BitSong ICO (BTSG Token): Decentralized Music Streaming

lukman23 (34)in #s • 6 years ago

What is BitSong?

BitSong is the first decentralized music streaming platform that has been created in Ethereum blockchain. Supposedly it is a project that benefits both the musicians and the listeners. The listeners will not only be given the opportunity to access new music, but will also win for each play (this will be discussed in detail later).

When it comes to the end of the musicians, obviously there is a lot of work related to the publication of a single, from writing and composing to financing it. Unfortunately, not all musicians have the necessary funds to create music videos and much less that the producers invest in them.

According to the BitSong team, each musician can feel relieved as his work will reach his audience without negative influences that prevent it. This can mean the elimination of individuals that increase costs unnecessarily, any type of manipulation in the rankings or the need for labels or distributors.

BitSong decentralized music transmission block chain solution

BitSong has several measures that it plans to implement to maximize the potential of a musician. Based on the BitSong white paper, artists:

You no longer need a record label to upload music
You will get revenue from the advertising generated by one's music
You can resell songs and use them on social networks to create a fan-based loyalty You
will receive immediate payments You will
have a better idea of the associated costs without having to spend excessively

It is said that all the points listed above are possible due to the use of BitSong from the Interplanetary File System (IPFS). IPFS is a distributed point-to-point file system that brings all the devices of the computer together in one. In this way, storage of high-performance blocks will be provided, as well as the addressing of content with hyperlinks to them. In addition, artists can now distribute their work by themselves, not have to worry about others copying their work and the content will load at a much faster rate, which can save external bandwidth.

Detalles de BitSong BTSG Token & ICO

The BitSong token, BTSG is the currency of this respective platform and can be used to sponsor or donate, buy songs, tickets and merchandise, make vows and other essential items. An interesting aspect of BitSong that attracts users is their ability to receive payments for listening. In particular, users will be paid for the "Attention to the user", that is, each time one hears the announcements, they will be paid.

In terms of the initial supply of currencies, it is said that it will begin sometime between the middle and end of May 2018, where 47% of its tokens will be distributed. The remaining half will be distributed among its reserve funds, equipment, model airplanes, advisors, associations and generosity. At the moment, a fixed price has not yet been revealed.

PRE-ICO 05/21/2018
Bonus: 30%
Duration: 7 days
Hard Cap BTSG: 15,000,000
PUBLIC SALE: 05/28/2018
Bonus: 20%
Duration: 14 days
Hard Cap BTSG: 10,000,000
Symbol: BTSG
Initial value: 0.062 $ = 1 BTSG
Type: ERC20

Conclusion of BitSong

In general, the idea behind BitSong seems strong, since many listeners turn to streaming platforms to download music. The team, however, has taken a step to allow musicians to create their own music without the need for record labels, which allows for a more decentralized way of making and winning music itself. The team itself consists of many members, including Giovanni Melfi, who will assume the role of CTO and developer of Blockchain. Unfortunately, the level of experience is too early to conclude, as some details related to several of your team members have not yet been disclosed. For more information, consult the BitSong technical document.

More information about Bitsong

Website: https://bitsong.io/

WhitePaper: https://bitsong.io/docs/whitepaper_en.pdf

Facebook: https://www.facebook.com/BitSongOfficial/

Reddit: https://www.reddit.com/r/bitsong/

Medium: https://medium.com/@BitSongOfficial

Twitter: https://twitter.com/BitSongOfficial

LinkedIn: https://www.linkedin.com/company/bitsong/

Github: https://github.com/BitSongOfficial

Telegram: https://t.me/BitSongOfficial

Author

Bitcointalk username is maman567