Nollycoin: Decentralised Eco system for movie distribution
A Decentralized Ecosystem For Movie Distribution In Developing Countries
Dr Ope Banwo has several degrees in Law and has been in top Executive Positions in both USA and his native country Nigeria for over 30 years.
He is admitted to the New York Bar (1997); Fed District Court, Nebraska USA (1997) and Nigerian Bar (1986). He was the Founding partner of Banwo & Igbokwe LLC USA; Ceo, Netpreneur360 Inc.; Co-Creator of Mobimatic App Builder; Co-Author of Crypto Millionaires Manifesto and Host of Cryptomania Show. He was also founding CEO of Dove Media PLC and Nollywood Blockbusters Ltd. He trained with Arthur Anderson and has pioneered several businesses in USA and Africa.
Daven Michaels Daven Michaels is Best-selling producer, author, speaker, outsourcing expert & founder of 123Employee.
He is a Business Success Builder, Marketing Maestro; Outsourcing & Virtual Team Building Expert and Global Lifestyle Entrepreneur. Dave Michaels is the Founder of 123Employee, one of the biggest outsourcing firms in the Philippines. He has been involved with 2 different ICOS with his last one raising over $30,000,000
Entrepreneur, Speaker & Investor.
He is President at Absolute Leverage LLC Creators of Everlesson Portal; Ever Funnels, Survay and Easy Links software.
Chad has been involved with Digital Marketing for over 12 years, and has worked with some of the biggest names in the industry and has worked behind the scenes on many successful product launches in the digital world.
Kayode Ayeni He is a Chartered account of over 30 years and has been top executive in various companies for more than 25 years.
His expertise and experience include providing advisory leadership to Nigerian’s federal government privatization program as a World Bank / USAID consultant to the Bureau of Public Enterprises (BPE).
Olufemi Awoyemi, B.Sc. (Hon), FCA, AMNIM, ACIT, AIMC, AIoD, serves as the Founder and Chief Executive Officer at Proshare Nigeria Limited since 2006. Mr. Awoyemi is the Principal Partner at Awoyemi & Co.
Prior to this, he served as the Managing Director and Chief Executive Officer at P2P Media Partners Limited. He also served as the Head of Treasury and Management Accounts at British American Tobacco where he left as a Member of Senior Management with responsibilities.
Emem Isong is a very experienced and accomplished African Movie screenwriter, film producer, and director. One of the most pre-eminent and dominant figures in Nollywood and African Movie industry.
Producer/directors in Africa, Emem has won virtually all possible awards for excellence in movie making and directing. Some of her over 100 Blockbuster Movie Producer credits include Ayamma (2016); Don't Cry For Me (2015) Apaye (2014) ; Knocking on Heaven's Door (2014); Forgetting June (2013); Silver Lining (2012); I'll Take My Chances (2011); Kiss and Tell (2010); Bursting Out (2010); Memories of War (2010); Edikan (2009); Reloaded (2008); A Time To Love (2007); Unfinished Business (2007); Yahoo Millionaire (2007); Games Men Play (2006); Traumatized (2006); Behind Closed Doors (2005); Darkest Night (2005); Endless Lies (2005); Games Women Play (2005); etc
Charles Novia, is a Nigerian film director, producer, screenwriter, actor, social commentator and essayist. He has been in the top level of movie producers in Nollywood for over 21 years 9since 1996).
Novia is known for films such as Missing Angel (2004), Covenant Church (2006) Caught in The Middle; Alan Poza; Caught in the Middle; and The Pastor and Harlot; The Bridesmaid to mention just a few. In 2014, Charles Novia was chosen as part of the Nigerian team to screen Nollywood films for Best Foreign language category of the Academy Awards by the Academy of Motion Picture Arts and Sciences.
Tade is considered one of the ‘fathers of African movies’. He has not only produced or directed some of the highest grossing films of his era, he also personally mentioned some of the biggest names in the game today.
