MovieBloc

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Discover MovieBloc's fundamentals and latest news.

This content was generated by Whalee (BETA), an AI crypto assitant that analyses cryptocurrencies. Informations can be incomplete and/or erroneous. Please always double check and DYOR.

What is MovieBloc?

MovieBloc (MBL) is a decentralized movie and content distribution platform that utilizes blockchain technology to provide a transparent and fair ecosystem for filmmakers and viewers. Founded by Peter Kim and powered by the Korean video streaming platform Pandora.tv, MovieBloc aims to democratize the film industry by offering a platform where filmmakers can upload their content and receive a transparent share of the revenue, while viewers can access a variety of films and content and earn rewards for their contributions to the community.

How is MovieBloc used?

MovieBloc (MBL) is a utility token used within the MovieBloc ecosystem, a decentralized movie and content distribution platform. The token is utilized for various payment-related services, including:

  • Premium content access (TVOD)
  • Payment for translation services
  • Donations to other participants (creators, translators)
  • Rewarding users for reporting illegal content, rating films, and writing reviews.

How do I store MovieBloc?

To store MovieBloc (MBL) tokens, you have several options:

  1. Exchanges' Wallets: You can store your MBL tokens on the wallets provided by exchanges such as Binance Wallet or Trust Wallet. This is a convenient option, but keep in mind that these wallets are online, making them more vulnerable to hacking risks.

  2. Cold Wallets: For long-term storage and maximum security, consider using cold wallets. There are two types of cold wallets:

    • Paper Wallet: This is a simple, offline wallet where you generate and print your public and private keys. You can store the printed keys securely and use them for transactions.
    • Hardware Cold Wallet: These are physical devices that store your cryptocurrency. They are more secure and can hold a large number of coins or tokens. Most users prefer hardware cold wallets for their added security.

It is essential to prioritize security when choosing a storage method, especially for long-term holdings.

How to buy MovieBloc?

To buy MovieBloc (MBL) tokens, follow these steps:

Step 1: Choose an Exchange

Select a reliable exchange like Kriptomat, KuCoin, MEXC, Pionex, or BitScreener. Each exchange offers different payment methods and features, so research and compare them to find the best fit for you.

Step 2: Create an Account

Sign up for an account on the chosen exchange. This typically involves providing your email address, a secure password, and completing any necessary identity verification steps.

Step 3: Add Funds

Deposit funds into your exchange account using a method such as a credit card, debit card, bank deposit, or third-party payment services. Ensure you understand the fees and any specific requirements for your chosen method.

Step 4: Buy MBL

Navigate to the "Buy" or "Buy Crypto" section on the exchange. Select MovieBloc (MBL) from the list of available cryptocurrencies, enter the amount you want to purchase, and confirm the transaction.

Step 5: Store Your MBL

Once you have purchased MBL, you can store it in your exchange account or transfer it to a personal cryptocurrency wallet for added security and flexibility.

Additional Tips
  • Research the exchange's reputation and fees.
  • Compare different exchanges to find the best rates.
  • Consider using a wallet like Metamask for additional features.
  • Be aware of the different order types available, such as market, stop, limit, and TWAP orders, to optimize your purchase.

By following these steps, you can easily buy MovieBloc (MBL) tokens and start using them within the MovieBloc ecosystem.

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History of MovieBloc

MovieBloc (MBL) is a decentralized movie and content distribution platform built on the Ontology blockchain. The project aims to create a transparent revenue share, audience data, and equal screening opportunities for content creators. The platform consists of three layers: .Bloc, Market, and Fundraising, which connect participants, facilitate content and talent trading, and support content creators, respectively.

Token Sale and Distribution

MovieBloc conducted a private sale on April 30, 2019, and a public sale on Gate.io on May 3, 2019. The private sale raised $1.2 million at a rate of $0.00133 per MBL, while the public sale raised $2.88 million at a rate of $0.0012 per MBL. The token distribution includes 8% for the Gate.io startup sale, 3% for the private sale, 43% for ecosystem tokens, 10% for the MovieBloc Foundation, 15% for the team, 10% for the Ontology Foundation, and 11% for airdrop tokens.

Key Milestones
  • January 2020: MovieBloc officially launched its service and released its roadmap for the first half of 2020.
  • February 2020: The project announced a token swap from ERC-20 to OEP-4 and a partnership with TomoChain to host hackathons, meetups, and workshops in Asia.
  • November 2019: MovieBloc launched its Ambassador Program.
Community and Growth Strategies

MovieBloc focuses on community development in Korea, China, and Indonesia initially, with plans to expand globally. The project engages with its community through conferences, newsletters, and online channels. It also incentivizes user participation by rewarding users with MBL tokens for activities such as reporting illegal content and reviewing films.

Price Performance

Historically, the price of MBL has fluctuated. It reached an all-time high of $0.04599 on April 2, 2021, and an all-time low of $0.0007677 on March 13, 2020.

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How MovieBloc works

MovieBloc (MBL) is a decentralized movie and content distribution platform built on the Ontology blockchain. It aims to create a transparent revenue share, audience data, and equal screening opportunities for content creators. The platform consists of three layers: .Bloc, Market, and Fundraising.

.Bloc Layer

The .Bloc layer is a decentralized community layer that connects all participants, including filmmakers, translators, designers, and viewers. This layer allows for direct interaction and collaboration between content providers and audiences.

