Topic: 🌟🌟🚀 [ANN] CRYPTOFLIX 🌟🌟🚀 Watch Movies. Fund Films. Get Cryptos. Repeat. - page 231. (Read 42496 times)

You guys are worried for nothing, like you said it's in their best interest to deliver. And by the way if I'll join this ICO I'll use my tokens to purchase content or to invest in a film production aniway. Don't always see the speculative part only

if they're doing their job right, then the value of the token will increase. it also means that the dev's have an interest in doing a good job so they can sell their tokens for a high price.

It shouldn't affect the price much since the unsold tokens will be locked for a year and after that the tokens should be used to even increase the price through marketing and partnerships. If you trust the team to do so that than it's even better than burning the tokens imo.

To be honest, I don't really get this idea of a reserve fund till the end, but it seems that you're right and the token price can go down since there is suddenly more tokens than it was paid for in the beginning. I would suggest to review it again, if the advantages of keeping those tokens outweight disadvantages.

I agree, if falls in the price of the entire portfolio and there is no place to wait, it is certainly very unpleasant. But after this you will understand what you should and not do.

This I would like to know too, the business model needs to be clear and precise. Also I believe investing in movie is a fail safe investment because I know how movie industry is even in Independent films.. At least the capital returns is possible even in bad movie..

Unsold tokens will firstly be allocated to the reserve fund and locked for a period of 12 months with a 3-month cliff and thereafter they can be used to strengthen partnerships, market presence, marketing, technology etc.

Since unsold tokens will not be burned, does this mean that they are thus at the disposal of developers? Consequently, the command will no longer have 18% + 20% tokens, but much more. Why does it seem to me that this can affect the price of the tokens negatively? While on the other hand, even if you burn non-sold tokens, the percentage of tokens at the disposal of the team also increases. But the total number of tokens decreases, and therefore the price of tokens does not decrease significantly.

Thank you for detailed explaine. I understand now. Som you will have second types of tokens? How i can convers FilmCoins to Cryptoflix tokens or Ethereum or fiat?

I think that is quite a common mistake about interns these days. But they don't even need to hire an intern, they also could just hire something like a community manager for social media to make some posts on twitter, facebook etc.

Cryptoflix team aims to reward both content creators and consumer.  Flix token holders will invest to the creators project for a potential return investment while creators also receiving funding for their project. 

Our aim is to help top quality film producers, sales agents, distributors and other film industry players to achieve funding for their projects, while at the same time offer the FLIX token holders the opportunity to act as financiers to enable them to achieve a return on the transaction.

In the White Paper we have used the example below:

A renowned producer is seeking gap financing for an English language horror movie. The movie will star a cast of renowned, but not “A-List”, actors.

Token holders can invest in the offered film projects with the returns and conditions offered in a term sheet. This will provide FLIX token holders with a unique opportunity to finance film projects, while fully aware of the risks and returns involved. The CRYPTOFLIX risk score will take into consideration the cast, the genre, the director, producer and key crew attached as well as other factors such as projected market penetration and income, which will serve as a guide for the token holder into the profitable world of film financing.

Other examples of potential projects needing financing could be:

A high quality independent film project, which unexpectedly attracts an A-List Actor to star. This happens and the producers will need to quickly find the extra financing to be able to cover the increased cost, which they are naturally willing to bear because the involvement of a star actor could hugely affect the financial outcome of a film.

Or

A distributor wants to pre-buy the rights to distribute a quality film and is looking for financing to be able to enter into an agreement with the sales agent before a film festival. A distributor is first in line to receive his/her share of the profits and the risk is different than that of the producer.

Now finally regarding the investment process we will use Smart Contracts and internal 1:1 fiat pegged stable FilmCoins to avoid exposure to the potential fluctuations in the crypto currency prices.
As a FLIX Token holder, you will have access to the CRYPTOFLIX Film Marketplace, where you will be able to see the projects you can invest in and their term sheets. When you invest in a project, CRYPTOFLIX will deposit your FLIX Tokens into a FilmCoin smart contract and you will receive 1:1 fiat pegged internal FilmCoins which represent your investment.
If and when the film project is a success and recoups profits, the initial FLIX Tokens used as collateral is returned to your digital wallet, while the yield is given as internal FilmCoins.
I personally think that this is a film financing platform which has a big potential. Please read the white paper on www.cryptoflix.io

So this will be like ICO? Tokensholders will not receive dividends? How much % users will be receive from profit? 

You seem to underestimate the intelligence of an intern. It would be extremely easy to find an intern who could learn basic crypto (if they don’t already know it) and familiarise themself with the project in a few days of reading.
I’m even sure there are people here in this forum thread who would pick up that job in exchange for some of the Cryptoflix tokens.

Hiring an intern won't make it any good. You need someone who has at least basic knowledge of the crypto and he/she should have the knowledge about the project in detail.

Thats actually true, maybe they wont be able to do a big advertising like placing some ads on popular sites.
But about the social media thing or manager, i think they can hire the bounty hunters and pay them with the project's token.

Sadly, this is true about marketing for an ICO. The big problem with this truth is that there are now standards and minimum viable means of operating in place. This is a double-edged sword because I have seen good projects fly under the radar because they were underfunded or just tech guys with great ideas and or projects, they just weren't very good at marketing or talking to people. On the other end of the spectrum, you have these professional scammers that are better at holding ICOs than any legit business ever could. They have probably already pulled off one or two scam ICOs and walked away with millions. Well, what is to stop them from doing it again and again? Only every time they do it, they have even more money for marketing. hiring managers and the works? By now they could be holding multiple ICOs and we all would think that they were legitimate because of how much of "their own money" they have already invested into their marketing and their new project.
So before anyone judges too harshly based on the premise of how well a company is marketing their ICO.... Ask yourself, should a startup be able to afford 100,000 for marketing. Should they be posting to twitter and telegram all day or should they doing what they do best, developing the tech for our future?

I am a marketer among many other things. So I know the importance of product marketing. I just think that when you stumble on to a great project with a dedicated team, take them for what they are doing instead of what are not doing.

True, every crypto project needs to be active on Telegram, twitter, reddit and BTCT in my opinion. Even if its hard, hire an intern for low salary

You don't think Netflix makes its own movies, they give creative people the means to do just that

i think they should to make a single post per day. they are open bounty twitter right? so, bounty hunter will deliver what their post to related people in twitter network.

This is why they started this thread. You don't have to worry about marketing they will hire some decent manager to do heavy work