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Cinemadrom – ICO Detailed Information


ICO Cinemadrom
Cinemadrom Since they originally appeared almost 11 years ago, cryptocurrencies have been promising a change that would make the world a better place for everyone. They offer a number of benefits over traditional finances, including lower transaction fees, decentralization, as well as the ability to reach everyone, whether or not they have access to the bank.
Start February 3, 2020
End February 28, 2021
Rating 4.6
Status
KYC Yes
Founded 2019
Categories Media
Platform Ethereum
Token LUT
Soft cap $1 000 000
Hard cap $150 000 000
Minimum investment 100 USD
Tokens for sale 300000000
Accepting ETH, BTC, TRX, BNB, USDT, FIAT
Whitepaper Yes
Discussion
Countries Cayman Islands
Social

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Cinemadrom Overview

ICO description, Technical Details and Documents

Cinemadrom: Ecosystem for Independent Filmmakers


All people enjoy well-scripted and ably shot movies or TV shows, but few of them are aware of the hardships and the obstacles that the filmmakers often face when going through different stages of film production. 

To facilitate these creative people in their tough business, an international group of producers, film directors, marketers, and screenwriters initiated a project called the International Blockchain Network of Independent Filmmakers (IBNIF) Cinemadrome (hereinafter, Cinemadrome).

Technical characteristics and concept description


The primary goal of this startup is to transfer the processes of film production and distribution to blockchain, and to tokenize these activities by the virtue of Lumiere coin (LUT). The Cinemadrome platform was built on the basis of the Ethereum blockchain in order to be able to utilize the advantages of smart contracts and ERC-20 tech standard for their token.

The Cinemadrome platform must become a meeting point for all participants in the filmmaking industry who want to relieve themselves of bureaucratic turmoil and legal complexities when raising funds for cinematographic works, conducting the processes of production and post-production and promoting their products to film distributors and viewers.

Moreover, the utilization of smart contracts will drastically reduce the chances of copyright infringement, help to settle legal disputes, and allow for complete transparency of the filmmaking and financial process, for instance, the sale/purchase of ownership rights to any of the intellectual products created by the members of the Cinemadrome network.

Giving small-time filmmakers a chance


Looking at the bigger picture, Cinemadrome has set itself a goal of defeating the oligopoly that has long been established in the filmmaking industry. It is not a secret that a handful of global studios, such as Warner Brothers, 20th Century Fox, Universal Pictures, etc., are running the show, giving preference to some actors and directors while completely disregarding the others. In addition, these studios are handling most financial operations, thus creating a substantial value gap between what the filmmakers could have earned and what they actually get.

Cinemadrome aims at severing this Gordian knot in one blow by affording ground for authors, producers, investors, directors, and other participants to establish business relationships via smart contracts, thus bring the sizeable sector of the real economy to blockchain.

Besides, Cinemadrome will provide an opportunity for individual investors to devote money to the movie projects of their choosing and reap benefits after this film becomes a box office hit.

The entire token economy of Cinemadrome is based on the active use of Lumiere coins, which also grant their holder the ownership rights in movie projects. All funds must go through the IBNIF digital wallet which is integrated into the platform. From that wallet, the users can either convert Lumiere to fiat or other cryptocurrencies or re-invest in further projects.

The team


Igor Egoroff. Project’s founder and CEO, a film director by vocation who is aspired to create a fully independent filmmaking ecosystem.

Pavel Gubanov. The co-founder and project’s chief marketing strategist and creative manager. A crypto enthusiast who has also tried his hand in screenwriting.

ICO details


At this particular period of time, Cinemadrome organizes a private sale of Lumiere which provides for a 50% bonus. It is due to last till December 31. After that, the project will conduct a proper ICO which is planned to take place in the spring of 2020. Through this period, Cinemadrome will try to reach the hardcap of $100 million. At the moment, the price of 1 Lumen is $1 with the minimum investment threshold being set at $100. The restricted areas include the United States and China.

Author: Alex Paulson for Crypto-Rating.com

Cinemadrom Milestones

* Crypto Rating accepts no liability for any errors in the Cinemadrom ICO information and Rating. For the most up-to-date information please visit the ICO's official website.

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