Hello everyone... Here I will inform you by writing a review to introduce a very unique new project called Crossing The Yellow Blocks, so for that, have a look at the article I made below to give you a very good overview of the project, then What benefits do they provide to everyone? Let's go straight to the discussion below.
Abstract
This document introduces the concept of Film2Market.sol. a decentralized platform that facilitates the funding and management of audiovisual projects. We leverage blockchain technology to mark every millisecond within a specific digital framework, turning it into an actual asset. By contributing to brand placement as well as playing in the DeFi marketplace, token holders play a key role in the proposed community-driven platform and generate social value for other Blockchain projects.
We began to disrupt how films, series, and documentaries were conceptualized, funded, and produced. As a flagship project, the team has made plans to bring “Across the Yellow Blocks” to life. A document that explores the meaning of Blockchain, and how this technology will impact almost every aspect of our lives. From the way we work and learn to the way we connect or exchange information/ideas. Blockchain technology, the emergence of the ERC20 standard, and other ad-hoc technological advances have been the driving force behind the creation of new decentralized assets, products and services.
We have seen the community of decentralized exchanges and financial tokens grow at a very fast rate, compared to their more traditional and legacy counterparts. Decentralized exchange trading volume jumps to $5 Billion in 2021 with Uniswap accounting for 65% of the total. This monthly growth outperformed centralized exchanges, increasing holder certainty and reducing entry barriers for new projects to launch Uniswap ventures. Now, it's time for filmmakers to take advantage of this breakthrough technology by taking digital content to the next level.
Crossing the Yellow Block
Blockchain technology is changing every aspect of the IT industry and consumers' lives. The pace of development is very fast and occurs on a global scale. Now is the time for incumbents to adopt this technology. Disturbingly, this will accelerate mass public adoption. The world should be informed about this ongoing technological revolution and it can be done in an entertaining way. Creating stories with developers and potential users as active characters is proving to be the best way to remove barriers, allowing the general public to easily understand what benefits to expect and how many different implementations will change their daily lives. We believe this to be the path to mass adoption.
This documentation has the main objective of highlighting the rapid growth of Blockchain applications worldwide. The structure has a strong social commitment and takes advantage of the opportunity to deliver mainstream content with multimedia and financial intrinsic implications. Crossing the Yellow Blocks is a “first-of-its-kind” project that ties the expansion in the overall value of the film industry to the unlimited potential of blockchain. This is the intent and purpose of launching this project and providing the holder with the opportunity to participate in interacting with The Yellow Dapp.
This enormous potential for demand will result in the public audience being filled with entertainment and information that will answer the question “What is Blockchain and which use cases can it be implemented?”. For nocoiners, the only question remaining for blockchain adoption is “How?”.
The Yellow Dapp
To accomplish the objective, The Yellow Dapp has developed a comprehensive blockchain-based system that is capable of managing the entire economic life cycle of any film production. The proposed film and business model includes reserved slots for crypto community exposure. In the docuseries episodes, those crypto communities play a key role in the use of CBK tokens by “booking” those slots through the Dapp.
The Yellow Dapp establishes a collaborative and inclusive environment where different parts of the ecosystem meet around this Ethereum token. It substitutes Fiat payments using the Film2market.sol solidity functions. Crypto communities who wish to be part of the content can use Film2market.sol to buy/exchange CBK tokens. Community initiatives in this system can expect top-level exposure while contributing to the main common goal of implementation.
Yellow Dapp is a “partially scalable” open source Ethereum Smart Contract functioning as a payment system itself while managing liquidity film finance strategy and workflow settings. Calculations are intended for the safety holder's dependence on volume, price, and liquidity. Liquidity is defined as the capacity that exists on an exchange for users to convert funds from one asset to another easily. Without liquidity holders have no guarantee that they will be able to exit when their financial situation requires it. Liquidity is critical to the functioning of a decentralized exchange (DEX) like Uniswap.
This Smart Contract creates an On-Chain version of a Buy&Redeem system. The customer autonomously interacts with the proposed contract with no middlemen.
BUY
The ETH/Tokens deposited are directly managed by Film2market.sol.
Film2market.sol collects the project tokens (90%) from Production Wallet (allowance).
Film2market.sol gets CBK tokens (10%) by interaction with a decentralized secondary market (Uniswap). Creating an upside market move.
Film2market.sol allocates received funds (+ CBK tokens) as Liquidity Pool Tokens so no funds need to be sold.
REDEEM
Film2Market.sol sends project tokens (95%) back to the Production Wallet to produce the film content.
