You may want to look into copyright / trade mark law if you plan on investing. There is a reason there is no Coca and Ebay coins out there. I tried to find out if this coin has an agreement with Bollywood to use their name. I couldn't find one. Is there one dev? On a side note, Hundreds of coins can be used for goods and services that also eliminate the need for a bank account. You have nothing new there. This looks like yet another money grab ICO. You want 500 BTC and promise nothing? Good luck.
The reason we have created Bollywoodcoin and coinvidz is to build bridges with copyright owners. We are providing them with a platform to display the hard work that was created and lost a long time ago and give them a return of profits that they are losing out on everyday for decades without requiring any additional effort or work from them.
If we infringe on any copyrights, we will instantly remove the content on request of the copyright owner/s.
There is no "Bollywood" to contact to get agreement on any name, the word Bollywood can be used by anyone as nobody has copyrights or ownership to it.
Wiki - Bollywood is the sobriquet of the Hindi language film industry, based in Mumbai India. The term is often incorrectly used to refer to the whole of Indian cinema; however, it is only a part of the large Indian film industry, which includes other production centres producing films in multiple languages.[1] Bollywood is one of the largest film producers in India and one of the largest centres of film production in the world.[2][3][4] It is more formally referred to as Hindi cinema.[5]