CryptoFlix FLIX ICO Review

The economic spurt that has been witnessed globally in recent times has resulted in a dramatic increase in the demand for quality movies and entertainment (even in lesser developed countries).

However, since many individuals in smaller nations still lack access to quality hardware and high internet speeds, streaming movies via existing platforms can be difficult. As a direct consequence of this, piracy is often the chosen course of action in such cases.

About CryptoFlix FLIX

Cryptoflix is an all new blockchain based “film streaming platform” that has been designed to provide users with legal access to movies without restrictions pertaining to one's geographical location. As per the official whitepaper, this platform will feature a wide array of movies including new releases, and will be usable on smartphones, tablets etc.

However what really sets this platform apart from the rest is that it can be used even at slow speeds, thereby making it accessible to a whole new audience.

Additionally, it should also be understood that CryptoFlix will be a ‘closed network film streaming platform’ that will make use of native currencies to pay for latest movies. There will also be educational documentaries as well as a lot of free content that will be available to everyone regardless of their subscription plan.

Other Features to Consider

(i) Funding Platform:

An underrated aspect of Cryptoflix is that it can be used by producers, agents to raise money for their individual projects.

(ii) Collaboration:

It is also important to remember that this service will allow native currency holders to serve as financiers themselves, and interact with other network participants to collaborate on future film, TV projects.

(iii) Loans:

As per the official website, Cryptoflix will provide large capital loans to filmmakers on the basis of their cast, genre, crew attached etc.

(iv) Financial Features:

Apart from providing customers with the aforementioned opportunities, this platform will also make use of services such as:

(iv) Advanced Features:

In a future iteration of the Cryptoflix platform customers will have the ability to make use of features such as:

  • Individual streaming watermarks
  • Data quality measurement and delivery tools.

Who is Behind This Project?

Christian Falkenberg Husum is the CEO of this entire project. He has been in the entertainment business for over 10 years and has even co-financed the Oscar winning film Ida in 2015. Similarly, Stefan Steen Larsen is the company’s COO and Digital Rights Expert. He too has worked as a film producer for over a decade and has also experience in other domains such as

  • Portfolio management
  • Digital rights exploitation.

Lastly, Bastian Larsen is the core dev behind CryptoFlix. He holds a master’s degree from the University of Copenhagen and has worked with digital systems for over a decade now.

CryptoFlix FLIX ICO Token Details

In all, there will be a total of 100 million FLIX tokens that will be created. Out of this, only 57 million coins will be made available to potential investors, while the rest will be saved for company members as well as for the creation of a reserve hold.

The sale of tokens will be done via the use of an ICO. As per the whitepaper, the ICO is scheduled to commence on the 15th of April, 2018.

After all of the tokens are sold, there will be no more currency that will be added to the entire pool.

Use of Raised Revenue

  • 62% of the total money will be used for further platform development and advertising purposes.
  • 19% will be used to pay for employee fees and salaries.
  • The remaining 19% will be used for the creation of a reserve as well as to cover for legal costs.

For any other details pertaining to this platform, users can get in touch with company members via the “contact us” page.

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