CopyrightCoins and its ecosystem are here to provide more money, faster, to all online copyright owners, without an intermediary. It’s a blockchain-enabled crypto-currency built, managed and controlled within our closed ecosystem, and it cannot be mined publicly.
CopyrightCoins evolves within a decentralised, secure and immutable ecosystem. With our in-house tokenised nano-payment system, it guarantees the near-instant payment of royalties at drastically reduced management fees. With our distributed ledger technology, single streams are licensed – accurate reporting is automatic.
Regardless of the online content being paid for, the premise is simple:
1 click = 1 licence = 1 payment
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).