What is the issuance and circulation of MovieBloc MBL coins?

MovieBloc's issuance and distribution of MBL coins, with a total supply of 8 billion, comprises private and public sales, ecosystem development, and vested team-advisor allocations to foster the growth of its decentralized film ecosystem.

Dec 30, 2024 at 06:59 am

Key Points:

• Understanding MovieBloc MBL Coins
• Issuance and Distribution of MBL
• MBL Coin Allocation and Distribution

What is the Issuance and Circulation of MovieBloc MBL Coins?

MovieBloc, a decentralized film ecosystem leveraging blockchain technology, has introduced its native cryptocurrency, MBL coins. These coins play a pivotal role in the MovieBloc ecosystem, facilitating various functions and incentives for users.

Issuance and Distribution of MBL

1. Genesis Block: The genesis block, marking the start of the MovieBloc blockchain, was created with a pre-allocated supply of 8 billion MBL coins.

2. Token Distribution: The distribution of MBL coins was designed to align with the goals of the MovieBloc ecosystem:

   • Private Sale: 1.6 billion MBL (20%)
   • Public Sale: 1.6 billion MBL (20%)
   • Ecosystem Development: 1.2 billion MBL (15%)
   • Team and Advisors: 800 million MBL (10%)
   • Marketing and Operations: 800 million MBL (10%)
   • Liquidity Pool: 800 million MBL (10%)
   • Reserve: 2 billion MBL (25%)

3. Token Release Schedule: The MBL coin distribution follows a predetermined schedule, with vested tokens gradually released over time:

   • Team and Advisors: Vesting period of 12 months
   • Ecosystem Development: Vesting period of 3 years
   • Marketing and Operations: Vesting period of 2 years
   • Liquidity Pool: No vesting period
   • Reserve: No vesting period (held by the MovieBloc Foundation)

MBL Coin Allocation and Distribution

1. Private Sale: The private sale was conducted in 2018, with tokens sold at a price of $0.10 per MBL.
2. Public Sale: The public sale was held in 2019, with tokens sold at a price of $0.15 per MBL.
3. Ecosystem Development: This allocation is dedicated to supporting the growth of the MovieBloc ecosystem, including film production, distribution, and marketing initiatives.
4. Team and Advisors: This allocation compensates the MovieBloc team and advisors for their contributions to the project.
5. Marketing and Operations: This allocation funds marketing and outreach efforts, as well as operational expenses related to the MovieBloc ecosystem.
6. Liquidity Pool: The liquidity pool ensures market stability for MBL coins by providing liquidity for trading and exchange.
7. Reserve: The reserve, held by the MovieBloc Foundation, serves as a strategic fund for the long-term growth and development of the ecosystem.

FAQs

• How many MBL coins are in circulation?

  • The current circulating supply of MBL coins is approximately 2.4 billion.

• Where can I buy MBL coins?

  • MBL coins are available for purchase on various cryptocurrency exchanges, including Uniswap, Binance, and Huobi.

• What is the value of MBL coins?

  • The value of MBL coins can fluctuate depending on market conditions. Real-time price information is available on cryptocurrency exchanges.

• How do I use MBL coins?

  • MBL coins can be used for various purposes within the MovieBloc ecosystem, including:

    • Paying for distribution fees
    • Rewards for content creation
    • Incentives for community engagement

• Is MBL a good investment?

  • The investment potential of MBL coins depends on various factors, including the growth and adoption of the MovieBloc ecosystem. Investors should conduct their due diligence and consult with financial professionals before making investment decisions.