🚀SOUNDEON ⚡ First Blockchain Music Platform ❗
You are tired of your daily routine! I know that will help you! Just think! Sometimes, the heart only wants what the soul needs: immersive music, emotionally stimulating and stimulating. And for that, I want to draw your attention to the SOUNDEON project.
To discover new talent and empower creators to take control of their works by developing a blockchain-based digital media rights management and live ticketing environment that is uncensored, immutable, fair, transparent and fosters an evercloser relationship between the artist and fan.
We envision a modern music industry that is revived with transparency and fair treatment that bridges the gap between the artist and fan. Where talent’s success relies on merit and creators can solely focus on creating.
In line with this conviction, Soundeon prescribes to the principle of equal opportunity for all, independent of race, religion or family background. It is our shared responsibility to promote the arts across disadvantaged communities by contributing 10% of Soundeon’s income to philanthropic endeavors.
The Soundeon Solution
Soundeon is a decentralized blockchain-based musical and multimedia platform built on the Soundeon ecosystem – a protocol for the modern media. The Soundeon venture constitutes a consortium of blockchain experts, artists, software developers, intellectual property practitioners, and media executives that are already shacking up business as usual within the media industry.
Soundeon tackles foremost problems plaguing the performing arts industry with radical transparency, equitable ownership rights management, enhanced artists funding mechanisms and fair event ticketing.
We help artists regain control of their creations, monetize their talent and ofer fans an ever-closer connection with their artists. As the music industry struggles to resolve the problems in digitally recorded music rights management and live event ticketing, Soundeon presents a layer-by-layer use-case approach.
At its core, novel technologies within blockchain computing such as self- executing smart contracts and immutable ledger technology enable Soundeon to create a functioning, stable, secure, and adaptive environment to solve practical problems in digital media and ticketing. The platform covers all aspects of the music industry. From the creation and copyright of a work to contractual resale of both existing and future music assets, to concert organization and ticket sales.
Soundeon utilizes a multipronged approach to eliminating inefcient and archaic market practices adversely afecting both, the artists and their fans alike, on- and ofine.
Through the native adoption of proprietary technology – the CSC (Creative Smart Contract ) Soundeon Protocol resolves earlier presented problems by developing the following initial application layers:
- Music Token Sale – An opportunity for artists to launch Token Sales and finance personal projects through the support of the Soundeon community.
- Soundeon Exchange – A tokenization tool and a decentralized exchange of intellectual property where everyone can buy or sell their royalty income with an opportunity to create diversified personal music royalty portfolio.
- Soundeon Tix – fan-centric blockchain-based smart ticketing platform is natively embedded on the Soundeon environment. Dynamic QR codes and Creative Smart Contracts eliminate ticket scalping, fraud and empower organizers to take full control of ticket resells both on primary and secondary markets.
- Soundeon Monitor – Royalty data aggregation from Soundeon and third-party providers, with integrated data analytics that covers all aspects of the artist’s creative output (including: copyright, royalty collection, ticket sales).
- Soundeon Player – A music player that utilizes blockchain technology for transparent royalty distribution.
Music Token Sale
Soundeon takes a leap forward from outdated royalty rights management techniques by adding not only transparency and trust into the equation, but also artist-oriented flexibility in funding their works. Traditionally, artists were limited to private music brokers, generalist crowdfunding platforms and auction platforms. However, no viable solution exists within this $8.8 billion market. Private music brokers lack the transparency and market liquidity to ofer songwriters and performers a fair, low transactional cost model for rights sales. While general crowdfunding platforms such as Kickstarter, Crowdcube or Indiegogo introduce fan engagement, these solutions lack the operational focus and execution mechanisms to cope with complex music rights management administration. Royalty Exchange, on another hand, has the expertise in music rights sales. However, this pioneer’s business model only allows for a single music lot winner, requiring a single payment of tens of thousands of dollars. Hence alienating much of the avid listeners eager to collectively chip in smaller amounts.
On the platform, artists can gain financing and realize their creative visions (record a new album or track, shoot a music video, etc.) by organizing their own Music Token Sale.
Music fans can try themselves out as music producers by vesting into talented musicians and becoming co-owners of the copyright, ultimately receiving returns on future royalties and other revenue streams (music streaming services, concerts, other public performances and etc.). Soundeon’s Music Token Sale is a feature based on the platform’s marketplace layer – the Soundeon Exchange.
