What is MBL? An Introduction to Digital Assets

What Exactly is MBL and Why Should You Care?

MBL (MovieBloc) is a blockchain-based cryptocurrency that powers the MovieBloc decentralized platform, which is focused on transforming the film and content distribution industry. Launched in May 2019, the MovieBloc token was developed to address the lack of transparency, fair revenue sharing, and accessibility in the global film industry. With its decentralized infrastructure, the MBL coin enables users to participate in content creation, distribution, and consumption while ensuring fair compensation, transparency, and global reach for creators and viewers alike.

Meet the Team: Who's Building MovieBloc and Their Track Record

MovieBloc was founded in 2019 by a team led by Peter Kim, who previously held leadership roles at Pandora TV and has extensive experience in digital content and blockchain technology. The founding team's vision was to create a platform that could democratize the film industry and empower independent creators through the innovative application of blockchain technology.

Since its inception, MovieBloc has achieved several significant milestones, including raising initial funding from strategic investors, launching its mainnet in 2019, and forming partnerships with notable content platforms and production companies. The MovieBloc project gained substantial attention after integrating with Ontology's blockchain infrastructure, positioning MovieBloc crypto as an innovator in the decentralized content distribution sector.

MBL Ecosystem: Products That Make It Work

The MovieBloc ecosystem consists of several interconnected products that work together to provide a comprehensive solution for filmmakers, content creators, and global audiences. The core offerings include:

1. MovieBloc Platform: The primary platform of the MovieBloc ecosystem, allowing users to upload, distribute, and monetize films and videos through blockchain technology. This platform enables fair revenue sharing and transparent analytics for creators, while ensuring global accessibility for viewers. Currently, the MovieBloc platform is used by thousands of creators and viewers for independent film distribution, making it a leading solution in the decentralized content market.
2. Curation and Review System: This service extends the MovieBloc ecosystem by providing a decentralized curation and review mechanism. Users can curate content, write reviews, and receive MBL tokens as rewards for their contributions. Using smart contracts, this system creates a transparent and community-driven experience for all participants.
3. Creator Support Tools: These tools complete the MovieBloc ecosystem by addressing the need for funding, marketing, and audience engagement. Through innovative crowdfunding and promotional features, creators can raise funds, promote their work, and interact directly with their audience, supporting a unique approach to independent film production and distribution.

These three components work together to create a comprehensive environment where the MBL token serves as the utility token that powers all interactions within the network, creating a self-sustaining and growing ecosystem.

Real Problems MovieBloc Solves (With Examples)

The film and content distribution industry currently faces several critical challenges that MovieBloc aims to solve through its innovative approach:

1. Lack of Transparency and Fair Revenue Sharing
   Filmmakers and content creators often struggle with opaque revenue models and unfair compensation, resulting in limited earnings and lack of control. This issue affects independent creators and small studios, leading to inefficiencies and discouraging innovation. Traditional solutions have failed to address this problem due to centralized control and lack of transparency.
2. Limited Global Accessibility
   Another significant challenge is the restricted access to global audiences for independent films. This problem causes limited exposure and prevents creators from reaching diverse markets. Current approaches rely on traditional distributors, but they fall short because of high costs and regional barriers.
3. Barriers to Entry for New Creators
   The industry also suffers from high entry barriers for new filmmakers, which creates limited opportunities for emerging talent. This challenge has persisted despite earlier efforts because of centralized gatekeeping and lack of funding options.

MovieBloc addresses these pain points through its blockchain-based platform, which enables transparent revenue sharing, global content distribution, and direct creator-audience engagement. By leveraging smart contracts and decentralized infrastructure, the MovieBloc coin provides a comprehensive and efficient solution that transforms how creators and audiences interact with the film industry.

MBL Tokenomics: Supply, Distribution & Your Benefits

The total issuance of the MBL token (MovieBloc) is 30,000,000,000 MBL. The proportional distribution of MovieBloc tokens is as follows:

• MBL Ecosystem (43%): Used to support the growth and sustainability of the MovieBloc platform.
• Team (15%): Allocated to the founding and development team.
• MBL Airdrop (11%): Distributed to users as promotional incentives.
• ONT Foundation (10%): Reserved for the Ontology Foundation, reflecting the platform's technical base.
• MBL Foundation (10%): Managed by the MovieBloc Foundation for platform development and operations.
• Initial Exchange Offering (8%): Sold during the initial public token sale.
• Private Sale (3%): Sold in early fundraising rounds.

Within the ecosystem, MBL crypto serves multiple functions:

• Transaction Fees: Used for payments and transactions within the MovieBloc platform.
• Incentives and Rewards: Distributed to curators, reviewers, and active participants.
• Governance: MBL token holders can participate in governance decisions regarding platform development and policies.

At the time of the initial token launch, a portion of tokens entered circulation, with the remainder subject to a vesting and unlock schedule designed to ensure market stability and long-term growth.

Bottom Line: Is MBL Worth Your Attention?

MovieBloc (MBL) stands as an innovative solution in the digital content sector, addressing key challenges through its decentralized platform and transparent tokenomics. With its growing user base and ecosystem, the MovieBloc token demonstrates significant potential to transform how creators and audiences interact with the film industry.