2. Project Vision
3. Token Informations
4. Token Distribution
5. Use of Funds
6. Token Details
8. Ico Timeline
1. The new music streaming era
The first decentralized music streaming platform
BitSong is a new music platform, which will be built using the Ethereum blockchain and the IPFS distribuited filesystem.
BitSong is a project dedicated to musicians and listeners, to solve one of the major problems related to the world of music. Problems that a musician who wants to emerge knows very well.
On the BitSong platform you will be able to produce songs in which an advertiser can attach advertisements and users can access from any device. For each advertisement listened, the artist and the listener will get up to 90% of the profits invested by the advertiser. You can also receive donations from your fans for your next album.
Now you are paid!
The current music streaming companies are like intermediaries between advertisers and producers. We want to upset the musical world thanks to the blockchain technology.
The user will be paid for the "User Attention", the producer will receive earnings in real time, the advertiser will be able to optimize the campaign after viewing the reports.
The technology of the blockchain is advancing fast bringing with it new improvements applicable to daily use. For this reason they decided to found BitSong, the first decentralized music streaming platform.
2. Project Vision
SMART TV CHROMECAST BitSong will generate profits for artists and the users who listen to their songs, while creating a money saving opportunity for advertisers. Our goal is to be present on any Smart TV equipped with Chromecast, through Smartphone app stores, on any personal computer through a web interface or software and finally any car equipped with a Smart Radio.
USE OF BLOCKCHAIN BitSong will be the new point of reference for the music market and will be fully developed using the technologies that the blockchain has available. Using the blockchain affords Bitsong with the means to be decentralized and be more community – based compared to its competitors. Currently viewing a music video is via YouTube, listening and streaming is via Spotify, marketing is on iTunes or Beatport and advertising is on social media. BitSong aims to solve this problem once and for all.
AUTONOMY Bitsong will provide artists with full autonomy to upload their song (without a distributor or a label), and their own music video, advertise it through their own fanpage (on the BitSong platform) and interact with their fans.
BITSONG PLATFORM A holistic one – stop shop approach, choice is given to to the user, to watch videos, stream music and have the ability to use whichever device they own to partake in Bitsong. This also permits the artist to manage their social media fanbase from one source, their Bitsong channel, thereby retaining their fans on one single decentralized music platform.
WEB RADIO /TV We have already planned to create an official Web Radio / TV that will stream the best tracks on the platform, there will also be musical contests in which the artist will promote his music (only users with BTSG tokens can express their preference) . In addition to the official Web Radio / TV, there will also be the possibility to open a streaming channel where you can broadcast your events, or perform live via our platform.
BLOCKCHAIN CHARTS Today musical rankings are easily influenced or modified by external sponsorships. BitSong will proposes to store all user reactions (such as streams, like, comments and anything else) on their blockchain, thus generating the first verifiable and above all, real music classification for rankings. BitSong's aim is to evolve as the world of blockchain evolves and create new opportunities for our community to support our platform.
3. TOKEN INFORMATIONS
The BitSong Token (symbol: BTSG) will be used as currency within the platform, and will therefore be used for sponsorships, donations, purchases and votes.
LONG TERM PROJECT
Using the Ethereum blockchain the community will be able to receive payments safely and quickly, thus eliminating the annoying problems and slowness of the fiat currencies.
BitSong is a long term project, all calculations have been made in order to guarantee an “uninterrupted” production flow, (all this regardless of the various market fluctuations).
The BitSong token will be essential for:
• Making a donation
• Purchasing a song
• Buying tickets
• Purchasing merchandising
COMMUNITY CONTRIBUTOR REWARDS
BitSong encourage and reward the community and who will support them, this activity is necessary in the launching phase of the service and also subsequently throughout for a continuous growth and fast expansion.
In order to guarantee the adoption of the platform, they have implemented a Smart Contract that will reward the new subscribers, those who will invite other users and who will create various contents of various types.
4. TOKEN DISTRIBUTION
PRESALE & PUBLIC SALE
Presale & Public Sale - 50% of the BTSG tokens will go on sale. This sale will permit the development of the application and the expansion of the project. The unsold tokens will be burned in order to guarantee the value and the balance of the Token.
In order to create an “active” community within BitSong, they have decided to give away 1% of their tokens in Airdrop. At present the Airdrop, has created more than 180,000 users for Bitsong.
The Bounty Program is born from the need to create a strong and sustainable community. In this case, all users who bring added value to BitSong will be rewarded with BTSG tokens.
BitSong strongly believe in the creation of a partner network linked to the music world. This fund will allow to increase this network, to develop the project and to enlarge the community.
