Hello everyone, my dear subscribers! How many likes to listen to music? I'm sure many. And how unpleasant it was for you to learn about a paid subscription in Vkontakte? But nothing, a decent service for listening to music is coming, and this time on the blockchain and completely free! In addition, in addition to the fact that the BitSong service will not charge you money for listening to music, but will even pay its tokens to all active users!
The situation in the modern music industry
Nowadays there are a lot of people who like to listen to music. Of course, fans of all free still sit on various pirate sites, but over time they (sites) is becoming increasingly difficult. Blocking and claims from the owners do not give rest – you have to constantly change domains, wander through various mirrors and so on. In addition, their convenience, stability, design and interface leave much to be desired.
Their alternative is pay streamingmovie services. They are called so from the English word stream-stream, that is, listening to music on these services streaming, that is, only online, without the possibility of downloading, hence their second name – streaming services for listening to music. For download, there are music distribution stores such as iTunes and GooglePlay.
The most popular streaming services at the moment are Google Play, Apple Music, Spotify (music service from You Tube), Sound Cloud and Yandex Music.
The problem is that these services have to pay for listening to music. And not once, and monthly subscription, usually the price is only a couple of dollars a month. And on Yandex Music at all can be greater part of tracks listen to for free, but such listening will be accompanied by periodic playing advertising.
Features sweat service BitSong
But the platform for listening to BitSong music offers a completely different concept. Listening to music on this service, you will receive a reward for it! According to the creators, 90% of all their income from advertising, which will be seen and heard by users, will be distributed among all users (of course, according to the degree of their activity on BitSong) in btsg tokens. Of course, such an approach to music distribution could be implemented on a conventional streaming service running on standard technologies, but the use of the blockchain greatly simplifies the procedure of distribution of funds, and makes it more transparent. You can be completely sure that if the declared 90% of all income, it is so much and will get users and authors of the project will not be able to pick up more.
Everything is implemented thanks to smart contracts available in The Ethereum network ecosystem, on which the BitSong platform operates. This is called decentralization, when the system works autonomously and transparently, without human control.
As for standard music services, will be for the cost of tokens BTSG to disable ads. In addition, the tokens earned while listening to music can be spent on merch, buy a ticket to a concert or support your favorite artist. Therefore, BitSong provides great opportunities not only for listeners, but also for musicians who will publish their songs and videos on the platform. Although they receive any rewards from advertising and paying for subscriptions to existing services, such as Google Play and Apple Music, but the donation system for musicians is not built into any of the modern streaming music platforms.
I hope that this project will be able to shoot and overcome the competition of existing media giants, and we can all enjoy the unique opportunity to monetize their Hobbies music!
Whitepaper: https://bitsong.io/docs/whitepaper_en.pdf
Bitsong Website: https://bitsong.io/
Facebook Page: https://www.facebook.com/BitSongOfficial/
Twitter Page: https://twitter.com/BitSongOfficial
Medium Page: https://medium.com/@BitSongOfficial
Bitcoin Talk Thread :https://bitcointalk.org/index.php?topic=2850943
Telegram Group: https://t.me/bitsongofficial
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