Introduction
The artist is a business visionary, Bitsong is an accomplice of the base sign and Bitsong has to deal with that route. In the Open The black box business article, in the New York Times, player and writer David Byrne said it was noisy and clear. "Craftsmen are a weak connection in the chain, especially in the current scene: ordered by administrative buildup, for example, Spotify or Apple Music". Lately, Anohni has also squandered on businesses that shed: "Artists have rejected the capacity to offer music".Rights holders own about 70% of the income earned from membership (most of the time the names of the recordings). From this cash, craftsmen know how to get around 15%. "The administration that poured out gave me around 0.0035 dollars each time my money was set to, if that opportunity reached a million dramas I could get 35 dollars", said Eddie Schwartz, Canadian musician leader 'affiliate. Another problem is the lack of directness: "We must know how the improvement is adjusted to our songs," Byrne wrote in the article.
About Bitsong
BitSong is a new platform in Blockchain Music Streaming, that will be built using the Ethereum blockchain and the IPFS distributed file system. Bitsong will give full freedom to craftsmen to transfer their songs (without wholesalers or names), and their own music videos, promote them through their own fanpage (on the BitSong stage) and collaborate with their fans. In this kind of display, mechanical progress is perhaps the most important factor. The Blockchain is a transnational registration where a virtual Bitcoin cash exchange is recorded. A common database in a PC system is delivered, where each hub plays the capacity to confirm and support the data sent. All methods (made unchangeable by cryptographic boxes) must be supported by most members, making the closeness of outsiders to agree to useless tasks.
Every time it is utilized in the music business world, Blockchain allows craftsmen to control the circulation of their work and installments. Do not ignore direct relationships with viewers and fans (chain boxes) and honesty insurance from notes or melodies, which cannot be downloaded or changed illegally.
What are the benefits of Bitsong compared to competing projects?
As a decentralized database, Blockchain is in a situation to track exchanges on the Internet even in circumstances where there is no specific substance designated for information support and administration. The Blockchain can oversee micropayments even with billions of exchange accounts like what happened in the recording business. The Blockchain is encoded and any recorded music that is affected can be accessed by the client can be improved by the development of metadata that integrates with and organizes data for each exchange. With a decentralized database there is no single owner of information and data can be shared and available to anyone.Together we can win in making another time where each craftsman can become his own merchant, without a middle man, everything is clear and straightforward. Craftsmen stack records, audience members can hear them or get them and Smart Contracts (lines of code which consequently apply equivalent statements) ensure that the artist is paid for each setting or buy his work. Entries that occur under the eyes of all people and without the closeness of outsiders, for example, record marks, stages of circulation, and the online installment framework, so that craftsmen can get 90% of aggregate income.
In addition, because our creative listening stage gives careful consideration, we believe clients will let go of conventional biological systems tuning music, by utilizing BitSong on any gadget (TV, Smartphone, PC, Car Radio). If our innovation recognizes that the melody has just been previously registered by different clients, the BitSong stage will require assistance to check profiles and official social declarations, to be sure to be made by individual craftsmen.
When will Bitsong ICO begin and why you should participate?
The Bitsong platform starts ico as follows:
PreIco Time : 2018-05-14 - 2018-07-02
Ico Time : 2018-08-10 - 2018-11-20
- Token : BTSG
- Platform : Ethereum
- Type : ERC20
- PreICO price : 1 BTSG = 0.044 USD
- Price in ICO : 1 BTSG = 0.0620 USD
- Tokens for sale : 452,500,000
- Min. investment : 0.01 ETH
- Accepting : ETH
- Distributed in ICO : 50%
- Soft cap : 3,000,000 USD
- Hardcap : 25,000,000 USD
Why you should to participate?
Utilizing the local blockchain Ethereum we will have the capacity to get installments safely and quickly, in this way spending with annoying and gradual problems from the fiat monetary form. BitSong is a long-term business, every one of our calculations has been made with the ultimate goal of ensuring a "sustainable" generation flow, (this pays little heed to different market confusion). Bitsong token will be fundamental for:
- Sponsorship
- Making a gift
- Purchasing a melody
- Voting
- Buying tickets
- Purchasing marketing
For more information about the bitsong platform, read the whitepaper and official website find more interesting details. Come on join now or will regret it later !!
Author: sirnasudah
Profile: https://bitcointalk.org/index.php?action=profile;u=2259916
This article is written based on whitepaper and official website.