SOUNDEON PROJECT ((ICO 2018))-THE BLOCKCHAIN MUSIC PLATFORM

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Good day everyone all over the world, and I extend my greetings to all my dear readers. I welcome you all once again to this Wonderful CRYPTOCURRENCY NETWORK BLOG, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

INTRODUCTION:

The music industry consists of the companies and individuals that earn money by creating new songs and pieces and selling live concerts and shows, audio and video recordings, compositions and sheet music, and the organizations and associations that aid and represent music creators. Among the many individuals and organizations that operate in the industry are: the songwriters and composers who create new songs and musical pieces; the singers, musicians, conductors and bandleaders who perform the music; the companies and professionals who create and sell recorded music and/or sheet music (e.g., music publishers, music producers, recording studios, engineers, record labels, retail and online music stores, performance rights organizations); and those that help organize and present live music performances (sound engineers, booking agents, promoters, music venues, road crew).

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The industry also includes a range of professionals who assist singers and musicians with their music careers (talent managers, artists and repertoire managers, business managers, entertainment lawyers); those who broadcast audio or video music content (satellite, Internet radio stations, broadcast radio and TV stations); music journalists and music critics; DJs; music educators and teachers; musical instrument manufacturers; as well as many others. In addition to the businesses and artists who work in the music industry to make a profit or income, there is a range of organizations that also play an important role in the music industry, including musician's unions (e.g., American Federation of Musicians), not-for-profit performance-rights organizations (e.g., American Society of Composers, Authors and Publishers) and other associations (e.g., International Alliance for Women in Music, a non-profit organization that advocates for women composers and musicians).

The modern Western music industry emerged between the 1930s and 1950s, when records replaced sheet music as the most important product in the music business. In the commercial world, "the recording industry"–a reference to recording performances of songs and pieces and selling the recordings–began to be used as a loose synonym for "the music industry". In the 2000s, a majority of the music market is controlled by three major corporate labels: the French-owned Universal Music Group, the Japanese-owned Sony Music Entertainment and the US-owned Warner Music Group. Labels outside of these three major labels are referred to as independent labels (or "indies"). The largest portion of the live music market for concerts and tours is controlled by Live Nation, the largest promoter and music venue owner. Live Nation is a former subsidiary of iHeartMedia Inc, which is the largest owner of radio stations in the United States.

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In the first decades of the 2000s, the music industry underwent drastic changes with the advent of widespread digital distribution of music via the Internet (which includes both illegal file sharing of songs and legal music purchases in online music stores). A conspicuous indicator of these changes is total music sales: since 2000, sales of recorded music have dropped off substantially while live music has increased in importance. In 2011, the largest recorded music retailer in the world was now a digital, Internet-based platform operated by a computer company: Apple Inc.'s online iTunes Store.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: SOUNDEON

WHAT IS SOUNDEON?

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Soundeon: is 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 the contractual resale of both existing and future music assets, to concert organization and ticket sales. Advances in blockchain computing enabled us to develop the patent-pending Creative Smart Contract (CSC)™, a self-executing media rights agreement that is the backbone of our platform. Informational symmetry, immutability and agility of the easy to use CSC™ inherently enhance fairness, transparency, and trust, which the music industry lacks.

ABOUT Soundeon

In 2016, growth in streaming revenue achieved a staggering 60.4%, now making up 50% of the total recorded music revenue worldwide. Whilst the likes of iTunes and Spotify explode in streaming volumes, this success often surpasses the actual artist, profiting cliques of powerbrokers through clandestine backroom deals. As an evergrowing share of artist’s income derives from touring and events, intermediaries have caught up and plagued the simple process of ticketing into an extortion scheme victimizing artists and fans. Soundeon presents a step-by-step solution to not only invigorate the music business with fairness, transparency, trust and independence but unleash the value potential of merging recorded music and ticketing into a transcending fan-centric experience.

This is the world’s first vertically integrated blockchain solution that transcends digital multimedia distribution and live event ticketing. Based on the proprietary Ethereum-based protocol, Soundeon utilizes its registered Creative Smart Contract to create a trustless and transparent music rights management and ticketing environment that addresses the long-standing problems plaguing performing artists and fans alike.

