🪙Tokenomics (Original)
Last updated
Last updated
The film industry has long depended on box office revenues as the primary means of ensuring a significant return for both small and large budget productions. This system, which has been operational for over 100 years, has experienced a significant downturn due to the rise of streaming services. While a film could garner $100 million at the box office, streaming service licensing might only yield 20% of this…
As consumer behavior shifts the traditional cinema-going experience to at home streaming, the industry has had to follow with it. This transition also meant the growth of independent productions as (in most cases) the budget for such is at the lower end of the budget for box office hits. The reason for this growth is, as mentioned above, to find an equilibrium between new revenue models (Licensing only instead of Box Office) ROI vs budget.
However, this migration to digital streaming has resulted in increased overheads and challenges for content creators, especially related to funding, creative control, and the protection of talent.
Blockchain technology can address these issues, offering security through cryptographic proof of trust and smart contracts. This innovative solution for the film industry was designed by Vabble and our cryptographic-based P2P economy.
Vabble’s native token (VAB) is a transferable utility token on the Vabble platform, representing attributed governance and specific utility functions. Designed solely as an interoperable utility token, VAB is used as a medium of exchange between platform participants. The goal of introducing VAB is to provide a convenient and secure mode of payment and settlement between participants who interact within the ecosystem on the Vabble platform, and it is not, and not intended to be, a medium of exchange accepted by the public (or a section of the public) as payment for goods or services or for the discharge of a debt; nor is it designed or intended to be used by any person as payment for any goods or services whatsoever that are not exclusively provided by the issuer. VAB does not in any way represent any shareholding, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will VAB entitle token holders to any promise of fees, dividends, revenue, profits or support returns, and are not intended to constitute securities in Singapore or any relevant jurisdiction. VAB may only be utilised on the Vabble platform, and ownership of VAB carries no rights, express or implied, other than the right to use VAB as a means to enable usage of and interaction within the Vabble platform.
The VAB token supply is 1,456,250,000 tokens. Initially minted as ERC-20 tokens, VAB has also been migrated to other chains such as Polygon, and may be migrated to more if deemed beneficial for the platform's operation, branding, legal compliance, or efficiency.
VAB tokens are allocated and distributed as follows:
VAB also provides economic incentives which will be distributed to encourage users to contribute to and participate in the ecosystem on the Vabble platform, thereby creating a win-win system where every participant is fairly compensated for their efforts. VAB is an integral and indispensable part of the Vabble platform, because without VAB, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the entire ecosystem on the Vabble platform. Given that additional VAB will be awarded to a user based only on its actual usage, activity and contribution on the Vabble platform, users of the Vabble platform and/or holders of VAB which did not actively participate will not receive any VAB incentives.
VAB supports all utilities on Vabble, including those specified in the original whitepaper and any additional utilities that will be developed over time. The use of VAB is based on microtransactions in volume. VAB does not represent any rights or any form of financial instrument or investment and does not provide the token holder with any ownership or other interest in the company.
Vabble's tokenomics present a revolutionary approach to addressing the challenges faced by the film industry, particularly those brought about by the shift towards digital media. By leveraging blockchain technology, Vabble seeks to provide security, transparency, and fairness to all stakeholders in the film production and distribution process. As the platform grows, the use of VAB tokens is set to become a cornerstone of a fair and decentralized film industry.
