ABSTRACT
BitSong is a new streaming platform, which will be built using the Ethereum blockchain and the IPFS distributed file system.
It is a project dedicated to musicians and attempts to solve a major problem for emerging artists. Through Bitsong, musicians will have the opportunity to produce their songs and listeners will appreciate and listen to new content from any device they own. In addition, musicians may receive donations from fans who might contribute to their next album. The ads will be uploaded by the advertiser and every time an ad is listened to, the artist and the listener will receive 90% of the profits from the advertiser. BitSong will give the user the possibility to use the platform in various ways, from the streaming free, to requests for donations, payments and insertion of advertising sponsors.
THE VISION OF THE PROJECT
The bi vision Bitsong is to create a new revolutionary brand linked to music streaming different from any other platform.
BitSong will generate profits for artists and users who listen to their songs, while creating a money-saving opportunity for advertisers. Their 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 Smart Radio. BitSong will be the new point of reference for the music market and will be completely developed using the technologies that the blockchain has available. The use of the blockchain allows Bitsong to be decentralized and to be based more on the community than its competitors. Currently, a music video is viewed through YouTube, listening and streaming are done through Spotify, marketing is on iTunes or Beatport and advertising is on social media. BitSong aims to solve this problem once and for all.
PROBLEM
When an artist creates a new single or musical album, he must invest his time to create that piece from an original idea to the product.
They finance themselves with their money, they contact a record label in the hope that they are interested in the song, investing it and publishing it to get the most out of sales. All this takes many months before the results can be achieved.
THE SOLUTION
BitSong solves problems for the artist by allowing them to upload their songs without needing a record label.
The artist can receive donations in BTSG tokens that can be converted into money or can, therefore, help to sponsor the development of their music. Artists can also get revenues from the publicity generated by their piece of produced music, reselling their own songs. This will be enhanced by the social network created on the Bitsong platform and by the loyalty of the fans. The funds through the Bitsong BTSG token will be credited immediately to the artist's portfolio, which he will be able to withdraw or convert as he sees fit!
TOKEN INFORMATION
The BitSong token (symbol: BTSG) will be used as currency within the platform and will therefore be used for sponsorships, donations, purchases and votes.
Using the Ethereum blockchain, the Bitsong community will be able to receive payments securely and quickly, thus eliminating the annoying problems and slowness of normal FIAT currencies. The token will be essential for:
Sponsorships
Donate
Purchases of songs
Votes
Ticket purchases
Merchandising Acquist
The allocation of tokens
Advance sale and public sale: 50% of the BTSG tokens will be offered for sale. This sale will allow the development of the application and the expansion of the project. All tokens not sold in public sale will be BURNED to ensure the stability and maintenance of the value of the currency. To create an "active" community within BitSong, we decided to distribute 1% of our tokens in Airdrop (1%). Currently our Airdrop has created over 180,000 users for Bitsong. The Bounty program (2%) stems from the need to create a strong and sustainable community. In this case, all users who add value to BitSong will be combined with a BTSG token. The company strongly believes in the creation of a network of partners (5%) linked to the world of music. This fund will allow them to increase this network, develop our project and expand our community. To guarantee the success of crowdfunding, a 7% fund was reserved for their advisors and related costs. The reserve fund (15%) is necessary to guarantee the "long-term" survival of the project and will be blocked for a period of 18 months. Finally, 20% of the BTSG tokens were allocated to the founding owner and the team. This fund will be blocked for a period of 6 months, at the end of the 6 months the BTSG tokens will be released in batches of about 2-3% per month.
I remind you that the ICO phase is live and it is possible to participate by connecting to the website https://bitsong.io/
For more details on the project, this is the reference to WhitePaper: https://bitsong.io/docs/whitepaper_en.pdf
Stay up to date on the latest news of the project. These are the company's social contacts.
Facebook: https://www.facebook.com/BitSongOfficial/
Twitter: https://twitter.com/BitSongOfficial
Telegram: https://t.me/BitSongOfficial
Medium: https://medium.com/@BitSongOfficial
Reddit: https://www.reddit.com/r/bitsong/
BitcoinTalk: https://bitcointalk.org/index.php?topic=2850943
LinkedIn: https://www.linkedin.com/company/bitsong/
GitHub: https://github.com/BitSongOfficial
My Bitcointalk (Arumi.Bilqis): https://bitcointalk.org/index.php?action=profile;u=965668