![MBL](https://images.mudrex.com/MBL.png)
MovieBloc
MBL
Watchlist
₹0.22
LIVE
Watchlist
24H Low ₹0.21
24H High ₹0.22
Price of MBL today
The current live price of MBL today is ₹0.22, with a 24-hour trading volume of ₹19,00,31,849.15. Our MBL to INR price is updated in real-time. MBL has seen a increment of 1.25% in the last 24 hours. With a live market cap of ₹3,86,11,99,156.30 , the circulating supply is at 17,901,887,215 MBL coins, with a maximum supply of 30,000,000,000MBL coins.
MovieBloc Price History
Date Comparison | Amount Change | % Change |
---|---|---|
Today | ₹0.002977 | 1.4% |
7 Days | -₹0.01 | 5.75% |
30 Days | -₹0.03 | 10.83% |
1 Year | -₹0.03 | 11.79% |
MovieBloc Price Information
Price Change (1hr)
1.5%
Price Change (24hr)
1.4%
Price Change (7d)
5.75%
MovieBloc Market Stats
Market Cap
₹3,86,11,99,156.30
Fully Diluted Market Cap
₹6,47,06,01,300.97
24hr Volume
₹19,00,31,849.15
9.35%
Circulating Supply
17901887215 MBL
Total Supply
30000000000 MBL
Things to know about MovieBloc
What is MovieBloc (MBL) token?
MovieBloc (MBL) is a decentralized movie and content distribution platform based on the Ontology blockchain. It aims to revolutionize the film industry by creating a transparent revenue share, audience data, and equal screening opportunities for content creators. Viewers have access to a variety of content and are rewarded for contributing to the ecosystem through curation, marketing, and more. The MBL token is used for all payment-related services within the MovieBloc ecosystem, including premium content access, translation, design services, and rewarding users for their contributions.
Tokenomics
Utility:
MBL token is used for payment-related services within the ecosystem.
Distribution:
Total supply of 30 billion MBL tokens.
Gate.io
Startup Sale:
8% of the total supply.
Private Sale:
3% of total supply.
Ecosystem:
43% of the total supply.
MovieBloc Foundation:
10% of total supply.
Team:
15% of total supply.
Ontology Foundation:
10% of the total supply.
Airdrop:
11% of total supply.
Market Data
As of today #{today’s date}, the price of MovieBloc is ₹0.22 INR or 0.002395 USD, with a 24-hour trading volume of 2106783.25 USD. The market capitalization for MovieBloc is 42807085.99USD. The circulating supply is 17901887215 MovieBloc, with the total supply also being 30000000000 MovieBloc.
Token Pros and Cons
Pros:
Decentralized Distribution:
Offers a decentralized platform for movie distribution, reducing the dominance of large corporations.
Transparent Revenue Sharing:
Ensures creators receive a fair share of revenue through blockchain technology.
Community Engagement:
Rewards users for contributing to the ecosystem, such as reporting illegal content and reviewing films.
Partnerships:
Strong partnerships with platforms like
Pandora.TV
and KMPlayer, which have millions of users.
Regular Updates and Community Growth:
Active development with regular updates and strategies for community growth.
Cons:
Competition:
Faces stiff competition from established giants like Netflix, HBO, and Amazon.
Early Stage:
The project is in its early stages, with no alpha version or testnet available yet.
Market Adoption:
Requires widespread adoption for success, which can be challenging in a competitive market.
Regulatory Risks:
As with all crypto projects, it faces potential regulatory challenges across different jurisdictions.
Dependence on Blockchain Technology:
Success is heavily reliant on the underlying blockchain technology and its adoption.
Why Should You Invest in the Coin?
Innovative Platform:
Offers a unique solution to the problems facing the film industry, including distribution and revenue sharing.
Strong Community and Partnerships:
Backed by significant partnerships and a growing community, enhancing its potential for success.
Rewarding Ecosystem:
Provides incentives for various participants, including creators, viewers, and contributors.
Potential for Growth:
The entertainment industry is vast, and MovieBloc’s innovative approach could capture a significant market share.
Blockchain Adoption:
As blockchain technology becomes more mainstream, MovieBloc is well-positioned to benefit from increased adoption.
USP of the Coin
Decentralized Film Distribution:
Unlike traditional platforms, MovieBloc offers a decentralized approach, giving more power to creators and viewers.
Transparent and Fair Revenue Model:
Utilizes blockchain technology to ensure a transparent and fair revenue distribution model.
Community Engagement and Rewards:
Unique in rewarding its community for its contributions, fostering a more engaged and active ecosystem.
Problem the Coin is Solving
MovieBloc addresses the issue of centralized control in the film industry, where a few large corporations dominate distribution and revenue sharing. It aims to democratize the industry by providing a decentralized platform where creators have equal opportunities to showcase their work, and viewers can access a wider range of content. The platform also ensures transparent revenue sharing and rewards community participation.
Founder and Team Background
The project was founded by Chris Kang, Jeffrey Jin, and Peter Kim. While specific backgrounds are not detailed in the provided sources, their leadership has steered MovieBloc towards addressing key issues in the film industry with blockchain technology.
ICO Price
IEO Price:
The IEO price was $0.0012 per MBL during the
Gate.io
startup sale.
Listing Date:
The token sale occurred on 3rd May 2019.
