Film Launch Process on FilmFund.io
The FilmFund.io platform streamlines the process of launching a film project, ensuring that only high-quality and well-structured projects are listed for investment. The film launch process includes the following steps:
1. Project Submission & Approval:
Filmmakers submit a comprehensive project proposal, including financial details, project roadmap, production team bios, and token distribution plans.
Approval Criteria: The platform’s advisory board, along with community members, reviews the submission based on the film’s narrative potential, feasibility, and alignment with the platform’s standards.
2. Community Vetting and Promotion:
Once a project is approved, it enters a community vetting phase, where users can express interest and provide feedback. This phase helps build momentum and ensures that only projects with strong community support move forward.
Promotion Strategies: Filmmakers can utilize platform-provided tools to promote their projects through exclusive content, community events, and strategic partnerships.
3. Pre-Funding and Staking Phase:
Filmmakers set a soft cap and a hard cap for funding, defining the minimum and maximum investment targets. During this phase, investors use $FFA tokens to stake on projects they believe in.
The pre-funding phase gauges the community’s interest and commitment to the project, enabling filmmakers to refine their pitch and production plans before entering the final fundraising stage.
4. Full Fundraising and Security Token Offering (STO):
Once the soft cap is reached, the project enters the full fundraising phase, where additional backers can join and secure their allocations.
Hard Cap Achieved: Upon reaching the hard cap, the project is locked, and the $FFA tokens are converted into film-specific security tokens, representing profit-sharing rights for investors. Digishares will handle the deployment and management of these tokens.
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