What is BitSong Project?
BitSong is the first-ever decentralized, music streaming platform to have been built on the Ethereum blockchain. It is supposedly a project that benefits both musicians and listeners. The listeners will not only be given the opportunity to access new music but will also be earning for every play (this will be discussed in detail later on).
BitSong is a project dedicated to musicians and listeners and will generate profit for the artist and the users who listens to their songs while creating a money saving opportunity for advertisers. On the BitSong platform you will be able to produce songs in which an advertiser can attach advertisements and users can access from any device. For each advertisement listened, the artist and the listener will get up to 90% of the profits invested by the advertiser The user will be paid for the "User Attention", the producer will receive earnings in real time, the advertiser will be able to optimize the campaign after viewing the reports.
BitSong Vission:
BitSong's vision is to create a new revolutionary brand linked to music streaming that is unlike any other platform.
SMART TV CHROMECAST: BitSong will generate profits for artists and the users who listen to their songs, while creating a money saving opportunity for advertisers. Our goal is to be present on any Smart TV equipped with Chromecast, through Smartphone app stores, on any personal computer through a web interface or software and finally any car equipped with a Smart Radio.
USE OF BLOCKCHAIN: BitSong will be the new point of reference for the music market and will be fully developed using the technologies that the blockchain has available. Using the blockchain affords Bitsong with the means to be decentralized and be more community – based compared to its competitors. Currently viewing a music video is via YouTube, listening and streaming is via Spotify, marketing is on iTunes or Beatport and advertising is on social media. BitSong aims to solve this problem once and for all.
AUTONOMY: Bitsong will provide artists with full autonomy to upload their song (without a distributor or a label), and their own music video, advertise it through their own fanpage (on the BitSong platform) and interact with their fans.
BITSONG PLATFORM: A holistic one – stop shop approach, choice is given to to the user, to watch videos, stream music and have the ability to use whichever device they own to partake in Bitsong. This also permits the artist to manage their social media fanbase from one source, their Bitsong channel, thereby retaining their fans on one single decentralized music platform.
WEB RADIO /TV: We have already planned to create an official Web Radio / TV that will stream the best tracks on the platform, there will also be musical contests in which the artist will promote his music (only users with BTSG tokens can express their preference) . In addition to the official Web Radio / TV, there will also be the possibility to open a streaming channel where you can broadcast your events, or perform live via our platform.
BLOCKCHAIN CHARTS: Today musical rankings are easily influenced or modified by external sponsorships. BitSong will proposes to store all user reactions (such as streams, like, comments and anything else) on their blockchain, thus generating the first verifiable and above all, real music classification for rankings.
BitSong Solution:
BitSong has several measures that it plans to implement in order to maximize a musician’s potential. Based on BitSong’s white paper, artists:
No longer need a record label to upload music
Will get revenues from the advertising generated by one’s music
Can resell songs and use on social networks to build a fan-based loyalty
Will receive immediate payments
Will have a better idea as to the associated costs without having to spend in excess
All of the listed points above are said to be possible because of BitSong’s use of the Interplanetary File System (IPFS). IPFS is a peer-to-peer distributed file system that brings together all computer devices into one. In doing so, a high-throughput block storage will be provided, as well as content addressing with hyperlinks to them. In addition, artists can now distribute their work on their own, not have to worry about others copying their work and contents will be loaded at a much faster rate, which can save external bandwidth.
BitSong Technology:
In some ways, IPFS is similar to the World Wide Web, but however IPFS can be seen as a single BitTorrent swarm, which exchanges objects within a Git repository. In other words, IPFS provides a high-throughput block storage model and with content addressing, with via hyperlinks to content. The keyword of the Interplanetary File System is therefore decentralized.
This technique makes it possible to distribute information on a rather large network of nodes and makemaking it them easily traceable. The search for the contents wis ill then be based on the a hash identifier, so as to be.
This ensures that one can sure to find exactly what was one is looking for sought while remaining in the shelter of possibleprotected of possible network malfunctions. precisely because of the fact that the Iinformation on it is based on the project are is disseminated and made redundant on numerous independent nodes.
Team:
Roadmap:
Token Sales Detail:
The BitSong token, BTSG is the currency of this respective platform and can be used for making a sponsorship or donation, buying songs, tickets and merchandises, making votes, and other essentials. An interesting of BitSong’s that users might be attracted to is their ability to get paid for listening. In particular, users will be paid for the “User Attention”, that is, every time one listens to the advertisements, he or she will be paid for it.
In terms of the Initial Coin Offering, it is said to commence sometime between mid and end of May 2018, where 47% of its tokens will be distributed. The remaining half will be distributed among its reserve funds, team, airdrops, advisors, partnerships and bounty. For the time being, a set price is yet to be revealed.
Token: BTSG
PRE-ICO 05/21/2018
PUBLIC SALE: 05/28/2018
PreICO Price: 1 BTSG = 0.044 USD
Price: 1 BTSG = 0.062 USD
Platform: Ethereum
Accepting: ETH
Minimum investment: 0.01 ETH
Soft cap: 3,000,000 USD
Hard cap: 25,000,000 USD
Country: Malta
Whitelist/KYC: KYC & Whitelist
Restricted areas: USA
For more information:
Website: https://bitsong.io
Whitepaper: https://bitsong.io/docs/whitepaper_en.pdf
Telegram: https://t.me/BitSongOfficial
Twitter: https://twitter.com/BitSongOfficial
Facebook: https://www.facebook.com/BitSongOfficial/
Author: tinhkhuat
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373