Initial Allocated Units:
2,400,000,000 MBL tokens were sold during the
Gate.io
startup sale, and 900,000,000 MBL tokens were allocated for the private sale.
Risks Associated in Investing in the Coin
High Competition:
Competing against established industry giants with significant resources.
Adoption Challenges:
Requires widespread adoption by both creators and viewers for success.
Regulatory Uncertainty:
Potential regulatory changes could impact the platform’s operation.
Technology Dependence:
Relies on the Ontology blockchain, and any issues with this technology could affect MovieBloc.
Early Stage Risks:
As an early-stage project, there are inherent risks associated with development and market acceptance.
Summary of the Whitepaper
The MovieBloc whitepaper outlines a comprehensive plan to revolutionize the film industry through blockchain technology. MovieBloc aims to address the challenges faced by filmmakers and audiences due to the current industry’s oligopoly and vertical integration, which limits funding opportunities, creates revenue distribution problems, and restricts film distribution. The platform’s mission is to create a decentralized, participant-centric film ecosystem that ensures transparent revenue share, audience data access, and equal screening opportunities for creators while providing viewers with diverse content.
Current Film Industry Challenges
The whitepaper identifies several key issues within the existing film industry structure:
Industry Oligopoly & Vertical Integration:
Major studios and conglomerates dominate production, distribution, and exhibition, limiting the variety of content available to consumers and the opportunities for independent filmmakers to showcase their work.
Limited Funding Opportunities:
Filmmakers are often forced to conform to commercial-centric ideas to secure funding, which stifles creativity and diversity in the film market.
Revenue Problem:
Independent films struggle to secure regular screenings and face unfavorable revenue share agreements with VOD services, while platforms like YouTube require significant viewership for monetization.
Nontransparent Revenue Share and Data:
The lack of transparency in sales reports and audience data hinders creators’ ability to understand and grow their viewership.
MovieBloc’s Solution
MovieBloc proposes a blockchain-based solution to decentralize the film industry and create an ecosystem that benefits all participants, including creators, curators, translators, reviewers, and viewers. The platform’s key features include:
Decentralizing the Film Industry:
By running blockchain-based online festivals and enabling direct interactions between creators and viewers, MovieBloc aims to discover quality movies and talented new creators, ensuring fair compensation and recognition.
Supporting Creators:
Creators are guaranteed up to 90% of the revenue, can set their own pricing and distribution conditions, and benefit from the contributions of curators, translators, and designers to reach a global audience.
Transparent Reward and Data:
Blockchain technology ensures transparent and fair reward distribution based on smart contracts while providing creators with valuable audience insights.
Worldwide Screen:
In partnership with KMPlayer, MovieBloc will deliver films to a global audience, leveraging the player’s extensive user base to reduce marketing costs and increase content accessibility.
Ecosystem and Architecture
The MovieBloc ecosystem consists of three layers: Community (.BLOC), Market, and Fundraising. The Community Layer connects all participants, the Market Layer facilitates the trading of films, subtitles, and marketing materials, and the Fundraising Layer motivates creators through film festivals and donation channels. The platform’s architecture is designed to combine the transparency and security of blockchain with the high performance and scalability of existing services, ensuring a seamless user experience.
Token Economy
The MBL token serves as the currency for economic activities within the ecosystem, including watching premium content, compensating translators and designers, donating to participants, depositing for screen expansion by curators, and rewarding users for contributions such as reporting illegal content and writing film reviews.
Conclusion
MovieBloc’s innovative approach aims to democratize the film industry, empowering creators and providing audiences with a richer, more diverse content experience. By leveraging blockchain technology, MovieBloc seeks to establish a fair, transparent, and participant-centric film ecosystem that addresses the current industry’s limitations and opens up new opportunities for content creation, distribution, and consumption.
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Price as per 11:48 PM • 07 Sep 2024
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What is the price of MovieBloc (MBL)?
The current price of MovieBloc (MBL) in INR is ₹0.22 INR.
What is the current MBL market cap?
The current market capitalization of MovieBloc (MBL) is ₹3,86,11,99,156.30 INR. This value represents the total market value of all coins in circulation, calculated by multiplying the current price of MBL by the number of coins in circulation.
What is the current supply of MovieBloc (MBL)?
The current supply of MovieBloc (MBL) is 17901887215 MBL. This figure represents the total number of coins that have been mined and are currently in circulation.
What is the 24 trading volume of MovieBloc (MBL)?
The 24-hour trading volume of MovieBloc (MBL) in INR is ₹19,00,31,849.15. This figure represents the total value of all MBL transactions across various exchanges within the last 24 hours.
How to Buy MovieBloc (MBL) in India?
To buy MovieBloc (MBL) via Mudrex, simply sign up and create an account on their platform. Proceed by completing the KYC process to verify your identity. Once verified, deposit funds into your account using the available methods. With your account funded, you're all set to start investing in MBL.
Can I buy MovieBloc (MBL) with UPI?
Yes, you can buy MovieBloc (MBL) with UPI on Mudrex, which accepts payments through popular UPI apps like Paytm, PhonePe, and Google Pay, offering a convenient and quick way to invest.
How to Convert MovieBloc (MBL) to Indian Rupee (INR)?
To convert MovieBloc (MBL) to Indian Rupee (INR), you can use our MBL/INR conversion rates in real time.