There are many projects developed and running on Ehereum currently. Some projects are doing justice to their idea while others have just perished in the wake of Market Bearish phase. But the projects with strong fundamentals and revolutionary ideas are the only one which are standing still even in this recessive market condition. These projects brings extreme value to the market and helping common people, making their lives easier.
Among all those project, another one is going to be listed. This project is bringing extreme value to the Blockchain community and also initiated the idea of decentralization in a huge existing industry i.e. Music Industry. This project is : Bitsong
Bitsong's Core Fundamental Idea
Well, Bitsong is not another cryptocurrency project, instead it is one of those few projects which are trying to bring some fundamental change in the World.
Bitsong is an Ethereum Based Blockchain project which is working to decentralize Music Industry. As we all know about centralized industries, all those power and profit focused industries. So, Bitsong wants to hand over some power to the common people by introducing a project with extreme value.
Now, Musicians can write, compose and upload their work without having to depend on Centralized authority and listeners will also get something in return for their free time.
Bitsong's Vision
Music industry is generating roughly 17 Billion revenue per year and all those revenue goes directly in the pockets of centralized authorities. While artists only receive a chunk of that profits and live a normal life, business owners are making tons of money out of nothing. Bitsong's Vision is to change all this:
Listener's Benefit
The first thing which comes to all of our minds is that why don't we get anything in return when we listens to any song on any particular platform. All those profits and we don't get anything. Well, this has changed with the help of Bitsong's platform. Listeners will get some money in form of BTSG tokens everytime they'll listen to the songs.
Musician's Benefit
A huge money as well as efforts is required to write compose and distribute a single song in the real world. And majority of musicians don't have that kind of money. So, majority of artists gets failed. But Bitsong seeks to change this by provide them with a platform where they can freely distribute their work without having to incur any huge expenses and also building a great fan base using Bitsong's in-built applications.
Advertiser's Benefit
Advertising generate majority of money in each and every online platform. Business owners earn Millions through advertising, but with the help of Bitsong's platform Advertising cost will be far less and those advertising money will be distributed to artists and listener's to the extent of 90%. That means it is benefiting everyone.
Affordable & Effective Distribution Mechnism
Distribution of songs is very important aspect of Music industry. But Bitsong's IPFS system do it pretty fast and effectively. IPFS system connects majority of computer systems with each other, bringing coordination as well as speed. Using of Blockchain ensures the safety from Plaigrism.
Bitsong's Tokens (BTSG) Model
Bitsong's tokens are the in-built and fuel of Bitsong's platform. Majority of tasks can be completed with the help of these tokens including voting, buying merchandise, providing donations to artists, sending money within the platform and much more. These tokens are limited in supply, so holding them would make sense to create more wealth in future.
Bitsong's Public CrowdSale Is Live
Bitsong's public sale has gone live on 10th August 2018 and currently running as we speak. Anyone can contribute to this sale via making contribution through Bitcoin or Ethereum. There is some discounts for early participants.
So, go visit Bitsong's website and see for yourself the upcoming revolutionary platform for Music Industry.
Thanks for reading ...!!
Bitsong Website: https://bitsong.io/
Facebook Page: https://www.facebook.com/BitSongOfficial/
Twitter Page: https://twitter.com/BitSongOfficial
Medium Page: https://medium.com/@BitSongOfficial
Bitcoin Talk Thread :https://bitcointalk.org/index.php?topic=2850943
Telegram Group: https://t.me/bitsongofficial