Bitsong (BTSG) : A Decentralized Platform To Liberalize Music Industry

flamepower (44)in #cryptocurrency • 6 years ago

Music Industry is definitely a large industry generating Billions of Dollars in revenue. Like all other industries, Music Industry is a source where people earn their living, realize their dreams and remain connecting to it for the sake of entertainment which music brings. Although, current Music industry is centralized and works in a hierarchy whose main purpose is profit making only for the large stakeholders but what about the common people?

Users of all the music platforms never get anything in return out of their time they spend on browsing music applications while owners of same application earns in Million. This has to change.

A platform is coming to realize the common man's dream of earning while watching, listening or even browsing music applications. This platform is built on Ethereum Blockchain and works completely in decentralized manner.

Bitsong (BTSG) Core Framework

Bitsong is a decentralized blockchain based project which allows musicians and users alike to earn while they participate actively in the music industry. This project profits both listeners and musicians.

It is very difficult for a musician to create and list that music of centralized music platforms. Apart from the high cost, sometimes they get neglected without any reason. Bitsong seeks to correct it.

Musicians can now access a platform where they can write, compose and list their songs. Also, they can get a fanbase after making their profile on Bitsong Fanbase page.

Listeners will also earn by listening their favorite music in BTSG tokens.

Bitsong (BTSG) Specifications

Bitsong is focused on realizing the potential of musicians by eliminating unnecessary hurdles in their way. Artists can do the following on Bitsong's platform:

No longer need a record label to upload music
Will get revenues from the advertising generated by one’s music
Can resell songs and use on social networks to build a fan-based loyalty
Will receive fast payments
Will have a better idea as to the associated costs without having to spend in excess

Bitsong is built on Ethereum Blockchain which is relatively fast and support smart contracts.

Bitsong provides a good platform to advertisers as well. They can now spent a lot less while advertising their content to a large audience and audience will also earn in return.

Bitsong has integrated Interplanetary File System (IPFS) within their blockchain. IPFS is a peer-to-peer distributed system which brings together all the computer devices together. High throughput speed will be provided and hyperlinks will be created along the way. This also allows artists to distribute their work without having to worry about plaigrism in their work.

Bitsong (BTSG) Tokens

BTSG token in the in-built token of Bitsong platform which can be used for the variety of works within the platform. With BTSG tokens, one can buy songs, make any sponsorship or donations, tickets can also be bought, merchandise can be ordered and voting can also be done via BTSG tokens.

Users will get these tokens free for listening to their favorite music and in doing so they can earn while they listen.

Bitsong (BTSG) Public ICO

Bitsong Crowdsale will go live from 10th August 2018. All the contributions will be received in Ethereum (ETH). The crowdsale will remain live for 90 days. So, participate in the ICO now to get the early benefits of the platform as well as attractive discounts.