CREATIVES – the ultimate stablecoin… ‘Selling crypto now is like selling Apple in 2001’


CREATIVES – the currency of royalties…

From 1995 to 2000, people invested heavily in “.com” companies which were often formed without proper business models. Nowadays, people can come up with new ideas that can be recorded on a whitepaper for the entire world to read. Since these inventions are creative, millionaires invest in initial coin offerings (ICOs). Even if 1,000 of them contribute $10,000 individually, the entire project can raise $10 million within a short amount of time. For instance, web browser Brave raised $35 million in under 30 seconds last year.
“Ninety five percent are going to end as nothing because that’s startup funding,” Yoni Assia, the CEO of eToro, a social trading platform that supports a range of cryptocurrencies, told Business Insider this week.
His comments mirror those of Joseph Lubin, the cofounder of cryptocurrency ethereum, who this week compared the crypto boom to the dotcom bubble of the late 1990s that ended in a spectacular bust in the early 2000s.

Here  at CREATIVES (CCIM) we maintain an equally sober outlook, CREATIVES are the ultimate stablecoins and one of the very few cryptocurrencies that is based upon a real world value. Each CopyrightCoin is pegged to the royalties that flow through the ecosystem, and more often than not the value of CCIM is based upon already received royalties placed in escrow.
This guarantees a better liquidity as any bid/ask are backed by a commodity that are backed by fiat-based royalties. Royalties have been paid but have yet to reach the copyright owners.

Music as an example
The value of a copyright ownership is reflected in the popularity of the song. If the song is part of a back catalogue (i.e. older than 18 months) there is a fairly good backdrop for estimation of that particular song’s royalties and that value can be expressed in a formula coded into smart contracts. The longer the music has been around, the easier it is to estimate a value based upon historical payments of royalties. If it’s a fairly new release (< 3 years) its first year’s royalties payments and reduced with 15% each year thereafter. The CREATIVES escrow creates the stablecoins…
There is a “pot” of 24,700 million CREATIVES dedicated to paying advances to content owners in our ecosystem. The advances are paid on a simple basis under exclusive administration agreements.
Take the example of a musical work generating an average of €100,000 in royalties over the last 10 years. At registration of the copyright within the CopyrightChain ecosystem, a copyright administration agreement is signed with New Internet Media. And sign-off, an advance of 100,000 CCIM (equivalent of €100.000 if €1.00 = 1.00 CCIM) is paid per year the exclusive administration agreement is running.
During a period of transition between collecting royalties via public rights organizations and DSP the royalties coming in the “old” way is then placed in escrow with the Internet Media Copyright Association (IMCA) as guarantee for the CCIM value.
If the value of CCIM raised above €1.00 per CCIM the profit goes to the holder of the CCIM and the equivalent in EUR is released from the escrow into the EUR account of IMCA. If the value falls below 1.00 CCIM = €1.00 the escrow account guarantees the payment of the 1.00 CCIM = €1.00 (must wait until funds are available due to old ways of receiving).

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