maniecool: BEATBIND

What if the music industry’s hundreds of thousands of artists — who are especially cash-strapped when they can’t tour, like right now in the Covid-19 pandemic — didn’t have to wait a cripplingly long time to get their royalties, but rather could receive streaming money instantaneously? Broaden that thought experiment: What if there was a “merch royalty,” so that the artist got a cut every time a branded hoodie or piece of art was resold, or a system to ensure accurate paychecks for musicians?All these things are possible, according to music’s cryptocurrency enthusiasts — a growing group of tech-obsessed entrepreneurs who want to apply the technology of blockchain and bitcoin to the multibillion-dollar global business of selling albums. Crypto advocates want to engineer a new financial system for music that can support real-time revenue streams and ultimately hand much more power to the individual artist. The average music fan may be easily deterred by these conversations: Cryptocurrency is, well, cryptic, and articles on the subject tend to be filled with in-the-know jargon and lengthy digressions. So Rolling Stone has scoped out the landscape and, with the help of experts like Zach Katz, Shara Senderoff, Adam Alpert, and RAC, we’ll walk you through the genesis, potential applications, and latest developments in what crypto can mean for music.

After Watching the Video and reading the introductory part of my article, it is my pleasure to introduce you to the project titled Beatbind

BeatBind connects musicians, venues, event organizers and fans to create the most memorable music events on Earth. BeatBind aims to become the long-awaited platform for music event organization, with BBND being the cryptocurrency token used for all its transactions.

Furthermore, BeatBind aims to solve these problems one by one through the development of the Platform and the wider ecosystem. The main idea is to enable all participants in the event organization's ecosystem to connect and interact efficiently. Beatbind will take advantage of the high demand for the best artists, organizers and venues and significantly increase their rates using a variety of auction models. BeatBind will provide more opportunities for new artists both locally and globally. In addition, fans can purchase tickets directly from the organizers of all events created on BeatBind, preventing fraud, counterfeiting and scalping of tickets. The new freebies of a market like this will include the creation of a variety of events, from concerts and festivals to exclusive private parties. As the Platform scales, the barriers to entry will be significantly lowered for all parties. Finally, BBND as the official token will capture most of that new value, which will be created for the first time in the world on BeatBind.

BeatBind platform - The Ecosystem

BeatBind is a long overdue industry platform for music event organization.

BeatBind is developing a multi-stage business, each level standing above the other, to tackle each of the 4 industry-prevailing problems:

BeatBidder

A platform for connecting venues, DJs, artists and all other parties involved in the process of organizing a music event. We connect DJs, artists, venue owners and everyone involved in the music event organization process to provide all with the best possible opportunity. By leveraging the auction system, Beatbind seeks to both increase revenue for DJs and the most popular venues, while large market size cuts costs and lowers entry barriers for nearly everyone who takes part in producing music events. BeatBind also counts promotion, sponsorship, and organizational outsourcing of events among the services that the platform is ultimately interchangeable with.

BeatBuy

Ticketing will be a default feature of any event created on BeatBind, which will be immediately sold and offered to the fan base, thereby massively reducing entry barriers. This prevents ticket scalping, counterfeiting, and a secondary market boost that steals $ 8 billion annually from event creators. BeatBuy will eliminate this problem and put the money back in the pockets of artists, organizers, and all the businesses that actually create experiences.

BeatX

The app gives fans the leverage they need to shape even those attending, and experience oriented events like dating. Fans will have access to the news feed and will be involved in a variety of ways to help organizers better shape events that are attended by the same fans. To ensure the integrity of all transactions and to protect all parties, BeatBind plans to introduce a strict escrow protocol for refunds in the event of a failed transaction and dispute resolution.

BeatAI

Provides revenue projections and other heuristics that help all platform users decide who to hire, where to appear, etc. The platform will use machine learning to generate revenue estimates to help you justify decisions in any part of the music event organization process. This will greatly reduce the risk and spur even more growth. BeatBind believes this is just a step the industry needs to take to get out of the darkness caused by a lack of data, and make better decisions.

About The BeatBind Technology

BeatBind uses a blend of both bleeding-edge and battle-tested technologies to bring superior performance and flexibility to every part of its ecosystem. BBND will be implemented as an ERC20 Standard Token on the Ethereum blockchain network. Similarly, other Smart Contracts necessary for the working of BeatBind will be implemented on Ethereum, and will enjoy the full security of its blockchain.

This gives the following properties to all the transactions on the BeatBind Platform:

Security, because every transaction on the blockchain is secured with the latest cryptographic protocols

Transparency, because every transaction on the blockchain can be accessed and verified by anyone

Immutability, because every transaction on the blockchain is permanent, and no one party has the authority to change history.

Thus all transactions on our Platform will be open, crawlable and verified. This will be accomplished via the BeatBind transaction explorer. This will be done based on the current blockchain explorer, but more personalized for one's BeatBind account, and much more accessible from a UX point of view. BeatX will extract all necessary data when interacting with our Smart Contracts on Ethereum, so that anyone can confirm that any offer or transaction of the Platform is transparent and irreversible.

About The BBND Token

"Everything will be tokenized and connected by a blockchain one day."

The ultimate vision is to make BeatBind a universal token for the music events industry.

As a trustless, truly worldwide, and low-cost payment method when compared to traditional ones, a cryptocurrency token is an absolutely necessary part of the BeatBind Platform. The BeatBind token (BBND) is a utility token and the medium of exchange for all transactions on the BeatBind platform. It will also aim to unify all payment mechanisms in music events - no more physical chips, cards, or dozens of different currencies for dozens of festivals and parties, with no way to cash them back or use them outside the events themselves. BeatBind will pursue cooperation and partnerships to transition the industry towards one natural, universal payment solution - the BBND token.

Token Details

Symbol: BBND

Platform: Ethereum

Total supply: 1 billion BBND

Accepted currencies: ETH, BTC, LTC, USDT, BSV

IEO starts: January 15, 2021

IEO ends: March 15, 2021

Price before IEO: $ 0.03

Early discount: 40% off IEO launch price

BBND Crowdsale

BBND token will be offered to the public in an IEO in Q2 2021

Marketing: Both organic and promotional activities aimed at boosting word of mouth and brand awareness

Development: Platform architecture, infrastructure, scalability, and iterative improvement

Research: technology innovation, business development analysis, and market research

Partnerships: Incentivizing big early adopters such as large venues, celebrity musicians, and promoters Legal: administrative and incorporation expenses, legal representation.

General Expenses: Equipment & office costs.

BBND Sale