Would you invest in a crypto asset that focuses on the entertaiment industry?
Presenting ScreenCoin
ScreenCoin is a digital assest who's basic purpose is to bring about a faster, more efficient and a direct exchange of funds between entertaiment providing companies (NETFLIX Inc. THE WALT DISNEY Co. LTD, e.t.c.) and their consumers by charging a lower transaction fee relative to that charged by financial institutions.
ScreenCoin also aims to put "screencoin" back in the hands of consumers through a rewards program where participants earn a fixed amount of "ScreenCoin" based on tasks completed (watching a particular movie and giving your honest review, which is one of the many methods that helps to determine the overall price of the digital assest). ScreenCoin can also be seen as an investment opportunity for companies in the entertainment industry, (WALT DISNEY Co. LTD will officially release a new movie, cartoon or what not called (PROJECT X), and prior to the release, WALT DISNEY Co. LTD announced that they accept the payment of ScreenCoin as a means of purchase for PROJECT X, believing that PROJECT X will perform well, WALT DISNEY STUDIOS buys a considerable amount of this digital assest. After its release, the initial screening and worldwide distribution, PROJECT X receives good feedback, reviews and returns, and thus causes a positive price change to ScreenCoin causing it to rise by 10%. WALT DISNEY Co. LTD would've made $Z in ScreenCoin but because PROJECT X performed well enough their final profit would be ($Z+10%) made only from accepting ScreenCoin as payment, their previous investment of a considerable sum would also be expected to see growth)
ADVANTAGES OF SCREENCOIN
Cheaper than conventional online payment.
Largely simplifies online payment by providing a direct p2p network between Service providers and their consumers, removing financial institutions
acting as the middle men.
Price change is dependent on the overall performance of the entertainment sector as a whole, price change is largely based on global
reviews, opinions and surveys.
It massively increases profit and generates revenue for both the Provider and Consumer respectively and effectively handicaps the amount being lost to
"PIRACY, BAD INVESTMENTS and LOW RETURNS on the side of the Providers".
DISADVANTAGES OF SCREENCOIN
Poor performance of the entertainment sector would result in a negative price change
Topic: Crypto in the Entertainment Sector (Read 69 times)
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