To invest in the production of a movie project and become a co-producer of the film, an investor in the Personal Cabinet cinemadrom.com, you must purchase through the Smart Contract movie project, the crypto currencyLUMIERE. You can buy LUMIERE for the crypto currency ETH, BTC or for
fiat money at the market rate.
• The LUMIERE currency purchased in the private office through the Smart Contract film of the crypto project becomes the equivalent of the investor’s property rights to the chosen future film and is frozen when investing in a movie project.
• Received crypto assets through the Smart Contract of the project are credited to the main crypto currency account of this movie project. Property rights in LUMIERE equivalent are assigned to the investor via the Smart Contract in the IBNIF CINEMADROM blockchain.
• Each film project approved by IBNIF, regardless of the number of collected tokens or fiat money, goes into production. If the project does not collect the stated Soft Cap, the partner version of the project production is automatically activated and IBNIF CINEMADROM allocates additional funds acting as a partner of the movie project.
• Cinema project receives funding on a production schedule based on Costs Limits and CPP. From the main account of the movie project, the crypto currency LUMIERE is transferred in tranches to the production account of this project. Cinema group, realizing all stages of film production, provides
investors with reports on each stage of production. Investors see how their investments are implemented. The cinema group proceeds to the nextproduction stage and receives the next tranche.
• Cinema project goes through all stages of production. Upon readiness of theproject, the Author, the producer, send the film to the distribution of IBNIF CINEMADROM. The film goes to partner cinemas and IBNIF streaming. Fees from the distribution of the film come to the main account of the movie project through the Smart Contract.
How it WORKS – IBNIF CINEMADROM?
IBNIF CINEMADROM – This is the International Blockchain Network of Independent Cinematographers, which is built on the new technological, and financial principles of interaction between all film production participants, authors, producers, specialists, investors and viewers. At its core, IBNIF CINEMADROM uses blockchain technology. BLOCKCHAIN – it is a technology for recording information distributed on tens of thousands of users’ computers participating in this network. Once the recorded information can no longer be deleted or edited, it remains for ages. The best way to use BLOCKCHAN technology is a variety of financial relationships among all PROCESS PARTICIPANTS.
Currently, the technology of blocking is actively developing and in the future will be able to supplant classical economic models. Fast transfers, low commissions allow you to bypass the chain of banking intermediaries, thereby saving time and money. The application of Smart Contracts increases the purity of transactions and eliminates fraud factors. BLOCKCHAIN legally ensures that no one steals your script or movie. Copyrights to the film and financial investments – everything will be recorded in the blockchain system (distributed database around the world).
SMART CONTRACT – This is an electronic transaction that is automatically executed after all the conditions between the parties to this transaction have been fulfilled.
First of all, IBNIF CINEMADROM will create financial conditions for the launch of film production based on Smart Contracts. For authors, producers, investors, partners and film groups – LUMIERE smart contracts and a crypto coin will guarantee funding, copyright preservation, film production and distribution, as well as the sale of property rights to the film. IBNIF CINEMADROM – will break the monopoly of the largest studios and simplify the entry of new players to the market, drastically reducing the amount of money needed to start film production.