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).
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.
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.
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.
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.
|Start||February 3, 2020|
|End||April 30, 2020|
|191 days left|
|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|
I have just checked the Cinemadrom website and that the token sale is going at a great pace. They are currently in Stage 3 of the private sale and have already surpassed 43% of their funding goal. Apparently, people around the world have grown tired of the products of the Hollywood factory, which are becoming increasingly predictable and stereotypical, only with the improving visual effects. Cinemadrom offers a chance to experience new films with fresh ideas and deeper-running scripts. Hope that Cinemadrom will live up to its potential.
I admire the ICO projects that don't shy away from displaying the bar that depicts the progress of the token sale. Unfortunately for Cinemadrom, this progress hasn't been quite good since they have managed to raise only 15% of the softcap so far. Sure, one might argue that it is still the pre-sale phase, but this tendency does not instill confidence. That is only to show that people still care more about the unsophisticated mainstream movie industry instead of independent filmmakers.
The idea at the core of Cinemadrom is so simple yet so brilliant. It must be applied to any area of business that has been usurped by large corporations. I am not an anti-globalist by any means, but it is obvious that the contemporary movie industry is in a state of permanent degradation. It seems that all they care about is a larger box office revenues. Of course, Cinemadrom won’t be able to compete with the likes of Warner Brothers, but I am sure that this project will produce quality movies that will find the appropriate audience.
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