Australia-based Cinema Startup Launches Own Cryptocurrency to Pay Customers For Watching Movies

  • Alex Dovbnya
    📰 News

    Demand Film announced its plans to launch a new crypto dubbed Screencreds. The coin will be traded on a local exchange NCX. Their business model is quite simple


Australia-based Cinema Startup Launches Own Cryptocurrency to Pay Customers For Watching Movies

Demand Film, a Perth-based movie distributor, has announced its plans to launch a new cryptocurrency dubbed Screencreds on Aug. 21. The coin will be traded on a local exchange NCX.

Their business model is quite simple- customers will be paid in the aforementioned currency every time they make an effort to promote the company’s content. The amount of remuneration directly depends on the number of people that subsequently get involved.

Earlier, U.Today reported about Avalon presenting the first TV miner.
 

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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