August 16, 2018 – VIENNA – Qravity, a media production and distribution platform that offers decentralized creative teams royalties for making movies, video games, music, and other forms of premium digital entertainment, is pleased to announce the launch of its token presale.
This stage of the Qravity ICO will take place from August 18 to 31, 2018. During this period, presale contributors will receive 30% bonus QCO, the token that drives the Qravity ecosystem.
“Today’s media distribution processes are broken and unfair to creatives,” says CEO David Brandstaetter, “We built Qravity to help producers find, manage, and pay the talent they need to bring their amazing ideas to life. In addition to advancing the development of our operational platform, this token sale will also enable consumers and distributors to acquire QCO they can use to fund and purchase top-quality original entertainment.”
Qravity ensures that producers and creators own and profit from their work. Integrated smart contracts record project progress and ownership stakes for secure, transparent profit-sharing. The platform also features a full suite of project management tools, and a virtual marketplace where consumers and distributors can purchase exclusive Qravity content.
The Qravity team recently announced token incentives to augment QCO utility, including:
A platform mechanism that covers project startup fees, QCO Boost enables Qravity community members to pre-purchase product “distributions” (i.e. content license purchases, downloads, and streams) before project completion. At the same time, it provides project founders and creatives with advances against future QCO royalties.
Prepaid Content Creation Pipeline
Project founders will have the option of using the Qravity platform to create short films and other small prepaid projects that creatives can complete swiftly. These projects will require a deposit of enough QCO to pay creatives up front. This gives creatives the opportunity to earn QCO quickly through the platform.
Discount or free content for QCO holders
Consumers can save up to 20% on future Qravity content simply by holding QCO in their accounts. On top of this, they can get one free movie per month for every 100,000 QCO they hold in their wallet (amount subject to change).
Founded in 2016, Qravity is a team of innovators dedicated to helping creative visionaries produce, distribute, and profit from, original premium digital entertainment, including movies, video games, and music. The platform uses virtual tokens on the Ethereum blockchain to track digital content creation, distribute project stakes among creative team members, and bring Qravity-produced content directly to market. Blockchain technology makes the platform’s transactions transparent in terms of revenue, product distribution, and profit sharing. Generally speaking, Qravity improves collaboration and eliminates obstacles as producers and creators conceive, develop, and distribute unique content that consumers crave.
Tel: +43 1 512 20 53
Qravity QCO GmbH
Kärntner Ring 17/22 A-1010
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