$FILM

Summary of $FILM

FILM is the utility token for Hollywood Land.

xFILM & FILM will be paired with USDC.

  • STUDIOs create FILM every 24 hours.

  • FILM can be used to create more STUDIO's, or upgrade your existing STUDIO's.

  • FILM can also be used to purchase other Hollywood Land perks & rewards. Ex. Live Production set tours, film intro title card credits, meet & greets, and much more.

There is only a 10% claim tax when a Producer wishes to withdraw their earned FILM. There is 0% tax when upgrading STUDIOs or converting FILM into STUDIOs.

There is ZERO sell tax, only a claim tax. Hollywood Land does not double tax.

The treasury grows from Producers paying their studios' production fees, which go straight toward Producing Real World Movies. The claim tax goes straight to the LP & Reward pool.

Within the first 30 days of launching the platform, Hollywood Land will have a 50% sell tax to discourage bots & arbitrage from taking advantage. After 30 days there is 0% sell tax, and only a 10% claim tax on FILM.

Supply Distribution

The starting launch price will be $15.

There will be an initial supply of 1,000,000 FILMs, split as follows:

  • 80% Rewards pool reserve

  • 10% Whitelist Presale

  • 5% Treasury reserve

  • 3% Founders Pool (100% locked for 24 months)

  • 2% Liquidity Pool (paired with $300,000 USDC)

Initial liquidity is locked for 18 months.

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