Veteran Hollywood filmmakers Ben Rosenblatt and Micho Rutare launch $FLIX, a novel crypto-token, in order to reinvent how independent films are financed, produced, and distributed. 

Their company American Meme will leverage $FLIX to raise capital for a slate of indie films that appeal to both film and crypto enthusiasts. A fee on each transaction goes directly to a “film wallet,” and the team has committed to investing 75% of film wallet funds in production and only 25% in marketing and publicity. Profits from film sales, distribution, and licensing will be used to buy back $FLIX, which will make the token deflationary, in order for its relative value to continually increase.

In addition, token holders will receive exclusive access to cast and crew chats, behind-the-scenes invites, votes on creative decisions, premiers and parties, and provide input on the film slate. The founders envision a growing, robust community of crypto and film enthusiasts who can invest in indie filmmaking both financially and creatively. 

“Hollywood is once again evolving and the most powerful voices can come from outside the town. The filmmaking and crypto communities are incredibly engaged and powerful. We want their help in creating the next hit movie,” says co-founder Ben Rosenblatt, a producer of Snowpiercer, Star Wars and Star Trek films and series. “We want to foster the next great wave of popular, original independent cinema. We’re tired of corporate gatekeepers determining what movies get made. It’s time for a shift, and we think these new cryptocurrencies and blockchain technologies are the keys to shifting power back to the people through decentralized film finance.” 

“There is limitless potential for what Web 3.0 technologies can bring to the entertainment industry,” says co-founder Micho Rutare, a veteran writer, director, and creative executive responsible for the Sharknado franchise. “We’re talking vertical, decentralized filmmaking. Our token holders help us decide what to make, help us finance projects, and get first access to all the rewards, all while holding an appreciating asset. This unlocks new forms of media distribution and more room for artistic freedom. We, collectively, can decide what gets made. That’s an incredibly exciting prospect compared to the current status quo.” 

While their short-term goal is to increase awareness of the coin and their medium-term plan is to produce films seeded by $FLIX revenue, Rosenblatt and Rutare have a long-term vision for the token: to become the paramount medium of exchange for filmed entertainment transactions, both in the traditional theatrical business and also in the metaverse. Rosenblatt and Rutare believe this financial innovation will create a robust ancillary revenue stream for the industry, liberating filmmakers from the tyranny of the corporate bottom line. 

The $FLIX token is now live and available for purchase on Uniswap. The next iteration of growth will use the initial funds to build a production slate and list the token on larger exchanges.

About $FLIX Token:

$FLIX is a cryptocurrency for filmmakers and movie lovers designed to revolutionize film financing. The filmmakers’ mission is to change how independent filmmaking is financed, produced, and distributed through new crypto and Web 3.0 technologies. For too long, Hollywood has been closed to outsiders. $FLIX champions independent film by raising capital, investing in novel ideas, and leveraging blockchain transactions to fund movie projects from its proprietary token. 

Filmmaking and the token support each other by reinvesting the profits back into the currency to fund further projects. Our community of token holders supports each project by voting on aspects of each project. The novel approach to filmmaking flips the script on film finance, production, and distribution, fueled by new crypto and Web 3.0 innovation.

About Ben Rosenblatt:

Ben Rosenblatt is a producer of films, series, and short media. Ben serves as an Executive Producer of the TNT/Netflix series, Snowpiercer, which is now in its fourth season, and The Alienist, for which he was Emmy nominated. Ben is also a producer on the forthcoming series Let The Right One In for Showtime and Tokyo Vice for HBO Max.  Previously, Ben spent six years at J.J. Abrams’ production company, Bad Robot, where he helped produce feature installments of the Star Wars, Star Trek, Mission: Impossible, and Cloverfield franchises.  Additionally, Ben has co-produced independent films Small Town Crime and Fatman, Paramount Animation’s Wonder Park, Google’s Youtube series Moon Shot, and has produced ads for Esurance, THX, and Win America Back…PAC, which Ben co-founded.  Ben lives in Los Angeles where he co-runs the production company American Meme.

About Micho Rutare:

Micho Rutare is a Los Angeles-based writer, director, and producer. While working as head of development at The Asylum, Micho oversaw the inception and development of the Sharknado movies, as well as over 100 other feature films, including DEAD 7, which he produced with Nick Carter of The Backstreet Boys. Micho has written, directed, and produced features and episodic content for Syfy, Lifetime, MTV, YouTube Red, and Sony Home Entertainment. Micho is a co-founder of the Win America Back…PAC and produced viral anti-Trump ads for the 2020 election. Micho is a Rwandan-American and a sixth-generation Michigander. Micho currently lives in Los Angeles where he co-runs the production company American Meme.

NDZ.io, the decentralizedsocial trading platform, is set to release its industry-first platform staking feature in May 2022. 

