STAYGE Network can gear towards healthy and property growth within the recreation market. Activated communities through rewards systems encourage the participation of artists, investors and numerous stakeholders in recreation industries. Through their voluntary participation, a range of services like media production, crowd funding, ticketing, and commerce will be provided in STAYGE Network. Moreover, it'll act as a peer to-peer platform that doesn't involve any unreasonable fee structure.
STAYGE Network may be a blockchain-based Artist-Fan system that STAYGE One can co-produce with all artists, fans, and business partners within the industry STAYGE Network equitably rewards fans for his or her value-creating activities by employing a cryptocurrency, that fans will use to buy product like albums, goods, and digital contents provided by artists. A good rewards system motivates fans, and this encouragement results in higher levels of participation and also the acquisition of latest teams of fans. This suggests STAYGE Network functions as a self-motivated fan promoting platform. Moreover, STAYGE Network introduces antecedently unsuccessful, intangible price into the system within the kind of cryptocurrency, facultative a virtuous cycle during which each the fandom’s value-creating activities area unit monetizable and expendable product will be purchased, providing a replacement driver for the property growth of the market and also the system.
The crypto economy links along numerous services within the system that has been fragmented till now. Even once fans create use of varied services within the system, all of their activities area unit recorded within the blockchain of STAYGE Network, and fans area unit able to purchase contents or area unit rewarded by identical cryptocurrency. Recorded data within the blockchain and also the quantity of the cryptocurrency reserve are Associate in index for fans’ contribution to the success of their artists, and their contributions will be recognized through these specific figures within the community.
STAYGE Network Structure
Core Layer
Core Layer may be a platform wherever all the knowledge of STAYGE Network is keep. The data delivered through STAYGE Network includes dealing information associated with product and contents, data on community activities, and content information.
Blockchain Module
Storage Module
Content Module
Information Module
Interface Layer.
Interface Layer provides numerous Apis and SDKs to utilize the functions provided by the Core Layer. Through the perform of the Interface Layer, it's doable to implement functions like case, token exchange, and dealing of varied product. The service application developed during this approach constitutes the Service Layer that's to be represented below.
Service Layer
Service Layer refers to numerous applications developed victimization SDKs and Apis provided by the Interface Layer. the fundamental DApp services that may be seen within the Service Layer embrace communities that use rewards systems, product markets that support token transactions, and ticketing services, etc. a number of the a lot of refined services embrace crowd funding and exchanges that may trade tokens across numerous communities.
STAYGE Coin(STG)
Coin dealing between users happens once a product is purchased or by participation during a vote via STG. once coin dealing happens, community leaders inside STAYGE Network perform authentication of the dealing. Some leaders taking part during this method area unit rewarded for his or her authentication. Community leaders to participate in authentication area unit hand-picked supported their contributions to the community. Once a coin transfer is completed, STG is paid as a bequest.
Usage of STG
Converting to ACT and connexion a community
Making payments to artists
Community activities or getting product that involve multiple artists.
Community Activity Token(ACT)
ACT is issued to every artist’s fan community. Once fans autonomously produce an exponent community of a selected creative person and area unit recognized as a legitimate fan community, ACT is then issued consistent with the activities inside same community and consequently given to the contributors as rewards for his or her activities.
Usage of ACT
The right to talk and create choices inside the fan community
Purchasing artists’ official albums or product
Purchasing tickets for creative person concerts or fan conferences
Purchasing artists’ digital contents
For More Information About STAYGE:
Website: http://www.stayge.io
Whitepaper: http://www.stayge.io/whitepaper/STAYGE_Whitepaper_en.pdf
Telegram: https://t.me/stg_en
Twitter: https://twitter.com/STAYGE_One
AUTHOR: anusha208
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