The well-known Russian actor Konstantin Khabensky together with his partners is developing a blockchain Cinematix. The purpose of it is to raise funds for the development of the film industry.
The partners of Khabensky in this project are Ilya Zibarev, ex-chairman of the board of the bank “Russian Standard” and co-owner of the company ICOBox Nikolay Evdokimov.
“Now the Russian cinema is funded by the Cinema Foundation and private investors, and our project allows tens of millions of people in Russia and the whole world to develop the industry,” Konstantin said.
Users of the platform will be able to buy Cinematix tokens (CINX), the release is already scheduled for the middle of the summer, in July. This cryptocurrency will give an opportunity to support any film project that you will like and if it succeeds, get a share from the box office. If the film proves to be a failure, the investor will receive their funds back. The collected funds will go to the development of film projects in Russia, the United States, and Asia.
Cinematix will act as an intermediary between the producer and the buyer of the token. All the terms of the transaction on the blockchain are controlled by smart contracts.
“We spend about $ 1.5 million of our own funds on the platform. Another $ 15-20 million collected during the ICO, we use to deploy marketing and business strategy, work in the film market, with lawyers and consultants to provide users with a truly high-quality product,” said Konstantin Khabensky.