1. The film Producer submits a film budget & length of film in minutes
The budget must include all Production and Marketing ( P&A) costs of the film.
Eg Length : 90 minute film, Budget = USD$10.8m
2. Producer calculates cost per frame / second
Frames are sold in 1 second lots of 25 frames per second
90 mins = 5,400 seconds
Cost per lot/second = USD$2,000
3. Dream Coin Royalty Token Deployed
DreamCoin (DZZZ) Royalty Tokens are deployed. Each coin is valued at USD $1 each and is specific to each film.
4. Token Sale - DreamCoin ERC 20 Royalty Token Generation Event
Investors purchase the Dream Royalty Tokens specific to each film. They receive a pro rata royalty right to the film’s revenues. NB: The maximum that investors can own in the film is 70% as 30% of royalties are allocated to the film’s Producers.
5. Token Sale - DreamCoin ERC 20 ‘Crowdsale’ Token Generation Event
All investors receive a DreamCoin Crowsale token equivalent to the amount they have invested. These are used to claim frames at a later date . In the case of an unaccredited investor, they are only issued DreamCoin ERC 20 Crowdsale token, instead of an ERC 20 Royalty Token. When they collect their ERC 721 Frames, their ERC 20 ‘Crowdsale’ tokens are burned.
6. Private Trading
90 Days after the tokens are issued, tokens can be traded privately. Token owners are then are able to trade their future royalties and the film is now a liquid asset.
7. Film Is Shot & Final Cut Submitted
Final number of film frames / seconds / is submitted.
8. Claim Frames
Investors can claim frames on a first come, first served basis. The most valuable frames (ie. lead actors, memorable scenes) will be the first claimed and this will create a secondary market for Dream Frames. Investors use their ERC 20 Crowdsale tokens has right to claim % of frames in the film. These tokens are burned while ERC 20 Royalty Tokens remain liquid / seconds.
9. Trade Frames
12 months after the ERC 20 Royalty Tokens have been issued, frame owners can trade and swap seconds (25 frames in each second) inside the Dream Frames game.
* 90 Days after the tokens are issued, tokens can be traded privately. Token owners are then are able to trade their future royalties and the film is now a liquid asset..