ABOUT SOUNDEON

WHAT IS SOUNDEON?

Soundeon is a Blockchain platform that proposes a solution that’ll invigorate the basic business with fairness, trust, transparency, and more importantly, independence. Users will be able to unleash the value potential of merging recorded music and ticketing into a great experience for the fans.

We are talking about the first vertically integrated Blockchain solution that goes beyond live ticketing and digital multimedia distribution. Soundeon is expected to use its registered Creative Smart Contract to provide a transparent and trustless music right management, including a ticketing environment that does not include any intermediary for performing artists and fans alike.
And all these will be based on the proprietary Ethereum-based protocol.

HOW SOUNDEON WORKS

According to the whitepaper, Soundeon is a decentralized Blockchain-based musical and multimedia platform built on the Soundeon ecosystem.

To understand how this platform is supposed to work, you need to have a full picture of what the developers of the Soundeon are trying to achieve. According to the whitepaper, the primary aim of this platform is to discover new talents.

Also, the developer seeks to empower creators to take control of their work. And they intend to achieve this by creating a Blockchain based digital media rights management, including an uncensored, fair, immutable and transparent live ticketing environment. At the end of it all, the platform is supposed to foster a closer relationship between fans and artist.

The service offered by this platform covers all aspect of the music industry. These include;

• Creation and copyright of a work
• Contractual resale of future and existing music asset
• Concert organization
• Ticket sale

All these are made possible through the use of Creative Smart Contract and developing the initial application layers outlined below;

PROBLEM & SOLUTION

The music industry is difficult to navigate, which makes it inaccessible for most musicians. They must seek recognition from music producers, managers, record labels and concert promoters who only partly address the artists’ needs.

Old ways lose their savor in the ever-changing world and the music industry requires new solutions as well. The kind that could guarantee equal opportunity for all.

Soundeon – a pioneering decentralized and vertically integrated music platform that covers all aspects of the music industry. From the creation and copyright of a work to contractual resale of both existing and future music assets, to concert organization and ticket sales.

Advances in blockchain computing enabled us to develop the Creative Smart Contract (CSC)™, a self-executing media rights agreement that is the backbone to our platform. Informational symmetry, immutability and agility of the easy to use CSC™ inherently enhance fairness, transparency and trust, which the media industry lacks.

MUSIC TOKEN SALE

The music token sale is supposed to enable artists launch their own Token sales. This implies that, they’ll be able to finance personal projects using the support provided by the Soundeon community. The platform is supposed to enable artists record a new track, album or shoot a new video.
This platform will also enable music fans try out as music producers. By vesting into talented musicians, they’ll become co-owners of copyright. That means, fans can receive returns on future royalties and other revenue streams such as, concerts, music streaming services, and public performances.

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.

ROADMAP

Oct, 2017
Idea originates

Dec, 2017
Securing a pre-seed investment round (US$ 600,000) from a Singaporean venture fund

Apr, 2018
Platform alpha version launch

Aug - Oct
Soundeon Token Sale (Round A)

Aug, 2018
Beta version launch

Nov, 2018
Token Sale for all users launch

Feb, 2019
Full compliance with regulations Soundeon
Exchange layer launch

Jun, 2019
Soundeon Tix layer beta version launch

Sep, 2019
Soundeon Monitor launch

Dec, 2019
Fully working platform
Worldwide Expansion

Mar, 2020
Soundeon Protocol launch for External Services

FOR MORE CLEAR INFORMATION PLEASE CLICK THE DOWNLOAD BELOW:
Website: http://soundeon.com/
Whitepaper: http://soundeon.com/Soundeon_WP.pdf
Twitter: https://twitter.com/soundeoncom
Facebook: https://web.facebook.com/soundeon
Medium: http://medium.com/soundeon
Telegram: https://t.me/soundeon
Youtube: https://www.youtube.com/channel/UCH7BMpHF2DgDyLyhzl_2DSQ

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