Choon
The blockchain's music solution
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Hunter's comment
This is Choon — a music streaming service and digital payments ecosystem powered by the Ethereum blockchain designed to solve some of the music industry's most fundamental problems.
Choon is a music streamin service powered by the Ethereum blockchain, and aims to remove the middle man (record labels) between musicians and listeners.
The base idea behing the Choon project is that everytime a muisc is played, the royalties are automaticaly distributed between everyone involved in the creation of the track, from artist to managers.
The Choon platform will have a token named NOTES (NTS), and it will be the currency that will power it.
Another selling point of Choon is that it will be possible to create what they call Smart Record Contracts, where artists and music manager may establish what is the percentage each one will recieve from each stream, with the tokens being distributed to each individual in real-time.
Also, they will have an interesting way to distribute the tokens:
Streaming as Mining
Streaming As Mining is a five-year introductory aspect to the Choon ecosystem, will represent the easiest way for artists to acquire cryptocurrency. In total, 40,000,000 NOTES tokens (50% of the all time fixed supply) will be distributed to artists using Choon, split pro-rata daily based on number of streams.
They already have a beta-test of its platform, where you can access here.
You can acess the whitepaper here.
Happy Streaming!
Link
https://choon.co/browse/genre-playlists?ref=steemhunt
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