NOLLYCOIN - The Universal Coin For African Movies

JigaMola

The Nollytainment project is a new and revolutionary Peer-To-Peer file sharing system for the film industry in the third world, especially in Africa.

The evolution of Nollytainment will focus on a decentralized system of books for the publication and distribution of films, and Nollycoin will become the central medium of exchange. Nollycoin allows film producers and their creative employees to license their content as an "encoded contract" directly in a decentralized database called "blockchain".

These contracts automate the collection and distribution of royalty payments and remain under the control of the filmmakers themselves and the creative artists themselves. Consumers can access the global catalog of films stored in the peer-to-peer network and pay the owners directly using the digital currency.

Simple-use tools can be designed to allow seamless use of content for both film owners and consumers, and an open protocol will allow third parties to create a rich ecosystem of Nollycoin software and value-added services.

Objectives Behind The NollyCoin Token Sale:

Build a blockchain powered peer-to-peer Content Platform
with Nollycoin as the primary medium of exchange where Creative Artists can list their content without any 3rd party intervention, reducing cost for the consumer as well as increasing the gains for the artists. Viewers will be able to make direct micro payments for movies with only a single click! Every original content maker will be paid eventually depending on how their creation goes. The Nolly platform is powered by the blockchain ensuring the different copyrights secured.
NollyCoin token sale is used to raise funds in order for us to perfectly create the next generation content sharing platform. We will also use the funds collected to acquire blockbuster films for the platform. NollyCoin will also do it's best to get film makers to have exclusive listing in the movie platform.
Token Holders may use their NollyCoin tokens as exclusive premium tickets to watch and access the movies on the Nolly Platform.

Platform Features

Peer-to-peer distribution network
Direct micro-payments to content owners
Copyright protection through a decentralized accounting system
Multilevel global distribution of films using crypto currency
Enable fair compensation for film co-authors
Eliminates problems with forex for movie sales
Financial support for indie filmmakers
Books for the publication and distribution of films, with Nollycoin as the central medium of exchange.

Innovative Solutions

Nollycoin allows film producers and their creative employees to license their content as an "encoded contract" directly in a decentralized database called "blocky". These contracts automate the collection and distribution of royalty payments and remain under the control of the filmmakers themselves and the creative artists themselves.

Consumers can access the global catalog of movies stored in the peer-to-peer network, and pay owners directly using digital currency based on their use. Lightweight tools for use can be developed to ensure unobstructed use for both film owners and consumers, and an open protocol will allow third parties to create a rich ecosystem of Nollycoin software and value-added services

How It Works

Token

Nollycoin was conceived, designed and created to provide solutions to the most difficult tasks of Nollywood (mainly for African films). Some of Nollycoin's direct and immediate goals for solving specific problems in the industry include such important functions as:

Providing copyright protection and solving problems with piracy
Provide universal means of exchange for Nollywood movies
Provide better financial support for some of the best producers in Nollywood
Ensure multilevel distribution around the world to justify financial investments
Provide access to finance and capital for quality product films
Enable fair compensation for collaborators when creating movies
New opportunities for all
Nollycoin also offers many win-win opportunities for stakeholders in the entertainment industry, except for pirates and copyright thieves. Here are some of the solutions and opportunities that Nollycoin introduces into the entertainment ecosystem.
Collaborators and creative artists win in the chain of production of films.
Film financiers and interested parties in every completed film win.
Open and transparent accounting books for all interested parties.
Large open data on Nollycoin blockchain can also lead to more intelligent films and other recommendations for creative work.

Crowdsale Details