The pop music sector in the past had a neat division among consumers and producers. Now, however, the public are users and also producers at the similar time. The activities by fans supporting their artists are not just produce a activities that separately make added value, but also take action as secondary materials contents that are shared with both sides and fans who joy the music. In fact, the skills and the contents made by the fandom are sometimes a decisive factor in connecting artists and their music albums success.
Even though, in the conventional market, there has been no attempt to track and measures the impact made by the activities of the fandom, not to give clear rewards for them. Fans who participate to the boosted fame of artists are not rewarded for their efforts and participation, and they ironically turn into more distant from artists they assist as artists gain more popularity.
Additionally, web portals and social services, where most fans connect in their supporting activities, gain revenues via such activities but don’t share the earning with the participating fans.
That is the place where STAYGE ONE platform arrives, then a new system for artists and fans and virtual money, STG. STAYGE ONE uses block tech to tokenize the artist’s fandom to give a fair evolution and reward ecosystem that’s independent of specific firms and services. The worth of neither fan activities that historically have not been measured nor familiar will now be fairly evaluated by this society and substantialized via virtual money, STG.
STAYGE ONE will gear towards healthy and sustainable development in the entertainment sector. Activated societies via rewards ecosystems encourage the contribution of artists, investors and many stakeholders in entertainment sectors.
Via their voluntary contribution, a range of services such as crowd funding, production, ticketing, and business can be given in STAYGE ONE platform. Furthermore, it’ll act as a P2P platform that doesn’t involve any reasonable fee framework. The financial system made by STAYGE ONE network will share the added value with each participant. They highly believe that it’ll be a foundation of the sustainable development of the system.
Background
The worldwide entrainment sector was almost 1.8 Trillion by 2015 and has grown steadily at a CAGR of 405 percent fandom of many artists and their content is the base of one this huge sector. Therefore, it’s no exaggeration to say that most commerce models in the entertainment sector are rooted in fandom. The growth of technology is changing the fan ID from a simple user to an active contribution in the sector, and the impact of fandom on the entrainment sector will carry on boosting in the future.
Issuance of Tokens
STAYGE ONE network financial system is composed of 2 kinds of virtual money, STD and ACT.
ACT (Community Activity) token
ACT token is released to every artist – fan community. Where fans independently create a community of fan of specific artists and are known as a valid fan community, ACT token is then released according to the activities within said society and consequently given to the participants as rewards for their activities. This is the same as the plan of offering SBD and SP as reward writers in STEEMIT platform.
ACT token is issued via the community activities of fans, but fans they’ve complexity spending time in activities of the community can buy STC and convert into ACT token of artists they actually support.
The following is an instance of activity in which ACT token released.
Activities of community where ACR token is issued
• When you contribute as a storehouse node
• When the blog post had written in the community receive a positive response from the members of the community.
• When you contribute to the evaluation of many others member’s posts
• When you write feedbacks on diff posts written by others
• When you share blog posts by others outdoor in the shape of permalink
• When you contribute in vote made by a fan or artists in a community.
• When you connect accounts of other social network services, ( YouTube, Twitter, Instagram, Facebook, Telegram, etc)
• When you sell and make items related to your artists
• When you’re recognized for contents you earlier made on your artist which helped promote your artists
Links for further info:
Website: http://www.stayge.io/
Whitepaper: http://www.stayge.io/whitepaper/STAYGE_Whitepaper_en.pdf
bitcointalk username: wdtd
ICON Address: hx4c2d2d4b14a5d434735f7ed9657765e9890032cb
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