AMA Recap with MovieBiz Coin and Coinswap Space
Another AMA was held by the Coinswap Space team on January 26, 2022, on the CSS Telegram channel.
This time around, the AMA was participated in by one of the prominent blockchain-based platforms that facilitates investment in highly business-related film projects in the DeFi space — the Moviebiz Coin Project. As pioneering a project that decentralizes the film industry, Moviebiz Coin is created to enable producers, directors, and other film industry players to expand, raise funds, and build their projects, allowing them to showcase their abilities while also allowing investors to enter the film industry.
CSS invited Mr. Sachin Saluja, chairperson, and founder of Moviebiz Coin, to talk at this AMA. Mr. Saluha shared his almost two decades of experience in the field of technology, blockchain, and filmmaking. He stressed out that his desire of becoming a film director led him to produce four consecutive films in India, which prompted him to focus on assisting others in achieving their dreams in the film industry. According to him, he is pleased that Moviebizcoin, along with the rest of my management team, is set to create new territory. Finally, Mr. Saluja shared his perspective and addressed all essential CSS community queries regarding the Moviebiz Coin including the company plan for tokens to remain valuable in the long run, the incentive strategies for $MBZ holders, the benefits, and the main use of $MBZ token, top priority plan for 2022, and the company’s competitive edge against other blockchain platforms.
The CSS team fielded numerous inquiries from the community. However, the questions were condensed only to five. The following are the five questions raised during the AMA event:
Question №1: What are your plans for your $MBZ token to remain valuable in the long run? Do you have incentive strategies for $MBZ holders?
MBZ Token is just not let by one project or one motive. It is the start of an ecosystem run by MBZ tokens.
How you must be wondering? To start with MBZ tokens, the main purpose is for people to start investing in Movies and the Film Industry. Its further motive is to create a channel through which independent filmmakers can get Crowd Funded through the MBZ token holders. In turn, these Film Makers can use to make a film and the ROI on the MBZ token will benefit the Investors.
MBZ Ecosystem will also be providing a platform for these films. This is the whole ecosystem that will revolutionize the way our Film Industry is currently working.
We are coming up with great incentive schemes for holders. Staking plans, play to earn games, NFT drops, and various other utilities will be available only for holders.
Question №2: Revenue is an important aspect for all projects to survive and maintain the project. How have you been able to build a complete project and what is the way to generate profit? What is the income model of this project?
Revenue generation sure is very important. This is why our ecosystem is self-reliant. We are capable of generating revenues as well as initiating Investments.
To start with the revenue, we aim to establish an ecosystem where people can Invest in the Movies Production on which they think have the Potential and in return will gain from it. This way the huge problem of Funding in the Film Industry will be catered to as well as provide opportunities to newcomers.
Revenue generation will be through the Movies powered by MBZ Tokens. Thus, the general income model of the project.
We are ready to launch our LaunchPad for Independent Movie Makers (Movie Biz.funds) in which impactful movie projects will be whitelisted and be presented for investments to Moviebiz coin holders. Built on blockchain technology, the platform will provide producers, directors, and people/players from the movie world with greater access to a global movie-making investment opportunity. Independent moviemakers can also raise money using our Launchpad.
MovieBiz Coin holders will be able to stake their coins to be invested in different movie Projects and will earn handsome APY’s based on projects.
Then comes our Show.movies, an OTT platform. It is a decentralized movie and content distribution platform. It aims to create a transparent revenue share, audience data, and equal screening opportunity for content creators. It will showcase exclusive content created and acquired by MovieBiz Coin.
Question №3: Right now, $MBZ is available in Etherium Chain, so I would like to know is there any future planning to Cross-chain the network to Polygon or other Blockchains? What are the main benefits of holding the $MBZ token? What are the main use cases?
Built on Ethereum platform as an ERC20 token, mapped to Polygon / Binance smart Chain with proposed bridging to Solana / Avalanche and other layers 2 Solutions. MovieBiz Coin is issued to raise capital that will be invested in the platform to help fund entertainment industry projects.
Each token will benefit from the growth in the assets back, considering it the cryptocurrency update on crowdfunding. One of the major benefits of this crypto approach is the aspect of transparency.
Our platform will provide financiers a transparent ledger of all of the expenditures, receipts, entitlements, and ownership of each project the company assists in raising funds for. These tokens afford investors enhanced liquidity when compared to existing industry funding methods. Instead of waiting for a chance to cash out ownership in a Movie Fund or Company, buyers will have tradeable tokens that will be listed on the major cryptocurrency exchanges.
Our token is the main catalyst among all our utilities. Holders can stake and back movie projects using our token. They can govern what talent to be chosen for our projects. They can subscribe to our OTT platform. Buy and sell NFT.
Question №4: What are your top priorities in 2022? Could you share some plans for the upcoming year? Which part of the project are you most focused on right now?
We have formulated a full-proof strategy for 2022. Our strategy can be divided into three major parts.
We plan on starting the year with Integration of Moviebiz Coin with Swag App ( short video streaming spp), the launch of talent hunt contest at swag, integration of Moviebiz Coin with Cryptok ( live streaming platform for influencers), the launch of OTT platform (movie.show), expansion of the team. exploring more exchanges, meetups, events, and activities
In the third phase, we are going to implement the launch of staking of Moviebiz coin, the launch of NFT marketplace, the launch of tokenization of movies projects, opening of a marketplace for talents in the entertainment industry across the globe, and opening of a movie studio.
Finally, we will focus on our partnerships, gaming, cashback programs, and reward rollout. Numerous activities and projects are being planned. Kindly visit us at moviebizcoin.com and thoroughly examine the roadmap.
Question №5: Can you list 1–3 killer features of this project that make it ahead of its competitors? What is the competitive advantage your project has that you feel most confident about?
Our strategies and previously mentioned self-reliant ecosystem are what make us unique. Our competitive advantage would be our ecosystem. Let me explain. To start with MBZ tokens, the main purpose is for people to start investing in movies and the Film Industry. Its further motive is to create a channel through which independent filmmakers can get crowd-funded through the MBZ token holders. In turn, these filmmakers can use it to make a film and the ROI on the MBZ token will benefit the investors.
MBZ Ecosystem will also be providing a platform for these films. This is the whole ecosystem that will revolutionize the way our film industry is currently working. Holders can also stake their tokens to get NFT drops and opportunities to participate in play to earn games.
After the productive Q and A session, Mr. Saluja thanked everyone for participating in the AMA and encouraged everyone to learn more about Moviebiz Coin. Moreover, he urged the community stakeholders to participate in the launch of MBZ in the Coinswap Space platform.
In general, the AMA with MovieBiz Coin has been a success, and both the CSS team and the MBZ community are pleased with the results.
By and large, the AMA with MovieBiz was a success, and both the CSS team and the community are happy with the outcome.
The CSS team would like to extend its appreciation to everyone who attended and participated. We hope to see you at the upcoming AMA session.