First Ethereum-Financed Independent Film Uses Smart Contracts

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While there are several Ethereum projects currently being created, The Pitts Family Circus is the first attempt at an Ethereum financed movie, which eventually will share the profit of the films production with investing Ethereum holders via Smart Contracts on the Ethereum Blockchain.

The feature film based on the unique Australian circus family The Pitts and was written by Ken Fanning & Tony Caradonna, is directed by Ken Fanning and produced by Chicago company aKenEvilThing. With humble beginnings 15 years ago as a street theatre show The Pitts have toured the world seven times and grown into a charming family circus that is hugely popular with crowds wherever they appear.

With only 666 limited shares available, the shares are 10 ETH each, but there is also the possibility to buy fractional parts of a full share.

Token holders can invest in the crowd-sale via an Ethereum smart contract and they will receive a Ethereum based ROI for the next 20 years. In detail shareholders will receive 50 percent of the yearly profit after tax until the year 2036. The movie production and its investment are legal settled on the law of Switzerland and incorporate the benefits of the  Swiss tax system.

It has been an exciting year for the Ethereum world computer and its community. Several projects have been founded since the move to Homestead and the ecosystem is still growing rapidly. While Bitcoin is still the internet of money, people now can imagine a little more how Ethereum`s DAPPs and smart contracts could affect future life. 

The horror-comedy will be produced from the early 2017 in Australia and in the alps of Switzerland. The movie will be presented on film-festivals in 2018 and will be screened in in cinemas all around the world. 

With this new method of funding independent productions, can gain a multiple return-on-investment.

If the Ethereum price continues to rise while the movie is being produced, additional resources could be used to improve the films success and therefore the investors ROI.

Community involvement and active story based placement of Ethereum projects and products could be essential key factors on the roadmap. Finally the project should bring a long-term benefit to investors and will strength the community. Interested people can find more information on www.the-pitts-circus.com or invest directly with a smart contract: 0x0C7c0b72004A7a66fFa780637427fEd0c4FaAc47

About Richard Kastelein

Founder of industry publication Blockchain News, partner at ICO services collective CryptoAsset Design Group (helped raise over $200m+), director of education company Blockchain Partners (Oracle Partner) and ICO event organiser at leading industry event  CryptoFinancing (first ICO event in Europe) - Richard Kastelein is an award-winning publisher, innovation executive and entrepreneur. He sits on the advisory boards of half a dozen Blockchain startups and has written over 1200 articles on Blockchain technology and startups at Blockchain News and has also published pioneering articles on ICOs in Harvard Business Review and Venturebeat.
 
Kastelein has spoken (keynotes & panels) on Blockchain technology in Amsterdam, Antwerp, Barcelona, Beijing, Brussels, Bucharest, Dubai, Eindhoven, Gdansk, Groningen, the Hague, Helsinki, London, Manchester, Minsk, Nairobi, Nanchang, San Mateo, Shanghai,Tel Aviv and Venice. His network is global and extensive.
 
He is a Canadian (Dutch/Irish/English/Métis) whose writing career has ranged from the Canadian Native Press (Arctic) to the Caribbean & Europe. He's written occasionally for Harvard Business Review, Wired, Venturebeat, The Guardian and Virgin.com and his work and ideas have been translated into Dutch, Greek, Polish, German and French.
 
A journalist by trade, an entrepreneur and adventurer at heart, Kastelein's professional career has ranged from political publishing to TV technology, boatbuilding to judging startups, skippering yachts to marketing and more as he's travelled for nearly 30 years as a Canadian expatriate living around the world.
 
In his 20s, he sailed around the world on small yachts and wrote a series of travel articles called, "The Hitchhiker's Guide to the Seas' travelling by hitching rides on yachts (1989) in major travel and yachting publications. He currently lives in Groningen, Netherlands where he's raising three teenage daughters with his wife and sailing partner, Wieke Beenen.

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