Yes. What is your name, title and company you work?

 

Hey, I'm Sachin Saluda. I'm cofounder of MovieBizCoin, it's a crypto asset based on movie industry.

 

What is a blockchain? What is a token? And what is a coin?

 

To tell you on simple terms, blockchain is just another kind of databases, ya know. Yes, it can go very technical also. Blockchain is a system of recording information in a way that makes us difficult or impossible to change, hack or cheat the system. Essentially, it is a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. Each block in the chain contains a number of transactions. And every time a new transaction occurs on the blockchain, a record of that transaction is added to every participant ledger. This is known as this decentralized database is known as distributor ledger technology. So, Blockchain is a type of DLT in which transactions are recorded in a cryptographical signature, which we call hash, something like that.

 

What is the token?

 

Yeah. The term crypto token refers to a special virtual currency token, or how the cryptocurrencies are denominated. These token represent fungible and tradable assets or utilities that reside on their own blockchains. Crypto tokens are often used to fundraise for crowd sales, but they can also be used as a substitute for various other things. You know, usually these tokens are created, distributed, sold or circulated through standard initial current offering, ICOs or these dates call initial exchange offerings or initial decentralized exchange ideas process, which is primarily a crowdfunding exercise to fund the project development. So that's what it is.

 

And what is a coin?

 

Actually, I told you what cryptocurrencies and crypto tokens, you know, these are terms which usually get intermixed, usually get intermixed. Like, roughly, we can say tokens are something which are created on Ethereum or Tron or these platforms. The points have their own their own blockchain. They have got their own system. Similar like Bitcoins. But these days some people are talking about security token. So these things usually get mixed up depending on the utilities they have.

 

Okay. And what is it that you do as a company?

 

MovieBizCoin. We are talking about MovieBizCoin is a brand new platform. It has been created by a team of individuals who understand the challenges, the opportunities within the movie industry. We have got a technical experience. I've got a technical experience for around 20 years into blockchain development and solutions for the last six odd years. Apart from that, we have our own. I had a hobby of movie making. I've produced a couple of Indian movies, four of them initially around four or five years back. So we understand the challenges behind about fundraising. It is controlled by certain caters we wanted to distribute. We wanted to make it open. The film making everything open to the people, you know. And that's how we created this platform so we have got the technical know how to overcome the problems which movie industry offers. We have a technical know how for that. And we were looking we are looking for this as three odd years and we were looking for the right time to start. And I think this is the right time to launch. So this MovieBizCoin, will enable producers and investors to raise the money, raise capital, profit, and profit from the successful completion of the projects. So that's what it is.

 

You have developed an idea into a working company where a coin will be sold on cryptocurrency market exchanges. Can I get a rich with your coin?

 

It's not a rich quick scheme, sir. It is not a rich quick scheme. And what I'm seeing is also not a financial advice. Actually, most of the crypto assets which are there in the market, most of the crypto switch people talk about in various things. They start from the white paper, they start from the light paper, then people raise money, they raise the funds and then the project, the products are developed. Right. And most of them never reach the product stage. Also. And the pricing of crypto assets are based the early or the speculation in most of the products, I would say 80% to 90% of the CIP process. And that's where we want it to be a little different. We have invested our own money in developing the entire project, the product range. We are not looking for people's money to develop it. So we have got our own fundraising platform, our own streaming over the top OTT platform already ready. The talent Hunt program already ready. So these products are already there, which are in the Alpha version, and we will be launching as the time comes. So the funds which we are raising at this moment is purely to engage people and to develop the content, develop the movie content over it. So we are quite bullish. The pricing can go good. And there will be a reason for people to hold this coin because they can stake it and have some kind of passive income, because this money will be invested in the movies and movies will profit and the dividends will be everything. So it's kind of a normal economy. If there is a demand, people will hold it. And if the people hold it, there will be Scarcity and the price should go up.

 

And who are your competitors in the cryptocurrency market exchanges?

 

There have been some developments in entertainment industry and attaching blockchain to it. I wouldn't name them. But 2017, somebody tried to launch a project, but again, the same problem. They wanted to raise the money and then develop the project. And somehow the project got didn't execute properly. And now there are some independent people who are working on that. They are trying to come up as a competitor in the movie industry. And I know a couple of them which the developments are there. And again, I'll repeat myself, the differentiator with us is we have already invested our own money and created the Alpha version of all the data. The businesses around this point, the DAPs, what we call digital applications or different products are already ready is in Alpha version. We will very quickly we will be launching it and there will be a real scale utility around this thing. So I don't see think that at this moment we have got any such competition with us.