Film2Market.sol burns project tokens (5%) transferring to 0X000000000000000000. It decreases the total token supply, creates an upside market move, and sets a deflationary model.
The system described in this section is scalable to non-single “Customers”, opening the door for participation in community-driven crowdfunding. Given the opportunity to truly decentralized ideas to top up the contract until enough tokens are redeemed.
It is also designed to mitigate risk by streamlining operations and engage with crypto enthusiasts with more engaging ways to participate in the movie and entertainment experience.
Redeemed CBK are used to complete the content of the next chapters with the most supported ideas in the crypto sphere. The benefits of this exposure go to all holders at the same time.
By developing open source implementations, standardized protocols and end-to-end financial market-fit to all stakeholders, The Yellow Dapp will eventually become an example for financing, legal documentation, accounting, reporting, and payment processing tools for film productions.
CBK tokens
Tokenization is the process of converting assets to digital partners and manage them on a blockchain platform. For example, convert real estate properties into digital token equivalents. The token represents the underlying asset and derives its inherent value from it. A concept that only existed on paper has now been understood through blockchain technology. Currently, the tokenization concept is being explored for a number of industries including real estate, arts, financial assets, stocks, and now also the film industry.
To fulfill its operating and filming objectives, Producer is deploying and initiating distribution of a new digital crypto token called CBK, which holders can use to enhance the document experience by interacting with The Yellow Dapp. Blockchain technology has given rise to a wide range of applications across industries from hospitality to healthcare. Blockchain principles allow the creation of digital tokens that represent tangible or intangible assets.
CBK tokens will use the established Ethereum Blockchain, allowing token holders to participate in the DeFi Market and gain:
Exposure in Blockchain projects. Active or passive.
A role in the community-driven content.
A say at the frame price in public secondary DeFi markets.
Access to CBK exclusive merchandising.
The process of tokenizing a film's frames and further managing it on a Dapp would open up new opportunities at the same time it faces subsequent challenges to its adoption. The new tokenization method allows the Producer to open up innovative methods and promote widespread adoption of investments in the entertainment industry.
Tokenomics
- Tickers: CBK
- Token type: ERC-20
- Role of Token: Utility/Voting
- Max Supply: 21.000.000 CBK
- Initial Value: $0,333
- Initial Market Capitalization: $6,993,000
- Deflationary: variable at Redeems
- Etherscan link
Token Distribution
51% Holders distribution: CBK 10.710. 000 Assigned to spread the token as much as possible. This is set to allocate the token offerings.
30% Film Production: CBK 6.300.000 Research (pre-production), film production, post-production, and distribution expenses for the long term.
7% DEX Uniswap Liquidity: CBK 1.470.000 Destined to add&lock liquidity in Decentralized Exchanges like Uniswap, Tottleswap, and Balancer.
7% Token Promotion: CBK 1.470. 000 Marketing, releases, formative pills, festivals, and Blockchain events. (Locked 0.33%/day).
3% Token Launch & Advisory: CBK 630.000 Initial expenses and Blockchain-related consulting budget. (Locked one year + 0.33%/day)
2% Security & Insfrastucture: CBK 420.000 Smart Contracts audit and sysops related to the cybersecurity issues inherent to cryptocurrencies.
Film Distribution
In the film industry, distribution is the process of making a movie available for viewing by an audience. This whitepaper is not intended to dive deep into this topic. The distribution step has a big variety of options. Once post-production ends, it is time to release and distribute!
Crossing the Yellow Blocks distribution choices are:
Online on-demand platforms: Top tier VOD platforms (Apple TV+, Prime Video, Netflix, Rakuten TV, Google Play Movies, HBO...) have over 350 million users in 2021 and keep working in more than 120 countries. This worldwide scope makes these VODs the perfect option to get this project #tothemoon and achieve the project goals.
Film Festivals: Festivals (IDFA, Hot Docs, Sheffield Doc, CPH:DOX…) are one of the key elements of the “Crossing the Yellow Blocks” promotion, to get exposure, feedback from the industry, and potentially attract token purchases.
Contact Information
- Website: https://www.crossingtheyellowblocks.io/
- Whitepaper: https://www.crossingtheyellowblocks.io/whitepaper.pdf
- Telegram: https://t.me/cbkcommunityfans
- Twitter: https://twitter.com/theYellowBlocks
- Github: https://github.com/Crossing-the-Yellow-Blocks/
- Medium: https://crossingtheyellowblocks.medium.com/
Author: dey90
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=731808
BEP 20 Wallet: 0x5c582DE6968264f1865C63DD72f0904bE8e3dA4a