Actor and writer Jason Attar has come up with a completely new way of funding a film. In order to fund his new UK independent film, Attar has started the release of a film profit share cryptographic currency using the Bitcoin blockchain.

Attar sees this crypto launch as a brilliant way for people to get involved and back film projects using the blockchain and crypto.

The film's producers are making a 25% profit share available as 25 billion cryptographic Kevcoins, which will be issued during the production and delivery of the film (over the next four weeks.

“This crypto token currency is a profit share in the movie built on the Bitcoin blockchain. We believe this is funding structure is the first time this has ever happened. We will integrate the story of the Kevcoin release and the subsequent funds raised into the feature film”, the release said.

The value of the coins has been set at 1 BTC per 500 million Kevcoins. Owners of the Kevcoins will be updated about the progress of the feature film and any future profits that may come from it. The Kevcoin can be traded, or kept as a profit share agreement between the purchaser and the producers of the film. The owners of Kevcoin will “hopefully” share the profits of the movie.

After making a multi award-winning comedy feature film One Night In Powder, set in London in 2013, the production team One Light Productions are now embarking on a new profit share movie, Powder’s Peckham. The movie is about Kevin Powder’s (played by Jason Attar) journey to make a Sci Fi epic ‘The Day Peckham Stood Still’ with the new collaborators he meets.

The film is being shot in 35 days in Peckham South-East London. It will be delivered to London’s biggest independent cinema, PeckhamPlex, on 20th April 2016 for its premier.

The coins are available to buy with the most popular cryptocurrency on https://coinvend.io/KevinPowder.