There is no award he has not won and is a frequent consultant for governments and the biggest companies in Nigeria on anything to do with creative movie making. Tade Ogidan’s name is synonymous with quality, class and instant classic movies. He is arguably one of the most professional movie makers African Movie industry has ever produced. Some of the unforgettable mega blockbusters from Tade Ogidan include: Owo Blow (1995); Out of Bounds (1997); Hostages (1998);Diamond Ring (1998); Saving Alero; Tade Ogidan (2001); Playing games (2012); Dangerous Twins (2004); Madam Dearest (2005); Family on Fire (2011)
Simi is one of the most preeminent movie producers in Africa and Nollywood. As Director, Producer and Writer, he has more than 50 blockbuster movie credits to his name.
Such movies includes Osuofia in London; Dangerous Twins; Four Sisters 1,2,3 (2008) ; King of the Town (2006); Life Abroad (2006) ; Pretty Angels (2006) ; Fateful Love (2004) ;Ògìdán (2004) ; The London Boy (2004) ; The London Boy (2003) ; Above Death (2003): In God We Trust (2003) ; Bad Boys (2003) ; The Omega (2003) ; Holy Ghost Fire (2001) ;The Battle of Love (2001). Simi is an active member of many professional bodies in Nollywood most notable of which are: The Directors’ Guild of Nigeria (DGN), Association of Movie Producers (AMP) and the Independent Television Practitioners Association of Nigeria (ITPAN)
Fred is a Nigerian actor, producer and director. A graduate of Theatre Arts and currently serves as the President of the Directors Guild of Nigeria. Fred Amata, who directed his first movie in 1993 has been fully engaged in Nollywood and African movie production for more than 25 years.
He is also a big part of what is often considered the Nollywood royalty family of film makers that included legendary producers/directors such as Zack Amata, Jeta Amata and Ruke Amata. As both Producer and Director, Fred Amata has directed some of the most unforgettable movies in Nollywood including unforgettable iconic movies such as: Mortal Inheritance; Light & Darkness; My Love; Keeping Faith: Is That Love?; Black Mamba; The Return; Hand of God; Dangerous Desire; The London Boy; A Kiss From Rose; Wheel of Change; Hidden Treasures; Emotional Hazard; Anini; The Amazing Grace; The Empire; Letters to a Stranger; Dear God; Blindfold; Freedom in Chain; Black Gold; Black November; Road to Redemption.
- Crowdsale (60%)
- Presale (10%)
- Bounties/Promos (5%)
- Founders (19.5%)
- Tech/Partners (5.5%)
Cost of the token32000 tokens for 1 eth
Price without discounts
MINIMUM PRESALE PURCHASE
0.50ETH = 16,000 NOLLY
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Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
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The project is aimed at developinga streaming video platform using a decentralized system of registers and the creation of an entertainment ecosystem using blockchain technology to provide long-term solutions in some third world countries and beyond. The project plans to become an official means of exchangeinanewentertainmentecosystem of cinemas.
Risks and disadvantages
There are few minuses in this project, except for implementation of this solution in the real market of streaming video. The possibility of demonstrating various films in countries where there are many bans on this type of product do not look surely.
I think that this project is interesting and promising enough, it has good chances to become successful in a short period of time. Especially, taking into account the relevance of the project and the possibility of using blockchain technology for streaming video in third world countries, where there is no access to the free film market.
The project has dozens of experienced advisors. Roadmap looks detailed as different steps of platform development are highlighted. Nollycoin has also couple of social networks ( Medium, Facebook, Linkedin, Twitter). It also offers discounts for early investors.
Risks and disadvantages
19.5 % of all tokens are accounted for the team. The following is high, as it easily manipulate the token rate when it enters the market.
The idea is new but I wonder whether It will be easily implemented. As there is no nothing mentioned about cooperation with film companies , like Marvel, Warner Brothers and similar ones.
What is NOLLYCOIN?
Nollycoin powers a Peer-To-Peer system for the publication, distribution and consumption of Movies, using decentralized ledger blockchain technology.
