CryptoFlix is a blockchain based decentralized network that has revolutionized the content market by incorporating blockchain and smart contracts thereby replacing the traditional content distribution approach.
|Description||CryptoFlix is a blockchain based decentralized network that has revolutionized the content market by incorporating blockchain and smart contracts thereby replacing the traditional content distribution approach.|
|White Paper URL||https://www.cryptoflix.io/Cryptoflix-WP.pdf|
|ICO Launch||2018/05/15 19:32|
|ICO Closing||2018/06/14 05:00|
|Token Platform||ETH (ERC20)|
|Funding Target||5,000,000 FLIX|
|Funding Cap||57,000,000 FLIX tokens|
|Coins Offered||57% of the total token supply|
What Is CryptoFlix
CryptoFlix is a decentralized blockchain based platform that intends to exploit the huge paid content industry, and to do so the platform strives hard to circumvent the traditional payment options by replacing it with digital currencies. The platform also claims to be the pioneer to offer cost-free content to create awareness amongst the masses via TV and films. The best part is that people from all over the world can access the content offered by CryptoFlix without any geographical or socio-economic limitations. The platform incorporates blockchain technology and through a patent content mechanism, CryptoFlix enables its users to stream movies online instead of having them downloaded in pirated versions.
CryptoFlix is a blockchain based decentralized network that has revolutionized the content market by incorporating blockchain and smart contracts thereby replacing the traditional content distribution approach. Using advanced technologies, the platform keeps striving hard to reshape the paid content industry and help in creating awareness among people through electronic media. The platform encourages the online streaming of entertainment videos and content instead of downloadable pirated versions. The platform serves to be the first market ever to help film producers, distributors, films industry players and sale agents in raising funds for their prospected projects.
How Does CryptoFlix Work?
The CryptoFlix is a film streaming marketplace that accepts payments for featured TV shows and films in form of the platform’s own utility FLIX tokens or other digital currencies. It enables individuals as well as groups to watch its content for entertainment and educational purposes all across the world. People need to download the CryptoFlix app available on Google Play Store and App Store for android and iOS based mobile and tablets respectively. The platform selects free content such as educational films, documentaries, and TV carefully following the platform’s educational guidelines. The content offered by the CryptoFlix is primarily available for private users, however, this content can be accessed by private schools, institutions, private and public companies through a subscription model.
Earn CryptoFlix Tokens
To earn CryptoFlix tokens people need to participate in the pre-sale and main sale phases of the ICO which are yet to be conducted. The platform is likely to be offering some bonus offers during both of its pre-sale and crowd sale. To earn CryptoFlix tokens along with bonus offers, people need to contribute in the ICO during early days of the launch of the ICO.
Buy CryptoFlix Tokens With E-Wallets
The platform is based on ERC20 tokens. People who plan to buy CryptoFlix tokens need to send ethereum to the platform to receive CryptoFlix tokens in return. Those who wish to buy CryptoFlix tokens can also buy them from different supported exchanges all across the globe in exchange for other cryptocurrencies. Please be aware that you must have an e-wallet first before you buy CryptoFlix tokens since the tokens of the platform are based on ethereum and it’s a cryptocurrency which can only be stored in e-wallets.
The ICO Distribution.
The provisional date for the ICO to launch its token sale is set for May 15th, 2018. The ICO is expected to last for about a month. It will end on June 14th, 2018 or when the minimum fundraising target is achieved. There will be a total of 100 Million FLIX tokens available for distribution. The soft cap of the ICO is set as 5,000,000 FLIX. It will observe a hard capping of 57,000,000 FLIX tokens. There will be a minimum contribution of 1 Ethereum. The starting price of the ICO token is not known yet, however, it is anticipated that it will be mentioned close to the launching of the ICO as per the ETHER price fluctuations.
The ICO plans to distribute it tokens under the following proportion;
- 57% FLIX Tokens are planned to be made available for the public to subscribe
- 5% FLIX Tokens are planned to be distributed to offer Bounty and Reward Programs
- 20% FLIX tokens are planned to be distributed as Industry Reserve
- 18% FLIX tokens are planned to be distributed to Team and Advisors of the Company
The ICO plans to allocate its funder generated through the ICO under following proportion;
- 62% funds are planned to be allocated for the development of the platform
- 10% funds are planned to be allocated the development of information technology
- 19% funds are planned to be allocated to the Admin and Operation department of the ICO
- 04% funds are planned to be kept separated to meet Legal Obligations by the ICO
- 05% funds are planned to be allocated for meeting Contingencies
The ICO has following members;
- Christian Falkenberg Husum is the CEO and Producer of the Platform
- Stefan Steen Larsen is the COO & Expert for Digital Rights at CryptoFlix
- Manmeet Singh is the Strategic Advisor at CryptoFlix
- Francisco Javier Pérez Rodríguez is the Ambassador Educational Content at CryptoFlix
- Peter Rommel is the Producer and Member Advisory Board Member at CryptoFlix
- dward Arentz is the Film Distributor as well as Member Advisory Board at CryptoFlix
- Mike Boutwell is the IT Architect and also a Member Advisory Board at CryptoFlix
- Bastian Noreen Larsen is a Developer Full Stack at CryptoFlix
- Jonathan Brathwaite is the Legal Advisor to the Company
- George Thomas is the Blockchain Developer at CryptoFlix
- Gabriela Y. Rios is the Marketing Manager at CryptoFlix
Invest In CrytpoFlix
After a careful review of the ICO, we hereby conclude that the ICO is the only champ in the film industry to offer media content using blockchain technology. Since the ICO is yet to announce its token sale, therefore, it is a bit earlier to predict the future of the ICO categorically, however, due to its workable objective, we believe that it is going to be a successful venture for sure. We, therefore, suggest people may invest in CryptoFlix with full confidence.