Social Media Meets Web3
It’s time to re-imagine the independent media industry…
BME Group is a collective of developers from around the world contributing to the decentralization of the entertainment industry & empowering those who create. The next phase of development will tackle the film & content industry and will take oracles to a whole new level. MP4 is the utility & value token for the Film/Content Industry DAPP; this will be more like a social media platform where influencers, film makers, and content creators can tokenize themselves, their media and visions to interact with web3.
Together, we will tokenize the world and create an entirely new system of value. It’s time for filmmakers and influencers to have access to a worldwide network of investors to support their creative endeavors — What MP3 does for the music industry, MP4 does for the film/visual content industry.
By building a custom profile, content creators are able to tokenize themselves as well as any product, service, or subscription they wish to sell to the blockchain economy. This is facilitated by deploying personalized oracles and using a bonding curve curation market. The bonding curve is a liquid DEX where algorithmic market making is used to facilitate the interactions between service/product providers and consumers, fans, or investors. It acts much like a decentralized reputation tool, and also eliminates many of the barriers to entry holding back the tokenization of the world.
Picture YouTube & Tik Tok meets Patreon, Oracles, & MetaMask. Every time a customized oracle is deployed by a content creator, there will be a 6% tax that goes directly to a Treasury wallet and distributed back to token holders. MP4 is a decentralized platform that rewards content creators as well as their supporters.
Clocking in at around ~$100b globally — let’s face it, the film industry is run by Hollywood, and if you’re not a part of the club, your dreams of creating that movie you’ve written a script for will likely fall to the wayside without the necessary capital to pay for actors and production costs. Why should independent film creators have to be hidden in the shadows of the Hollywood monopoly? Now talented film and content creators can pitch their ideas to a worldwide audience of investors on the blockchain and make their creative vision come to life.
Introducing the Initial Film Offering (IFO)
Independent filmmakers using the MP4 platform will be able to create a profile and pitch their vision in video format and describe their filmmaking endeavor; then they easily tokenize that dream on the blockchain with a click of a button. Investors from around the world can now see their filmmaking endeavor, and they can invest in the film to help make it a reality. The key here is utilizing a ‘positive slope’ bonding curve curation market; this creates an incentive for speculators to find and bond to what they believe will be the most valuable films offered by independent filmmakers.
MP4 tokens will be available for a limited time and on a first come first serve basis this week — the Token Sale will take place on Thursday 2/18 and will be open for 48 hours or until the hardcap is hit. The token sale will be deployed through Safu Investments and have a clean and easy to understand page with detailed information and functions to contribute ETH & also to claim tokens at the conclusion of the sale. At the conclusion of the sale, the presale contract will automatically lock liquidity on Uniswap for 1 year and proceed to immediately list the token for trading. The MP4 distribution goes as follows:
We have partnered with Solidity.Finance to audit our contract, and the audit will be released this week before the sale begins. The presale DAPP link is listed below and will also be accessible through either the main website or any of our other social outlets. Links are provided below.