White Paper May 24th,

Transcription

1 White Paper May 24 th,

2 Summary 1.0 Introduction The Main Problems Our Proposed Solution Crowdfunding & Token Details Phases and Roadmap of Legal and Terms + Condition Stats Outro. 23 Dream Comet Studios, LLC

3 KINDLY READ THESE TERMS AND CONDITIONS CAREFULLY AS THIS WILL AFFECT YOUR LEGAL RIGHTS, OBLIGATIONS, WAIVERS, AND LIMITATION OF LIABILITY IN REGARDS TO USING THIS WEBSITE AND YOUR DONATION FOR FUTUREWORKS TOKENS. IF YOU DISAGREE WITH ANY PART, PORTION OR ALL OF THESE TERMS AND CONDITIONS, PLEASE EXIT THIS WEBSITE AND DO NOT DONATE FOR FUTUREWORKS TOKENS. Acceptance of these terms These General Terms and Conditions (hereinafter referred to as the Terms ), and any/all accompanying Policies or additional terms shall constitute a legally binding Agreement between Us FutureWorks Token Owner and any/and all donators and website Users. User consent and understands that by accessing or using this website or donation for FutureWorks Tokens, the User has fully read, understands, and conclusively accepts these Terms and Conditions. DISCLAIMER We cannot and does not guarantee market liquidity for FutureWorks Tokens. By donating for FutureWorks Tokens, You expressly consent and represent that you fully understand that there may be volatility in pricing and will not seek to Us liable for any losses or any incidental, consequential or special damages arising from, or in any way in association with the donation for FutureWorks Tokens. You should carefully consider all technical and consequential risks associated with the donation for FutureWorks Tokens and, to the extent required, consult a relevant lawyer, tax professional or accountant to guide you in the donation process. 3

4 1.0 Introduction FutureWorks.app will solve one of the biggest fears for independent filmmakers, which is finding the budget of a project. Dream Comet Studios, LLC has been around since At first, the company started as a small production company, but over the years it has grown into a full creative house based out of Cleveland, Ohio. Anthony Daniel created a business that only focused on one thing, to create original content. Dream Comet Studios, LLC has made two feature films. Both films are a successful video on demand title, which the budgets of the films were less than $5,000 USD combined and yet still grossed over $100,000 USD overall. In the recent years, Anthony has worked with bigger partners such as Twitch, Redbull, Gravitas Ventures, and even the Wounded Warriors Project. Anthony Daniel invented FutureWorks tokens, which run off blockchain technology using smart contracts. He saw that crypto currency was on the rise and figured out a creative way that will reward donors for helping to create future motion pictures. Overall the years, he has learned about how hard it truly is to follow your dreams. The future is now; we now live in a time where we re all connected somehow. Anthony believes this should make it easier to find your happiness, but still, everyone runs into brick walls every now and then but that is life. If it was easy, everyone will be doing it. Dream Comet Studios, LLC is now the first ever film Production Company that helps rewards its supporters in crypto currency. Anthony Daniel invented a patent-pending film donation blockchain technology that will help support the donors for supporting filmmaking. 4

5 2.0 The Main Problems Three significant issues that independent filmmakers face when crowdfunding: fees, expenses, and an inability to reach the full amount of supporters worldwide. Nothing in life is free, but fees from collecting your donations on crowdfunding platforms have turned into a problem. Most crowdfunding platforms will charge you anywhere between 5% - 10% of your total funds raised and payment processing fees of 3% - 5% plus $ $0.30 USD per a pledge. That might not seem like much, but that all adds up and takes away from your project s funding. If you don t bank in the United States of America the rates are higher plus transfer fees. Check out more details by visiting this great article posted on WalletHub, link 5

