CRYPTOFLIX will be different than the existing platforms in that it will be possible to use the platform without a credit card (by using FLIX Tokens). There are several reasons why we are blockchain based. The White Paper explains this so please have a read, however in brief: the unbanked have little access to the global VOD providers hence the need to be able to pay in Crypto.

Not formal agreements yet, but we believe our offering is extremely attractive to film makers. Our aim is to help top quality film producers, sales agents, distributors and other film industry players to achieve funding for their projects, while at the same time offer the FLIX token holders the opportunity to act as financiers to enable them to achieve a return on the transaction. CRYPTOFLIX will be different than the existing platforms in that it will be possible to use the platform without a credit card (by using FLIX Tokens) and we will have more flexibility for the content owners in that the minimum quality requirements for entry onto the platform will be lower than the minimum standards for iTunes etc. and also our pricing structure will be more flexible. Also we can use smart contracts to share the revenue instantly with the content owners - in the current platforms this can take months or even years.

Also, we are film makers ourselves, so we do have plans to produce content for the platform, but first we want to get the streaming platform and the Film Market Place up and running.

Our aim is to help top quality film producers, sales agents, distributors and other film industry players to achieve funding for their projects, while at the same time offer the FLIX token holders the opportunity to act as financiers to enable them to achieve a return on the transaction.

In the White Paper we have used the example below:

A renowned producer is seeking gap financing for an English language horror movie. The movie will star a cast of renowned, but not “A-List”, actors.

Token holders can invest in the offered film projects with the returns and conditions offered in a term sheet. This will provide FLIX token holders with a unique opportunity to finance film projects, while fully aware of the risks and returns involved. The CRYPTOFLIX risk score will take into consideration the cast, the genre, the director, producer and key crew attached as well as other factors such as projected market penetration and income, which will serve as a guide for the token holder into the profitable world of film financing.

Other examples of potential projects needing financing could be:

A high quality independent film project, which unexpectedly attracts an A-List Actor to star. This happens and the producers will need to quickly find the extra financing to be able to cover the increased cost, which they are naturally willing to bear because the involvement of a star actor could hugely affect the financial outcome of a film.

Or

A distributor wants to pre-buy the rights to distribute a quality film and is looking for financing to be able to enter into an agreement with the sales agent before a film festival. A distributor is first in line to receive his/her share of the profits and the risk is different than that of the producer.

Now finally regarding the investment process we will use Smart Contracts and internal 1:1 fiat pegged stable FilmCoins to avoid exposure to the potential fluctuations in the crypto currency prices.
As a FLIX Token holder, you will have access to the CRYPTOFLIX Film Marketplace, where you will be able to see the projects you can invest in and their term sheets. When you invest in a project, CRYPTOFLIX will deposit your FLIX Tokens into a FilmCoin smart contract and you will receive 1:1 fiat pegged internal FilmCoins which represent your investment.
If and when the film project is a success and recoups profits, the initial FLIX Tokens used as collateral is returned to your digital wallet, while the yield is given as internal FilmCoins.
I personally think that this is a film financing platform which has a big potential. Please read the white paper on www.cryptoflix.io

Make sure you are signed up to the Communications list and the Early Pre-Sale Alert at https://cryptoflix.io

Also, more info will be shared on the Telegram group: https://t.me/CRYPTOFLIXOFFICIAL

The caps are minimum 3k ETH and maximum 25k ETH. The tokens will be compliant to the latest ERC223 standard, so it will be smart contract-based. The token sale date is provisionally April 15th.

There is a difference between the Netflix Model and the CRYPTOFLIX Model.

Netflix is mainly comparable to a Pay TV channel, except they do not have a fixed schedule. They pay license fees for the period where the content is on their platform up front and users can watch the movies as many times as they want, when they want.

In the film industry windows, Netflix is among the last stops in the income waterfall before free TV, but after VOD and DVD/BluRay. So Netflix will not have brand new movies, other than their own, because the content owners want income from the other windows first.

Also Netflix are producing their own content, which I believe they have re-allocated as many funds to as for licensing in 2018 so likely expect more of their own content going forward and less third party content.

The CRYPTOFLIX Model is more comparable to that of iTunes, which is a revenue sharing model where the content owners put their content on the platform against a share of the revenue and at no cost other than storage and administration to the platform.

CRYPTOFLIX will be different than the existing platforms in that it will be possible to use the platform without an Apple device and without a credit card (by using FLIX Tokens) and we will have more flexibility for the content owners in that the minimum quality requirements for entry onto the platform will be lower than the minimum standards for iTunes etc. and also our pricing structure will be more flexible. Also we can use smart contracts to share the revenue instantly with the content owners - in the current platforms this can take months or even years.

This FilmCoins will be possible to use only inside the Cryptoflix platform? How much I understood, for payment of views of films?
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Yes, the tokens are only for use within the CRYPTOFLIX platform and the CRYPTOFLIX ecosystem.

Users will receive a discount when using FLIX Tokens to pay for content on the CRYPTOFLIX platform.

Token holders will also have an opportunity to finance film projects.

The project is aiming to get the latest movies and TV shows on the platform as soon as possible after their release - the content owners will be interested in accessing consumers through a secure streaming platform - also to combat piracy.

Cryptoflix are also film makers so there are plans to produce content for the platform, but the streaming platform and the Film Marketplace are the first priority.

Then, after investing tokens in production, can you subsequently get profit also in tokens or in another currency? Also did not quite understand how this will be implemented? Do you have an agreement with the studio, and they will agree to accept tokens for the production of the film? Or will all user interaction be carried out through your platform and tokens will only be accessed between users and Cryptoflix?
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If and when the film project is a success and recoups profits, the initial FLIX Tokens used as collateral is returned to your digital wallet, while the yield is given as internal FilmCoins.