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).
IdeationMay 1st, 2013Since 2013 the founder Thor Pettersen has been looking into using the blockchain to facilitate payments in the music industry.
From there, the technology has been built and the business model expanded to cover all content industries
First supportersSeptember 27th, 2014A business model is found, defined and refined, and the core team is put together.
The POC is completed and being transferred to Alpha version(s)
The first partnerships (technical and business) are discussed and aligned towards the next phase of the plan: Going public.
The official lunch (in stealth)December 21st, 2014As the days finally started to grow a bit lighter the first Internet Media blockchain was created on Eris and testing started to create immutable registration of licensing.
Slowly coming out of stealthJanuary 1st, 2017Since the beginning of the year, the project is out of stealth. We’re talking to industry participants, we’re gathering feedback and implementing it, and we’re making all the deep changes needed.
We’ve officially closed the Friends & Family pre-sale of CCIM and we open the pre-sale to the public on 1 March.
All focus is now on the ICO.
Feedback from the Estonian finance InspectionSeptember 15th, 2017CopyrightCoins is not regarded as a financial instrument and the Exchange service is not regarded as a payment service…
ICO and partnershipsJuly 1st, 2018The public ICO is launched on 1st July 2018.
The ICO will finance the adaptation to each content industry, starting with music and articles and images.
The core team will expand and dedicated teams will be created for each content industry, building the best business models and partnerships to make more money, faster, to copyright owners.
IPO and ETOSeptember 1st, 2018EQUITY TOKEN OFFERING (ETO) is a novel way of fundraising, which allows any kind of company (blockchain-based or not) to issue equity tokens on the Blockchain, in a public or private placement. Equity Tokens guarantee crucial equity-like rights for the investors and the issuers. Legally, Neufund’s Equity Tokens are securities structured as Vermögensanlagen (“Investment Assets”). The offering is subject to the German Banking Act (KWG) and the Investment Asset Act (VermAnlG). ETOs can be conducted by any incorporated entity worldwide, however at the moment the platform does not accept companies incorporated in the USA, due to regulatory uncertainty in America.
Commercial launchJuly 1st, 2019With each new team being structure and each business model implemented, based on the CopyrightChains technology.