MoviToken works as ERC20. It is made up of the verified community with the cryptocurrency which was created just for the community of independent film. MoviToken had been developed to be used by the filmmaker and producers to make competitive products. The example is when a filmmaker pays the cinematographer so that he can give him the camera gear to take his feature film and this will help to save enough money to pay for the requirements of another movie. The writer does not have to complain that he cannot sell the screenplay since he can still negotiate to get the payout at MoviToken. The writer can still make his own movie by using the holdings at MoviToken. The actual cash is always in the limited resource when it comes to indie producers so this company is here to help in bridging the financing gap that exists in the film industry.
The MoviToken should not be taken as the alternative to the payment method between the union members like it happens with other unions like IATSE, PGA, WGA, DGA and SAG. The company is more concerned with the production from non-union members.
The objectives of MoviToken
It is something well known that technology had advanced and in return, it has made a positive impact on the independent film industry. Before everything else, it is important for everyone to understand what it is the MoviToken and what its objectives. The company is based in the cryptocurrency and it is designed to reduce the cases of deferred or low agreement within the film community. This company is popular and it has been named as MOV and this is how it had been registered within the Parity Registry.
Before it was hard to produce the movie since it was expensive and the producers had to use own money so that they may fund their production. They were doing this just out of passion and it was not for a career as many people would wish. Because of this, it was common to see crew and producers had to forget about their dreams if they do not have enough money.
Many people in the film producers, they had to stop acting so that they can work on their other jobs. There are different aspiring producers who may have got a chance of showcasing their own talent but they failed to do so. This is the reason why the MoviToken came up. With this invention, the producers now are capable of funding their business by paying with the MoviToken. In simple words, the token finances the movie by the use of cryptocurrency blockchain and it is in the case where the producers are not able to raise the cash. After making the payment, the crew will exchange MoviToken at Ethereum which is then changed into BTC or USD or more action. This exchange may take place by the use of apps which is related to Ethereumblockchain.
It is something to mention that the ecosystem of MoviTokenblockchain does allow the trade found between the currencies in which the main objectives had to be used within independent film community and this is particularly in producing documentaries, film, web series and television. MoviToken may be used together or in the place of the fiat currency where complementary currency can be accepted.
How Indie film will benefit
By the use of MoviToken, producers may pay for the crew and talent through financing film production in the Ethereumblockchain. Afterwards, the crew may convert the token to be desired BTC or USD or any other token.
The community currency
Since it is a community cryptocurrency, the main target of the MoviToken is to reduce the need for cash through having no pay or low paydays. With the MoviToken, everyone can be paid in this film industry. The producers are able to make the good use of the income and to buy new or high tech equipment with other expenses which lead to high productivity into the industry with the expansion in near future.
What guarantee MoviToken gives
The MoviToken gives the guarantee at 100 percent. It had been created by a film producer and he wanted to ensure that the financing gap that exists in Indie film is reduced. The smart contract found at MoviToken cannot be stopped. This contract will not be terminated and it will not also be changed.
How you can apply to get the MoviToken
After seeing the benefits of MoviToken in this industry, many crew and producers start to think about ethereumblockchain ecosystem. It is because they had witnessed how people can be independent which had been achieved in the film industry and it enables the producers in paying or catering for the expenses using the community currency and also spending less compared to what happened in the past. The MoviToken can be used in paying the crew, producers and cast. Film community had to start by crowdfunding using the MoviToken and should then consider the trading at the exchange. The member can get MoviToken for all the services given. The investors can use the MoviToken so that they may keep up the culpability of the blockchain. The producers can request the payment given by the distributors and it should be in MoviToken. The producers should be able to trade at the open market. This increases the profit on the investment of the members.
Why members should use MoviToken
- MoviToken does encourage using of the cash in the film community which prevents the community against losing money and maximizing the profit in the end.
- MoviToken helps with the cash flow in the locality of each film
- It does popularize the community in the entire world and this promotes the talents.
- MoviToken does encourage the interaction in the film community and it promotes the trust and the support.
- MoviToken does encourage the talents and the aspiring crew and cast which may employ the creativity and to become resourcefulness in the community and developing of the newest skills.
- The Movitoken will offer the same chance to everyone, the chance of interacting and sharing of ideas within the indie film industry.
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