***As Stakeholders Take Advantage Of Bounty
Despite the controversy and uncertainty surrounding cryptocurrency, there is an almost touchable excitement about the Nollycoin Initial Coin Offer (ICO).
Presently in its pre-sale stage, patrons can enjoy as much as 30 per cent before pre-sale closes on Saturday, March 31.
The ICO which officially opens on Sunday, April 1st will avail patrons several bonuses.
In the 1st week of the month of April, patrons will enjoy 25%, while they 2nd week of April gives 20%. The 3rd week of April gives 15%, while the 4th week of April will see patrons enjoying 10%.
During this period, stakeholders can buy a minimum of 0.50ETH (approx. $425) with 16,000 Nolly given for every 0.50ETH. Only a minimum of 0.10ETH (approx. $80) with 3,000 Nolly given for every 0.10ETH bought.
Total coin to be allocated in the ICO is 500,000,000, but only 350,000,000 will be offered for sale.
Nollycoin is the cryptocurrency that powers a blockchain-enabled Peer-To-Peer decentralized ledger system for the global distribution of movies and other creative works.
Speaking on Nollycoin, Dr. Ope Banwo, the brain behind the innovative concept said “Nollycoin is the first cryptocurrency specifically for use in the movie and entertainment industry in developing countries.”
On his experience at the Crypto Whales Dinner in Chicago, he revealed it was a massive success, as he had lovely interactions with the TokenAi Chief Executive Officer (CEO), Seth Knapp and other the participants at the event.
L-R: TokenAi CEO, Seth Knapp with Dr. Ope Banwo, founder Nollytainment at the Crypto Whales Dinner
Working on the project are notable individuals recognised in several fronts including Daven Michaels, Chad Nicely, Kayode Ayeni, Charles Novia, Simi Opeoluwa, Emem Isong and Charles Novia.
Others are Ifiok Nk, Vaughn Item, Leon Andrew and Darlington Sobio to mention a few.
Nollycoin was created to provide solution to the consistent problems of Nollywood and the entire African movies industry in areas of providing Copyright protection and solving piracy issues, providing universal means of exchange for Nollywood movies, providing top financial backing for some of the best Producers in Nollywood, providing multi-level worldwide distribution to justify financial investment, to provide access to financing and capital to produce qualitative movies and enable fair compensation for collaborators in creating the movies.
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