Music is a very important part of our daily lives, as it has different meanings and uses to different people. There are so many types of music, and every second, new music gets produced. However, there is still the problem of song rights and royalty, as seen in times past when musicians used parts from other musicians’ jobs without due process. The blockchain technology is vast in its applications, and it has been discovered that the technology can be applied to the entertainment industry, especially the music sector.
Tune is a company that develops software using the blockchain technology, smart contracts, and includes digital tokens. Tune aims to create a platform that will solve the problem of royalty transparency and songwriter’s rights in the music industry. To this end, Tune has a licensing agreement with the popular RecordGram app.
The current version of RecordGram is available for download from the Google Play Store and App Store, and on the application, users have the opportunity to unlock beats, create multimedia content and share, while making payments with fiat currencies. In the upgraded version, there will be an integration of the blockchain technology, and it will come with more features including using cryptocurrency tokens to tip artistes, unlock beats, among other uses. Furthermore, every content generated on the platform will be recorded on the blockchain for transparency.
Token
Every payment on the app will be made possible using the Tune tokens, and 1,000,000,000 tokens will be released.
• Token Allocation
Token Sale: 40%
Community Rewards: 25%
Management Team: 20%
Strategic Partnerships: 10%
Advisors/Investors: 5%
• Use of Funds
Research and Development: 35%
Marketing: 35%
Corporate Development: 25%
Legal and Admin: 5%
This is one app that is like no other, and it will revolutionize the music industry.
Links:
WEBSITE - https://www.tunetoken.io/
TELEGRAM - https://t.me/RecordgramICO
If you have ever come across the RecordGram application on the Play Store, chances are you already know what Tune Company is and for what they are most popular today. Tune, a company that brands itself as the future of a better music industry, is a software development and management company that is bringing the benefits of blockchain technology to everyone.
About Tune Token
Tune Token Company is currently focused on building its own blockchain-based platform with smart contracts and digital tokenized application – much like Ethereum. The company is on a mission to level the music playing field with the help of blockchain technology such that no matter how much money you have or where you live, you will have the ability to awaken the inner musician in you with a simple RecordGram app that brings all the benefits of blockchain.
How Tune Token Is Decentralizing Music Production
The primary benefit of using blockchain in every industry – from the cryptocurrency and space exploration to farming and music production – is because it is a fraud and tamper-proof, and its decentralized ledgers are efficient without demanding more resources than a computer has. Tune Token is on a mission to put an end to all the problems that songwriters, composers, choreographers, and artists face in such an opaque and old-school industry.
With the use of blockchain technology in every step of the music production and distribution, transparency will be the greatest weapon to wipe out the bureaucracies and cartels in the music industry. Tune Token’s tokenized production is an ideal platform for individuals and businesses to leverage the benefits of blockchain to enable music-focused applications to run seamlessly. The applications will be able to incentivize the community and fans and offer simpler ways to create, share, and distribute content.
Tune Token’s platform brings a lot of features that will revolutionize the music ecosystem and even how the end user gets, pays for, and enjoys the music experience. The company has already brought on board a number of established influencers including TechCrunch Disrupt Cup award won by the RecordGram music app.
Tune Token ICO Details
Token Symbol: TUNE
Token Sale Starts: March 9, 2018
Token Sale Ends: April , 2018
Total Supply: 1 Billion TUNE
Token Standard: ERC 20
Soft Cap: 10 Million USD
Hard Cap: 40 Million USD
The Tune Token Blockchain Platform
The current version of Tune Token’s platform features the RecordGram App that can be downloaded from the Play Store or App Store. Once downloaded, the user can install and unlock beats, compose songs and videos, and share with friends and contacts using a fiat currency on the application.
The future version of the Tune Token blockchain platform will feature a full implementation of the blockchain technology. This will enable users to convert the Tune Tokens they earned into RecordGram credits, which they can use to tip artists, and unlock beats among other applications.