INTRODUCTION:
Really, the subject is sensational and surprising, when it is heard that a project's work is about the musicians and their music as well. This will be the first time that this kind of project will start in the world of Blockchain . RECORD Foundation values three kinds of users.
- Artists
- Listeners
- Investors
How does the platform works ?
It became more clear to me that how this project has the potential to do much for artist by giving back to them their dignity and above all, What an artist actually deserves. Yes, I have read the white paper. Using Blockchain Technology RECORD Foundation's music platform,RecordFarm is Going to Record copyright information on the blockchain ledger permanently. This act alone will help artists by giving them clear insight on earned profit while preventing copyright infringement via transparent transactions between artists and a listeners .
At RecordFarm, listeners are not mere consumers. Listeners that join this platform have the chance in by apart of the music. They can like a song and even talk about it, and when they do, they get paid for it. As stated by RECORD Foundation, "Compensation to listeners are rewarded with RECORD (RCD) tokens, which can be used to purchase music and other related goods. Listeners can be given more than what they have paid. This is because listeners can promote music by interacting with it through voting, commenting and sharing. From this activity, listeners are ranked based on their level of contribution, which in turn allows for greater incentives." So we can safely see that RCD tokens will have a real use. By proliferating a RECORD token based service, the project will make a RECORD token economy. Thus RCD’s value will be amplified. This is the real beauty of RCD tokens, the tangibility is nearly here, and that’s what this ICO is trying to realize.
About ICO
The Running Project
I like this project because it has a new concept with a method . Record Foundation's model platform is already on the market. https://www.recordfirm.com/ they already have 3 years experience . Though their new project with a new strategy and improved platform, we hope just like 2016 , they can achieve the greater feats .
RECORDFarm Achievement:
- Asia Music App Top 3 by MWC, 2016
- Selected as a FbSTART Partner by Facebook, 2016
- Google App Editor's choice, 2016
- K-Global BD-Start Top Project, 2016
- Korea Date Agency Award, 2016
I prefer this kind of platform which is not only tied to business,but it also encourages traditional, cultural music that values an artist and their art.
To join the bounty programBitcointalk Website RECORDFoundation TELEGRAM FACEBOOK TWITTER WHITEPAPER ANN THREAD
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