artists turned dealers and schemers on the run. A female version of A CLOCKWORK ORANGE, MULHOLLAND DRIVE meets HEAVENLY CREATURES meets FUNNY GAMES, with THE OTHERS twist at the end.
The Crowdsale Experience
Challenges
Initially, crowdsale was scheduled 7June 2017 at around 11:00PM Manila time. So by 9:00PM, I have started the countdown. With less than an hour to go, the clock reset to 7 hours more before the sale start. New schedule is at 6:00AM Manila time today, 8th of June.
Dang! this meant I had to wake up at least 20 minutes to six, just to give myself enough time to prepare for the sale.
Glad to report that I woke up early enough to participate. Yeah, all this for a $70 contribution.
The Ether address to send contributions to was not listed in the site, so I was anticipating that after the countdown an Ether address will be shown. After the timer countdown stopped though, no address appeared. Curious, an internet information hunt was immediately started. Searching far and wide, I looked for any available information that may indicate the Ethereum address to send to. Went back to the site and saw that a downloadable terms and condition is now there- which wasn't before. Quickly reading through, I found the email address braidmovie@wanderingbard.com. And so 7 minutes after crowdsale start, I shoot them an email.
I also found an email address for Annie Scranton, in charge of Braid's public relation, in one of the articles i read. An email was sent out as well, this was a couple of minutes prior to receiving the response from wandering bard.
Things went smoothly from here on.
Clicking the 'Contribute Now' button will prompt you t create a light wallet. If it is also your first time to create this wallet, worry not because it is very intuitive- steps are explained and easy to follow.
Next step is to send Ethereum to this wallet address, and use that fund to send in your contribution. $1 is to one token, and so I am a proud owner of 75 tokens!
What I Loved About this Project
- The thought of this new approach in funding films excites me, as it can very well translate to unlimited creativity, with the movie team being able to fully execute their vision, without the worry of intervention from big movie companies. Truth be told, the thought of being able to say that "I partially funded that film" is quite exciting! I was looking forward to joining the event.
- The movie in itself is well-thought of, a genre that would appeal to anyone- regardless of the culture.
- Value for your contribution- BRAID TEAM is seeking to raise a minimum of $1.4M and maximum of $2.1M worth of Ether in exchange for 30% of the future profits of the film. Token holders will have the first rights to any revenue generated by the project with 15% interest before any profits are taken by the production team. After contributors to the sale are made whole, the remaining profits of the film will be divided 70/30, with 30% of the net profits being proportionally distributed to token holders.
- I particularly liked the light wallet used because it adds to the feeling of security of your tokens.
- And most importantly, the best take-away for me from this experience is that THE TEAM RESPONDS BACK TO EMAILS regardless who sent it out. This validated further my belief in the team, and that they would be looking out for the people who placed their trust on them.