Entertainment is one sector in the world today that contributes much to the economy. Though fragmented and with fair share of limitations, STAYGE promises to apply the blockchain as disruptive agent that will change the face of entertainment.
However, it is pertinent to note that the platform is interested to do so because of palpable relegation of artists to the background. What this means is that these performers hardly derive the benefits they are being maligned by intermediaries.
The Need
If Michael Jackson was to be alive at the moment, he would be disappointed that his fame only exists in the pages of tabloids. He might even be turning in his grave because despite the stead of his career that saw him tour most parts of the world, only a fraction of the world population can actually recognize him facially. The others merely came to know about him by his songs and tone and not by face. Some hardly keep up with his live performances because succinct information to that effect is not available.
It is rather abysmal that a fan cannot first-hand information about his favorite artist. He cannot predict his next move or next tour. To this end, fans are not in tune with what is up with their favorite artists and these formed part of basis why STAYGE was invented.
There was need to forge lasting relationship between artists and fans. Because this was not in place because of overt roles played by centralized platforms, such relationships were not fostered.
On the other hand, it seems artists that previously enjoyed royalties are being shortchanged. Before now, distribution platforms where their tracks are on paid subscription remit some share of proceeds to them. It had been discovered that what they get is actually a fragment and not up to what the income they ought to generate from their tracks.
In the same vein, fans are the spenders. They buy tracks and albums and at the end, they only make artists and distribution channels richer without any dime making its way to their pockets.
No Intermediaries
The overall essence of the blockchain was to create connections without third party affiliations and same scenario is replicated here. Platforms such as iTunes won’t be needed any longer; especially if the larger population of entertainment lovers adopts STAYGE. With this, more funds will be pushed to artists and there are token-incentives for fans.
Fans’ Support
Sometimes, artists are at lowest financial ebb and at such points, they lack funds to push forward their next album. In the light of this, STAYGE had made its ecosystem open to artists’ support. Fans can contribute funds to their favorite artists so the latter can be able to achieve his mission.
Apart from this, there are other variations to support for artists such as purchasing their albums when released. Because peer interactions are in vogue, fans only have to remit funds in cryptographic currencies and same is pushed to artists while they get access to tracks they paid for.
Getting Started
If you wish to be part of this amazing platform, all you have to do is log on to the platform and key in the name of your favorite artist. When this is displayed, you can then become part of the grouped fan page for the artist. It is through this medium that interactions can be made. Artists will become aware of their fan base and get to interact with them at intervals.
There is also referral program that will be unveiled later. The idea was to issue token-incentives to fans that invited others to the platform.
Benefits for Artists
Some popular musicians run targeted adverts on social media platform such as Facebook to bring to the notice of the larger population, their latest contents. Such move became necessary because they barely know their fans.
However, with a platform such as STAYGE particularly tailored for artists and fans, there won’t be need for digital campaigns. To this end, the peer interaction had already proved viable channel for fan-to-artist interactions.
Hence, there will saved funds from what could have been spent on digital campaigns. This is however not fiat. Fans are by virtue of being encouraged with token-incentives, ready to support artists.
The ACT Token
The activity token, ACT will feature in paid contents such as buying tracks or booking concerts. It will also be used by fans to contribute funds to expansion of artists; horizons. As the ticker signifies, it is used for actions – paying for services within ambient of the platform.
Allocation of Tokens
Crowd-sales: 50%
Foundation: 5%
Reserve: 15%
Community: 12%
Team and Advisors: 18%
Token Sale Information
Token Symbol: STG
Platform: ICON
Token Supply Unit: 10 billion STG
Exchange Rate: 1 STG= 0.0025 ICX/ 1 ICX= 400 STG
Soft Cap: 2.5 million ICX
Hard Cap: 12.5 million ICX
Accepted Payment: ICX
Registration Country: Estonia
Restricted Areas: Japan and the USA
STAYGE’s experienced and devoted Team
Advisors
Rounding Up
STAYGE is poised to decentralize the over $2 billion USD entertainment industry. It is worthy of note that a bull run is imminent as Tron (TRX) now has another vibrant competitor. On a lighter note, the platform (STAYGE) creates room for seamless interactions between artists and their fan base and the former can now grasp the number of fans supporting his songs.
For more insight and updates on Stayge project, visit the links below
Website : http://www.stayge.io/
One-Pager : https://bit.ly/stg-onepager
Whitepaper : https://bit.ly/stg-whitepaper
Twitter : https://twitter.com/STAYGE_One
Facebook : https://www.facebook.com/STAYGE.One
Google+ : https://bit.ly/stg-google
Medium : https://medium.com/@stayge
Reddit : https://www.reddit.com/r/STAYGE/
STEEMIT : https://steemit.com/@stayge
Telegram : https://t.me/stg_en
Writer's Information
Bitcointalk username : deodivine1
Bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=1390292
ICON wallet address : hx3433cfcb8f32f7242b10e7804ca7c0fd65e3408d