The Soundeon protocol token – the Soundeon Token is a vital utility tool used to
align economic incentives amongst platform participants. Specifically, Soundeon
Token is used to incentivize and reward early adopters that add value to the
platform through network efects.

The Soundeon Token constitutes a utility prepayment mechanism for services
rendered within the platform (Music Token Sale, Soundeon Exchange, Soundeon
Player, Soundeon Tix) as well as through partner channels that are integrated with
the Soundeon environment.

Soundeon Token ensures the frictionless nature of tokenization.
The Token allows for micropayment with low transaction cost for more accurate
splits, greater value for the listener and a liquidity facilitation mechanism for artists
(who then may use token across other layers and platform partners).

MISSON:To discover new talent and empower creators to take control of their works by developing a blockchain-based digital media rights management and live ticketing environment that is uncensored, immutable, fair, transparent and fosters an evercloser relationship between the artist and fan.

VISION: We envision a modern music industry that is revived with transparency and fair treatment that bridges the gap between the artist and fan. Where talent’s success relies on merit and creators can solely focus on creating.

SOUNDEON FEATURES

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Create your own token sales for your music and video projects
Sell existing music royalties on the platform in fractions through smart contracts
Register and protect copyrights and other intellectual property rights worldwide
Collect worldwide royalties through a single, free, and easy-to-use digital interface with an integrated smart contract and gain revenue insights along with data analysis
Stream your music via our blockchain player with transparent royalty distribution technology.
Participate in music token sales and become a co-owner of copyright and other intellectual property rights
Buy existing royalty streams
Collect all of you "worldwide" royalties within a single application environment with insight analytics. With built-in smart contracts this process is automatic, verifiable and transparent
An opportunity to support your favourite artists directly
Discover new tracks and personalized playlists with built-in loyalty rewards, both online and offline
Discover latest events, book and purchase tickets at face value. Get personalized suggestions and promotions for upcoming events.

SOUNDEON TEAM & ADVISORS BOARD

SOUNDEON ROADMAP

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SOUNDEON ICO ANALYSIS

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The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the SOUNDEON PLATFORM

Music Token Sale available for registered artists, which are passed KYC, and want to fund their work, inviting fans and general audience to become a part of creative process. Artist uses Soundeon Platform to create Music Token Sale Roadmap based on one of existing templates and standard blocks. Visual constructor allows to set timings, goals and funding for each production phase, as well as conditions to unlock next tranche. Entire roadmap is published as a set of smart contracts. At this moment, MTS Tokens become available for sale and audience can start funding special MTS wallet. If DAO model chosen to unlock tranches, backers will be invited to vote for unlocking new tranche if artist declares milestone goal reache.

With MTS Tokens backers receives a right to collect royalty that will generate use of the intellectual property created by artist. Rights Register start tracking this information for future use. By using Soundeon Monitor artists can create tailored license for their needs, choosing from available categories. Each category implemented by its own set of smart contracts. License categories:

●Regional license

●Restricting types

●More categories can be added to the system later

SOUNDEON TOKEN ANALYSIS

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The Soundeon protocol token – the Soundeon Token is a vital utility tool used to align economic incentives amongst platform participants. Soundeon Token’s technical and economic characteristics provides a highly liquid and low transactional cost form of payment on the platform. The key use- cases for Soundeon Token existence include:

●The Soundeon Token constitutes a utility payment mechanism for services rendered within the platform (Music Token Sale, Soundeon Exchange, Soundeon Player, Soundeon Tix) as well as through partner channels that are integrated with the Soundeon environment.

●Soundeon Token ensures the frictionless nature of tokenization.

●The Token allows for micropayment with low transaction cost for more accurate splits, greater value for the listener and a liquidity facilitation mechanism for artists (who then may use token across other layers and platform partners)

In addition to the Soundeon Token, alternative forms of payment will be permitted on the Soundeon environment; namely, major cryptocurrencies and fiat currency.