What Is BitSong?
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).
When it comes to the musicians’ end, there is obviously a lot of work tied to releasing a single, from writing and composing to financing it. Unfortunately, not all musicians have the necessary funds to create music videos let alone producers to invest in them.
According to the BitSong team, each musician can be relieved as their work will reach its audience without any negative influences preventing them. This can mean eliminating individuals who raise costs unnecessarily, any type of manipulation in rankings or the need for labels or distributors.
The BitSong Decentralized Music Streaming Blockchain 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.
THE BiTSONG PLATFORM
This stage needs to offer opportunities to the marketing specialists with the objective that they can contact their social occasion of individuals thusly avoiding center individuals who use to extend the publicizing costs. The stage will make it in a way whereby the pros can get endowments in BTSG tokens,they can change over this tokens to cash and can use it to help the progression of their own music. They will get livelihoods from the advertisement made by their music and after that trade the tunes. Save navigated bitsong token will be credited to the specialist wallet rapidly and they can have the ability to pull back it.
At first the skilled workers used to sit tight for some time before a record stamp can be sends for various reports yet with the bitsong arrange everything have change the authorities never again hold up again and they can check the headway of their work consistently direct inside his ethereum wallets.
Bitsong is the essential anytime decentralized music spilling stage that depends on the ethereum blockchain. This stage is basically attempted to benefit the two entertainers and the group of onlookers individuals. The gathering of people individuals are been allowed to get to new music and moreover despite for each play. As demonstrated by the bitsong platform,each craftsman can be quieted as their work will contact its group with no negative effect turning away them.
THE BiTSONG BLOCKCHAIN SOLUTION
The stage has setting up a couple of assessments which it expects to execute with a particular ultimate objective to have the ability to grow the craftsmen potential. The going with are what the stage will make open to the skilled workers.
(1)They can have the ability to trade tunes and use the relational associations to gather a fan based endurance.
(2)They will get speedy portions
(3)They will have a better idea with respects than the related costs without spending in excess.
(4) They can have the ability to get livelihoods from business delivered by ones music.
(5)They will never again require a record stamp to exchange music.
TOKEN DETAILS
The BitSong token or known as (BTSG) is the currency of BitSong. This can be utilized for amass the donation or sponsorship, or different things that can enable BitSong to very much created.
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
PROJECT TEAM
Website: https://bitsong.io
WhitePaper: https://bitsong.io/docs/whitepaper_en.pdf
Telegram: https://t.me/bitsong_ico
Twitter: https://twitter.com/BitSongOfficial
Facebook: https: //www.facebook.com/BitSongOfficial/
Ann: https://bitcointalk.org/index.php?topic=2850943.0
Author by: Najith
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2264251