TUNE: An ecosystem aimed towards democratising music and building a sustainable future for open and transparent music business.
Tune is a software and management company that extensively focuses on blockchain technology and smart contracts to address the pain points in music businesses industry. Tune is working to solve issues like digital songwriter rights and royalty transparency.
How does Tune intend to accomplish this?
Tune has announced their licensing with TechCrunch Disrupt cup award winning RecordGram application which is the tokenized product enabling user tipping, user community incentivesed rewards through sharing, creating and engaging of content and much more.
By leveraging the potential of blockchain technology, Tune is creating the first international songwriter database for new music creation which will go on to redefine the future of Royalty transparency and music rights.
It is estimated that the above-mentioned issues which music industry is facing is a 2.5B$ worth problem. Tune has been working to fill this gap while also providing a great platform for upcoming artists. Aspiring artists will have access to quality music producers and the platform will help them bypass the hurdle of owning or renting a studio or learning about how to handle technology to properly produce or record on a Beat.
Tune platform seeks to become the decentralised data and contract mechanism that will maintain an immutable ledger to store all that is relevant to artists, producers and fans.
Since each party in the system is bound to TUNE smart contracts, it grants transparency and payments to right holders and enrich the trust within the ecosystem.
RecordGram will be the first app to utilise TUNE platform and provide the users a way to participate in new content creation and engage within the community and also advertise based on their purchase power.
This is achieved by launching the tokens where contributors of the TUNE platform will be rewarded by TUNE tokens that unlock functionality, value and status of the member within the platform. Going forward Tune anticipates creating TUNE Credits (TUNC) which will act as the internal means of consumption and compensation across the platform for artists, producers, curators and fans.
For detailed information on technology stack please take out time to read the technical whitepaper on https://tunetoken.io before making your mind to invest in TUNE.
Token distribution and details of tune token.
Ticker: TUNE
Total Supply: 1 Billion
Accepted payment modes: BTC ETH
Soft cap: 15000 ETH
Hard cap: 45000 ETH
Private sale : March 9 2018
Crowd sale: April 3 ( if needed)
Tune is also giving out wallet airdrops for existing RecordGram users where tokens will be distributed via TUNE smartcontract.
The tune team is headed by Erik mendelson, Shawn mims and Winston Thomas along with many other well known music legends and blockchain technocrats as advisors.:
Currently the project is in the phase of private sale. For any person or organisation interested in investing and being part of TUNE platform is encouraged to visit https://tunetoken.io and create an account and complete the KYC.