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bookmark7 /10
team - mid-level team
mvp - no
idea - usual
competitors - some
market - #Cryptocurrency
Starts
Apr 1st 2018
25 days ago
Ends
Apr 30th 2018
in 5 days

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Nollycoin  powers a Peer-To-Peer content sharing System for the Movie industry . Nollycoin allows movie producers and their collaborators to license their content as a “coded contract” directly to a decentralized database called a “blockchain”.

These contracts automate the collection and distribution of royalty payments and remain in the control of the movie producers and creative artists themselves.

HOW THE NOLLYCOIN POWERED NOLLYTV PLATFORM WORKS

• Producers and Content Owners register and load their content on the NOLLYTV.NET blockchain ledger powered portal

• The Owner or Producer executes a smart Contract that stipulates the different rights and compensation percentages of fixed payments for different key collaborators on each sale of the content before the content is available for worldwide consumption

• Content (movies etc) is then publicly published on NOLLYTV for consumers to buy and consume with Nollycoin as the means of exchange.

• Users make payments through the portal wallet for content of their choice using NOLYCOIN (which can be purchased by fiat money or other currencies available on the platform exchange for those who do not have Nollycoin)

• The Decentralized Ledger automatically records and authenticates the transactions from each sale to all beneficiaries based on the smart contract

• All Transactions are then added into encrypted blocks and officially added to the blockchain in a permanent form and reviewable by all parties with no one being able to edit, delete or amend the permanent record.

• The micro payments are automatically credited to the portal wallet  of different beneficiaries based on the published smart contract for that content

• Beneficiaries can now withdraw their money from their Wallets at any time in Nollycoin which they can keep for the value, or convert to fiat money or other cryptos on the Nollytainment exchange or other public exchanges where Nollycoin is traded.

Team

Dr Ope Banwo
Founder

Advisors

Daven Michaels
BUSINESS AND STRATEGY TEAM
Olufemi Awoyemi,Kayode Ayeni,Daniel Ademinokan,CHAD NICELY
BUSINESS AND STRATEGY TEAM,BUSINESS AND STRATEGY TEAM,MOVIE DIRECTORS ADVISORY TEAM,BUSINESS AND STRATEGY TEAM
MOHAMMED IBRAHIM JEGA
TECHNICAL DEVELOPMENT TEAM
VAUGHN ITEM
TECHNICAL DEVELOPMENT TEAM
LEON ANDREW
TECHNICAL DEVELOPMENT TEAM
IFIOK NK
TECHNICAL DEVELOPMENT TEAM
DARLINGTONSOBIO I
TECHNICAL DEVELOPMENT TEAM
EMEM ISONG
MOVIE DIRECTORS ADVISORY TEAM
ZACK ORJI
MOVIE DIRECTORS ADVISORY TEAM
TADE OGIDAN ,SIMI OPEOLUWA ,FRED AMATA
MOVIE DIRECTORS ADVISORY TEAM,MOVIE DIRECTORS ADVISORY TEAM,MOVIE DIRECTORS ADVISORY TEAM
ZEB EJIRO
MOVIE DIRECTORS ADVISORY TEAM

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