MovieCoin Announces Public Presale for Security and Utility Tokens
VANCOUVER, British Columbia, Sept. 17, 2018 /PRNewswire/ -- MovieCoin, a next-generation financial technology company that is leveraging blockchain technology and digital assets to revolutionize the film and entertainment industry, has announced the start of its public presale effective today, September 17.
With a hard cap of 10,000 BTC, the public presale follows the conclusion of MovieCoin's private presale, which successfully reached the company's soft cap of 2,000 BTC.
MovieCoin will accept Ethereum, Bitcoin and BKX tokens during the public presale, with the minimum commitment set at 5 BTC or equivalent. The company will simultaneously issue two types of token during the presale: the Moviecoin Utility Token (MOV) and the MovieCoin Smart Fund (MSF) Security Token. Two billion Moviecoin Utility Tokens will be sold at 0.11 USD per token, while 250 million MovieCoin Security Tokens will be sold at 1 USD per token. Initial buyers of Moviecoin Utility Tokens will also receive up to 25 percent in bonuses. The public presale will end on October 30 at 00:00 PST.
BKX tokens are issued by BANKEX, a top-20 global financial technology company that is developing MovieCoin's Proof-of-Asset Protocol. As a variation of the ERC-20 utility tokens attached to Ethereum's blockchain, BKX tokens are accepted for the public presale with an added five percent bonus rate.
Participants in MovieCoin public presale must complete Know Your Customer (KYC), a standard verification process that prevents capital, or token equivalents, from being used for illicit activity such as money laundering. To participate, please register at www.movie.io.
Following the conclusion of MovieCoin's public presale, the company's public token sale will start on November 1, with no minimum contribution required. The public token sale will end on November 25.
About MovieCoin
MovieCoin is a next-generation financial technology company focused on leveraging blockchain technology, digital assets and proprietary applications to become the leading entertainment settlement and transaction platform for businesses and consumers and the standard currency for funding motion pictures, television and other media.
The Company has operations spanning content finance and production, business and consumer services and technology development and licensing. MovieCoin's content finance and production businesses offer programmatic ownership of filmed entertainment assets to financial investors seeking institutionalized exposure to premium content, while its digital assets platform provides businesses with innovative solutions to streamline operations and entertainment enthusiasts with unique and more engaging ways to participate in the movie experience.
The Company was founded in 2017 by Christopher Woodrow in partnership with BANKEX and has offices in Vancouver, British Columbia and Santa Monica, California.
About BANKEX
BANKEX is a global top-50 fintech company developing the Proof-of-Asset Protocol to bring Banking-as-a-Service (BaaS) product modules and blockchain together to enable digitization, tokenization and exchange of assets for the full development of a tokenized global ecosystem. Leading BANKEX technologies include the Proof-of-Asset Protocol for tokenization, Plasma Protocol, BANKEX Scan, Smart Justice, Trust Service, Pay, Bounty Service and the Solid Floating Point Library.
For more information, please visit bankex.com or follow BANKEX on Facebook and Telegram.
Media Contacts:
Aidan O'Connor
Prosek Partners on behalf of MovieCoin
+1 (646) 402-6642
aoconnor@prosek.com
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SOURCE MovieCoin
