Actor and writer Jason Attar has started the release of a film profit share cryptocurrency using the bitcoin blockchain to fund his new UK independent film. After making a multi award-winning comedy feature film One Night In Powder, set in London in 2013, the production team One Light Productions set out to create a new way of funding a film. The film’s producers are making a 25% profit share available as 25 billion cryptographic ‘Kevcoins’, creating possibly the worlds first cryptocurrency funded film.
This new profit share movie, Powder’s Peckham, is being shot and will be delivered to a London independent cinema, PeckhamPlex, on 20th April 2016 for its premier. The film will feature people that ex-roadie Kevin Powder (played by Attar) has met off the street and integrates into the story of the film. Powder’s Peckham is about Kevin’s journey to make a Sci-Fi epic ‘The Day Peckham Stood Still’ with the new collaborators he meets. The film is being shot in Peckham, South-East London.
During the production and delivery of the film over the next month, 25 billion Kevcoins will be issued. This token is a profit share in the movie built on the bitcoin blockchain. The story of the Kevcoin release and the subsequent funds raised will be integrated into the feature film. The value of the coins has been set at 1 BTC per 500 million Kevcoins. Owners of the Kevcoins will be updated as to the progress of the feature film and any future profits that may come from it. The Kevcoin can be traded, or kept as a profit share agreement between the purchaser and the producers of the film. The coins are available to buy on coinvend.