Bitcoin Forum

https://i.imgur.com/nCpUp4a.jpg


The development team at Licensing Coin is creating a blockchain-powered one stop shop marketplace for all current licensed forms of media.

Our ten-person consortium will be comprised of top industry partners on both sides of the marketplace, including publishers and media rights-holders. We have secured involvement from name-brand publishers, Hollywood big-wigs, and technology partners to create a marketplace ready for the mainstream. Two board members, including myself (the ICO governance advisor and project lead) and our technical advisor, have been announced. Four additional advisors will be announced on 10/9, with the remaining four advisors announced on 11/15.

This is the first public skinnyICO, which means we are raising less than $1 million, are controlled by multiple organizations and companies, and focus on only a few methods of communication rather than the full suite. This BitcoinTalk thread, our Twitter account, and our e-mail list are the only official communication channels. Any other communication channel is fake.

Current licensing tools and processes are built as closed systems, resulting in limited selection. Companies specialize in specific mediums, meaning publishers need multiple sources to find what they need.

Rights-holders typically handle licensing on a case-by-case basis. This requires publisher relationships with hundreds of different groups, a time-intensive process which results in missed opportunities and lost revenue.

The full range of media, encompassing all mediums & a plethora of sources will be available on the Licensing Coin Marketplace. This means that publishers will have access to photography, video, audio, and text from both professional and user-generated sources.

All Licensing Coin Marketplace transactions will be backed by our legal framework and smart contracts.  Offering a standardized set of smart contracts will mean a faster turn-around time, less legal work, and a more direct path to the transaction.

Our transaction fee? 1%. That beats the market—by a lot. (They charge upwards of 30%).

The LCM smart contract system means each party can partner with confidence, knowing that our system prevents abuse and fraud. The LC cryptotoken also means we can offer same-day billing settlement, complete pricing transparency, and no international transaction fees.

The Licensing Coin Marketplace Consortium brings good governance to a space which sorely needs it. Our ten-member group offers representation from both sides of the marketplace, all mediums, and includes experienced operators. Further, our cryptotoken will follow guidance provided by the ICO Governance Foundation.

https://i.imgur.com/JpIiPpl.jpg

Angel Stake (September 2017) 5,000,000 @ $0.02 USD
Pre-Sale (October 15th 2017) - 10,000,000 @ $0.05 USD
Launch (January 2018) 85,000,000 @ $0.10 USD
Total Supply: 100,000,000 @ $0.091 USD

October:
Private Angel stake sale ($100k)
Announcement: legal team & five board seats
Development: alpha sprint begins
Pre-sale begins ($500k)

November:
Announcement: final three industry board seats; full list of launch partners

December:
Announcement: full list of launch exchanges
Launch beta; accessible to all pre-sale tokenholders

January:

Launch on public marketplace
Listing: LC exchange availability
Vote for shareholders on 2018 distribution plan
Announcement: quarterly marketplace performance number
Hire sales staff

February
Announcement: open add’l spots for content partners for Q3 ’18

is a 1% transaction fee enough to build a business? getty and others charge 30% because they need to support the entire cost structure. margins aren't huge, i don't think.

You're not wrong but we don't carry the same cost structure that organizations like Getty do, especially since the supply-side of our marketplace will be filled by members of the consortium.

Thanks for the interest!

Could you explain how a "normal" person like myself might use this service? I know when I've tried to find a stock photo or maybe something from a Getty-like service, it's usually cost prohibitive. With this model, is it possibly more friendly to everyday consumers?

We're certainly building this to be a B2B tool but it will be available to all. Prices will be set by the suppliers, but we're going to have a wide range of supply-side vendors including those who provide user-generated content. Generally, that means lower prices.

Our goal isn't necessarily to be the cheapest licensing solution. It's more about bringing parties together, eliminating friction, and bringing the two parties closer to the transaction.

who are the board members?

As someone who has spent some time trying to purchase licensing during my bout with trying to run my own small media company, I can tell you firsthand that this is something that is direly needed, whether it be on the blockchain or not. 

Paying an exorbitant amount to licensing companies to get photos or videos of a current event that happened halfway across the country is frustrating and time-consuming.  I truly hope this can change all that it's promised to! I will be following this closely!

What is the benefit of doing this on the blockchain?
Also, what's to stop me from just getting pictures or media off twitter or facebook?

We'll announce some next week - hang tight!

This is more about the B2B use-case, where companies may want to use photos for things like advertising or other commercial purposes. You need to secure licensing rights to do so legally.

Any bounties?

Over here: https://bitcointalk.org/index.php?topic=2234475 (https://bitcointalk.org/index.php?topic=2234475)

Thank you! So many people just blindly violate copyright laws. As a digital artist myself, I've found my photography and illustrations used online with zero attribution, let alone permission. I'm glad there's going to be a way to do this with full transparency on every step of the process. Great idea!

:) Hopefully our user-generated photo integration will help.

UPDATE: We'll announce new board members at the beginning of the coming week. Hang tight!

wow, I really like the vision you made and can not wait for the next news from this great project

okay, I'm excited for the next update

Looking for some critical analysis of this coin. I love the idea but wondering if Licensing Coin should really be more ambitious-- $500k cap seems low to really take this on.

Licensing Coin is mentioned in my Hackernoon post this AM: https://hackernoon.com/what-i-look-for-as-an-ico-advisor-26d854e93175 (https://hackernoon.com/what-i-look-for-as-an-ico-advisor-26d854e93175)

Really nice, I'm always have to get something that are protected by license and having hard time to get them, but with this i hope it will make it easier.

LICENSING COIN IS NOW AVAILABLE FOR SALE

http://licensingcoinmarketplace.com (http://licensingcoinmarketplace.com) is the ONLY authorized source for LC.

Checked out the website....when are you guys going to post some new partners?  I'm interested in buying but not until I see the team.

I hope you guys post something soon.

They sent an e-mail yesterday about disney and the ringer. it's also up on their twitter. weird they haven't updated this thread?

Should be where they're going first...If they want to sell anything, here's where to do it.  Someone's dropping the ball :(

Who has more information about this mention of Disney?
https://twitter.com/LicensingCoin/status/923303958113787905

I think e-mailing people who purchased already is the thought there but i agree. hoping to find aresponse soon

A Disney name drop is about as big as it gets. I feel like you don't just throw that name around unless you're serious...  
hmmmm....

Looks like the OP (Andrew) is online, why isn't he responding?...

Hi all - Andrew here, board member. I can confirm that we've talked to and extended invitations to ABC-Disney, The Ringer, Barstool, and theSkimm. We're excited by the prospect of having them on board at LCM and look forward to announcing the specific members of our board. They're primarily people in charge of content planning and licensing.

Your points are well-taken - in an effort to streamline our ICO process, we've stuck to e-mail and Twitter but I'll be sure to personally come to Bitcoin Talk as well.

Also of note: we've elected to accept Bitcoin Gold in exchange for LC.

Updates to come. Thanks for your interest.

Thanks for the update...looking forward to see what other partners Licensing Coin can get before I pull the trigger.

We're scheduled to announce the remaining board members in mid-November. If you're interested in being the first to know, join our e-mail list.

Also: we've received $280,300 in orders (vs. our pre-sale cap of $500k)!