MovieBloc Coin: A Decentralized Platform for Movie Distribution and Content Creation

MovieBloc Coin: A Decentralized Platform for Movie Distribution and Content Creation

MovieBloc Coin (MBL) is a cryptocurrency that is used as the medium of exchange and reward on the MovieBloc platform, a decentralized movie and content distribution platform that aims to create a fair and transparent ecosystem for filmmakers and viewers. MovieBloc is powered by the Ontology blockchain, and leverages its features such as identity, storage, and interoperability. MovieBloc also collaborates with various partners and platforms, such as Cobak, MBL Media, Travala, Bitvavo, and Blocktrades, to provide a comprehensive and diverse service for its users.

 

 

 

 

 

Coin Introduction and Features

MBL was launched in 2019 as part of the MovieBloc ecosystem, which consists of two main components: the MovieBloc service and the MovieBloc token. The MovieBloc service is a web-based platform that allows users to watch, upload, and curate movies and content from various genres and regions. The MovieBloc token is a utility token that is used for economic activity and governance on the platform. MBL has several features that make it attractive for users and creators of the MovieBloc platform and beyond. Some of these features are:

• MBL is used as the medium of exchange and reward on the MovieBloc platform, which creates a circular economy and a positive feedback loop for the participants. Users can use MBL to pay for premium content, donate to creators and curators, and access various benefits and services. Creators and curators can earn MBL by uploading and reviewing content, receiving donations and tips, and participating in various events and campaigns.
• MBL is also used as the governance token of the MovieBloc platform, which empowers the community and ensures the transparency and fairness of the platform. MBL holders can vote on various proposals and decisions that affect the platform, such as the content selection, the revenue distribution, and the platform development. MBL holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
• MBL is compatible with the latest developments and innovations from the Ontology network, which is the underlying blockchain of the MovieBloc platform. Ontology provides various features and services that enhance the performance, scalability, and functionality of the MovieBloc platform, such as the ONT ID identity protocol, the NeoFS storage system, and the Poly Network interoperability framework. These features enable the MovieBloc platform to verify the identity and reputation of the participants, store and distribute the content securely and efficiently, and communicate and collaborate with other blockchains and platforms.

 

 

 

 

 

 

Market Analysis and Trends

MBL has experienced significant price fluctuations in the past, mainly due to the supply and demand dynamics of the MovieBloc platform and the cryptocurrency market. MBL has a maximum supply of 30 billion tokens, which is determined by the inflation rate of the platform. The inflation rate decreases every year, until it reaches zero in 2039. The current annual inflation rate of MBL is around 3.5%1. The demand for MBL is influenced by the activity and popularity of the MovieBloc platform, as well as the external factors such as the price of ONT and other cryptocurrencies, the regulatory environment, and the market sentiment.

According to CoinMarketCap, MBL is currently ranked 455th among all cryptocurrencies, with a market capitalization of $415 million and a 24-hour trading volume of $47 million. The current price of MBL is $0.0239, which is up 0.08% in the last 24 hours and up 17.5% in the last 7 days. The all-time high price of MBL was $0.0613 on April 2, 2021, and the all-time low price was $0.0008 on March 13, 2020.

The price trend of MBL is largely correlated with the price trend of ONT, which is the main driver of the MovieBloc platform and the MBL generation. ONT has also experienced significant volatility in the past, reaching an all-time high of $10.92 on May 3, 2018, and an all-time low of $0.226 on March 13, 2020. The recent price movements of ONT and MBL have been influenced by several factors, such as:

• The recovery of the cryptocurrency market in 2020 and 2021, which was driven by the increased adoption and innovation of Bitcoin, Ethereum, and other altcoins. The cryptocurrency market reached a new all-time high of over $2 trillion in April 2021, which boosted the demand and price of many cryptocurrencies, including ONT and MBL. The market also witnessed increased volatility and corrections, which affected the price of ONT and MBL as well.
• The development and updates of the MovieBloc platform and the MBL project, which aimed to improve the user experience, the security, and the scalability of the platform. Some of the recent updates include:
  • The launch of MovieBloc Plus in March 2021, which is a premium subscription service that offers exclusive content, discounts, and benefits to the users. MovieBloc Plus costs 9,900 MBL per month, and users can pay with MBL or other cryptocurrencies via the Poly Network.
  • The integration of MBL with various platforms and services, such as:
    • Travala, a leading blockchain-based travel booking platform, which added MBL as a payment option in October 2020, allowing users to book over 2.2 million hotels and accommodations worldwide using MBL2.
    • Bitvavo, a European cryptocurrency exchange, which listed MBL in September 2020, enabling users to buy and sell MBL with fiat currencies such as EUR, GBP, and CHF3.
    • Blocktrades, a popular cryptocurrency exchange and service provider for the MovieBloc platform, which upgraded its MBL conversion service in August 2020, offering faster and cheaper conversions between MBL and other cryptocurrencies.

 

 

 

 

 

 

Project Updates

The MovieBloc platform and the MBL project are constantly evolving and improving, thanks to the efforts of the developers, the validators, and the community. Some of the latest updates and announcements for the MovieBloc platform and the MBL project are:

• The launch of MovieBloc Studio in April 2021, which is a content production and distribution company that focuses on creating original and quality content for the MovieBloc platform. MovieBloc Studio aims to support and collaborate with talented and passionate filmmakers and content creators, and to provide them with a fair and transparent revenue share, audience data, and equal screening opportunity.
• The announcement of the MovieBloc NFT Marketplace in March 2021, which is a platform that allows users to create, buy, and sell non-fungible tokens (NFTs) related to movies and content on the MovieBloc platform. NFTs are unique and scarce digital assets that represent the ownership and authenticity of various forms of art, such as posters, trailers, scenes, and scripts. The MovieBloc NFT Marketplace will use MBL as the main currency, and will leverage the Ontology blockchain and the NeoFS storage system to ensure the security and efficiency of the transactions and the storage of the NFTs.
• The integration of MBL with Ledger Live in February 2021, which is the official app for managing Ledger hardware wallets. Ledger Live allows users to securely store, send, and receive MBL with their Ledger devices, as well as access other features such as portfolio management, staking, and swapping.

 

 

 

 

 

 

 

Analysis and Recommendations for Investments

MBL is a unique and valuable cryptocurrency that offers a medium of exchange and reward on the MovieBloc platform, a decentralized movie and content distribution platform that aims to create a fair and transparent ecosystem for filmmakers and viewers. MBL has several advantages and disadvantages as an investment, which are:

• Advantages:
  • MBL is used as the medium of exchange and reward on the MovieBloc platform, which creates a circular economy and a positive feedback loop for the participants. Users can use MBL to pay for premium content, donate to creators and curators, and access various benefits and services. Creators and curators can earn MBL by uploading and reviewing content, receiving donations and tips, and participating in various events and campaigns.
  • MBL is also used as the governance token of the MovieBloc platform, which empowers the community and ensures the transparency and fairness of the platform. MBL holders can vote on various proposals and decisions that affect the platform, such as the content selection, the revenue distribution, and the platform development. MBL holders can also delegate their voting power to other users or validators, who are responsible for maintaining the security and functionality of the platform.
  • MBL is compatible with the latest developments and innovations from the Ontology network, which is the underlying blockchain of the MovieBloc platform. Ontology provides various features and services that enhance the performance, scalability, and functionality of the MovieBloc platform, such as the ONT ID identity protocol, the NeoFS storage system, and the Poly Network interoperability framework. These features enable the MovieBloc platform to verify the identity and reputation of the participants, store and distribute the content securely and efficiently, and communicate and collaborate with other blockchains and platforms.