Market Layer

The Market layer is where content and talent can be traded. It provides a platform for filmmakers to showcase their work and for viewers to access various types of films and content. The Market layer also facilitates the trading of services such as translation and design.

Fundraising Layer

The Fundraising layer supports and incentivizes content creators. It allows them to raise funds for their projects and provides a platform for viewers to support their favorite filmmakers.

MBL Token

The MBL token is the native digital currency of the MovieBloc ecosystem. It is used for all payment-related services within the platform, such as premium content, translation, and design. The token is also used to reward users for reporting illegal content, reviewing films, and providing curation and marketing material to the ecosystem.

Token Allocation

The total supply of MBL tokens is 30 billion. The allocation is as follows:

  • 43% for the MBL ecosystem
  • 15% for the project team
  • 11% for airdrops
  • 10% for the MovieBloc Foundation
  • 10% for the Ontology Foundation
  • 3% for private sales
  • 8% for Gate.io startup sales
How to Buy and Earn MBL Tokens

MBL tokens can be bought on various exchanges such as MEXC and Binance. They can also be earned through staking, where users can earn up to 125% APY with no hidden fees or minimum balances. Additionally, users can earn MBL tokens by participating in the ecosystem, such as by providing subtitles, writing reviews, or supporting content creators.

Security and Community

MovieBloc prioritizes security, using the latest measures including two-factor authentication to protect user data. The platform also has a strong community focus, with strategies to attract non-crypto users and incentivize user participation through token rewards.

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MovieBloc's strengths

The token MovieBloc (MBL) has several strengths that contribute to its potential success:

  1. Decentralized Film and Content Distribution: MovieBloc operates on the Ontology blockchain, providing a transparent and efficient platform for filmmakers to connect directly with their audience. This eliminates intermediaries, ensuring fair compensation and equal opportunities for filmmakers to showcase their work.

  2. Rewarding Token Economy: The MBL token incentivizes users to participate in the ecosystem by rewarding them for watching films, leaving reviews, and sharing content. This encourages community engagement and fosters a collaborative environment.

  3. Fair Revenue Share: MovieBloc ensures that filmmakers receive a transparent share of the revenue generated by their films. This is achieved through smart contracts that automatically distribute revenue fairly between filmmakers and viewers.

  1. Access to Audience Data: The platform provides filmmakers with access to valuable audience data, helping them better understand their target audience and tailor their content accordingly.

  2. Community Building: MovieBloc focuses on building a strong community by hosting conferences, meetups, and workshops. It also maintains active social media channels and publishes regular updates to keep users informed about the project's progress.

  3. Partnerships and Milestones: MovieBloc has formed partnerships with major players in the film industry and has achieved significant milestones, such as the acquisition of 'Cobak', a crypto community service in Korea, and the establishment of MBL Media, a content IP development company.

  1. Staking and Earning: Users can earn additional MBL tokens through staking, which offers high APY rates, making it an attractive option for investors.

These strengths collectively contribute to MovieBloc's potential to reshape the film industry and create a more equitable and transparent ecosystem for filmmakers and viewers alike.

MovieBloc's risks

MovieBloc (MBL) carries several financial risks that investors should be aware of before investing in this cryptocurrency.

Risk Assessment

MovieBloc's risk gauge rank indicates that it is a moderate risk investment, with a medium Risk/Reward Score. This assessment is based on factors such as the amount of money needed to shift its price over a 24-hour period, recent changes in volume and market capitalization, and the potential for price manipulation.

Market Volatility

The cryptocurrency market is known for its high volatility, and MovieBloc is no exception. Its price can fluctuate rapidly, resulting in significant losses if not managed properly. The market's dynamic nature means that investors must stay informed and adaptable to navigate the ebb and flow of digital assets like MBL.

Leverage Trading Risks

Leverage trading, which can amplify both gains and losses, is another significant risk associated with MovieBloc. High leverage trading opportunities, such as 2000x leverage, can be attractive but require a high level of expertise to navigate successfully. Without proper risk management strategies, such as stop-loss orders and diversification, traders can incur substantial losses.

General Investment Risks

As with any investment in cryptocurrencies, there are general risks involved. The value of MovieBloc can go down or up, and investors may not get back the amount they invested. Past performance is not a reliable predictor of future performance, and investors should carefully consider their financial situation, investment objectives, and risk tolerance before investing in MBL.

Staking Risks

While staking MovieBloc can earn additional coins, there are risks associated with this process as well. Staking rates can be high, but the security of the staking platform and the potential for losses due to market fluctuations are important considerations.

In summary, MovieBloc carries a range of financial risks, including market volatility, leverage trading risks, general investment risks, and staking risks. It is crucial for investors to thoroughly understand these risks and take necessary precautions to manage them effectively.

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Did MovieBloc raise funds?

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MovieBloc’s team

  • Chris Kang: Co-founder of MovieBloc (MBL) alongside Jeffrey Jin and Peter Kim.
  • Jeffrey Jin: Co-founder of MovieBloc (MBL) alongside Chris Kang and Peter Kim.
  • Peter Kim: CEO of Pandora.tv and founder of MovieBloc (MBL), with a rich experience in the entertainment industry.

Whalee AI

The fundamental analysis assistant for crypto value investors.

MovieBloc NEWS REPORT

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