FAQs

List of Frequently asked questions about MoVY Platform

What is the MoVY platform?

MoVY is an Innovative platform that is transforming the entertainment industry through the integration of blockchain technology. It introduces an exceptional ecosystem that intertwines a marketplace for entertainment-related assets with an exclusive club for fans, creators, and investors. MoVY facilitates direct fan interaction, project financing, and investment opportunities, fostering a more inclusive and transparent entertainment environment.

What is the MoVY token, and how is it used?

The MoVY token is the exclusive digital currency native to the MoVY platform, enabling seamless and secure transactions within the ecosystem. Users can utilize MoVY tokens for a wide range of purposes, including purchasing movie tickets, unique merchandise, NFTs, and other digital assets. Furthermore, MoVY tokens offer unique investment opportunities in movie projects, access to the exclusive Club, and the ability to stake for additional rewards, adding value and flexibility to the MoVY platform.

How does MoVY benefit Investors?

MoVY provides a unique opportunity for investors to directly participate in high-potential movie projects. With a focus on transparency, the platform offers a clear understanding of how funds are utilized and the projected returns. Furthermore, investors have the advantage of gaining early insights into promising entertainment ventures through the Network Club.

How does MoVY support creators?

MoVY's innovative platform empowers creators by offering them a direct channel for fundraising, allowing them to diversify their funding sources and reduce their reliance on traditional methods. In addition to funding, creators have the opportunity to interact directly with their fans and capitalize on exclusive content, such as behind-the-scenes footage. This dynamic approach not only strengthens the bond between creators and their audience but also opens up new avenues for generating revenue.

How does MoVY benefit fans?

MoVY offers fans an exclusive peek into the world of movies with behind-the-scenes footage, access to movie premieres, and red-carpet events. The platform boasts an on-chain review system that guarantees authenticity by allowing only ticket purchasers to leave reviews. Additionally, fans can engage in various rewarding activities such as quizzes, referrals, and movie reviews to earn MoVY tokens.

What is the MoVY Marketplace, and what can users do there?

The MoVY Marketplace is a dynamic platform that facilitates the exchange of various entertainment-related assets. Users have the opportunity to purchase and sell items such as movie tickets, exclusive merchandise, behind-the-scenes content, and NFTs using MoVY tokens or USDC. One of the standout features of the marketplace is the availability of CinePass NFTs, which offer a range of benefits including complimentary tickets, discounts, and the potential for revenue sharing when staked.

What is the Exclusive Club, and how do I join?

"The Club is an exclusive web3 community tailored for entertainment enthusiasts who are eager to engage with like-minded individuals and gain unique opportunities within the industry. The community offers exciting collaboration prospects, exclusive access to special events, and the chance to be at the forefront of project funding. To join, individuals are required to purchase a non-transferable Club NFT using MoVY tokens. Moreover, membership necessitates an annual renewal, which also needs to be settled in MoVY tokens."

What is the CinePass NFT, and what are its benefits?

CinePass is an NFT available for purchase exclusively on the MoVY Marketplace. CinePass offers users an array of additional benefits, including complimentary tickets to select events, access to exclusive content, discounts on other NFT purchases, the opportunity to earn reward tokens, and the chance to share in the revenue generated on the platform. CinePass NFTs are available in two variations, with options for activation lasting either 6 months or 12 months. Additionally, holders of CinePass NFTs can stake their tokens within the platform, opening up opportunities for even more rewards.

How does project funding work on the MoVY platform?

Members of the club are given the exclusive opportunity to gain early access to upcoming movie projects for funding support. As part of this privilege, they have the option to acquire Funding NFTs linked to these projects. These NFTs can then be staked to earn returns based on the success of the respective projects. It's important to note that these NFTs do come with inherent risks and are accessible only to club members. Furthermore, in the future, members will also have the option to sell these NFTs on the Marketplace.

What fees does the MoVY platform charge, and how are they distributed?

MoVY charges a 10% transaction fee on each NFT purchase and resale in the Marketplace (excluding Club Entry and Renewal NFTs). The platform also charges a 1.5% fee on funds raised through project support initiatives. These fees are used for revenue sharing with CinePass holders and to sustain the platform. These fees will be a subject to change on future DAO voting.