The Vision
The development team at Licensing Coin is creating a blockchain-powered one stop shop marketplace for all current licensed forms of media.
Our
ten-person consortium will be comprised of top industry partners on both sides of the marketplace, including publishers and media rights-holders. We have secured involvement from name-brand publishers, Hollywood big-wigs, and technology partners to create a marketplace ready for the mainstream. Two board members, including myself (the ICO governance advisor and project lead) and our technical advisor, have been announced. Four additional advisors will be announced on 10/9, with the remaining four advisors announced on 11/15.
This is the first public
skinnyICO, which means we are raising less than $1 million, are controlled by multiple organizations and companies, and focus on only a few methods of communication rather than the full suite.
This BitcoinTalk thread, our Twitter account, and our e-mail list are the only official communication channels. Any other communication channel is fake.
The Problem
Current licensing tools and processes are built as
closed systems, resulting in limited selection. Companies specialize in specific mediums, meaning publishers need multiple sources to find what they need.
Rights-holders typically handle licensing on a case-by-case basis. This requires publisher relationships with hundreds of different groups, a
time-intensive process which results in
missed opportunities and
lost revenue.
Our Solution
The full range of media, encompassing all mediums & a plethora of sources will be available on the Licensing Coin Marketplace. This means that publishers will have access to photography, video, audio, and text from both professional and user-generated sources.
All Licensing Coin Marketplace transactions will be backed by our legal framework and smart contracts. Offering a standardized set of smart contracts will mean a faster turn-around time, less legal work, and a more direct path to the transaction.
Our transaction fee? 1%. That beats the market—by a lot. (They charge upwards of 30%).
The LCM smart contract system means each party can partner with confidence, knowing that our system prevents abuse and fraud. The LC cryptotoken also means we can offer same-day billing settlement, complete pricing transparency, and no international transaction fees.
The Licensing Coin Marketplace Consortium brings good governance to a space which sorely needs it. Our ten-member group offers representation from both sides of the marketplace, all mediums, and includes experienced operators. Further, our cryptotoken will follow guidance provided by the ICO Governance Foundation.
The Platform
One single platform to search, discover, and purchase licensed media.
Details & Dates
Angel Stake (September 2017) 5,000,000 @ $0.02 USD
Pre-Sale (October 15th 2017) - 10,000,000 @ $0.05 USD
Launch (January 2018) 85,000,000 @ $0.10 USD
Total Supply: 100,000,000 @ $0.091 USD
October:
Private Angel stake sale ($100k)
Announcement: legal team & five board seats
Development: alpha sprint begins
Pre-sale begins ($500k)
November:
Announcement: final three industry board seats; full list of launch partners
December:
Announcement: full list of launch exchanges
Launch beta; accessible to all pre-sale tokenholders
January:
Launch on public marketplace
Listing: LC exchange availability
Vote for shareholders on 2018 distribution plan
Announcement: quarterly marketplace performance number
Hire sales staff
February
Announcement: open add’l spots for content partners for Q3 ’18