Topic: 🌟🌟🚀 [ANN] CRYPTOFLIX 🌟🌟🚀 Watch Movies. Fund Films. Get Cryptos. Repeat. - page 91. (Read 42498 times)

Thanks Christian, someone spreaded some false rumors and you answered ASAP, that's why I have a lot of confidence in your team

I appreciate such clarifications from the team and their efforts to clarify certain community queries. Good job guys!

is that an email reply ?

Thanks Christian. Once more you make things clear.

I really love how active the team in this Project.

In fiat world scamming investors is a criminal offense. That is one of the reasons more regulations should and will be imposed on cryptocurrency.

Well in case the devs are grabbing this chance if there is one!

But it would make sense, that the company makes the KYC (Know Your Company ), not the investor.
The reason is simple, because only investors can loose money, if the ICO is scam.
There is no possibility, that an investor can scam an ICO.
I'm aware, that the KYC is made for reasons of money laundering, but from the view of who has to be protected, the company should make the KYC, rather than the investor.

Hey everybody,

Once again thanks for your continued support. I have been following your discussions with great interest.

A few remarks:

1. The team is still the same as it was- We have added a few new faces since we started, but the core team is the same and will remain this way.

2. About a second token - We are only doing ONE public token - the FLIX token, which will be used as payment on the CryptoFlix Platform and which can also be used to invest in films on the CryptoFlix Film Market Place.

The way that we see the investment on the Film Market Place, is that the FLIX tokens are vested as a security for the investment and we will then issue an INTERNAL USD pegged token for each project. This is because filmmakers need FIAT to pay for the production and they will likely not take on a further risk of having to pay the term sheet yield in FLIX because of the volatility.

So when the investment recoups the income, the FLIX tokens will be released gradually and at the end there will be a USD pegged yield as projected in the term sheet. Meanwhile the FLIX token holder keeps all his FLIX tokens which will be released 100% when the investment is recouped.

I hope this helps. Keep up your support for the project - not long until the ICO now.

Best and have a great weekend guys,

Christian

Any company must identify the identity of its investor, before undertaking a financial transaction with him. Otherwise, this is a gross violation of the law.

i dont understand you OO"

the team does not make kyc for themselves, they have to do it for people trying to buy tokens, like investors...

I don't mind if the team does KYC, but I do hate it when investors have to do it.

I have not seen any information about the markets that CRYPTOFLIX wants to get.. But this information is interesting to me.

Have they stated that somewhere? Im not sure if they aim for emerging markets. It sounded more like they aim to produce Netflix like movies/series

this is very good news for Cryptoflix indeed 

I think the initial plan is already to target emergent market areas, so can be they are already aware of the potential laying in India 

With more than 25 regional languages where movies and sitcoms run, India is a huge market for any movie related ventures. I think Cryptoflix should concentrate on the region and create some buzz over it.

So what can cryptoflix do to tap into this India 10 billion market

Finding the problem and proposing something to solve it is very good, make the reverse path and propose solutions to something, and see the rebound bearing your name will be even more grandiose. Cryptoflix earns every day its space to make Blockchain available to these problems, and we will have the return of the Team effort

Cryptoflix wants to use the blockchain technology and it's a good news, their product is also quite interesting with an access to two types of content without forgetting that people will also have the possibility to invest in the offered film projects. Maybe soon Cryptoflix will see its name next to Netflix ^^ It's important to understand that this industry need competitors and innovations : cryptoflix can do both.
Just to make you realize how big this market is NETFLIX is one of the 100 Most Important Websites on the Internet.

Yes altcoin seem to restart a bit again, maybe it will be a good thing for the ico market and for cryptoflix. At least if the team raise enough money to start to developp the project I think it will be a suces, the use cases of cryptoflix are really good and the value of the project can come with the delivery.

Yeah, that's right, a great sign for the project's successful future. However, I do still hate those KYC systems.