SOUNDEON: blockchain music platform.

martilda (22)in #ico • 6 years ago

Sоundеоn is a dесеntrаlіzеd muѕіс block and multіmеdіа platform built оn the Sоundеоn ecosystem - a рrоtосоl fоr modern mеdіа. Soundeon Cоmраnу іѕ a соnѕоrtіum оf blосk experts, аrtіѕtѕ, ѕоftwаrе developers, intellectual рrореrtу рrоfеѕѕіоnаlѕ аnd mеdіа lеаdеrѕ who create business іn thе mеdіа іnduѕtrу. Soundeon aim to improve the development of a new copyright management solution based on smart contracts, which ensures fairness, transparency and invariance of all operations performed and provides an opportunity for closer communication between artists and fans.

FEATURES

Soundeon Exchange is a tokenization tool and 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 is a 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.

Soundeon Player a music player that utilizes blockchain technology for transparent royalty distribution.

Soundeon Monitor incorporates sovereignty information collection shape Soundeon and other outsider suppliers. There is additionally a coordinated information investigation that shows all part of inventive contribution by the craftsman, for example, eminence accumulation, copyright, ticket deals.

TOKEN DETAILS

Soundeon token is an utility token and auxiliary payment mechanism for the services provided within the platform (Sales of music tokens, Soundeon Exchange, Soundeon Player, Soundeon Tickets), as well as through partner channels that are integrated with the Soundeon environment. Soundeon tokens enable micropayments with low transaction costs for more accurate fragmentation, providing higher value to listeners, and establishing a liquidity support mechanism for performers.. Some benefits includes;

• As an utiliity prepayment instrument for administrations rendered on Soundeon

• Ensures a frictionless nature of tokenization

• It makes micropayment conceivable with low exchange cost

• Provides an incentive to the audience

• Functions as liquidity assistance component for the craftsman

The soft cap for the token sale is $3 million, while the hard cap us $7 million. This implies that, if this minimum cap is not reached, the funds will be returned to the contributors. Also, if the marketing phase of this project is not reached, the roadmap is expected to adjust. According to the whitepaper, this is to ensure platform longevity and tokenomic sustainability.

Any unsold token will be locked for a year. This measure will be taken to ensure the commitment of the Soundeon team towards the longevity of the media environment. After this lockdown period, the token will be used for the Soundeon global marketing campaign.

TOKEN DISTRIBUTION

65% of the tokens will be used for product development.

14% of the tokens will be given to the founders of the project.

4% of the tokens will be given to early supporters.

6% of the tokens will be given to councilors.

6% of the tokens will be allocated to charitable programs.

3% will be intended for the pool bounty.

2% reserve Fund.

ROADMAP