Nollytainment Inc. Announces Nollycoin ICO, Cryptocurrency Poised To Unleash Latent Potential of Movie Distribution in Developing Countries using Blockchain Technology

OMAHA, NE – March 19th, 2018 – Nollytainment Inc. is proud to announce the ICO for Nollycoin, a new blockchain-powered platform and cryptocurrency, which is set to commence on April 1st, 2018, and conclude on April 30th of the same month.

Following a groundbreaking approach to the production, marketing and distribution of movies in third world countries – particularly Africa, and, more specifically, Nollywood, Nollytainment is seeking through the creation of the Nollytainment project, its namesake platform, and the Nollycoin token, to create “an ecosystem centered on a decentralized ledger system for the publication and distribution of Movies, with Nollycoin as the central means of exchange.”

“We are so excited to be bringing the power of blockchain technology to African movie distribution, powered by a new Ethereum based cryptocurrency coin called Nollycoin,” said Dr. Ope Banwo, President of Nollytainment.

“The launch of Nollycoin is a great milestone for Nollytainment. We are very pleased that we are pioneering the elevation of the African movie industry to capitalize on the benefits of the blockchain technology for financing, production, marketing, distribution and delivery of African films. The launch of Nollycoin is the result of our commitment to the African movie industry and it will motivate us to continually seek ways and means of enhancing profitability in the African movie ecosystem for all stakeholders.”

The Nollycoin-powered Nollytainment platform promises to revolutionize the way with which both artists and audiences produce and consume media, respectively. Movie producers and their collaborators will be bound by a “coded contract”, which will be employed on the Nollycoin decentralized exchange, and will “automate the collection and distribution of royalty payments and remain in the control of the movie producers and creative artists themselves.”

In addition, both consumers and movie rights owners will benefit from Nollytainment’s thriving ecosystem, and easy-to-use tools, which provide a seamless user experience, and allows third-parties to take advantage of its open protocol to build value-added software and services.

Dr. Banwo went on to talk more in depth about the Nollycoin project, saying that “With the Nollycoin-powered Nollytainment Platform, consumers will be able to access a global catalog of movies stored on a peer-to-peer network, and pay owners directly using digital currency. Producers and creative artistes will also be able to get financing for high budget movies that can be distributed internationally.”

“This significant milestone will also be marked by the creation of a fund for the production of exclusive blockbuster international standard Nollywood films for the Nollytainment platform, while providing Nollycoin users additional utility for their tokens. Not only will holders of the Nollycoin token be able to use the Nollycoin token as movie tickets to watch blockbuster movies on the Nollytainment platform, partner movie theaters and partner movie streaming sites, they will also be able to receive dividends from movies sold on the Nollytainment platform.”

The total Nollycoin coin cap is set at 500,000,000 tokens. 350,000,000 will be made available for crowd sale during the ICO, while a portion of the remaining will go towards marketing and development efforts with regards to the Nollytainment platform.

Participants are required to make a minimum investment of 0.10 ETH; while the equivalent for 1 ETH has been set to 32,000 Nollycoin.

Those interested in taking part in the Nollycoin ICO are encouraged to make sure to visit the Nollycoin website during the period of April 1st – April 30th, 2018, so as to ensure their participation in the crowd sale.

To learn more about Nollycoin, please visit: www.nollycoin.com

Media Contact
Company Name: Nollytainment Inc.
Contact Person: Dr Ope Banwo, Founder/CEO
Email: ceo@nollycoin.com
Phone: +1 888 996 6559
Address:3568 Dodge Street
City: Omaha
State: NE 68131
Country: United States
Website: www.nollycoin.com