Overview:
It is blockchain based decentralized platform for the music industry which is aiming to empower and the artists and provides transparency in the industry, works on the tokenization model, partnered with well reputed companies
Problem:
Current music industry has many issues such as recorded music is beginning in the music industry, singers or artists record their music and publish with lower profits, issues in the licence leads to late and unfair payments. For live music shows and programs ticket prices are varying depend on the willingness of fans purchase, it shows lack of transparency in the ticketing system
Solution:
Soundeon came with solution for existing problems in music industry, it is a decentralized blockchain based platform for the music and multimedia, it consists of media executives, software developers and blockchain experts to support the ecosystem.
It consists of different application layers which helps in the solving problems in the industry.
Soundeon Exchange:
It is a transparent, unalterable place to connect fans with reward mechanism, its blockchain technology ensures artists, song writers to earn the entire amount. It provides easy funding for the artists for their future work and converts the fans into stakeholders to be part of artist success.
Soundeon Tix:
It is replacing the existing ticketing system with smart contracts which ensures transparent and easily verifiable and allows incentives for the fans.
Soundeon Player:
Soundeon player facilitates high-quality daily-curated playlists and provides truly fan-centric loyalty environment using deep level data.
Soundeon Monitor:
It provides artists to register their copy rights for their work which is created on Soundeon platform. Its deep data analytics provides fans to analyse the performance of their music performance and helps to find ways to monetization of channel.
Token economy:
Soundeon issues Ethereum based utility token called “SOUNDEON” which can be used in the internal ecosystem for the exchanges and funding and rewarding for the artists and fans with low operational cost.
Token details:
Token symbol: SOUNDEON
Total Supply of tokens: 1 Billion
1 SOUNDEON=$0.056923 USD
Soft Cap: $2.9M
Hard Cap – $36.9M
Pre-Sale: 27th June to 29th September 2018
Crowd Sale: 30th September to 30th October 2018
Team:
Vadim Kurochkin - CEO
Serial entrepreneur. Co-founder and Managing Partner of Hedge Fund Zilliard Capital. Successfully launched multiple projects across a wide spectrum of industries, including technology and financial space. Has experience in both private equity investments in early stage startups and portfolio management for institutional and bank clients.
Vladimir Avdeev - CVO
Co-founder and Managing Partner, Zilliard Capital. Responsible for the strategic development of the company and for the development of the hedge fund and financial engineering strategy. Previously Vladimir worked with the legendary Bolshoi Theatre, dedicating a major part of his life to the worldwide promotion and popularization of Russian art.
Egor Bushlyakov - CTO
Egor has 10+ years of experience in programming applications for high frequency trading. He also specializes in mobile applications for financial institutions, as well as for other markets. Has experience in the development of high-load projects.
Verdict:
Pros:
• Alpha version of this platform is available in their website
• Website and whitepaper has clear explanation of the project details
• Partnered with reputed companies like Bancor, Sum&Substance, LDJC capital etc.
• Advisory team is good, they have experienced members form music industry, economics, finance, IT etc.
• Social media hype is very good, its telegram community has 24k+ members
• Roadmap is clearly drafted, it shows their goals to be achieved till 2020
Cons:
• Advisory team and core team members are beginners in the blockchain technology and cryptocurrency
• No proper technical explanation in whitepaper.
Links:
Website: https://soundeon.com/en/
Whitepaper: https://soundeon.com/Soundeon_WP.pdf
Telegram: https://t.me/soundeon
Twitter: https://twitter.com/soundeoncom
ANN Thread link: https://bitcointalk.org/index.php?topic=3377820.new;topicseen#new
Bitcoin talk Username -anushkamehta0902
Bitcoin talk URL: https://bitcointalk.org/index.php?action=profile;u=2039767
ETH Address – 0xd1c62C22C078A0C6B1E42F7200F0b082EE81a64a