Music Industry is certainly Billions of Dollars worth industry, providing employment and sometimes lavish lifestyles to many artists working actively in this industry. Precisely $17.4 Billion revenue had been generated by Music Industry in 2017 and this is increasing as we speak. Although, this industry has so many ways of generating revenue like Music Streaming, Advertising, Live concerts, but still the industry is lacking to provide fair employment working actively within this industry.
The problem lies in Centralization, which in this case, prohibiting people to earn what they really deserve. That's why a Decentralized platform is needed which can get things right back to where they should. Basically, a Decentralized medium where people can come, show their skills, set-up their profiles and earn what they really deserve without any centralized system to stop them.
Well, a Decentralized platform is coming which can revolutionize the Music Industry.
Bitsong Overview
Bitsong is a Decentralized Blockchain-based music streaming platform built on Ethereum Blockchain. The project is primarily focused on benefiting both musicians as well as listeners.
Musicians generally don't have enough money to write, compose and list that song on music streaming platforms. Producers don't find it worth their time or money to invest in a relatively new Musician's work. So, with the help of Bitsong, a musician can be relieved from this hefty procedure by joining Bitsong platform. Here, Musician will get its audience as well as the donations he needs for his upcoming music projects
Listeners will also get benefited hugely by the platform. Along with the listening of their favorite music, they'll also get paid for it. That's what Bitsong is focused on achieving.
Bitsong Unique Features
Smart TV Chromecast
Bitsong is focused on generating revenues for Musicians as well as listeners but it also didn't leave behind advertisers. Advertisers can save huge money while they are using Bitsong platform. Bitsong's goal is to be present on any Smart TV equipped with Chromecast, through Smartphone app stores, on any personal computer through a web interface or software and finally any car equipped with a Smart Radio.
Autonomy
Bitsong will provide artists the autonomy to write, compose and upload their song without the need of any distributor. They can even advertise their music stream via Bitsong's fanpage where artists can make their profile for free and also developing a fan base of their own.
Bitsong Platform
Bitsong will become a one-stop shop for artists to release their music videos, access it and also advertise it with whatever device they desire and in doing so, generating their own fan base.
Bitsong Framework
Bitsong, as I have explained above, is a decentralized Ethereum based project working to liberalize music industry. But all this became possible because of Bitsong's use of Interplanetary File System (IPFS).
IPFS is a peer-to-peer distributed file system which brings together all the computer devices into one system. In doing so, a high-throughput block storage will be provided, as well as content addressing with hyperlinks to them. Artists now can distribute their work on their own without having to rely on any centralized authority. Using Decentralized system will also provide security from plaigarism as well.
Bitsong (BTSG) Tokens
BTSG token in the in-built token of Bitsong platform which can be used for the variety of works within the platform. With BTSG tokens, one can buy songs, make any sponsorship or donations, tickets can also be bought, merchandise can be ordered and voting can also be done via BTSG tokens.
Users will get these tokens free for listening to their favorite music and in doing so they can earn while they listen.
Bitsong ICO Details
Bitsong Public offering will start on 10th August 2018. All the contributions can be made in Ethereum. The token sale will remain live for 90 days. The hard cap will be : 473.7 Million tokens.
So, don't skip your chance to become a part of revolutionary music industry.
Visit Bitsong Website and Social Media handles for more information.
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