BEATBIND- The Music Ecosystem

maverickcoins17 (25)in #beatbindmusiccrypto • 3 years ago

INTRODUCTION

Blockchain is technology for creating permanent, secure digital recordings that don’t rely on any single person or group. Blockchains can record any information, though the first example was created to record bitcoin transactions.

Imagine the blockchain as a book of records. Each page in that book, is a block, and can record anything. Blocks are created one after the other, chained to each other creating what we know as the blockchain.

Multiple blockchain records are maintained simultaneously by many of unrelated individuals and their computers, making it cloud storage on steroids. Updates are seen immediately and manipulation is extremely difficult/impossible. This positive quality known of many people keeping their own copies of the blockchain is known as “distributed”.

There are hundreds of blockchains created by many groups to records all sorts of information including art, medical records, computer information and much more.

But if a blockchain is not distributed among many individuals and instead run by one government, organization, group or person, than it is not at a blockchain at all. A centralized system like that is simply a database.

The evolution of the music industry to the digital age has significantly changed the paradigm of music making permanently. In this competitive environment, a trend has emerged in the music industry for survival and a greater chance at success: collaboration, with not just one, but up to a dozen artists.
Blockchain could help artists finally understand where and how their money comes in. Imagine a neatly organized portal that automatically updates all of an artist’s revenue streams, merch, touring, licensing, streaming royalties, performance royalties. That does not currently exist, thanks to the complications within multi-ownership of music works. But it could be five years or so down the line or shorter, with blockchain adoption.

What Beatbind has set out to do is to connects musicians, venues, event organizers and fans to create the most memorable music events on Earth as its name implies.

But before we go any further, please check out this video presentation to get even more acquainted with the Beatbind concept

What is BeatBind?
BeatBind aims to become the long-awaited platform for music event organization, with BBND being the cryptocurrency token used for all its transactions.The current state of the music events industry is highly fragmented, everyone's individual networks limiting their reach. The Internet proved that's not how the world needs to operate - as other industries move toward open digital solutions, the music event industry is lagging heavily behind. Scalping and ticket forgery steal value from organizers, and a lack of data mining and collection in the industry makes revenue predictions inaccurate, which in turn makes events risky ventures - hurting artists, venues, and fans equally.BeatBind will aim to solve these problems one by one through the development of its Platform and wider ecosystem. The key idea is to allow all participants in the event organization ecosystem to efficiently connect and interact. We will capitalize on the high demand for the best artists, organizers, and venues and raise their rates significantly using various auction models. BeatBind will give rising artists more opportunities both locally and globally. Furthermore, fans will be able to directly purchase tickets from organizers of all events created on BeatBind, preventing fraud, forgery, and ticket scalping. A new free market like this will encompass creation of the events of every kind, from concerts and festivals to exclusive private parties. As the Platform scales, barriers of entry will be lowered significantly for all parties. And finally, BBND as the official token will capture a good part of that new value, which will be created for the first time in the world on BeatBind.

The BeatBind Ecosystem
BeatBidder

A platform for connecting venues, DJs, artists and all other parties involved in the process of organizing a music event. We connect DJs, artists, venue owners and everyone involved in the music event organization process to provide all with the best possible opportunity. By leveraging the auction system, Beatbind seeks to both increase revenue for DJs and the most popular venues, while large market size cuts costs and lowers entry barriers for nearly everyone who takes part in producing music events. BeatBind also counts promotion, sponsorship, and organizational outsourcing of events among the services that the platform is ultimately interchangeable with.

BeatBuy

Ticketing will be a default feature of any event created on BeatBind, which will be immediately sold and offered to the fan base, thereby massively reducing entry barriers. This prevents ticket scalping, counterfeiting, and a secondary market boost that steals $ 8 billion annually from event creators. BeatBuy will eliminate this problem and put the money back in the pockets of artists, organizers, and all the businesses that actually create experiences.

BeatX

The app gives fans the leverage they need to shape even those attending, and experience oriented events like dating. Fans will have access to the news feed and will be involved in a variety of ways to help organizers better shape events that are attended by the same fans. To ensure the integrity of all transactions and to protect all parties, BeatBind plans to introduce a strict escrow protocol for refunds in the event of a failed transaction and dispute resolution.

BeatAI

Provides revenue projections and other heuristics that help all platform users decide who to hire, where to appear, etc. The platform will use machine learning to generate revenue estimates to help you justify decisions in any part of the music event organization process. This will greatly reduce the risk and spur even more growth. BeatBind believes this is just a step the industry needs to take to get out of the darkness caused by a lack of data, and make better decisions.

About The BeatBind Technology

BeatBind uses a blend of both bleeding-edge and battle-tested technologies to bring superior performance and flexibility to every part of its ecosystem. BBND will be implemented as an ERC20 Standard Token on the Ethereum blockchain network. Similarly, other Smart Contracts necessary for the working of BeatBind will be implemented on Ethereum, and will enjoy the full security of its blockchain.

This gives the following properties to all the transactions on the BeatBind Platform:

Security- because every transaction on the blockchain is secured with the latest cryptographic protocols

Transparency- because every transaction on the blockchain can be accessed and verified by anyone

Immutability- because every transaction on the blockchain is permanent, and no one party has the authority to change history.

Thus all transactions on our Platform will be open, crawlable and verified. This will be accomplished via the BeatBind transaction explorer. This will be done based on the current blockchain explorer, but more personalized for one's BeatBind account, and much more accessible from a UX point of view. BeatX will extract all necessary data when interacting with our Smart Contracts on Ethereum, so that anyone can confirm that any offer or transaction of the Platform is transparent and irreversible.

TOKEN SALES
BeatBind ecosystem utility token. BBND's main vision is to become a universal medium of exchange for the music event industry. The Ethereum blockchain provides all the privacy, security and decentralization that such tokens deserve. BBND will be traded on a public exchange, but users of the BeatBind platform are protected from price volatility during daily use. The complete list of BBND use cases is described in the whitepaper.

Token Information:

Symbol: BBND
Platform: Ethereum
Total supply: 1 billion BBND
Accepted currencies: ETH, BTC, LTC, USDT, BSV
IEO starts: January 15, 2021
IEO ends: March 15, 2021
Price before IEO: $ 0.03
Early discount: 40% off IEO launch price

Coin distribution:

BBND Crowdsale

Marketing: Both organic and promotional activities aimed at boosting word of mouth and brand awareness

Development: Platform architecture, infrastructure, scalability, and iterative improvement

Research: technology innovation, business development analysis, and market research

Partnerships: Incentivizing big early adopters such as large venues, celebrity musicians, and promoters Legal: administrative and incorporation expenses, legal representation.

General Expenses: Equipment & office costs.

BBND Sale