Music-focused, blockchain-based platform has announced a crowdsale launch for its new Voisium (VSM) tokens. The crowdsale commences May 6, 2017, and is a vital part of VOISE’s alpha stage , which relates to platform development and the release of a new range of client software.
[Note: This is a press release]
Built on Ethereum blockchain, VOISE is primarily focused on representing independent musicians’ interests while providing music lovers affordable access to unique content.
The VOISE platform will offer artists the freedom to monetize their content while bypassing the previously unavoidable commissions and charges laid down by record labels and other third parties.
VOISE’s ethically motivated business model is designed to give 100% of the platform’s revenue back to the artists and musicians. Because the platform is geared towards musicians and not technicians, users can expect a simple, intuitive platform design, which can be used easily and without any special skills or Industry knowledge.
Blockchain and cryptocurrency technology are still somewhat untapped in relation to the music industry, and VOISE believes that there is enormous potential in integrating them together. VOISE will include support for fiat currencies within the platform, in the interest of ensuring familiarity with existing infrastructure and facilitate the transition between technologies.
VOISE’s business model is designed to stimulate a strong interest among independent artists, and as a result, the selection of available music for members is broader and vivid compared to limited mainstream titles offered by other platforms. VOISE enables artists to upload content instantly for distribution, and the VOISE Radio feature provides unlimited free and paid content for music lovers to enjoy.
The VOISE platform’s native currency, Voisuim (VSM), is created using Ethereum smart contracts and will be available for investors to purchase during the impending one month-long crowdsale. The platform has stipulated that there will be a maximum supply of 100 million VSM tokens available, which should encourage an appreciating value in the mid to long term. After the completion of the crowdsale VSM tokens will become tradable on a number of different platforms, against all other cryptocurrencies.
ICO investors will receive 160 VSM for every ETH they contribute but those joining early can take advantage of a 25% early-bird bonus during the first 16 hours of the ICO. Proceeds from will be reinvested back to support the continued improvement of platform features, one of which will be the inclusion of fiat currency support.
Some of the currencies that will be supported on the VOISE platform include USD, EUR, and GBP. In the interest of familiarity, users have the option to switch from fiat to VSM, as they start to understand how the cryptocurrency works and applicable conversion rates.
VOISE new platform aims to bring some of the benefits of blockchain technology to an Industry that is fraught with fees and regulations. The decentralized platform seeks to offer artists the freedom to monetize and publish their music without the strings of industry attempting to control their every move.
Images courtesy of Voise.it, AdobeStock
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