Re: 🔴 🔴 🔴 📽 THE FILMGRID DIARIES 🎬【 CHRONICLES OF AN ICO 】 🎬 🔴 🔴 🔴
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20190630 | PUBLIC TOKEN PRESALE
Given the fact our project is a zero marketing budget, we have relied in a Bounty Campaign and presence in our Social Networks to let the project to be known, unfortunately we haven't manage to spread the word as much as we would have liked. Therefore, we feel a change has to be made now that we are going to engage in the Public Token Presale, but cannot make drastic changes since that would affect those who have already put their trust in us, either by contributing or participating in the bounty campaign in exchange for tokens.
There was three options:
1. Keep the planned presale dates.
2. Extend the presale dates.
3. Postpone the presale.
Each of them came with their own consequences, we opted for number two, extending from July 1st - 31st, to July 1st - Aug 31st.
By extending the date, we can have more time to reinforce the project approach to the people, adding a whole other set of activities that I will discuss in further log entries.
The first thing to do was to make a new Smart Contract, with the new dates information; this won't invalidate the transaction that have already happened in the previous contract, since the token contract remains to be the same, and purchased tokens have already been delivered. Modifications were easy to made and after registering it in the blockchain we have the following new address for it: 0x2f87a4e55be29cff299583ac8bfb121aa2713739
Also the new amount to be distributed was minted and added to the wallet that hold the funds.
HOME TICKET
It works as a movie rental for titles available in the Screening Sale in The Billboard. Contrary to the previous modes, the user does not obtain playback keys that allow them to see the films in perpetuity, but rather, in exchange for a ticket, they obtain the right to play and watch of the film for 48 hours from the moment of payment.
During this period, the user will be able to play the movie as often as they like in any compatible device. The ticket price will be set in a similar way to the Screening Sale, using a fixed ticket price per minute of movie.
If crowdfunding does not reach the hard top, how to deal with the remaining tokens? Is it destroyed or distributed to investors? ?
Unsold tokens from each sale, automatically pass to the next sale. In the event that after the Token Sale Round 2 (or Phase II) is over, there are still remaining tokens, these will be burned, in order to not affect the value of already distributed tokens.