Soundeon Exchange
Delivering a transparent, equitable, immutable place of settlement of royalty rights constitutes a perfect use case where advantages of blockchain technology are exploited to their fullest potential. Artists, songwriters and other rights owners who register their creations on the Soundeon Monitor are able to sell fractions or entire future earnings of their works. Exchange occurs in-kind, in fiat, the Soundeon Token, or other leading cryptocurrencies.
Utilizing modern fintech techniques, including micropayments and securitization, hardly previously introduced into the music business, Soundeon Exchange evens out the playing field for truly independent artists to compete with big labels. At the same time, it is an excellent opportunity for fans to create diversified personal music royalty portfolios that are uncorrelated to traditional asset classes and provide diversification from market volatility.
Soundeon Exchange takes at twofold approach to value-creation within rights management:
- Connecting with fans on a deeper level with built-in reward mechanism.
- Converting fans into stakeholders and participants of the artists’ success story.
- Providing funding flexibility for artists by monetizing on their existing and establishing advances for future works – completely on the artists’ terms.
Soundeon Tix
Transcending the barrier between recorded music rights and distribution, and live event ticketing constitutes a bold move within traditionally segregated industries. In order to gain a competitive advantage in today’s crowded, attention deficient music & entertainment environment, artists must excel not only in their performance talent but also in orchestrating unique, personable, fan-centric user experiences.
A novel approach: what if the concert organizer was able to control not only the primary market but also the secondary?
The versatility and practicality of Soundeon’s Creative Smart Contract contributes to its intrinsic value. Natively, the CSC may take form of a ticketing smart contract that is transparent, and easily verifiable. The self-executing feature of the CSC allows for fan loyalty incentives when used on compatible platforms such as the Soundeon Player or third-party API integrated providers. This feature allows musicians to identify and reward their most avid online listeners to experience a live event.
Tractability of the CSC and its dynamic in-app QR code eradicates unauthorized reprints and forged tickets amongst other commonly used fraud methods. Transactional transparency allows performing artists to not only oversee the primary ticket sales, but also govern its secondary market.
The recently developed improvements in blockchain technology now allow for a holistic approach to ticket sales. Now, not only are venues empowered to set limits and rules for primary ticket sales, but also for resells. The immutable general ledger technology validates each transaction across a decentralized network governed by the rules which the event organizer prescribes. Game theory is at the core of this computational logic. As an added benefit, the ticketing website becomes much more difcult to hack than commonly used centralized systems.
Beyond streamlined sales, natively-integrated loyalty scheme and a secure environment for reselling authenticated tickets, Soundeon Tix unleashes an entirely new and highly profitable revenue stream.
Soundeon Player
Previously mentioned, the platform will have a native player that is currently under development. We believe that it is imperative for a genuinely vertically integrated music environment to support the artists from sheet music to his or her fan’s headphones. This approach not only extends from ideals but from practicalities. To date, there is not a single player that can provide us with the deep level data that we require to build a truly fan-centric loyalty environment. Artists participating on the Soundeon Monitor may elect to distribute their works via the Soundeon Player, Blockchain music player that collects data on how many plays a particular track has. The data is then entered into a validated and immutable decentralized registry. This facilitates a fair royalty distribution for all Soundeon members and provides highly accurate listener analytics. Listeners on the other hand will be able to circulate their Soundeon Tokens enjoy high-quality daily-curated playlists.
The Soundeon Token
The Soundeon protocol token – the Soundeon Token is a vital utility tool used to align economic incentives amongst platform participants.
Soundeon Token’s technical and economic characteristics provides a highly liquid and low transactional cost form of payment on the platform. The key use- cases for Soundeon Token existence include:
- The Soundeon Token constitutes a utility payment mechanism for services rendered within the platform (Music Token Sale, Soundeon Exchange, Soundeon Player, Soundeon Tix) as well as through partner channels that are integrated with the Soundeon environment.
- Soundeon Token ensures the frictionless nature of tokenization.
- The Token allows for micropayment with low transaction cost for more accurate splits, greater value for the listener and a liquidity facilitation mechanism for artists (who then may use token across other layers and platform partners).
In addition to the Soundeon Token, alternative forms of payment will be permitted on the Soundeon environment; namely, major cryptocurrencies and fiat currency.