Nollycoin powers a content distribution network that allows movie producers and their creative works collaborators to license their content as a “coded contract” directly to a decentralized database called a “blockchain”. These contracts automate the collection and distribution of royalty payments and remain in the control of the movie producers and creative artists themselves. Consumers can then access a global catalog of movies stored on a peer-to-peer network and pay owners directly using digital currency, based on their usages. Ease-of-use tools can be designed to allow a seamless experience for both movie owners and consumers, and an open protocol will allow third-parties to build a rich Nollycoin ecosystem of value-added software and services. By providing a distributed and highly transparent platform that connects creative artistes in the conception and production of movies (i.e. Movie Producers, Directors, Cameramen and Other Creative Works artistes) and Consumers of African Movies directly, Nollytainment, through its Nollycoin, lays the groundwork for a new age in the Financing, Production; and Distribution of African Movies in a way that is sustainable, borderless, and fair to all stakeholders.
What are the objectives of the Nollycoin Project?
Nollytainment core objectives behind the token sale include: I. To build a blockchain powered peer-to-peer content delivery Platform with Nollycoin as the primary medium of exchange, where:
Creative Artistes can list their contents under a smart contract that implements the compensation structure for all collaborators in the movie production process without any 3rd party intervention.
Viewers and buyers will be able to make direct micro payments for movies purchased to all content stakeholders with one click.
Everyone recognized in the original smart contract will all get paid simultaneously without any 3rd party involvement
Different copyrights of collaborators are registered and secured permanently in an unchangeable blockchain ledger on the platform that cannot be altered or changed by anyone, and no 3rd parties will be needed to enforce it.
No government censorship or third-party involvement between Content Producers and their Consumers.
II. Along with raising funds for our next-generation content distribution platform, we are also using our token sale to set up a fund for creating a slate of exclusive international Blockbuster African films to attract users to our platform while also giving our token participants additional utility for their tokens beyond the normal trading [i.e. Tokens may also be the exclusive tickets to watch and access the exclusive movies on the Nollytainment platform]. The full details of the Nollycoin concept, the unique solutions it brings to the entertainment industry and business plan summary is articulated in Nollycoin official White Paper.
How many coins are allocated to the coin developers?
5.5% of total coins is allocated to developers, technical collaborators and others involved in the technical development of the Nollycoin concept and associated systems to keep their long-term commitment to the project. This is in addition to cash payments for their work
What is the NOLLY token allocation?
During the crowdsale process there will be an allocation of 100,000,000 of the total amount of 150,000,000 NOLLY tokens. The remaining will be used to leverage the bootstrap phase of the Nollycoin platform by rewarding users, developers and OEMs; to create the Nolly Store Foundation; to reward key contributors to the ICO and the platform; and different partners, for the initial support and contribution.
Is there a minimum investment stake?
Yes, the minimum investment during the ICO is approximately 40 USD/0.05 ETH for 800 NOLLY tokens. There won’t be a maximum investment per wallet, unlike pre-sale, which means every single investor will be able to invest as much as they like.
Does Nollycoin ICO require KYC?
Yes, there will be two types of KYC. For investors under 10,000 USD there will be a light KYC process where only personal information will be required, such as first and last name, gender, date of birth, nationality, country of residence, id number. For investors over 10,000 USD we will have a full KYC process where an additional scan of the passport or national ID card will be required.
Why do you require a KYC process?
The Know Your Client form is a standard form in the investment industry that ensures investment advisors know detailed information about their clients’ risk tolerance, investment knowledge and financial position. The aim of KYC is also to prevent theft, fraud, terrorist financing and money laundering. It helps us ensure that our clients are not involved in any of the above, hence the service provider won’t get in trouble with the regulators.
Which cryptocurrencies are accepted during the sale?
Since Nollycoin is an ERC20 token and the token distribution is done instantly by smart contract, we can only accept ETH for participation.
Can I purchase via Coinbase?
It is not possible to purchase Nollycoin tokens directly from Coinbase, as that platform is compatible with ERC20 tokens. You can however purchase ETH from Coinbase and then transfer it to your MyEtherwallet and from you MEW, you can then purchase Nollycoin. Here is the proper procedure of purchasing ETH from Coinbase would be:
1. Buy ETH on Coinbase.
2. Transfer your ETH to a ERC20 compatible wallet such as MyEtherWallet.
3. Send your ETH from MEW to the deposit address stated on the www.ico.NollyCoin.com [NOTE: To avoid being scammed, Do NOT send your payment for Nollycoin to any other address EXCPT the one listed on our official website at www.ico.nollycoin.com. We have not authorized anyone to provide any alternative options for participants. So, beware!]