Introduction
Soundeon is a Blockchain based vertically decentralized integrated music platform which covers all the aspects of music industry. This platform basically aims to discover a new talent and empower creators to take control of their works by introducing a blockchain based digital media rights management and live ticketing environment. Through decentralized, they are offering modern music industry more transparency and fair treatment which bridges the gaps between the artist and fan. For music rights management and ticketing environment, they are utilizing an Ethereum based Smart Contract to create a trustworthy and transparent platform.
Problem
The problem is in the traditional music industry where there is split in between recording and live music ticketing. The music industry is difficult to navigate where it is inaccessible for most musicians. The problems which are facing by the traditional music industry are –
In music publishing agreements where they are contributing 65 to 85 percent of the aggregated net publishing income to the songwriter. Sometimes paying for mechanical licenses are higher fees taken by music publishers. There are also many such complications in jurisdictions where Mechanical Copyright Protection Society (MCPS) collects high number of fees for the music regulation.
There are problems in Record Company Contracts as well where due to many intermediaries authenticated money or revenue is not being getting by song writer and artists. There are higher regulation fees leads to less circulation of revenue to the song writer. There is also a problem in live ticketing event because of ticket is being sold in black system in double price.
Solution
The solution where Soundeon is come up with their decentralized blockchain based music and multimedia platform on connecting the artists and fans. They are solving the problems of modern music industry of radical transparency, equitable ownership rights, artists funding mechanisms and live event ticketing.
They are offering an artist to have full control over their creations, monetize their and fans are getting closer connection with their artists. Through blockchain integration, they are creating a platform to solve the problems of digital media and ticketing by covering all the aspects of the music industry.
Through Smart Contract protocol, they are offering several services to music industry. They are –
Music Token Sale – Offer an opportunity for artists to launch their token sale and finance projects with the help of the community.
Soundeon Exchange – Offering decentralized exchange where everyone can buy or sell their royalty income with an opportunity to create their personal music royalty portfolio.
Soundeon Tix – This is a fan centric blockchain based ticketing platform where they are eliminating ticket scalping, fraud and enable organizers to take full control over the ticket resell.
Soundeon Monitor & Player – In monitoring, they are offering all the aspects of the artist’s creative output and in player they are offering transparent royalty distribution.
The Team
Vadim Kurochkin – CEO – He’s a serial entrepreneur. Also, a Co-Founder and Managing Partner of Hedge Fund Zilliard Capital. He’s having expertise in technology and financial sector. Also, has experience in both private equity investments in early stage startups and portfolio management for institutional and bank clients.
Vladimir Avdeev – CVO – He’s a Co-Founder and Managing Partner at Zilliard Capital. He’s having experience in the strategic development of the company and for the development of the hedge fund and financial engineering strategy. Previously, he worked with the legendary Bolshoi Theatre, for promotion and popularization of Russian Art.
Egor Bushlyakov – CTO – He’s having 10+ years of experience in programming applications for high frequency trading. He’s also specializes in mobile applications for financial institution and for other markets as well.
Token Matrix
Token – SOUNDEON
Total Supply – 1 Billion
Price – $0.056923 USD
Soft Cap – $2.9M USD
Hard Cap – $36.9M USD
Pre-Sale – 27th June to 29th September 2018
Crowd Sale – 30th September to 30th October 2018
Social Media Reach
Facebook – 117.7k+ Followers – https://www.facebook.com/soundeon/
Twitter – 13.5k+ Followers – https://twitter.com/soundeoncom
Telegram – 24.6k+ Members – https://t.me/soundeon
Verdict
The Social Media hype is excellent, and they are active on their Telegram Group.
The Website and Whitepaper both explained in detail and easy to understand.
There are 15 core members in an executive team behind this project who are having expertise in Business Development, Financial Sector, Art Industry, Mobile Application etc. But, they are lacking in Blockchain experience.
They have 8 advisors on board who are having expertise in Music Industry, IT, Finance and Economics. They are also lacking in Blockchain experience.
The Roadmap is provided with their milestones till 2020. The MVP is available as an Alpha Version of the platform on their website.
They have partnered with Bancor, LDJ Capital, Open Music, SmartDec and Sum & Substance.
For Detailed Information
Website – https://soundeon.com/en/
Whitepaper – https://soundeon.com/Soundeon_WP.pdf
ANN Thread – https://bitcointalk.org/index.php?topic=3377820
Bitcointalk Username – ritikagupta
Bitcointalk URL – https://bitcointalk.org/index.php?action=profile;u=1375471
ETH Address – 0xA6119b0AF2EC4A3e8A64f8ADA1dBF152f06eC392