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The new economic bloc that CMITCOIN will create will promote the sale of a range of content and drive the creation of high-quality content and services. CMITCOIN refers both to a cryptocurrency token offering functionality for the simple and intuitive payment of products and services in Japan, at overseas shops, at flea markets, and at exhibits of new products, and to a wallet application and system allowing for cashless payment using a mobile device. Furthermore, CMITCOIN allows for more than just payment processing and settlement. The solution contains a wide range of functionality designed to support the diverse needs of those engaged in the entertainment space. Please refer to the subsequent section entitled “Detailed description of CMITCOIN functionality” to learn more about all functionality it offers. Here we give an example of one aspect of the economy that CMITCOIN would produce, and how this would change the way people work. CMITCOIN can become a platform that supports the emergence of “distributed” idols who support their career and growth through the crowd. How would that mechanism work? Let us hypothetically say there is a woman who wants to become a celebrity idol. The woman does not have an organization to back her up and promote her, let alone the funds to do so. The simply has the passion and enthusiasm to become an idol and the qualities such a profession would entail. She could launch the CMITCOIN wallet application and pursue crowdfunding in order to raise money to put on a live event. The CMITCOIN wallet application integrates with YouTube, Twitter, and Instagram to allow for sharing/posting photos and video all through a single app. The singers could record footage ofherself and then set a budget needed to put on a live event, or post information about an upcoming event. Users who watch the video would then tip the performer through the use of the CMITCOIN cryptocurrency. A browsing and ranking functionality within the app will allow for conveying that passion to people worldwide in the blink of an eye. If the woman’s enthusiasm resonates with the global community, she will be able to secure the budget she needs. The CMITCOINS she raises can be used directly through the CMITCOIN platform to pay for costumes, studio space, and the live event. Furthermore, users who donated to her could gain special benefits in
the form of opportunities to shake hands with her at the event, and so on. This may sound familiar to you if you are active online, but the difference here is that this exchange would be totally free and done on a decentralized system, with no stakeholders in between, and no one centrally managing the system. This is merely one example of what CMITCOIN would allow. In short, when creators who want to provide a new content or service come together with those who empathize with them and want to support them, a new form of joy and culture is born. CMITCOIN is a platform that will bring people’s passion together and allow them to empathize with each other. It will break down barriers that would otherwise have prevented new cultures from forming. It will allow all content and entertainment creators to make use of the CMITCOIN to produce new professions and forms of culture that never before existed. Instead of fake popularity created by the media and companies, this distributed approach would bring into being a new community in which individuals share their own ideas and mutually support each other. This will in turn create new industries and a new economy. This system has no room for unilateral use of power or capital. Only those works that the community deems as outstanding will be accepted, creating a wonderful world of equity and fairness. The resulting culture that will emerge from CMITCOIN will be a common asset of people today and of great value to us all.
Token Status and Distritribution:
Token allocation (with 50B tokens issued) - Event planning expenses (10%) Used for the Twitter airdrop and various other events and distribution across a range of outlets.
- Allocation to exchange at time of public offer *includes DEX (30%)
- Development (25%) Allocated to application development, server development, upkeep costs, and all other development-related costs. *Lock-up after ICO, followed by setting a fixed rate at which tokens are released into the market. - Investment in content creators and events (10%)
Allocated to content creation and costs for event exhibiting. *Lock-up after ICO, followed by setting a fixed rate at which tokens are released into the market.
- Marketing (15%) The funds will be applied to marketing CMITCOIN and the application. *Lock-up after ICO, followed by setting a fixed rate at which tokens are released into the market.
- Operations (10%) Retained by operations team for operational use.
Website : https://cmitcoin.com/
Whitepaper : https://cmitcoin.com/documents/white_paper_en.pdf