Bit2Music Multi-Media a Division of Bold n Boasy Entertainment launches Bit2MusicToken crypto-cash in Jamaica.
Indie Music Producer and Distributor launched its own crypto-currency, called Bit2MusicToken, in Jamaica. Customer will be able to claim coin for Subscribe to there website or youtube channels, Watch any video on our channels and leave your waveslite wallet address in the comment box. And other ways, 0.028300 Token Redeem 1 Song from Bit2Music Multi-Media Music Store.
Jamaican and the rest of the World will be able to buy their favorite song with the virtual cash from Bit2Music Multi-Media Music Store, play Private Fantasy Sports, once they have amassed 1.000 Bit2MusicToken. Bit2Music Multi-Media has partnered with crypto-cash start-up Waves to create and run the scheme. The tech company will run the blockchain ledger for the coin to keep track of who has coins and what has been done with them.
Customers will be able to claim their coins by scanning a QR Code with a smartphone. The crypto-currency is a stand-alone system that has some technical similarities to Bitcoin but is distinct from it. In a statement , Waves said that it had already generated 21m Bit2MusicToken to use in the loyalty scheme.
The current cost of a Sound Recording (song), customers will be able to get a free song for every 0.0283,B2MT they buy with real money. Carlton S Brown, head of external communications at Bold n Boasy Entertainment, said the scheme turned the indie music into an "investment vehicle".
On social media, some people reported that they had already managed to claim Bit2MusicTokens after watching videos on our youtube channels and playing Private Fantasy Sports. Dr Mary Clarke, research fellow at the Harris Centre for Alternative Finance, said Bit2Music Multi-Media Music was the first Jamaican Indie Music Production brand to issue its own crypto-cash but he expected others to follow. "Traditional loyalty programs, such as airline miles, typically have a fairly limited range of exchange options," she said. The ease with which the branded crypto-currencies could be traded for other national currencies or even other assets could make them "more compelling" than a standard loyalty scheme, she added. "Reward points are actually a good use case for blockchains," she said. However, in a later conversation, she warned that they could be used for money laundering and ransomware payments. "This will undoubtedly happen," she said.
Bit2MusicToken on Waves Platform.
Bit2MusicToken enables cryptocurrencies to be widely used in the real economy by making real assets tradable in crypto.
We allow cryptoholders to diversify their portfolio by getting explosure to real assets via crypto
Don't fall for a wrong coin, the right asset is verified on Waves DEX, keep an eye on the green check make.
Fasten your seatbelts, we are going to deposit to your Bit2MusicToken wallets on the Waves platform.
Bit2Music Multi-Media a Division of Bold n Boasy Entertainment to issue coin for ICO as a Services on Waves.