The Advent Token has a max cap of 500 million Advent Tokens. As addressed in detail in our Disclosure(s), upon commencement of the Coin Sale, 70% of the available Advent Tokens (350 million tokens), will be available for sale to accredited investors. 30% of the available Advent Tokens (150 million tokens) will be held by the company for founders, team, bounty program, advisors, reserve, marketing, business investments, business operations, charitable causes, early investors and other areas determined by the Company. Please read our Disclosure(s). At the conclusion of the Coin Sale, it is anticipated some portion of the token allotment will be left unsold. Rather than burn/destroy these excess tokens, we will initiate an Air Drop incentive program to encourage the long-term holding of Advent Tokens.
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AIR DROP INCENTIVE DETAILS
The total tokens reserved for the Air Drop Incentive program will be determined by the amount sold in the coin sale. These remaining unreserved coins will be reserved for entertainment and technology projects funded from the sale and/or use of Air Drop Advent Tokens that may be pursued by the Token Issuer and/or our Affiliates. Profits derived from such projects will be converted back into Advent Tokens and added to the Air Drop Incentive Program. For example, if a particular project is partially funded by the Air Drop Advent Tokens with an associated back-end profit percentage of 20% and the project derives total profits of $100,000,000 US dollars, we will convert $20,000,000 (20% of the back-end profits of the project) into Advent Tokens and distribute such Tokens pro rata among all existing Advent holders along with the next scheduled Air Drop. Thus, Advent holders will derive a benefit from many of the films, television shows and innovative technology projects created by the Token Issuer and/or our Affiliates. Back-end percentages for projects will vary as each deal may be different. The schedule of the Air Drop Incentive program will be determined by the Company. The total amount of tokens associated with each Air Drop will be divided among all current Advent Token owners.
This program has been created to allow Advent Token holders to participate in the profits of the film and television projects created with the use of the Air Drop Advent Tokens and to promote long-term holding of the Advent Tokens.
NOTICE: The material and content presented on this website is the sole responsibility of Advent Entertainment, LLC, a Utah company (“we”, “our”, “us”, or the “Company”) and is qualified in its entirety by the Company’s offering memorandum and/or offering circular (the “Disclosure(s)”) which contain more complete information including risk factors. The material and content on this White Paper contains forward-looking statements and hypothetical economic forecasts that may not be realized. By receiving or viewing this material, you acknowledge and agree not to rely upon it in making an investment decision. Please read the Disclosure(s). This material does not constitute or form a part of any offer to sell or solicitation to buy securities nor shall it or any part of it form the basis of any contract or commitment whatsoever. Without limiting the foregoing, this material does not constitute an offer or solicitation in any jurisdiction in which such an offer or solicitation is not permitted under applicable law or to any person or entity within the United States of America who is not an “accredited investor” as defined under Rule 501(a) of the U.S. Securities Act of 1933, as amended, or who does not possess the necessary qualifications described in the Disclosure(s) and/or Rule 506(c) under Regulation D of the U.S. Securities Act of 1933, as amended. Please read the Disclosure(s).