 

And what are your accomplishments or milestones as a company thus far?

 

Our major products already, we have got fundraising platform in which people can choose the film projects they want to support. They can take their crypto asset, the MovieBizCoin and they can get the return in cash in crypto asset or time. That product is ready. Apart from that, we have got a product which is an online talent Hunt program which is also ready. We have already have that product, we have tested it, ready to launch. Our OTT platform is also ready and it is also ready to launch. So these are the major accomplishment which we had already achieved before launching our project. We launched up Angel Round on 1 August. On the very first day we completed the Angel Round, that was $105,000. It was achieved within couple of hours. At this moment, we are running our seed round, which is for $1 million and we have subscribed almost 60% of that. So, quite fast. So our target is to go for the public sale round by listing in various exchanges and deck in November. I think we'll be achieving that.

 

What are the benefits for investors?

 

See at this particular moment, the people who are coming and supporting us, they're coming at a fixed price which is $0.05 at the seed round, which was three cent at the angel round which was accomplished. And next round is a private sales to various PEs and various VCs and various funds which will be around $0.08 and a listing price is almost $0.15. So anybody who is joining us or supporting us at this moment surely has got an advantage in the presale rear and he gets a decent multiplier. And the people who stay with us stay with us because we are quite hopeful and we are working in such a way that our product will have our product will have good traction, our product will have put utility. So the people who will hold the MovieBizCoins, they will be supporting various movie industry projects. This is a decent passion of many people, you know, they just want to be investing in the movies, but because the investments are used, they can't so they can play a little part of themselves and also get a good, decent, wise APIs over that right. So the initial investors will have that kind of returns and they can support a movie projects and get good API and returns on that. And of course, when the price goes up because of the scarcity, because of the demand, there's a real benefit to it.

 

What are the benefits for the producer?

 

Yeah, the producers are the most important part, the most important pillar of the entire movie movie making industry, because he is the one who chooses a script, who understand the project. He creates the team around it. He signs up the actors. And the most difficult part for a producer is to raise funds because he need to have similar the people with having the same passion. And unfortunately, the movie industry is a form of is now managed by big Studios, whether it's Hollywood or Indian industry or Hong Kong industry or any other is basically. The newcomer or somebody, even if they have a good idea, it's very difficult for them to get the finances. So we through our platform will invite them. If the concept is good, we have got a team who will be vetting the project. If the concept is good, the storyline is good if the team is good, we will help him to raise money, raise funds and look for the actually to fulfill his dream of making a movie will help them in every aspect. Number one, raising funds for him. Number two, looking for the talent also, you know, we will have some actors and others at talent will help in that we have our own Studios, we have our own Studios and talent. We have a studio in India and we plan to have other Studios of us will help him in production thing also. And we'll also help him in showcasing his project because we'll have our own OTT platform. So that's good for the producer of initiating the project to making profit over it.

 

What are the benefits for actors?

 

Similar thing, similar thing. You know what we believe they have. We have got a very good talent across thing, but they don't get a chance in showcasing themselves. So we have created a platform called Talent Tags in which people can come they can showcase their talent. Right. And whatever people our producers are actually creating the projects, they will be finding talent from our talented app. So people will go the expiring actors or singers or other artists will go and showcase the different aspects the comedy or action or drama or some other kind of form. They will showcase and add even coordinators or model. Coordinators or acting coordinators will be picking up the talent from there and they will be showcasing. So it will give a totally different kind of platform for the newbies that people who are new to the industry to perform, to showcase and go and get launched in the industry.

 

Alright. And final question, what is next for you as a company?

 

We are in the middle of a seed round and by November we intend to finish a sweet round and private sales round. After that, we have along with that, we are already talking to a couple of launch pads to launch our project. In their exchanges, they are already in talks with them. We are getting positive reviews. So our target is to list our crypto assets in various exchanges, decentralize and centralize exchanges and make it normal people, public too buy and subscribe to it. Immediately after that, we have already announced our one in the English. It is basically a multilingual project which I have already launched and which we intend to release in our first movie for full length the feature movie. We intend to launch it up by the month of December. So the production is already started. So we will be launching that project. We will be releasing that movie in December in our own over the top platform or our own OTT platform, and allow other projects in next six months to one year in the phases and all the products which we call the talent Hunt program and fundraising platform. And over the top platform is coming. Another project which we are very actively working on. It's not ready. We are just still working on this is a movie based NFT platform. If you are aware of NF nonfungible tokens, you know, movie base. So we are developing that. And in due for some time, we'll be announcing that also.

Source: TJFI TV @ https://www.tjfi.tv