Record is an attempt to bring the blockchain technology and its benefits to the world of music. The online world of music has several disparities that are causing many artists and music producers to lose money and not be able to encash upon their creative works and publication of the same. RecordFarm proposes a music platform on blockchain that would be a reward based system. Artists, as well as listeners, would be rewarded fairly with cryptocurrency on the platform.
Features of RecordFarm
This platform would offer the following features:
- This platform, described as the Record ecosystem would have Record or RCD tokens that would facilitate transactions on the system.
- It would be a decentralized platform that would work based on the Ethereum smart contract system.
- The music platform would have content creators who would be rewarded with RCD tokens to create and upload original content.
- RecordFarm would offer rewards to artists who share and post music and would also be compensated for their work.
- Those who come on the platform as listeners would be able to interact with the creators of music, be able to share music and this, in turn, will lead to judging the popularity of music content and create competing for the same. They would be rewarded for their activities on the platform with tokens as well.
This platform would help revolutionize how the digital world works for the music industry. It would make music making more profitable, competitive as well as make it more rewarding for the listeners who usually need to pay for subscribing to music services or for downloading the same. On this platform, they can help evaluate music that is put up by composers and artists and be rewarded for the same. They can also help to promote music content and download the same at fair prices.
Team behind Record
The team working behind Record comprises of professionals who bring their varied expertise and domain knowledge to implement the intended objectives for the platform. Harrison Shin acts as General Manager, Moon Heo as project manager, and Sunah Son as a developer and several others. Everyone brings their combined and varied expertise to implement this blockchain based model for the music industry.
Lucrative aspects of Record
Today the online music world makes it an unfair distribution platform for music makers. Most artists and composers are unable to gain the right rewards for their work. That is what Record aims to correct through a blockchain platform and smart contract based tokens. The system would reward not only music composers and artists for uploading their original works on this platform, but would also make it rewarding for those who listen and share music on this platform. It is also a lucrative project for investment. As music industry looks for ways to gain back a profitable existence in the digital world this platform would offer a pioneering way to make music profitable and rewarding for investors, listeners as well as artists.Overview of RECORD (RCD) Token Sale
- Name of token: RECORD
- Symbol: RCD
- Type: ERC20
- Token Price: 1 RCD = 0.1 USD
- Fundraising Goal: 15,000,000 USD
- Contribution method: ETH
- Total supply: 300,000,000 RCD
Pre-sale: Starts on April 15, 2018 (GMT)
Crowdsale: Starts on April 30, 2018 ~ June 30, 2018 (GMT)
Token Sale
| Pre-Sale | ROUND A | ROUND B | ROUND C |
| DISCOUNT 20% | DISCOUNT 10% | DISCOUNT 5% | DISCOUNT 0% |
| TOKEN PRICE $0.080 | TOKEN PRICE $0.090 | TOKEN PRICE $0.095 | TOKEN PRICE $0.1 |
| HARDCAP 15,000,000 RCD | HARDCAP 45,000,000 RCD | HARDCAP 45,000,000 RCD | HARDCAP 45,000,000 RCD |
PRE-SALE
- Date: April 15, 2018 (GMT) ~ April 22, 2018 (GMT)
- Token exchange rate: 1 RCD = 0.0800 USD (20% Discount)
- Minimum contribution amount: 5,000 RCD
- Maximum contribution amount: 10,000,000 RCD
- Contribution method: ETH
MAIN SALE: ROUND A,B,C
Date: April 30, 2018 (GMT) ~ June 30, 2018 (GMT)
- Round A: Until the first 45,000,000 RCD is all sold (10% Discount)
- Round B: Until the second 45,000,000 RCD is all sold (5% Discount)
- Round C: Until the third (last) 45,000,000 RCD is all sold (No Discount)
- Minimum contribution amount: 5,000 RCD
- Maximum contribution amount: 50,000,000 RCD
- Contribution method: ETH
Links
Website: http://recordfoundation.org/
Whitepaper: http://recordfoundation.org/public/RecordFoundation/assets/pdf/RECORD_Whitepaper.pdf
Telegram: https://t.me/RECORD_Foundation
Posted from my blog with SteemPress : https://icoshrimp.com/recordfarm-to-provide-a-unique-block-chain-approach-to-the-music-industry/