Cryptoflix.io Review – Buy Token, Register, Login, Reddit, ICO – Crypto Flix
Crypto Flix is a MLM website or platform in the movie niche. It is a movies streaming and film funding platform powered by blockchain. According to the website it is an evolution of Hollywood meeting crypto.
The domain was registered by one Christian Husum on the 11th day of January, 2018. The fact is that most of it’s admins remain largely anonymous.
According to Christian’s LinkedIn profile which projects a white man on suit, he “Originally a corporate tax and entertainment lawyer. I am now a serial entrepreneur working internationally across many asset classes including Film, commercial shipping, real estate and intellectual property. Also an experienced producer and sales agent, probably best known for Co-producing and selling the Oscar(2015) and BAFTA winning IDA by Pawel Pawlikowski.
Has previously been an external lecturer on “European Co-productions” at the Copenhagen University Film and Media Dept. and is a frequent external lecturer/panel participant at film festivals and various film related courses.
Now Founder and CEO at CryptoFlix – a Blockchain film streaming and ebook distribution platform to give everyone, everywhere legal access to films and ebooks and to educate humanity across borders.”
However, his location reads Spain but the majority of the traffic flowing to Cryptoflix comes from Canada. This suggests that he might be based somewhere in Canada or America.
According to Cryptoflix, “100 million FLIX Tokens are available for distribution. 57 million FLIX Tokens are available to contributors. 23 million FLIX Tokens are dedicated for the team, advisors, bounties etc. Finally, there is a 20 million FLIX Token fund to support the business and to serve as a preliminary reserve. Core team and advisor tokens will be vested for 12 months with a 3-month cliff. Bounty tokens will NOT be vested.
FLIX Tokens are not mined by users or any other companies and there will be no future emissions.
The start date of the ICO is provisionally set on April 15, 2018.”
On its Product review and about it, Cryptoflix revealed “The mission is to launch the CryptoFlix Ecosystem with the CryptoFlix Platform – a closed network film and TV streaming platform as the central element. The platform will in part offer paid content in the form of feature films and TV and free content for educational purposes to private individuals across the planet, without borders.
Paid content is available through payments in FLIX Tokens as well as common crypto currencies and will be launched in underdeveloped, high population, under banked countries.”
The truth is that CryptoFlix has no retail-able product or service making affiliates only able to market its membership. Also there is no other verified means of funds entering into CryptoFlix except funds generated by new members on registration and purchase of tokens.
Using funds generated by new members to pay old members makes a scheme a Ponzi scheme and Ponzi schemes do fold or wind up once there are no longer new members signing up.
Please remember to use the comment section to report any scam or suspicion relating to this platform. You can also send an email to [email protected]
The movie industry will be more profitable is this evolution works out.