Soundeon is a Blockchain concept that aims to disrupt and reorganize the music industry. To do this, it is offering a platform where artists and music lovers can interact on a global scale. The characteristics of the network will be anchored on the independence of musicians, stakeholder and music enthusiasts all over the world.
The music industry is generating billions of dollars. However, the share that goes to musicians is much lower given the many third-party participants are commonly known as promoters, managers, event manager, etc. who pocket a significant share of the musicians’ earnings.
On the streaming scene particularly, the year 2016 saw a jump of volumes by 60%, which did not correspond to a surge of artists’ profits. This is because the deals that musicians get for their work are shadowy, unfair, and lack accountability and transparency.
On a broader perspective, the music industry is divided between recorded music sales, live ticketing sales and ticket resells. Collectively, the ventures are worth over $66 billion. The existence of these fragmented sources of music revenue for artists exposes them to fraudulent record producers and other intermediaries who not only take away a significant chunk of their revenues but also claim a stake in the music copyrights. A Blockchain that unites these fragments can generate over $274 billion that will be primarily owned by songwriters.
The Soundeon Solution
The Blockchain has a mission of linking musicians with their fans directly. Additionally, the platform aims to empower creative signers by encouraging creativity and originality of talent. In all these, the Blockchain will proffer to songwriters digital media rights to protect their content from duplication and copying from third parties.
The development team believes that a decentralized system where censoring and external control is non-existent will be the driving factor of the network’s growth.
Token Symbol: SOUNDEON
Price of token: 1 Soundeon Token = 0.056923 USD
Accepted Currencies: ETH, BTC, LTC, BCH
Total Tokens: 1,000,000,000
Type of Token: ERC20
Presale Dates: 27 June – 29 September
Presale Min Personal Cap: $1000
Presale Bonus: 10% from $70
20% from $1,000
30% from $10,000
Crowdsale Dates: 30 September – 30 October
Crowdsale Min Personal Cap: $70
Crowdsale Bonus: 5%
Soft Cap: 52.7 million tokens
Hard Cap: 650 million tokens
Features Of The Blockchain
Live ticketing solution. The Blockchain will host a solution will host a program where ticketing is done on an online ecosystem to keep track of the earnings, sales and to eliminate fraud.
Music rights management and administration solution. Music producers and record shops have always had a stake in music much to the disadvantage of artists as some of them have been losing ownership rights to their songs. This feature will ensure total ownership rights by songwriters.
Built-in loyalty schemes. To make the blockchain fan-centric, there will be customer reward schemes to award epic music enthusiasts and encourage more music consumption.
Soundeon player. There will be a Radio Frequency Identification Device (RFID) that will enable fans to access music based on location and other factors. It will host a cashless payment system for events.
The Token. Soundeon will proffer utility tokens to platform users. Songwriters will be able to directly get value for their songs, and everyone will benefit from token value appreciation.
Soundeon Blockchain is the long overdue solution to songwriters’ problems. It will proffer the artists control over their creativity, excite the music fans, and create a decentralized network of music distribution. Additionally, the platform will propel little known but talented musicians to stardom by creating a global and leveled playing field.
ETH Address: 0xAD45210F521747e3550a587d409665d96f2368E2