Soundeon Token: Description
The Soundeon protocol token – the Soundeon Token is a vital utility tool used to align economic incentives amongst platform participants. Simply put, the Soundeon Token is payment mechanism for services to be rendered on the Soundeon platform. Operational services provided by Soundeon will incur some transactional fees playable in Soundeon Tokens. Fees may be incurred by content providers (i.e. intellectual property owners or service providers) and well as the content consumers (i.e. listeners, ticket buyers), depending on the platform layer.
Soundeon Token: Key Characterisics
- Ethereum-based ERC20 Tokens issued on-demand at purchase
- Exchange Rate 1 Soundeon Token = 0.056923 USD
- KYC / Whitelist: Yes KYC/AML Provider: Sum & Substance
- Total Token Supply 1.0 billion no new tokens will ever be created
- Soft cap: 3 million USD
- Hard cap: 37 million USD
- Token Type: Utility Legal Opinion Provider: Hedman Partners
Soundeon Token Sale (Round A)
- Soft cap: 3 million USD
- Hard cap: 16 million USD
Token Utility
- Bootsrap network effects Trade ariss’ coins
- Fair-play guarantee
- Payment for platorm services
Soundeon Token Use Case:
The introduction of Soundeon Tokens on the Soundeon platform is justified by the need for reduced transactional cost to enable micropayments economically viable as well as streamline and simplify on-chain transactions. Micropayments, in turn, are essential for the strategic goals of the Soundeon platform to bring accessible royalty ownership to large number of fans at once. Soundeon Token may be used to engage early adopters that add value to the platform through network efects.
Soundeon Token Characteristics:
The number of Soundeon Tokens issued at the tokensale is capped at 1 billion tokens. Initial tokens will be issued at the exchange rate of 1 Soundeon Token = 0.056923 USD. Only tokens purchased at the Token Sale are issued on-demand. This means that the supply is capped at initial issue and no need to “burn” excess tokens.
Layer by Layer Description of Token use:
Music Token Sale: On the music token sale layer, fans are able to purchase artists “Music Token Sale“ campaign tokens with their Soundeon Tokens. “Music Token Sale“ campaign tokens represent a percentage of ownership of a given future asset – namely the royalty rights to an underlying asset described in the “Music Token Sale“ campaign. Once purchased, “Music Token Sale“ campaign token holders are eligible to receive their appropriate share of royalties from the underlying asset in fiat currency.
Soundeon Exchange: Much like the “Music Token Sale“ layer, Soundeon Exchange works in a similar manner except that the underlying asset is an existing asset rather than one being created in the future.
Soundeon Monitor: is a layer that performs the royalty rights administration and data analytics services on the Soundeon platform. The Soundeon Token is used to pay for these services rendered by Soundeon. Royalty proceeds collected in fiat remain in fiat, and distributed in fiat to the right holders. Royalties collected on the Soundeon platform (i.e. Soundeon Player), are distributed in Soundeon Tokens. Hence in each case, the transactional cost is curtailed or limited as much as possible.
Soundeon Player: Soundeon’s music player constitutes a paid subscription service with a flat fee and unlimited plays subject to Soundeon’s fair use policy. The subscription is paid in Soundeon Tokens. The artist (or the rights-holder) receives Soundeon Tokens for the content provided. In turn these Soundeon Tokens may be used on the Soundeon platform for related services.
Soundeon Tix: Soundeon’s live event ticketing platform that allow organizers to sell primary market tickets as well as administer the secondary market. On the ticketing layer, organizers may pay for tickets in Soundeon Tokens. Platform purchases, sales, and resale fees are collected in Soundeon Tokens at a prescribed rate.
Artists are getting paid very little for the streaming of their songs on popular platforms. A decentralized registry that lies at the basis of Soundeon Player collects an accurate play count of a song, and an artist gets a fair royalty for each time someone listens to it. Join us and see how your life is changing!
More information:
WEBSITE: http://soundeon.com/
WHITEPAPER: http://soundeon.com/Soundeon_WP.pdf
FACEBOOK: https://web.facebook.com/soundeon
TWITTER: https://twitter.com/soundeoncom
TELEGRAM: https://t.me/soundeon
My bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1705618
My ETH address: 0x19011D455b8eD658b7f47525AB723a0194191735