Billions of dollars turn around in the music industry every year, and this figure is growing rapidly because today it is difficult to imagine life without listening to new compositions of your favorite performers literally everywhere - at the wheel of a car, in transport, in the gym, on a run or a walk, etc.
But it is not so easy for young talented performers to get through to the masses even if they have very high-quality material, plus incomes of independent performers leave much to be desired because the associated factors of the industry are eating up a lot. Today we have an ICO project that intends to revolutionize the streaming music and to make it decentralized in the best traditions of blockchain technologies.
Bitsong is a decentralized platform, on which novice performers can add their compositions, and listeners can get free access to the new material. At the same time, streaming data and, in the future, TV functionality, extensive opportunities for advertisers, own mobile application, and much more will be implemented.
The music market today is simply huge - more than $ 17 billion was turnover in 2017, of which 7.4 billion is income from streaming and 5.2 billion is the income of independent artists. Obviously, the share of streaming will rapidly increase and it is precisely today that we need a decentralized and multifunctional platform that Bitsong can become.
During the open ICO process, an investor can purchase BTSG tokens for $ 0.062 per item. Bonuses will not be credited at the same time, which took place at earlier stages of presale, but during the open ICO round the minimum amount you can invest in this project is only 0.05 ETH.
On the closed presale rounds you could get a bonus of up to 40% of the amount of tokens you purchased, but the minimum amount for investing there was up to 3 ETH.
Road map:
- An open round of the ICO procedure will be held until November 10, 2018.
- Further, by the end of this year (IV quarter) it is planned to open the first office in Malta and hire additional developers.
- The first and second quarters of 2019 will be the alpha version of the Bitsong platform including a mobile application.
- III and IV quarters of 2019 - the introduction of new functionality and the connection of its own blockchain.
- 2020 - development and stabilization of the platform, blockchain, the introduction of new functions, and the opening of new countries.
Tokens will be distributed as follows:
- 50% of tokens will be distributed in the process of presale and ICO;
- 20% will go to the project team;
- 15% - reserve fund;
- 7% - project advisors;
- 5% - on the affiliate program;
- 2% - bounty and 1% airdrop (bonus programs).
The funds raised will be distributed as follows:
- 50% will be directed to the development of key business areas;
- 20% - marketing and PR;
- 15% - research and development;
- 15% - technology and logistics.
The project team is quite voluminous and, it should be noted, all its participants are somehow connected with the world of music and understand the main problems of this industry like no one else. Also, in the team there are experts in the field of blockchain and quite eminent advisers.
I believe that the problem that the Bitsong project solves is very urgent, and the music content industry itself is very capacious in terms of finances. If the guys succeed in realizing everything that they have conceived in the stated time frame, then the platform will turn out to be truly in demand and there is every chance of success.
The blockchain technology is most appropriately applied in such a project and I think that Bitsong can meet the most ambitious expectations of investors. By the way, the minimum amount of investment required to launch the project (Softcap) has already been collected and this means that the Bitsong platform will be in any case.
To learn more about the details of this project, visit the official website https://bitsong.io/ and read the whitepaper: https://bitsong.io/docs/whitepaper_en.pdf
Author Cryptozond: https://bitcointalk.org/index.php?action=profile;u=1190894
ERC-20 wallet: 0xE09319CEB0C8cf2029e27F85E1Bcb1159c63aF8e