An Overview Of The LabelsCoin Platform:
Introduction:
LabelsCoin is a one-source copyright exchange platform based on Blockchain technology with a range of related services. Combined, this facilitates copyright transparency and related royalty exchanges allowing fair and transparent retribution to music creators. LabelsCoin Blockchain is built on a copyright matching engine. The Blockchain LabelsCoin is built on a copyrighted instrument that checks the status of a music against its licensing model, violates plagiarism and redistributes rights and means.
The main purpose of this platform is the creation of a reliable and global music network, which will be safe and transparent, using the block system. LabelsCoin allows its users not to worry about their data and developments, because the system guarantees copyright transparency and related royalty exchanges – by considering fair and transparent remuneration to music creators. In short, LabelsCoin Blockchain is based on a system to identify copyright compliance, it checks the status of music against licensing models, violations, plagiarism, rights and meaningful redistribution. However, to protect depositors, patented and industrial devices are provided, which are currently in production and will be available on the market.
GOALS, PLATFORM MODEL AND PATENTED DEVICE:
The main goal of launching the LabelsCoin project is to build a reliable platform for the music business with global reach, based on an advanced Blockchain, in which all participants will get real benefits.
The LabelsCoin Establishment model and strategy includes three elements:
• LabelsCoin digital currency (LBSC);
• an online music tracker system that pays royalties to copyright holders in real time;
• Patented device.
LabelsCoin will implement an online music recognition system based on the same Blockchain as the project’s digital currency. The task of this system (which will be launched in 2019) is to enable all copyright holders in the music industry (labels, songwriters, artists, and regulators) to:
- Receive information about using their music online and identify cases of plagiarism and piracy;
- get statistics on the use of music in real time;
- Receive timely royalty payments.
According to the LabelsCoin forecast, in the short term (a year after the introduction of the music recognition system), royalty payments will be made in the digital currency LBSC. However, in order to attract users as soon as possible and increase their confidence in the LabelsCoin ecosystem, at the initial stage, participants will also be invited to receive payments in other Cryptocurrencies, such as BTC and ETH.
LABELSCOIN WALLET:
LABELSCOIN will allow the transfer of Tokens through the LABELSCOIN Wallet. Each platform users can choose between different Blockchain assets as a source of payment in the LABELSCOIN Wallet. Furthermore, users can easily convert various types of Blockchain assets such as Bitcoin (BTC), Ethereum (ETH), from one to another easily using their personal LABELSCOIN Wallet. The LABELSCOIN application facilitates the storage of easy management of royalty portfolios, simple fund transfers between people, and many other functions.
The LABELSCOIN wallet plays a central role in the LABELSCOIN ecosystem. It serves as a cold storage 3 for its users which allows for deposits and exchange of Cryptocurrency as well as a solution for paying music royalties. Moreover, the wallet will be connected to the leading crypto-exchange.
FEATURES OF THE LABELCOIN PLATFORM:
• Pay for what you use
• Plan ahead your usage
• Know where your payment goes
• Integrate with external tools such as automatic speech recognition
• Create new copyrighted songs
• Owner management Royalty redistribution under control
• Analytics about your song
• Fair payment policy across all channels
• Handle litigation and verify compliance
• View statistics
• Transparently collect fees directly and at minimum cost
TOKEN:
We believe that the community plays an important role in becoming a global crypto trading platform and investment. Therefore, we want our community to be able to participate in our future growth through this form of funding, as compared to traditional business funding that limits investment to minority elites. Universal Coins: LABELSCOIN, LBSC is a fuel that will power all the services provided by the LABELS Blockchain. We are already in talks with the Copyright, Artist, and Label, physical and digital Community Collection to make LBSC the preferred Coin for their upcoming music services, as they migrate to a decentralized platform. We imagine that LBSC will be used by the upcoming Music industry for various purposes including payment to authors, automatic audience monitoring etc.
THE PLATFORM TOKEN AND ITS CHARACTERISTICS:
The first step of LabelsCoin Establishment (back in 2018) will be the creation of the digital currency LabelsCoin (LBSC). This currency can be used to reward members of the LabelsCoin ecosystem in the future.
In this case, the LBSC token will be independent of the LabelsCoin Establishment's products and services. At LBSC, you can buy goods and services, as well as use it as a value storage tool, like any other Cryptocurrency. Thus, in the process of developing an online music recognition system and the patented LabelsCoin device, the token will lead its own independent existence. The token is functionally independent from other areas of the company - in particular, from the point of view of the ICO, the LBSC digital currency should be considered, like any other on the market, without regard to the specifics of the LabelsCoin Establishment Company.
ICO TOKEN INFORMATION:
Tokens Distribution:
The majority of the tokens will be offered during the pre-sale and the main sale. The remaining tokens will be distributed among advisors, the team and bounties. The following graphic shows the planed distribution of the tokens. Blockchain technology gives us the chance to make your finances grow faster and give better returns.
Tokens Allocation:
We care of you. We are well-aware that such innovative technology, needs of energy and financial resources to implement it into the market. Every aspect whether it is in R&D or in marketing is studied carefully to reach our common goal.
Token symbol-LBSC
The cost of a token: 1 lbsc = 0.0001515 BTC
Pre-sale will take place from September 7 to October 7, 2018.
Soft cover 5 ' 500 ' 000 LBSC
Exchange rate: BTC 0.10605 = 1000 lbsc
Bonus during the pre-sale period: 30%
There are a Total of 10 000 000 LBSC
The main period of sales
Tokens available: 20 000 000 LBSC
Accepted currency-VTS, ETN
ROADMAP:
BOARD MEMBERS:
TEAM MEMBERS:
PARTNERS:
For More Information Please Kindly Visit The Links Below:
Website: https://www.labelscoin.io/
Whitepaper: https://www.labelscoin.io/LABELSCOIN_WH_v0.5.pdf
Instagram: https://www.instagram.com/labelscoin/
Facebook: https://www.facebook.com/labelscoin/
Telegram: https://t.me/LabelsCoin
Github: https://github.com/LabelsCoin
Twitter: https://twitter.com/LabelsC
Ann: https://bitcointalk.org/index.php?topic=5029883.0
Reddit: https://old.reddit.com/user/labelscoin/
YouTube: https://www.YouTube.com/channel/UC6AG8aQQE3SSGGfQn7dy2Yw/
Author’s Details:
Bitcointalk Username: Dtotti78
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2343031
My Eth Wallet Address: 0xB03B27f2f725637249977581F0128Ac5cC6A12f7