Trex Token. ICO

pozdnyak (30)in #ico • 6 years ago

Introduction

Trex token is a new platform, that will be built using the Ethereum blockchain. The focus of the developers is one near to their heart. It is a project dedicated to musicians and attempts to solve a major problem for emerging artists.

Through Trex Token, musicians will have the opportunity of producing their own songs and listeners will enjoy and hear new content from any device they own Trex Token will provide the user with the possibility of using the platform in a number of ways from, free streaming, to requests for donations, payments and the insertion of advertising sponsors.

It differentiates itself from other music streaming platforms by assisting to finance music and video artists and gifting tokens to its users, from music/video enthusiasts to those for commercial
activities).

About the Project

Streaming services! have saved the music business and has become the most used instrument in the modern music environment, generating increases in the main markets and thus unlocking the enormous potential in terms of reaching the public. Global recorded music revenues reached $17.4 billion in 2017, up from $16 billion in 2016 — an annual growth rate of 8 percent. Streaming revenues in particular have contributed to this growth, and were up 39 percent year-over-year to reach $7.4 billion, or 43 percent of all revenues (Sarah Perez, Techcrunch, 2018). Trex token is a new platform, that will be built using the Ethereum blockchain The focus of the developers is one near to their heart. It is a project dedicated to musicians and attempts to solve a major problem for emerging artists. Through Trex Token, musicians will have the opportunity of producing their own songs and listeners will enjoy and hear new content from any device they own Trex Token will provide the user with the possibility of using the platform in a number of ways from, free streaming, to requests for donations, payments and the insertion of advertising sponsors. It differentiates itself from other music streaming platforms by assisting to finance music and video artists and gifting tokens to its users, from music/video enthusiasts to those for commercial activities).

Problem

When an artist creates a new single or musical album, he must invest his time to create that piece from an original idea through to the product. They finance it with their own money, contact a record label in the hope that they are interested in the song, investing and publishing it to get the most sales. This all takes many months before outcomes can be achieved .

Often however, this does not happen, as the artist does not have the necessary funds to create a music video, because he does not have the right contacts, and because the record label (given the huge amount of songs they receive) rarely invests their time and effort into the song. An artist can often find they have spent substancial time and funds without gains or revenue.

Trex Token, due to the Ethereum blockchain, finally wants to resolve these problems that hinder emerging artists within the world of music. Trex Token will provide opportunities for the advertiser to easily reach their audience, thus avoiding intermediaries who only increase the advertising cost. We will give them the choice to choose the amount to invest in each individual advertising. In addition, advertisers will get data to measure the results of their marketing campaign.

Solution

Trex Token has resolved problems for the artist by permitting them to upload their songs without any need for a record label. The artist can receive donations in TXT tokens which can be converted to cash or it can help sponsor the development of their own piece of music. Artists can also get revenues from advertising generated by their piece of music and by reselling their own songs. This will be enhanced by the social network created on the Trex Token platform and the loyalty of fans.

Funds via the Trex Token’s token $ TXT will be credited to the artist wallet immediately and they will be able to withdraw or convert as they see fit.Artists need no longer wait several months before a record label sends various reports, they can check the progress in real time directly within his Ethereum Wallet.

Through Trex Token, the advertiser will also have greater clarity on costs and will not have to pay additional intermediaries. They can create their own advertising campaign through a special advertising tool within the Trex Token platform, choosing the appropriate target.

Once a target is selected, the advertiser can choose the amount (in $ TXT he wants to invest for each advertising session. The higher the bid, the more visibility the advertising will have. Finally the advertiser will not have to pay astronomical figures, as Trex Token completely eliminates the intermediaries and allows the advertiser to decide the budget they wish to spend for individual Trex Token accepts within their platform, all songs, that are not plagiarism, but the result of the originality and work of an artist, without thereby harming the work of other artists.