Music is a universal language. It has appeal through ages, races and cultures. Little wonder then that music is called the food of the soul. As the internet gathers momentum, its effect is positively affecting the music industry. However, the active participants of the industry (artiste, content writers, producers etc.) are not gaining all they should gain from this explosion.
In Recent years, reports show the growth in streaming revenues, which now makes up about 50 - 60% of the total recorded music revenues all around the globe! Today, the music industry is traditionally divided between recorded and live performances of music, each with their unique and inefficient practices nullified with the advent of the internet. The coming of the blockchain has provided a unique opportunity to correct these shortcomings and adequately cater for the wellbeing of the members of the music industry fairly.
WHAT IS SOUNDEON ALL ABOUT?
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Soundeon is a decentralized blockchain based musical and multimedia platform which is built on the Soundeon ecosystem. This ecosystem is a protocol for the modern music media. The Soundeon ecosystem is also a platform which was created to present a step-by-step solution to not only invigorate the music business with fairness, transparency, trust and independence but also to unleash the value potential of merging recorded music and ticketing into a transcending fan-centric experience.
The Soundeon platform is an Ethereum based protocol. Soundeon utilizes its registered Creative Smart Contract to create a trustless and transparent music rights management and ticketing environment that addresses the long-standing problems plaguing performing artists and fans alike.
The vision of Soundeon is to modernize the music industry. The platform will revive transparency and fair treatment of the key players so as to bridge the gap between the artist and fan. Soundeon ascribes to the principle of equal opportunity for all, independent of race, religion or family background in the industry.
This novel approach of Soundeon is to resolve the hurdles faced by artists and fans on and offline. The ecosystem depends on the blockchain technology to address these market frictions layer-by-layers.
Soundeon haven notice these problems plaguing the performing arts industry, is going to tackle them with radical transparency, equitable ownership rights management, enhanced artists funding mechanisms and fair event ticketing using this platform.
The Soundeon is an all-encompassing platform. It covers all aspects, as well as, genre 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. The approach Soundeon will utilize will eliminate inefficient and archaic market practices adversely affecting both, the artists and their fans alike, on- and offline.
The Soundeon Token
The Soundeon protocol token is a vital utility tool used to align economic incentives amongst platform participants. Specifically, Soundeon Token is used to incentivize and reward early adopters that add value to the platform through network effects.
The Soundeon utility Token is a formidable prepayment mechanism for services rendered within the platform (Music Token Sale, Soundeon Exchange, Soundeon Player, Soundeon Tix). The utility of the token also covers partner channels that are integrated within the Soundeon ecosystem.
The ICO is live and running.
In addition to the Soundeon Token, alternative forms of payment will be permitted on the Soundeon environment which includes major cryptocurrencies and fiat currencies.
FOR MORE DETAILED INFORMATION ABOUT SOUNDEON, PLEASE VISIT THE FOLLOWING SITES:
WEBSITE: http://soundeon.com/
WHITEPAPER: http://soundeon.com/Soundeon_WP.pdf
Telegram: https://t.me/soundeon
Twitter: https://twitter.com/soundeoncom
Medium: http://medium.com/soundeon
MY BITCOIN TALK PROFILE: https://bitcointalk.org/index.php?action=profile;u=1013354
MY ETH ADDRESS: 0xCE957de5c671e914604e8C0d0842Ebf8444F6144
Author: MainIbem