halluceon

Theater NFT

First, a filmmaker publishes a theater by minting a Theater NFT which which stores theater-specific details and metadata:

• Theater Name, Desc., Categorypermanent — usually the title of the film or series.
• Theater Sizepermanent — how many Ticket NFTs the theater will sell, split into 5 groups, each with their own price curve.
• ERC20 'HAL' Token Tickerpermanent— the theater's ERC-20 revenue-share token is named: 1-10 custom characters + HAL. Ticket NFT minters receive a bag of this token based on a formula we will discuss below.
• Store Mediapermanent— the publisher can attach 1-50 pieces of media (films, series, etc.) which are accessed behind the theater's Ticket NFT gate. Media can be published once or periodically over the life of the theater.
• (Optional) Publisher Distribution Splitpermanent — the filmmaker has the option to allocate a portion of their 50% ERC20 token share to partners — financiers, co-writers, etc.

ticket nfts

When a theater is published, and one or more pieces of media are attached, viewers can begin minting Ticket NFTs, which they can then activate anytime to start a 12-hour watch window for that theater's media. As you can see in the price curve above, Ticket NFTs are separated in 5 batches, or “groups” indicated in the token's metadata (“Group 1,” “Group 2,” etc.) When one group sells out, the next group of Ticket NFTs starts minting. Each of the 5 groups of Ticket NFTs has its own steadily increasing price curve, making earlier tickets cheaper than later ones.

When a viewer pays to mint a Ticket NFT, they receive a bag of HAL TOKENS specific to that theater. How many tokens they receive depends on three things: number of Ticket NFTs minted, which Group # the Ticket NFTs fall in, and how early within that Group (which decile) they were minted:

HAL per txn = # of tickets minted x group multiplier × decile multiplier

Each Ticket NFT group carries a fixed multiplier — earlier Groups carry a higher one — and within a group the per-ticket reward steps down by decile: ×10 for the first tenth of Tickets, down to ×1 for the last tenth. Multiply the two and you get the HAL a single Ticket mints (the grid's rows are the Group multipliers, its columns the deciles):

So, concretely:

This formula incentivizes early participation: the earlier you buy a Ticket NFT, the cheaper the mint fee and the more HAL you receive. That asymmetry is the whole point.

fee distributions

When Group 1 sells out (20,000 Tickets for a medium theater), the fees it collected are snapshotted and become claimable by every HAL holder, pro-rata to their balance. Because the publisher automatically holds a 50% pre-allocation of the HAL token, the split lands at roughly 50% to the audience and 50% to the publisher for every distribution snapshot.

After the snapshot and distribution Group 2 opens — same mechanics, a new price curve, and a lower HAL multiplier (×4.4), so each Ticket NFT now mints less HAL than a Group 1 Ticket did. When Group 2 sells out (70,000 sold cumulatively for a medium theater), its fees are again snapshotted and distributed — and the Group 1 minters, who still hold their HAL, can claim for a second time.

They keep earning from every Group that closes after them, for as long as they hold their tokens. That compounding — earlier buyers minting more HAL and collecting from more closes — is why the earliest supporters come out so far ahead.

the upside, in numbers

Across a theater's full lifecycle, a Group 1 ticket earns roughly 22× what a Group 5 ticket earns— even though Group 5 has the biggest absolute fee pool. The seniority weighting divides the early pools across far fewer tickets. Here's the per-ticket lifetime payout to the audience, by the Group a Ticket was bought in (toggle a size — the per-ticket return is identical at every scale):

Scaled up to a Large theater sold out across all five Groups, lifetime ticket revenue comes to roughly $64.8M — about $32.4M to the audience (split by HAL holdings, asymmetrically rewarding the earliest) and a matching $32.4M to the publisher, whose 50% pre-allocation is locked at mint and never dilutes.

claiming your fees

HAL token holders claim their fees whenever they like — there's no expiry on an unclaimed pool. As a convenience, bots can claim on a holder's behalf in exchange for a small bounty (1-5%)A proxy-claim bounty paid out of the claimed amount to whoever submits the claim transaction for someone else. Configurable by the contract owner up to a 5% cap; self-claims pay no bounty.. Halluceon runs a bot that sweeps pools left unclaimed for about a week, so even dormant holders get paid.

If a theater's Ticket sales stall mid-Group, the publisher can force a disbursement — snapshotting the fees collected so far to HAL holders without waiting for the Group to sell out.

why “halluceon”

Halluceon tries to replicate the theatrical business model of old Hollywood: an unknown film rolls out to a small audience, and expands its footprint when demand is proven, until it either runs out of steam or becomes a viral hit, making everyone involved rich. Over time, Hollywood has become a factory farm which squeezes the artist at every step. Halluceon is the opposite — small theaters, small audiences, generous compounding for the people who care enough to show up.

if that sounds like something you'd want to be part of, mint a theater, add a film, send your audience the link.