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7 The whole process above will also hold your funds that may last up to 7-21 business days to collect your funds raised by supporters. Fees add up and will take away from your overall budget, which will make the creator have to make harder choices in the creative stages. Next, when you finally get your funds that you ve raised on a crowdfunding platform you will have to take some funds out to put towards expenses like a t-shirt, DVD, posters, and shipping of those items to donors. Any filmmaker knows that you will have a ton of expenses to create a motion picture and bring it to life, so money is already tight. You have to pay for things during pre-production, production, and post-production. Surveys tell us that donors want to feel more involved when they support a film project. Lastly, your crowdfunding should reach the world and not be limited. Most platforms will charge donors that are out of United States another fee to process their donation. Its hard marketing your crowdfunding campaign since you will need a budget to put together a marketing plan. Donations don't come easily since it s all about word of mouth or posting your campaign on social media nowadays. Since everyone is connected somehow, we would believe collecting donations would be easier, but it s not. You will hear about the successful campaigns that raised their goal, but after researching we ve found that a lot of campaigns overall fail on major crowdfunding platforms. If you want to have a better chance you will need to spend more money and for independent filmmakers that is troublesome. You will need to hire a PR firm to help you collect donations worldwide, which is rough enough for average production companies to afford. 7

8 3.0 - Our Proposed Solution Our blockchain architecture down below will go over in full details how our new blockchain technology will process. We also will launch our own FutureWorks platform in Figure 1: Donor, so any individual or group that would like to show their support may. Figure 2: FutureWorks.app, which is the platform that will oversee the server platform, blockchain technology, and FutureWorks token supply. They will also be in charge of the operations and functions of the FutureWorks.app platform. This platform is owned by Dream Comet Studios, LLC. Figure 3: The server platform is a decentralized platform which will handle the blockchain technology and smart contracts. 8

9 Figure 4: Blockchain Technology will run the custom built smart contracts. This process will handle issuing FutureWorks tokens and can move value around and represent the ownership of property. Figure 5: FutureWorks tokens was created by Dream Comet Studios using our film donation blockchain. Tokens are gifted to donors and supporters for their donation to help create stories through motion pictures. Figure 6: Project's Budget is where the film production company funds will be going to, so it will help create any future film projects. Figure 7: This is the process of where funds will be going to for any project made under the film production company. Figure 6 will determine Figure 7. Figure 8: Final film projects will be sent off to festivals, showings, and any other means to get distribution deals (figure 9). Figure 9: Distribution deals is when the final projects are distributed to the world. Gross Profits will have to be split. A fixed percent will be donated back into Figure 5 to ensure the future of the film donation blockchain. Figure 10: Cryptocurrency exchanges will be able to help create more funds for future projects. Film donation blockchain is structured to prevent a "pump and dump". This process gives supporters another way to help support the cause of making motion pictures without having to handle the details of making a film. Figure 11: Partnerships is a form to grow the film donation ecosystem. This will help improve the overall of the self sustaining throughout the blockchain. 9

10 Anthony Daniel wants to ensure that original motion pictures keep getting made together as a community. He formed a new blockchain that will change the game of crowdfunding for films for years to come by creating FutureWorks tokens. Our proposed solution for fixing the main problems is by using our film donation blockchain technology. What is blockchain technology? It is a distributed, decentralized database technology that maintains a growing list of transactions and, through encryption and other activity, verifies their permanence. It s also a self-auditing ecosystem, which pretty much means it s incorruptible. The blockchain technology brings the highest degree of accountability. FutureWorks tokens are an ERC-20 token. We will be running on the main network of the Ethereum blockchain, which has been around since Image Credit: Financial Times 10

11 Dream Comet Studios, LLC will gift donors FutureWorks tokens for their support. The summary of our plan is that the true value of the tokens will increase or decrease based on how well the projects do. Another factor of how well the tokens will do is based on the cryptocurrency exchanges. We ve created a structure to keep balance and to enforce responsibility. Dream Comet Studios, LLC will maintain FutureWorks tokens. What makes this token worth keeping is that any title made under FutureWorks will have to donate a fixed percentage of its profits back into the token supply quarterly starting in phase three (~Q4/2018 Q1/2019). Our FutureWorks.app platform will be set to be released early 2019, but will show a live preview during our IDO. We want to keep this all modest. When we do well, you do better. It s that simple. The future is here for the blockchain technology. Digital revenues overall grew by 17.7% to $7.8 billion USD, drive by a sharp 60.4% growth in streaming revenue, which is the largest growth in 8 years. We live in a digital age now, so it s time we collect donations the same way. A decentralized trust and reputation system working flawlessly together through a Blockchain based reward eco-system that thanks donors for their support and creates motion pictures. What is not to love? 4.0 Crowdfunding & Token Details Our Crowdfunding had to be structured like an ICO, but we believe it to be the very first IDO (Initial Donation Offering). Our IDO campaign will run from July 16 th, 2018 to August 30 th, We will be gifting a FTW token for every $0.03(0-10 days), $0.07 (10-30 days), and $0.10 (30-45 days) that is collected through donations for our year one slate of titles. 11

