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Filmstar starts with LCX Filmfonds in crypto format

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According to recent industry reports, Wesley Snipes wants to build a bridge between the crypto world and the film industry. Under the name “Daywalker Movie Fund” (DMF), the Hollywood great wants to launch its own crypto fund. The LCX stock exchange, which is based in the Principality of Liechtenstein, is to be a partner. The trading platform is by no means unknown. In the summer of 2018, we reported on cooperation with Binance, an even more well-known exchange with customers worldwide.

Investors to receive profit sharing and more
The new foundation is certainly not intended to be a competition with Bitcoin, Ripple or Monero. However, the project shows how diverse the application areas of digital currencies are. The actor and LCX are working on the implementation of an investment fund, which is, of course, to relate to the world of film. The total amount of tokenization is expected to amount to USD 25 million in the end, as is currently stated in the specialist media. Snipes wants to finance movies and shows of his own company “Maandi House Studios”. A corresponding security token offering will soon take place on the partner exchange. Snipes himself apparently wants to take over the management of the fund with other experienced experts. Investors who enter the upcoming DMF tokens should benefit from various special treatments and, last but not least, participate in realized profits.

LCX also with plans for own IEO media presentation
Participation in film premieres should be an “extra service” for investors. To a large extent, the fund’s returns are to be reinvested. Almost in parallel with this message, LCX continues to announce that it is not only involved in the token “made in Hollywood”. In addition, the exchange operator intends to issue the LCX token of the same name via the partner platform Liquid. Investors should be able to apply their own currency within LCX’s growing ecosystem. The stated goal is demanding.

The stock exchange wants to become nothing less than one of the first blockchain banks with state license and regulation. In the course of this year, the supplier had already launched several new products and offers – among other things, the so-called “LCX Terminal” started its business. This special tool allows users to trade cryptocurrencies from Ark to Zcash on multiple exchanges with their wallet.

Disclaimer - OBN is an informational website which aims to give the latest blockchain related news to the readers. Articles on OBN should not be considered as investment advice. Trading cryptocurrencies is a high-risk investment, every user is advised to consult an expert before making any decisions.