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Angelic Funding, Inc., a Cayman Islands corporation, is releasing a cryptocurrency token on the Ethereum blockchain, using the ERC-20 standard, called AngelicCoin, symbol APC. Angelic Funding is a wholly-owned subsidiary of Angelic Pictures, Inc. The purpose of the ICO is to raise funds for Angelic Pictures and its subsidiaries.
The Angelic Independent Movie Channel will use the APC token to fuel the commerce of the website. Advertisers will buy APC to pay for and place ads on the site. Viewers and movie rights holders will receive tokens when a movie is viewed, and those tokens can be used to purchase goods and services from the advertisers. This instantiates a utility function for APC.
To the extent that The Angelic Independent Movie Channel is successful with its online Distribution website, this will create demand for APC from advertisers who will need to buy the AngelicCoin in order to pay for advertising on the website.
APC tokens will be traded on certain exchanges, providing liquidity to APC purchasers. The price of the token will, of course, be determined by supply and demand.