One Family Media Group, LLC (OFMG), announced its new media-backed crypto currency. The new coin, DUCoin, will be available on September 10.
The coin was developed by Tiago Henrique and Cynthia Maddox, a board member with OFMG. The investor-driven token will be backed by current and future digital media assets from the OFMG library of content. The DUC exchange site has been developed to meet the requirements and goals of OFMG and investors alike.
“This is a game changer for us and the media industry, as we look to offer a new way to fund movies and fan-favorite shows in an ever-increasing streaming market,” said Maddox. ”It just makes sense that digital assets in the streamer’s market be backed by digital currency.”
The platform is set to pay back to token holders a minimum 1% interest daily. The funds generated from the trade will be used to produce more movies and fan-driven shows that will pay into the token, thereby raising the value of the asset backed DUC.
For more information, visit OFMGllc.com.
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