In order to guarantee the success of the crowdfunding, we have reserved a 7% fund for the advisors and related costs.
The 15% reserve fund is necessary to guarantee “long-term” survival of the project and will be blocked for a period of 18 months. Later it will be unlocked (if necessary) in 10% monthly batches to refinance new features.
They have allocated 20% of the BTSG token and destinedto the for Owner Founder and Teamteam. This fund will be blocked for a period of 6 months, at the end of the 6 months the BTSG tokens will be unlocked in batches of about 2-3% per month.
5. USE OF FUNDS
In order to be able to manage and exploit the funds available in the best way, BitSong intends to use them according to a strategy and a well-studied plan.
EXPANSIONS AND BUSINESS DEVELOPMENT 50%
BitSong aim to expand globally the business in other countries, all over the world, starting from with the European Union followed by, the U.S.A, Canada, Asia markets and eventually extending to all countries that are and want to invest in the digital music world through the blockchain.
TECHNOLOGIES AND LOGISTICS 15%
The blockchain is a sector that is still developing, investing heavily in new blockchain technologies will allow BitSong to keep the project in a decentralized way. The Three locations have been identified establishment of 3 locations in Europe for the establishment of the business. All three locations are in geographically strategic positions for the partnerships network that they are already active and linked to the musical world.
RESEARCH AND DEVELOPMENT 15%
To do this they need to improve and develop the platform through technical and strategic improvements, acquire and develop new activities that the platform can offer to the Community and , licenses, mergers and collaborations with other partner companies.
MARKETING AND PR 20%
The fund related to Marketing & PR fund is one of the most important side of whole project. An unknown application is an unused application. Therefore these funds will be used to enhance costs of the marketing strategy . Precisely for this reason BitSong intend to push the marketing as much as possible, in this way will be able to aim at connecting to the customers with the largest number of users and consequently the achievement of the goal. This fund will also be used to invest heavily in events, sponsorships, contests related to artists, public relations, advertising campaigns, social media campaigns and newsletters. Any means necessary to expand the brand and achieve the goal will also be considered.
6. TOKEN DETAILS
Token utility used to get access to services within BitSong
Presale Estimated start
April, 2018 (whitelisting)
Public Token Sale
Q3/2018 - 08/10/2018
Available Public Token Sale:
$ 0.062 / BTSG
Pre-sale 40% bonus: min. 3 ETH
Pre-sale 30% bonus: min. 2 ETH
ICO 20% bonus: min. 1 ETH
ICO 10% bonus: min. 0.50 ETH
ICO 0% bonus: min. 0.05 ETH
Pre-sale 40% for first 20,000,000 sold, 30% for next 15,000,000 sold ICO: 20% for first 10,000,000 sold, 10% for next 5,000,000 sold, 0% for remaining 435,000,000 sold
January 2018 - Launch of the BitSong.io website
End of January 2018 - AIRDROP - BitSong token (BTSG) airdrop through Telegram
10th of May - Bitsong Ltd was born - The first official headquarter in Malta was born!
14th of May - PRE-ICO 40% BONUS - 20,000,000 tokens will be on pre-sale to determine the price of the ICO with a 40% bonus.
21th of May 2018 - PRE-ICO 30% BONUS - 15,000,000 tokens will be on pre-sale to determine the price of the ICO with a 30% bonus.
28th of May 2018 - PRE-ICO 20% BONUS - 10,000,000 tokens will be on pre-sale to determine the price of the ICO with a 20% bonus.
11th of June 2018 - PRE-ICO 10% BONUS - 5,000,000 tokens will be on pre-sale to determine the price of the ICO with a 10% bonus.
10th of August 2018 - INITIAL COIN OFFERING - 47% of the tokens will be distribuited to solve the capital issue
Q3 & Q4 2018 - Opening of the first office in Malta, recruitment of other personnel necessary for the development of the project
Q1 & Q2 2019 - Opening of 2 locations in Europe, launch of the Alpha version of the BitSong platform (including mobile app)
Q3 & Q4 2019 - New partnerships in the international arena and the start of the contest dedicated to the artists. New platform features including TV support, artist statistics, users and advertisers.Stabilization of the platform, new features and start of the creation of our blockchain.
2020 - The whole year will be dedicated to the creation and stabilization of the blockchain, including the support related to the licenses. Partnership with new car manufacturers and TV stations.
8. ICO TIMELINE
|PHASE||DATES||BONUS %||DURATION||HARD CAP BTSG|
|Public Sale||08/10/2018||0%||90 DAYS||473,782,070|