WHY DO WE NEED TOKENS TO MAKE REANIMATOR? WHERE DOES BLOCKCHAIN COME INTO THIS?
The main objective of the REANIMATOR ICO is not to attract funds for the film budget (though this is important, too). The main goal of the REANIMATOR ICO is to create - for the first time in history - a transparent scheme of film budget and revenue analysis, based on a computer program called CRYPTOMOVIE. How will this scheme work? Once REANIMATOR finishes its run in movie theaters, 40% of the profit will be spent on the development of a new patented blockchain technology - the CRYPTOMOVIE program. It will provide additional security to creators of future cinema projects (be it filmmaking companies, studios, or production centers), protecting them from fraud and falsification of box office revenues on the international market.
Here is an example. James Cameron's Avatar officially grossed 700 million dollars in cinemas worldwide, but real numbers can be as high as 1.5 billion dollars. The issue is that movie theaters habitually conceal up to 20-50% of their ticket sales. Unfortunately, such a manipulation of data is almost impossible to uncover and prove. The only way to avoid such frauds is to place and publish all online and offline ticket purchases on the CRYPTOMOVIE platform.
Within the CRYPTOMOVIE platform, the system's own token RNM - will serve as the only means of payment. Moviegoers will be able to purchase RNM tokens on the platform using the in-built instant digital currency exchange API offering the best available rates. RNM tokens will also be available at digital exchanges, and users will be able to transfer them directly into their individual CRYPTOMOVIE wallets in their user accounts on the platform. For those users who are not yet familiar with cryptocurrencies, there will be an easy option to buy RNM with fiat money through an outside service offering free market rates.
Tickets for any film will be available for purchase online for RNM tokens:
a) at the CRYPTOMOVIE website with payment in RNM
b) via the CRYPTOMOVIE mobile app with payment in RNM, by credit card, or using an electronic wallet.
For each movie ticket purchase paid for with RNM, the buyer will be rewarded with RNM tokens, which can be exchanged for fiat money at digital exchanges or used to buy more movie tickets.
Whenever a user chooses to buy cinema tickets for fiat cash directly at a cinema, the online CRYPTOMOVIE system (integrated with the API of the cinema's ticket counter) will automatically record the transaction data (including the price, date, movie title, and cinema name) on the film's unique blockchain address. This way, all the date on the number and price of sold tickets will be permanently stored on the CRYPTOMOVIE blockchain without any risk of falsification.
Whenever a user purchases a movie ticket online paying with RNM, CRYPTOMOVIE will automatically transmit the transaction information using an encrypted channel to the online data center of the movie theater in question, where the user can choose to obtain a classic paper ticket by presenting the QR code or simply show the QR code upon entering.
In case of large queues at the ticket counter or when paying for tickets with RNM is not possible, customers will be able to used dedicated ticket terminals installed in cinemas, paying with RNM or fiat money. Such terminals will be installed by the movie theater management or by independent entrepreneurs in exchange for a 0.1% fee on each ticket sale.
Here is a brief summary: information on the number of sold tickets for each film becomes impossible to falsify, since it is stored on the CRYPTOMOVIE blockchain platform. Thus, the owners of distribution rights for the film are protected from fraud and can be sure to receive a revenue that exactly corresponds to the actual number of sold tickets (in accordance with the revenue sharing agreements signed with each cinema chain).
The release of REANIMATOR is planned for December 2018 in Russia, the CIS, Europe, and China. The MVP ticket sale system using the CRYPTOMOVIE technology will be tested during pilot showings of REANIMATOR in 12 EU cinemas in May 2019.
