Dench Music is a Dutch full-service music production company that produces music and music videos, recruits and manages musical talent, and provides a full suite of music production and music distribution services for domestic and international markets. Dench Music is launching an ICO to fund its expansion into the for-profit production of best of class, popular music videos using A-list artists who are partnered with talented, but not yet globally famous, DJs. Dench Music seeks to engage potential investors in the company.Our vision is for everyone to be able to participate in the creation of songs from their favourite artists, to interact with the music industry, to gain access to interaction and benefits that have never been offered before using decentralised processes and Blockchain technology. Our participants will enjoy receiving direct profits while enriching the world with great music. Our goal is to raise 35 million EUR in ETH through this ICO. The Soft cap is 500,000 EUR which will cover the approximate expenses for one project.The more we raise, the more songs and videos will be created, resulting in bigger profit sharing for investors. The exchange rate that will estimate the final number of ETH needing to be raised will be established two days before the start of the Whitelist sale. Since we are already an established company, we do not need funds to build any infrastructure. The capital raised will be fully used to cover expenses of song creation and marketing related costs to optimise profitability for our investors and artists.We anticipate the funds to cover the direct expenses of approximately 40-50 projects, depending on the artists and related marketing efforts.
Benefits for Investors
Investor’s interests will be secured via an Investment Agreement through which they receive profit sharing of up to 30% in any and all profits the company generates, for a period of 6 years (June 2024).The profit sharing will be distributed among all investors based on the amount of ETH they contributed.
Benefits for investors include
Profit sharing in all future companies’ profits from the projects under this ICO until June 2024.
Transferable Investment Agreement
2,500 MIC Tokens as a gift for every ETH invested
Unique benefits on there retail platform www.denchmusic.shop
The opportunity to experience unique events and experiences with artists
Involvement in discovering and promoting new talents to stardom
Participation in developing and promoting new songs from top artists
Innovating the music industry by introducing Blockchain to the corporate entertainment world
And in the future, many more exciting opportunities!
Token info
Token – MIC
Platform – Ethereum
Type – ERC20
PreICO price – 1 ETH = 3,125 MIC
Price in ICO – 1 ETH = 2,500 MIC
BONUS
Whitelist Round – 25
Crowd Round Phase 1 – 10
Crowd Round Phase 2 – 5
Crowd Round Phase 2 – 3
Crowd Round Phase 4 – 0
Investment info
Min. investment – 0.5 ETH
Accepting – ETH
Distributed in ICO – 85%
Soft cap – 500,000 EUR
Hard cap – 35,000,000 EUR
85% of all tokens will be allocated directly to the investors; our goal is to raise as much funding as possible for the song and video creation. 5% will be allocated for bounties and rewards and 10% to the Dench Music team.
Roadmap
Q1 2017 – Publishing fund with CTM / IMAGEM Group formal establishment Dench Music BV.
Q2 2017 – Facilities in Laren cooperation with Aces Music Amsterdam.
Q3 2017 – ICO main concept finalizations whitepaper.
Q1 2018 – Negotiations with A-list artist Chris Brown start of the ICO process.
Q2 2018 – Token coding website test runs token rounds.
Q3 2018 – Development/preparation release with Chris Brown.
Q4 2018 – Songs releases first profit sharing.
Team
Team
Team is a good mix of experts from different fields.
There are experts in business administration and mechanical engineering as well as software development and finance.
All important employees can look back on a long and successful career and bring the necessary experience to the company.
Conclusion
The platform is a prime example of the meaningful use of smart contracts and is therefore absolutely groundbreaking for the future. With their experienced team and a very good vision, this is a serious project with great prospects of success
For more information
Website : https://denchmusic.io
Whitepaper : https://denchmusic.io/wp-content/uploads/2018/05/Dench-Music-ICO-Whitepaper.pdf
Telegram : https://t.me/denchmusicico2018
Facebook : https://www.facebook.com/denchmusic
Twitter : https://twitter.com/denchmusic
Author
Bitcointalk Username: richman3451
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1868745
My ethereum wallet address : 0x34f420C3d8FfB21930Bf60Ea7723e327Bb20393E
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