POTENTIAM - Decentralized Music Platform

hurricanecol (33)in #blockchain • 6 years ago

Promoting new emerging music artists is faced with loads of difficulties, the founders of this project have worked in music management for a number of years and realise music artists challenges. In 2016 they founded a music publication Britznbeatz to help discover and promote musicians which continues to gain respect and recognition in the industry.

Potentiam is a decentralized music platform governed by the users where the rewards are distributed between all those that bring value to it without the need for middlemen.

Vision
Potentiam was created to give a voice to emerging artists, content writers in the music world and all those who strive to make it possible. This is aimed at propagating the scenes untapped talent, the platforms core function is to bring fresh faces to light through varying interactions within the music industry. Taking out the Middle men, offering the same service at a fraction of the price thereby allowing the artists to earn more, and also importantly giving the public a chance to equally earn and benefit from proceeds of the music industry.

Technology
As a decentralized public ledger sitting on top of a peer-to-peer network, the blockchain can be used to store information without relying on any intermediary, but relying instead on the contribution of every peer in the network in order to deploy a fully decentralized database, whose security and integrity is ensured by cryptographic algorithms.

Problem
The main problem is the structure of the industry system, which pose as middlemen, record label and others. This system takes lion share of the proceeds, which leaves the artists with peanuts.
POTENTIAM PROB.PNG

Solution
The chain of transactions present in the music industry from the use of middlemen will be replaced with the use of smart contracts (self-executing digital contracts) via the blockchain. This offers a safer, transparent, and cost effective solution.

A social network where composers and performers can create their own accounts to advertise themselves, seek out other artists for collaboration.

A catalog management suite where artists can manage their content, including associated copyrights, that has been created within or outside of Potentiam Core.
POTENTIAM SOLU.PNG

Main Distribution Modules

Digital sales
Physical sales
Sync Licensing
P.R.O./broadcast royalties
There will also be a live performance module which connects performers with promoters.

Tokens
Name: Potentiam Token
Symbol: PTM
ERC-20
Total minted: 100,000,000 PTM
Total tokens for public crowdsale: 60,000,000 PTM
Team tokens: 25,000,000
Other: 15,000,000
Lockup — All team tokens are locked with an emission rate of 5% per month. (Starting 1 month after ICO close). 1,250,000 team PTM will be released each month. Total vesting period for full release will be 20 months.
1 ETH = 4000 PTM
PRESALE Hardcap = 5000 ETH
Total Hardcap 15,000 ETH
ALL UNSOLD TOKENS WILL BE BURNED (This will happen in the case of not meeting our cap or in the case of Eth value increasing to the point where the hardcap cap is met quicker)

Bonuses
Presale Week 1 = 20% (Capped at 3000 Ether)
Presale Week 2 = 18% (Capped at 5000 Ether)
Main-sale Week 1 = 12% (Capped at 9000 Ether)
Main Sale Week 2 = 8% (Capped at 12000 Ether)
Main Sale Week 3 = 4% (Capped at 14000 Ether)
Main Sale Week 4 = 0% (Capped at 15000 Ether)

Road Map
POTENTIAM RD.PNG