12 Example: Donor donates $100 of ETH which will earn the supporter a gift of around ~3,333 FTW tokens for the first 10 days of our IDO and the amount of tokens you will be gifted will change depending on which day it is of our IDO and so on. Those funds collected will be going into a fund, which will help us fund our first year s slate of titles, which will then donate a fixed percent of their gross profits quarterly back into our token supply for a fixed set of time. The token allocation is setup as following; Public Donors 420,000,000 This is the amount that will be gifted out to Supporters Budgets 300,000,000 This is the amount that will help jump start our year one of titles Founders 200,000,000 This is the amount that will be sent aside for our Founders - Support 80,000,000 This amount will be used to collect supports for FutureWorks. FTW tokens that are gifted out will have to have a KYC form filled out 12

13 before the FTW tokens can be sent to an ERC-20 compatible Ethereum wallet. Please do not use an exchange wallet address. Your tokens will be lost. FutureWorks token has the symbol of FTW. The token is an ERC-20 with custom coding to ensure the safety of our tokens. This is NOT a security token since we do not accept investors nor sell tokens. The max supply of FTW is set to 1,000,000,000. Smart Contract address: 0x5AB468e962637E4EEcd6660F61b5b4a609E66E13. Keep an eye on it in Etherscan.io. 13

14 5.0 Phases and Roadmap of 2018 PHASE 1: PRE-COLLECTIONS AND GENERATING SUPPORT FROM THE COMMUNITY Goal: We will be open to collecting donations from the crypto community to gather funding to fund future motion picture projects. At the end of this phase, we will use only 30% of the value to put towards projects. At the end of this phase we will be listed on 2-3 crypto exchanges to jump start our eco-system. Time: 01/29/2018 to 08/30/2018 (~Q1/2018) PHASE 2: DEVELOPMENT AND PRE-PRODUCTION Goal: Start using funds to develop our first year s slate of projects from the JumpStart program. We ensure that one title will be made under FutureWorks tokens in The token will also be listed on more crypto exchanges (~10 14 crypto exchange). Time: 08/30/2018 to 10/30/2018 (~Q2+Q3/2018) PHASE 3: OUR RELEASES AND YOUR REWARDS PHASE Goal: At this point in time, we will have released our first project that used FutureWorks tokens. The token will only be listed on the top eight crypto exchanges that it has performed the best on. This is set to be the phase where the project will donate a fixed percentage of its profits back into the token supply. Lastly, at the end of this phase we will release our FutureWorks.app platform to the public. Time: 10/31/2018 to 02/01/2019 (~Q4/2018 Q1/2019) 14

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16 ROADMAP OF 2018 JANUARY 2018 = Pre-collections & Generating support for FutureWorks. FEBUARY 2018 = Design the platform and functions for FutureWorks platform. MARCH 2018 = Donors from our pre-collection will have their FTW tokens sent to their ERC-20 friendly wallet. APRIL 2018 = Announce our plans for the year one slate of titles. MAY to SEPTEMBER 2018 = Official submissions open to help find our year one slate of titles. Five titles will be picked to represent our platform. Preview of FutureWorks.app platform. Funds that are collected from our pre-collections and IDO will be going into the Pre-Production, Production, and Post- Production of those 5 projects. OCTOBER 2018 = Set to release our first project worldwide. NOVEMBER 2018 = Finish 60% of post-productions for the remaining year one slate of titles. DECEMBER 2018 = Start finalizing our official FutureWorks.app platform. Start seeing returns from first year slate s project. FEBURARY 2019 = Open our FutureWorks.app platform to the whole World. 16

