What is the distribution model of MovieBloc MBL coins?

MovieBloc's token distribution model includes a presale with 50% of tokens earmarked for industry participants, and 10% allocated to the team and advisors, subject to a 24-month vesting period.

Dec 27, 2024 at 03:23 pm

Key Points

• Distribution Model: Overview of the MovieBloc token distribution model
• Presale: Structure, pricing, and allocation of tokens in the presale event
• Team and Advisors: Allocation of tokens to the MovieBloc team and advisors
• Private Sale: Structure, pricing, and allocation of tokens in the private sale
• Seed Round: Allocation and terms of the seed round investment
• ICO (Initial Coin Offering): Details and mechanics of the MovieBloc ICO
• Public Sale and Exchanges: Listing and distribution of MBL tokens on cryptocurrency exchanges

Distribution Model

The MovieBloc token (MBL) distribution model has been carefully designed to meet the needs of the project and its various stakeholders. The key objective of the distribution is to ensure fair and equitable access to MBL tokens, while also incentivizing early supporters and contributors.

Presale

• Conducted in June 2018
• 500 million MBL tokens offered
• Price: $0.01 per MBL
• Allocation: 50% of the presale tokens reserved for movie and media industry participants, 25% for technology and blockchain enthusiasts, and 25% for community members

Team and Advisors

• 10% of the total token supply allocated to the MovieBloc team and advisors
• Vested over a 24-month period to align incentives with long-term success

Private Sale

• Conducted over several rounds in 2018-2019
• 500 million MBL tokens offered
• Price: Varied based on the round and investor profile
• Allocation: Institutional investors, venture capital firms, and prominent industry figures

Seed Round

• Early-stage investment round held in 2017
• 100 million MBL tokens allocated
• Terms: Convertible Note with a 12-month maturity date and 10% annual interest rate

ICO (Initial Coin Offering)

• Conducted in December 2018
• 500 million MBL tokens offered
• Price: $0.06 per MBL
• Allocation: Open to the general public with no minimum investment threshold, subject to geographic restrictions and KYC/AML requirements

Public Sale and Exchanges

• Post-ICO distribution of MBL tokens on cryptocurrency exchanges
• Initial listings: KuCoin, Bittrex, and Upbit
• Subsequent listings on additional exchanges over time
• Open access to liquidity and trading for token holders

FAQs

Q: What is the total token supply of MovieBloc?
A: 1.2 billion MBL tokens

Q: How were the tokens allocated in the ICO?
A: 500 million MBL tokens were offered in the ICO, representing 41.67% of the total supply.

Q: What are the vesting conditions for team and advisor tokens?
A: Tokens are subject to a 24-month linear vesting period to ensure long-term commitment and alignment with the project's success.

Q: Is there a maximum investment limit for the ICO?
A: No, there was no minimum or maximum investment threshold for the ICO.

Q: Which exchanges currently list MovieBloc tokens?
A: MBL is currently listed on KuCoin, Bittrex, Upbit, and several other cryptocurrency exchanges.