FNDZ Staking is a mechanism that will give holders ofFNDZ‘s native token, FNDZ, the opportunity to earn a portion of fee-based revenues generated by the copy trading platform. The FNDZ Staking contract is unique to decentralized finance (DeFi) platforms and rewards $FNDZ token holders in multiple tokens, allowing participants to earn large and small-cap tokens at the same time. 

Introduction to FNDZ

Over the past year,FNDZ has emerged as one of the top copy trading platforms on the entire Binance Smart Chain ecosystem. Copy trading is essentially a trading method wherein individuals automatically copy the positions opened and managed by other selected traders. 

FNDZ intends to be the bridge between beginners and experienced traders. The platform allows crypto-newcomers to copy the trading strategies of seasoned traders in return for a fee. FNDZ uses a combination of smart contracts and DeFi technology to make copy trading much more transparent, with all fees and results visible to investors at all times. With this, FNDZ aspires to accomplish two things; improve the profit margin of novice investors, and reward skillful traders by monetizing their trading advice. 

The FNDZ platform is non-custodial, giving users full control over their private keys and personal assets. Investors deposit stablecoins into a smart contract vault, which allows traders to open and close positions on their behalf, without ever having direct access to their assets.

The platform has over 30 assets available for trading, including some of the top launches of 2021, such as Solar (SXP). 

The addition of FNDZ Staking will add another utility feature to FNDZ, along with providing additional cost-free value for its holders, through a mechanism not available on any other copy trading platform. 

What is FNDZ Staking?

FNDZ Staking is one of FNDZ’s initial flagship value propositions. It allows FNDZ holders who stake their tokens through the FNDZ staking dashboard to receive multiple project tokens from fee-based trading revenue.

This is in addition to receiving FNDZ staking rewards and access to a greater share of performance-fee revenues for traders.

Through its asset program, FNDZ provides blockchain startups with valuable listing services and access to a large pool of potential investors.

In exchange for its services, FNDZ receives a number of tokens from these projects. With the launch of FNDZ Staking, FNDZ will distribute a portion of these tokens to the FNDZ holders participating in its staking program. 

How does FNDZ Staking work?

Starting in early May, users will be able to place their FNDZ tokens into a staking contract with weighted rewards. This means the amount of FNDZ staked is measured as a share of the total staking pool, with a larger input equalling a bigger return.

What makes FNDZ Staking special is that rewards are generated from the returns of cryptocurrency vaults, and therefore the performance of experienced traders. The performance of FNDZ vaults is measured in a variety of altcoins. When the performance fee is collected, the altcoins are sent directly to the staking contract and paid out as rewards. Participants can stake their $FNDZ tokens and passively earn a diverse set of altcoins, in addition to regular FNDZ token rewards.

FNDZ will also introduce additional crypto indexes, providing algorithmic trading services to investors. 

What’s an Index vault?

Indexes are computer-based trading systems that are programmed to do certain tasks with little or no human intervention. In the world of cryptocurrency trading, crypto indexes automate the work of trading cryptocurrencies on behalf of the investor. They are used to rebalance portfolios as asset prices change and to amplify trading profits.

FNDZ has developed a unique index trading system that uses artificial intelligence to execute buy and sell orders based on market cap weighting. 

Each index vault has a particular theme or focus: top 10 DeFi-coins, top 5 altcoins, and top altcoins in a given market segment, for example.

With the addition of Index vaults, FNDZ now offers a comprehensive suite of trading services to meet the diverse needs of the DeFi trading community.

To participate and take advantage of FNDZ’s new staking opportunity, please refer to the following links:

FNDZ on PancakeSwap.

FNDZ onAscendEX.

Find more aboutFNDZ.

About FNDZ

The FNDZ’s motto is “DeFi copy trading made simple.” The FNDZ platform is a DeFi copy trading solution that enables copy/social trading from a truly decentralized perspective. DeFi, short for decentralized finance, is a financial infrastructure consisting of blockchain-powered smart contracts and protocols which collectively carry out the same functions traditionally handled by brokers, bankers, and financiers. FNDZ uses these tools to provide a fully transparent, low-cost, highly efficient, and user-friendly copy trading experience. 

Borderless financial platform Gluwa announced the launch of its second investment product – The Lottery Account. This new investment product is a no-loss lottery-style stablecoin account where users can deposit their sUSDC-G (Gluwa’s sidechain-native USDC) into a collective liquidity pool and have the potential to win the entire combined interest accrued, while all participants principal remains redeemable at any time. 

The Lottery Account from Gluwa follows the OpenFi (open finance) model, whereby interest is earned through debt financing deals from real-world transactions off-chain. To participate in this investment vehicle, users must deposit the funds on or before the designated cutoff time to be eligible for the daily prize draw every 24 hours. 

