what is DenchMusic?
Our goal is to raise 35 million EUR in ETH through this ICO. The Soft cap is 500,000 EUR which will cover the approximate expenses for one project. The more we raise, the more songs and videos will be created, resulting in bigger profit sharing for investors. The exchange rate that will estimate the final number of ETH needing to be raised will be established two days before the start of the Whitelist sale. Since we are already an established company, we do not need funds to build any infrastructure. The capital raised will be fully used to cover expenses of song creation and marketing related costs to optimize profitability for our investors and artists. We anticipate the funds to cover the direct expenses of approximately 40-50 projects, depending on the artists and related marketing efforts.As a main component of our ICO, we offer investors up to 30% profit sharing. Our approach is fully legally compliant and allows eligible investors to participate in the profit sharing opportunity. Prof- its will be directly linked to the songs created as a result of the ICO. Profit sharing percentages and amount invested will be clearly stated in the Investment Agreement which will be signed by every participant. The Investment Agreement will remain valid from the end of the ICO until June 2024. In the first year, revenue sharing is paid out quarterly and annually thereafter.
Token Information
Token: MIC
Platform: Ethereum
Standard: ERC20
Amount: 500,000,000 MIC
Price: 1 MIC = 0.0004
Payment ETH: ETH
Soft seal: 500.000 EUR
Hard cap: 35.000.000 EUR
PreICO
Quantity: 125,000,000 MIC
Start: 22.06.2018
Settlement: 24.06.2018
Bonus: 25%
ICO
Quantity: 300,000,000 MIC
Start: 10.07.2018
End: 31.07.2018
Bonus: 10% - 0%
Token Distribution
Gifts and gifts (5%)
Orders (10%)
Sales (85%)
Distribution of collected funds
Promotion (6%)
year free online (5%)
Shoot Photo (1%)
legal fees (33%)
Video budget, vocal budget (6%)
Travel (6%)
Modeling (20%)
Management (13%)
The product (4%)
ICO and Team
DENCH is powered by MIC Tokens based on Ethereum ERC20 platform. It is a utility token that will be used on DENCH platform for participation and also as rewards, incentives and for profit sharing. The team comprises of competent professionals from related industries to offer their working experience as a background for creating an international music platform.
Conclusion
The best thing I found about DENCH interface is that it has given itself room for expansion. If a business does not have enough space for evolvement it will surely start stagnating like the current systems after a certain time. DENCH is based on the highly advanced and developed blockchain technology that uses smart contract and AI technology to offer scalable, transparent, secure and traceable transactions.
Website - https://denchmusic.io/
Whitepaper - http://denchmusic.io/wp-content/uploads/2018/05/Dench-Music-ICO-Whitepaper.pdf
ANN - https://bitcointalk.org/index.php?topic=4177212.0
Telegram - https://t.me/denchmusicico2018
user name: Lisa Alex
Btalk profile - https://bitcointalk.org/index.php?action=profile;u=2295954
address: 0x33b0515EFe1Dd5661e2617835D62b9b4f0882DAa