Nollycoin (NOLLY) ICO Rating, Reviews and Details

one month

Apr 1, 2018

Apr 30, 2018

100% completed

Raised funds - no Data

1.00 USD

past

Token Details

Ticker

NOLLY

Accepted Currencies

ETH

Additional Details

Platform

Ethereum

KYC

Yes

About Nollycoin

The Blockchain That Rewards Entertainers

The Nollytainment project is a new and revolutionary Peer-To-Peer creative works sharing and registry System for the Movie industry in the 3rd world countries, particularly Africa. The Nollytainment ecosystem will center on a decentralized ledger system for the publication and distribution of Movies, with Nollycoin as the central means of exchange.

...and ensure

SMART TRANSACTIONS
Nollycoin allows movie producers and their creative works collaborators to license their content as a “coded contract” directly to a decentralized database called a “blockchain”. These contracts automate the collection and distribution of royalty payments and remain in the control of the movie producers and creative artists themselves.

CONSUMER SATISFACTION
Consumers can access a global catalog of movies stored on a peer-to-peer network and pay owners directly using digital currency, based on their usages. Ease-of-use tools can be designed to allow a seamless experience for both movie owners and consumers, and an open protocol will allow third-parties to build a rich Nollycoin ecosystem of value-added software and services.

Features

By providing a distributed and highly transparent platform that connects creative artistes in the production of movies (i.e. Movie Producers, Directors, Cameramen and Other Creative Works artistes) with Consumers of Movies directly, Nollytainment, through its Nollycoin, lays the groundwork for a new age in the Movie Industry in Africa and 3rd world countries in a way that is sustainable, borderless, and fair to all stakeholders

Some of the unique solutions that Nollycoin Project brings to the movie industry include:

Provide A Peer to Peer Content Distribution Platform that provides direct micro-payments to content owners
Provide Copyright piracy protection through a decentralized ledger system
Provide Multi-Level World Wide distribution to justify financial investment
Enable Fair Compensation for collaborators in creating the movies
Provide Universal means of exchange for Nollywood and 3rd world movies that eliminates forex payment problems and limitations.

• Provide top Financial Backing for some of the best Producers in 3rd world countries to produce quality international films for enjoyment of our ecosystem and global group of African movie lovers

Technical Info

HOW THE NOLLYCOIN POWERED NOLLYTV PLATFORM WORKS

Producers and Content Owners register and load their content on the NOLLYTV.NET blockchain ledger powered portal
The Owner or Producer executes a smart Contract that stipulates the different rights and compensation percentages of fixed payments for different key collaborators on each sale of the content before the content is available for worldwide consumption
Content (movies etc) is then publicly published on NOLLYTV for consumers to buy and consume with Nollycoin as the means of exchange.
Users make payments through the portal wallet for content of their choice using NOLYCOIN (which can be purchased by fiat money or other currencies available on the platform exchange for those who do not have Nollycoin)
The Decentralized Ledger automatically records and authenticates the transactions from each sale to all beneficiaries based on the smart contract
All Transactions are then added into encrypted blocks and officially added to the blockchain in a permanent form and reviewable by all parties with no one being able to edit, delete or amend the permanent record.
The micro payments are automatically credited to the portal wallet of different beneficiaries based on the published smart contract for that content
Beneficiaries can now withdraw their money from their Wallets at any time in Nollycoin which they can keep for the value, or convert to fiat money or other cryptos on the Nollytainment exchange or other public exchanges where Nollycoin is traded.