Beatzcoin is an integral part of the so-called music ecosystem formed on the basis of the VibraVid platform, a product of the eponymous company that conducts its operations in Fort McMurray, Alberta, Canada. The primary objective of this startup is to radically change the way consumers interact with music artists and the creative content that they produce.
The concept of Beatzcoin arose from the discrepancies in the amount of work that musicians, and other producers of creative content, such as streamers and vloggers, put into delivering high-quality intellectual products and the amount of financial compensation received for their efforts.
To put it simply, despite the fact that the music industry is once again booming, especially with the emergence of digital download options, the creative kind continues to work for peanuts. That is the major problem that VibraVid want to resolve with the help of the utility token BeatzCoin (BTZC), which is about to be offered for sale through the IEO.
The VibraVid platform was developed on the Tron blockchain, which is understandable, given that it specifically facilitates content dispersion and allows the creators to maintain precise control over their personal data and ownership of intellectual property. Therefore, the BeatzCoin, which serves as a primary mean of financial interaction between all participants, is compliant with the TRC20 standard.
The platform allows both content creators and consumers to earn BTZC in different ways. It should be noted that the registration on VibraVid is free. The common users get these tokens by participating in bounties, watching advertisement reels, and competing in different challenges.
The creators will get BeatzCoins by producing popular video and audio content, achieving most views in the designated period of time,
In its pitch deck, BeatCoin presents a comprehensive analysis of its competitors, which include YouTube, Vimeo, Spotify, Apple Music, and SoundCloud. The main advantage points of VibraVid is that this platform is decentralized, it affords the possibility of selling digital content directly to consumers, and offers the creators 95% of the profits, allowing the placement of paid ads, getting tipped by the viewers, and initiating crowdfunding campaigns.
The core concept of BeatzCoin was developed at the tail end of 2017. Throughout 2018, VibraVid was engaged in team building, web development, and initiation of marketing campaigns, which included airdrop and bounty programs. By the end of that year, the project partnered with D-12 and launched the Accelerator program. In 2019, VibraVid launched a test version of the platform and began the preparation for the IEO. Next year will see the team incorporating the ad revenue share model, launching the VibraVid TV, and integrating AI and smart contracts.
VibraVid has a medium audience across all social media platforms: 1,199 followers on Facebook, 6,399 on Twitter, and 8,039 on Telegram. However, judging from a relatively low response rate to their publications, which get posted very often, the majority of those followers has been obtained through the airdrop program.
Although there has been no official announcement regarding the commencement date of the IEO, the whitepaper says that the token sale will take place before the end of 2019, after partnerships with crypto exchanges have been fully established. The price of 1 BTZC is $0.02. The project will be aiming for the hardcap of $733 million. There is no information about the list of restricted areas.
|Start||July 9, 2019|
|End||October 28, 2019|
|14 days left|
BeatzCoin is exactly what the music and the creative industry, in general, was yearning for. Most people would agree that hardly anyone gets ripped off worse than the musicians and content creators.There are agents, music studios, and a host of other intermediaries, all of which want to have a piece of the money pie. That is a huge injustice that has to be done with. BeatzCoin will give the creators a much-needed opportunity to control their earnings and get a real appreciation from the consumers.
I am the type of person whom people call the music addict. I listen to it every day, all day long. So, naturally, I could have walked past the project like BeatzCoin. Let me tell you straight away that I find VibraVid to be an immensely interesting solution, first and foremost, for the music creators. I know a few musicians and they are constantly complaining about the injustice, financial mostly, that is characteristic of that industry, mostly because the music labels get to keep the majority of profits and dictate the rules. With BeatzCoin, they might get the freedom, both financial and creative, that they deserve.
I was a bit suspicious about this project, mainly because of the seeming lack of experience of its CEO. But then I looked at the list advisors and saw some really reputable names: Bizzare from D12, Misha Lederman, and even John McAfee. That must instill some confidence in VibraVid and their BeatzCoin. We’ll see how it plays out with this startup, but it is evident that blockchain and music are drawing closer to each other.
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