Tune
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.