Soundeon
Soundeon is a decentralized music block and multimedia platform built on the Soundeon ecosystem - a protocol for modern media. Soundeon Company is a consortium of block experts, artists, software developers, intellectual property professionals and media leaders who create business in the media industry.
Soundeon helps artists regain control of their work, monetize their talents. Since the music industry is struggling to solve issues related to digital rights management for music and in real time, Soundeon is a step-by-step approach to use.
Block technologies, such as independent independent contracts and unchanging computing technologies, allow Soundeon to create a functional, stable, secure and adaptive environment for solving practical problems in digital media and tickets. This platform covers all aspects of the music industry. From creations and copyrights to resale existing and future contracts for music assets, concert organizations and ticket sales.
Soundeon uses a multidisciplinary approach to eliminate inefficient and old market practices that adversely affect artists and fans.
According to the leading economy of the music industry, "Will Page", the world's music copyright will receive an income of $ 24.4 billion by 2015, which is $ 10 billion more than the often quoted IFPI numbers, which largely exclude income from publication and songs . In addition, direct tickets in 2017 amounted to $ 32.0 billion in primary sales and $ 9.8 billion in resale. Both segments of tickets grew with a 5-year CAGR of 14 and 19 percent with respect. In general, recordings of music and tickets represent market opportunities of 66.2 billion dollars. USA.
THIS SOLUTION COMES FROM LONG TIME
It is projected that this market will maintain steady growth over the next five years. Despite the growing opportunities, musicians see only a part of income. Inherited market practice combined with a narrower margin makes the lack of legal protection for artists in the digital age.
In addition, the music industry is difficult to navigate, which makes it inaccessible to most musicians. At the same time, they should seek recognition from music producers, managers, record companies and promoters of concerts, which only partially meet the needs of artists.
Reselling tickets (selling tickets at very high prices) is another common problem in the music industry. This harms both fans and local residents, but the artist receives the biggest financial blow that definitely jeopardizes his surroundings.
SOUNDEON PLAYER
This is a music player that depends on Blockchain technology for a transparent royalty distribution. Artists that are using the Soundeon Monitor will have the option of distributing their work via this music player.
The player is expected to collect data, which is entered onto a validated decentralized registry, on the number of times a track is played. Consequently, Soundeon members are expected to receive a fair royalty distribution and a highly accurate listener analytics.
SOUNDEON TOKEN
This is a utility token that was designed to align economic incentives among users of the platform. Soundeon token is expected to be used as an incentive and reward for early adopters who contribute value to the platform through network effects.
Some uses of Soundeon token include;
• As a utiliity prepayment mechanism for services rendered on Soundeon
• Ensures a frictionless nature of tokenization
• It makes micropayment possible with low transaction cost
• Provides value to the listener
• Functions as liquidity facilitation mechanism for the artist
Please note that other form of payment will be accepted on the Soundeon environment. This include all major cryptocurrency and fiat currency.
TOKEN SALE
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
According to the whitepaper, 65 percent of the tokens sold during the event will be used for product developments and operations. It will also be used for a global marketing expansion. The project founders are expected to hold 14 percent of the tokens.
The visionaries of the project, those that made it possible to start this endeavour are expected to receive 4 percent of the tokens. However, the will be reverse vested after 12 months. Six percent of the tokens will be held by ambassadors and advisors. These are the people that assisted the team in industry specific expertise.
The bounty pool is expected to receive 3 percent of the tokens and another 2 percent is expected to be sent to the reserve fund. According to the whitepaper, a final 6 percent of the tokens will be used for philanthropic programs. It will be used in promoting the arts in disadvantageous communities.
White paper: https://soundeon.com/Soundeon_WP.pdf
telegram: https://t.me/soundeon
twitter: https://twitter.com/soundeoncom
facebook: https://web.facebook.com/soundeon
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