As part of the daily draw, users will stand a chance to win all the interest earned in the prize pool every day. This draw is designed to follow the existing format style of lotteries, meaning there are no guaranteed winners, and the prizes will be rolled over to the subsequent draws, thus expanding the prize pool over time. The unique structure of the product presents a “gamified prize savings” option for Gluwa Invest users as they keep their principal investment, even if they don’t win the prize draw.

A total of $1 million worth of sUSDC-G investment cap will be initially set at launch. Users will be limited to depositing a maximum amount of $50,000 in sUSDC-G into their respective accounts to ensure inclusiveness and fair chances for everyone. The more a user deposits, the higher their chances of winning. In this context, each additional dollar deposit is equivalent to an extra ticket, thereby increasing the chances of winning. Furthermore, there is no fixed lockup period on the deposited funds, granting users the flexibility to withdraw their funds at any time. 

To celebrate the launch of the Lottery Account, Gluwa will be boosting the inaugural prize pool with an additional $250,000 sUSDC-G. This will increase the size of the daily prize up for grabs, while not reducing the users’ odds. Gluwa intends to run this promotional prize boost campaign for the next few months to attract new users.  Whoever wins the first-ever Lottery Account prize draw, will also win a massive 3000 CTC bonus prize.

Brendan O’Toole, Head of Product (Invest) at Gluwa, notes, “This has been a challenging but exciting product to bring to market. Think PoolTogether but instead of generating yield from DeFi protocols like Aave or Compound – we are harnessing the power of #OpenFi by bridging our crypto ecosystem with real-world off-chain opportunities to offer our users a chance at winning big in a low-volatility environment. With its no-loss lottery-style underpinning, users have everything to gain and nothing to lose.”

For more details: Lottery Account Explainer

Hashstack Finance officially announces the public testnet launch of its Open Protocol, the first ever DeFi lending protocol to offer non-custodial, secure under-collateralized loans. With this, DeFi users will be able to experience first-hand how to get the maximum value out of their collateral when borrowing. This is expected to boost the economic activity in the DeFi space.

Hashstack’s Open Protocol is the only product today that enables under-collateralized loans up to 1:3 collateral-to-loan ratio. It means you can borrow up to $300 by providing only $100 as collateral. Of this, you can withdraw $70 (i.e. upto 70% collateral), while utilizing $230 as in-platform trading capital. 

To further the utilization of $230 locked within the protocol as trading capital, Hashstack has developed a novel mechanism that enables eternal scalability of storage and logic of smart contracts; a significant improvement over the current industry standard EIP 2535. Hashstack’s team will submit an Ethereum Improvement Proposal (EIP 9000) to help foster secure and upgradeable smart contract development. It will allow Hashstack to integrate as many dApps with the Open Protocol as possible without the need to change the smart contract addresses, thus expanding the ways users can utilize the amount locked within the protocol.

“Our public testnet has attracted over US$5 million in total value locked (TVL) immediately after going live. The public testnet release marks a significant accomplishment in Hashstack’s roadmap as we prepare to launch the Open Protocol mainnent later in the second quarter of 2022,” commented Hashstack Finance founder Vinay Kumar.

Thanks to the dedicated preparation and execution from the development team, the Open Protocol’s public testnet brings a plethora of features and improvements including:

• An improved user interface.
• A hybrid access model to improve stability. The new model is a combination of base interest rate summed with an algorithmic determinant kept constant for 3-7 days.
• Switching from the centralized backend to a decentralized blockchain to boost transparency.

While the current DeFi lending protocols require over-collateralization, Hashstack is proud to give borrowers a glimpse into the future of DeFi lending. Whether you need to borrow for personal cash needs, leveraged investments in IDOs, or trading capital, Open Protocol facilitates instant under-collateralized loans. 

To accelerate the growth of DeFi lending, Hashstack’s Open Protocol eliminates inefficiencies from the DeFi ecosystem through a three-pronged approach:

• Clear compartmentalisation of APY and APR of deposits/loans with that of their minimum commitment period (MCP)
• Effective asset utilization through diversification of available assets via lending and providing trading capital
• Under-collateralized loans

Hashstack integrates with other DeFi solutions such as Pancakeswap to facilitate in-app market swaps and to improve loan utilization. It means the borrowers can swap the borrowed tokens into other primary coins or secondary coins without the need to switch the dApp. Open Protocol also bridges assets from other chains such as Ethereum and Avalanche C-chain as an expansion of the primary markets.

To begin with, the Open Protocol supports only major liquid coins such as BTC, USDT, USDC, BNB, and Hashstack’s native governance token HASH. 

About Hashstack

Hashstack Finance is a DeFi platform whose Open protocol aims to disrupt the DeFi lending market by offering under-collateralized loans. It addresses the need of lacking under-collateralized lending avenues for retail cryptocurrency investors by enabling loans at upto 3x collateral to serve the personal financial needs and trading capital requirements. Users can secure under-collateralized loans to avoid having to sell their long-term holdings to meet their short-term cash needs.