17 6.0 Legal and Terms + Conditions General Information FutureWorks token does not have the legal qualification of a security since it does not give any rights to dividends or interests. This is not a sale of FutureWorks tokens. Any donation donated to us is final and non-refundable. FutureWorks tokens are not shares and do not give any right to participate to the general meeting of FutureWorks. FutureWorks tokens are gifted to donors as a special thank you for their support in our cause. The Donors of FutureWorks tokens is aware that national securities laws, which ensure that investors are sold investments that include all the proper disclosures and are subject to regulatory inspection for the investors protection, are not applicable. JumpStart program users will be sent a final agreement if they accept, they will be able to test the beta stages of the platform and start raising funds for their projects before anyone else. We will offer their project in the Spotlight during the showing early September, *Anyone donating to our cause expressly acknowledges and represents that she/he has carefully read this white paper and fully understands the risks, costs and benefits associated with their own donation. Knowledge Required The donors of FutureWorks tokens undertakes that they fully understand and has significant experience of cryptocurrencies, blockchain systems and services, and that she/he understand the risks associated with crowd donations as well as the mechanism related to the use of crypto currencies. All users that have a registered account on or have to accept these terms and conditions in order to have their account in good standing. If your account goes in bad standings then you will be on the platforms Watch List. TERMS AND CONDITIONS KINDLY READ THESE TERMS AND CONDITIONS CAREFULLY AS THIS WILL AFFECT YOUR LEGAL RIGHTS, OBLIGATIONS, WAIVERS, AND LIMITATION OF LIABILITY IN REGARDS TO USING THIS WEBSITE AND YOUR DONATION FOR FUTUREWORKS TOKENS. IF YOU DISAGREE WITH ANY PART, PORTION OR ALL OF THESE TERMS AND CONDITIONS, PLEASE EXIT THIS WEBSITE AND DO NOT DONATE FOR FUTUREWORKS TOKENS. Acceptance of these terms 17

18 These General Terms and Conditions (hereinafter referred to as the Terms ), and any/all accompanying Policies or additional terms shall constitute a legally binding Agreement between Us Dream Comet Studios, LLC and any/and all donators and FutureWorks.app Users. *User consent and understands that by accessing or using this website or donation for FutureWorks Tokens, the User has fully read, understands, and conclusively accepts these Terms. Our Provisions I. We reserve the right to refuse your donation for FutureWorks tokens to anyone for any reason at our sole discretion. II. We reserve the right to change, amend, alter, supplement or modify this Agreement at any time with or without prior notice to you at our sole discretion. III. We furthermore reserve the right, at our complete discretion and at any time to modify or to permanently or temporarily eliminate, or suspend the Website, and/or deny access to the Website at any time for any reason. IV. By accessing or using this Website and participating in the FutureWorks Token Donation, you represent and warrant that: You are at least 18 (eighteen) years of age and legally able to enter into this Agreement with Us without violating any agreement, laws or order by doing so; You are not donating for the FutureWorks Token or exchanging any crypto currency for FutureWorks Token for the purpose of speculative investment; and You are not a resident or a citizen of a geographic area in which use of the Website or donation for the FutureWorks Token is prohibited by applicable law, regulation, treaty, administrative act or decree. You will have to hold onto your gifts from Pre-Collections until August 30 th, Account users on FutureWorks.app will be able to use their FTW tokens on our platform Or trade them away on the exchanges. You fully understand that your donation is to support the making of projects through FutureWorks.app. 18

