There is no doubt that the evolution of online digital content distribution over the past two decades has enabled a Global audience to access an immense range of Music, Film and TV, Gaming, photography and all forms of literary creativity. The enormous scale of this new accessibility has given the mega-corporations who deliver the content an unreasonable level of power and as a consequence, we are forced to endure an unacceptable level of complexity in the administration of creators’ rights and management of their royalties. This has disadvantaged the entire copyright community.
It is therefore crucial for the future health of the creative industries that clever technology is developed to align the commercial interests of Digital Service Providers and copyright owners . They all desperately need a simple-to-use, fast and fair ecosystem enabling them to track, understand and manage their revenues efficiently and transparently.
CopyrightCoins (“CCIM”) is the trademarked cryptocurrency created for the payment of royalties for all current and future ecosystems of online digital content, including music (works and recording), photo, video, articles, design, 3d printing, videogame content and even UGC (User Generated Content.
A total of 25 billion CopyrightCoins have been created, of which 1 billion CopyrightCoins are made public. The remaining 24 billion are under escrow at Internet Media Copyright Association (IMCA). The governance of this escrow account (including release of additional CCIM to the market) is managed by CopyrightCoins owners via a voting system. More details are available in our support services and on IMCA’s website.
The 1 bn CopyrightCoins made publicly available have two main users: copyright owners and the general public. 700 million CopyrightCoins have been ring-fenced for advances made to copyright owners (details in the white paper), convert to Fiat on exchanges (by selling to the market) as they see fit. The remaining 300 million CopyrightCoins are made available in four ways:
- Sold as part of the Pre-sale (30 million CopyrightCoins) – unsold coins are ring-fenced for the bounty and bonus program – more details coming soon
- Sold as part of the ICO (150 million CopyrightCoins)
- Exchanged for services from Advisors/strategic partners (100 million CopyrightCoins)
- Exchanged for services from the core team (20 million CopyrightCoins)
At the ICO, CopyrightCoins will be sold to the general public at the price of 1 Euro per CopyrightCoins. Note that early supporters, including the core team, pre-sale investors and advisors, have benefited from a gradual discount of CopyrightCoins to the Euro starting at 99% (where 1 CopyrightCoins = 0.01 Euro).