Dear WYL community.
We are pleased to announce to you that we participated in the first film production funding.
WYL is a blockchain for the virtuous circle structure of the film industry, and we want to create an ecosystem by investing the money raised through the WYL token directly in film production.
A platform where users participate in the funding process with WYL tokens is still under development. But we made this decision to show you our better vision and roadmap visually.
- We are going to buy WYL which is distributed directly in the market from the WYL Foundation.
- After burning the WYL we purchased, we will invest that much money in film production.
- Production progress information for the confirmed film will be announced continuously.
- The profits of this movie will be distributed to the staking participants after WYL’s staking system is launched.
- Production costs and burning of WYL related content
: The production cost is 50 million dollars in total. Burning of WYL of that size will be carried out. Burning will process in August 2021.Details will be announced later.