19 INDEMNIFICATION To the extent permitted by applicable law, you shall defend, indemnify and hold us and/or our affiliates, directors, subsidiaries, employees, agents, successors, permitted assignees and officers harmless against and from any and all damages, losses, claims, actions, suits, proceedings, demands, liabilities and/or expenses, as well as attorneys fees incurred by any third party against the Us arising out of your breach of any representation, obligation or warranty, hereunder. Or against Us for our failure to carry out any of our obligations under this Agreement as a result of causes beyond our control, including but not only any strike, shortage of labor or materials, delays in transport, lockout, hacker attacks on the Website or any mechanism which have any relation to FutureWorks Token Donations LIMITATION OF LIABILITY AND WARRANTY DISCLAIMER Any and all donations for FutureWorks Tokens are final and non-refundable. By donation for the FutureWorks Token, the User consent and agree that neither Us nor any other of its affiliates will provide a refund. JumpStart program is to give early access to content creators and filmmakers. Dream Comet Studios, LLC will hand pick a selected few to be added onto the year one s slate. This does not mean your project will get made or you will reach your goal, but it will increase your chance of growing exposure. Throughout this document you will review the terms and conditions for JumpStart which will be listed below. For information and materials you submit through our Creators portal or JumpStart program or otherwise provide to FutureWorks via our platform that is not subject to the terms of a license agreement with Dream Comet Studios, LLC (a Submission ), you otherwise grant Dream Comet Studios, LLC and its affiliates a non-exclusive, royalty-free, perpetual, irrevocable license to (1) use, copy, distribute, transmit, make available, publicly display, publicly perform, reproduce, edit, adapt, modify, translate, reformat and create derivative works of your Submission in connection with the FutureWorks.app platform, and (2) sublicense these rights, to the maximum extent permitted by applicable law. Dream Comet Studios, LLC may remove your Submission at any time. For each Submission you provide, you represent that you have all rights necessary for you to grant us the rights provided in this section. When copyright disputes do arise on our platform, FutureWorks (they're rare, but they might happen), we handle them in accordance with the Digital Millenium Copyright Act of To avoid unnecessary disruption, projects in question are typically removed from public view but are not immediately canceled. This keeps pledge authorizations and lines of communication intact, and leaves room for project recovery where appropriate. The procedure is outlined in detail on our Copyright and DMCA Policy page. 19

20 Furthermore, FutureWorks.app and FutureWorks token are provided on an as is and as available basis and without any warranties of any kind, either implied or expressed. You accept all responsibility and liabilities with respect to your access and use of the Website and donation for any amount of FutureWorks Tokens. Dream Comet Studios, LLC does not offer any business advice. Dream Comet Studios, LLC is not a financial institution. DISCLAIMER We cannot and does not guarantee market liquidity for FutureWorks Tokens. By donating for FutureWorks Tokens, You expressly consent and represent that you fully understand that there may be volatility in pricing and will not seek to Us liable for any losses or any incidental, consequential or special damages arising from, or in any way in association with the donation for FutureWorks Tokens. During our Live Preview of FutureWorks.app, five users will be handpicked by Dream Comet Studios, LLC to test the platform. The users will have to agree to donate a fixed percentage of their gross profits from their project that was used on FutureWorks.app platform back into the FutureWorks token supply for 12 months starting the release of their project. You should carefully consider all technical and consequential risks associated with the donation for FutureWorks Tokens and, to the extent required, consult a relevant lawyer, tax professional or accountant to guide you in the donation process. KYC STATEMENT Know your customer ('KYC') is the process of a business identifying and verifying the identity of its clients. You will be required to upload different means of identification as applicable to your details to verify your account and to comply with anti-money laundering regulations that govern our platform. 20

21 7.0 - Stats TV and video revenue worldwide in 2015 was around 286 billion USD. It is projected to be around 324 billion USD in the year The total employment in the United States for motion picture and sound recording industries from 2001 to 2017 has increased from 384,000 to 421,000. The future of digital sales for motion pictures will increase as we move forward. Monthly time spent with video on demand (VOD) content per capita in the United States from 2011 to 2015 has increased as well. What is more interesting is that subscription video on demand has skyrocketed. 21

22 The number of digital video users worldwide is expected to rise from 473 million which was studied in 2015 and now that is projected to be over 800 million in Rentals or Subscription based services such as Netflix, Hulu, and Amazon Prime Instant Video are expected to account for 30 percent of this total. 22

23 8.0 - Outro In closing we ve shared with you a ton of important information. You ve learned about FutureWorks token and the platform we wish to make, which was created by Dream Comet Studios, LLC under current CEO Anthony Daniel to help raise funds for motion pictures. Overall, we wanted to create a new way of rewarding donors for all of their support in helping create future projects. We figured out the main problems for independent filmmakers and we ve created a solution that we truly believe will change the industry for years to come. Anthony Daniel has invented Dream Comet Studio s film donation blockchain in hopes of making sure its donors feel involved and rewarded for their support to our cause. Our end goal is to create original content for our audience and we believe FutureWorks tokens can ensure us in doing so. Stats do show that this industry is far from dying and over the next few years we plan to do what we love with your support. Remember, we will always try our best. When we do well, you do better. It s that simple. Now, let s create some art! 23