POTENTIAM ICO review

catalogico.com (27)in #ico • 6 years ago

The Potentiam platform – is a huge step towards the decentralization of the music industry.

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Potentiam – is a closed social network, where composers and performers can meet each other, collaborate and advertise themselves, join music groups or create projects together. Potentiam platform has its own digital production studio, with all necessary tools for recording, editing music or writing compositions.
With the help of the management tools which offer this platform, users can administer and control their own content, including copyrights created inside or behind the Potentiam platform.

Platform offers four types of product distribution and monetization:

digital sales (for example in iTunes, Beatport, Spotify);
physical sales (the right to release CDs with content developed on Potentiam)
license for synchronization (the right to use Potentiam content for synchronization with a commercials or video games)
license for broadcast (the right to broadcast Potential content via radio or TV)

Also, the management system will allow users to control the share of copyright. The file with the finished record can be placed in the user’s directory, thereby the authorship rights will be confirmed. If the final version of the work is the result of cooperation, the share of copyright will be distributed according to the agreement of the parties. If the performer try to use the content of the composer, he will be asked to provide the system with a license to get access to this content. After the license agreement is reached, the artist will be able to work and after publish the finished work in his catalog.

Another distinctive feature is the opportunity for performers and promoters to communicate by using this platform. Through such opportunity, the Potentiam team is s setting to disrupt the market and answer to $4.5 billion annual investment made by the major record labels into Marketing and A&R.
A system like Potentiam will enable musicians to monetize their talent and cut management and marketing costs.

The personal token that will be entered is PTM – ERC20 token with appropriate functionality. It will act as the main currency used for transactions on various distribution modules on Potentiam platform.