The new platform connects artists, community, and music experts and aims to make the music industry more accessible and equitable for both artists and music enthusiasts. Younk, a decentralized community music platform using blockchain technology, is open to everyone, everywhere.
Younk’s mission is to establish the first community music label where artists gain recognition and support directly from the community in exchange for bonuses.
According to its founder, Andrey Dahkovskyy, Younk’s foremost goal is to modernize the music industry by facilitating direct artist access to the public. This ensures better compensation and community involvement in the funding of up-and-coming artists.
Music fans also benefit through a unique opportunity to support their favorite artists and become co-producers of the artist’s tracks and earn YNK Bucks – internal currency of Younk ecosystem. YNK is an instrument that may be used to fund a Hit, get bonuses and purchase merchandise, services and goods on the Younk platform.
Don Grierson, the legendary music industry executive and Younk co-founder shared the platform’s vision as an accessible global marketplace where artists and HitHunting music enthusiasts can connect and support each other while mutually benefiting from the synergy and compounded contribution of the community – whether from a creative point or business wise. Mr. Grierson said:
“We are entering a new era of making a Hit, the Younk platform is here to make it happen. In almost no time you will be able to listen to a tune that has been supported and directly funded by a community – by active listeners and those who want to make a change in the music industry. Our platform is open to Artists from all over the world, even if they’re not professional musicians. Everyone has a chance now to upload his or her original tune onto the platform and compete with other artists for community support and, further down the road, for their own place on some of the top music charts in the world.”
Unlike regular crowdfunding, which is called Hit Funding in Younk terminology, the new platform gives artists an opportunity to receive first-hand guidance from the professional music experts. It also provides the music fan community the option to be actively involved in creating music charts, to vote, and become co-producers of the the tracks they fund which may become Hits later. All of this helps us all make better music together.
The platform is designed to be user friendly. The process looks like this: an artist uploads a track; the community listens and votes, three tracks go to Hit Funding (two most voted on by the community and one selected by the experts) where YNK Bucks are used to support the community’s favorite tracks.
The ones that reach a certain amount of YNK Bucks – soft cap – are then professionally produced by music industry experts. Once the final creative product is released it gets promoted on approximately 150 digital music platforms. When a track generates revenue, artists receive royalty share in real money equivalent and the track supporters in YNK Bucks equivalent.
By employing innovative technology, provides advanced features and allows for the transparent and decentralized distribution of royalty shares to artists through blockchain’s smart contracts.
Andrey Dakhovskyy said:
“So far, Younk has 5 tracks in the production stage. Every day we receive positive feedback from people in the music industry and beyond. This means we’re on the right track. Our platform opens up endless opportunities for both artists and fans – they can create better music together and this is awesome! Welcome to the universe of Younk!”
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According to the report by Research and Market, the global lottery market is expected to rise at a compounded annual growth rate (CAGR) of 9.44% between 2017 to 2021. However, the lottery industry still deals with many hindrances, such as lack of transparency, slow processing, jackpot fatigue, security threats, high commission charges etc. These pitfalls impact the efficiency of the entire system and keep people away from its precarious environment.
Donocle – Rendering an Effective Solution to Players
is a decentralized platform that removes these critical issues by leveraging blockchain technology. The platform also employs Open Data Flow technology that enables players to monitor their earnings and track the flow of payment. This openness allows users to check the validity of the process and eliminate the fear of cyber exploitation.
Donocle comes from the words ‘Donate’ and ‘Circle.’ Players upon winning lotteries have to contribute a certain percentage of their earnings to the Donocle Foundation. Additionally, other centralized lottery platforms charge high commission rates that keep players, especially new ones away from trying their luck on these platforms.
Donocle, on the other hand, charges lower commission charges and encourages more people to participate and earn reliable rewards in return.
Acquiring Donocle Tokens and Lottery Ticket Pricing
Purchasing tokens in this ecosystem is quite easy and straightforward. Individuals have to sign in, create a wallet, and shortly, they can purchase trading coins on the network. As soon as the coins are purchased, the number is immediately displayed on the respective player’s dashboard. The Donocle tickets are priced the same way as the BTC is fixed on the cryptocurrency exchange. The price of 1 token is secured at 0.0001BTC.
In the same way, the price of a Donocle ticket is secured at the same unit on the LTC, XRP, ETH, MIB, and DON exchanges.
Effective Allocation of Money on the Network
After the users have purchased lottery tickets, the platform distributes 70% of the proceeds to the winners depending on their composition share. The winners can either retain their acquired cryptocurrencies as prize money or exchange it for cash in the market, depending on their needs. 3% of the sales proceed is used for donation and the remaining is contributed towards operational purposes and Proof-of-Stake system.
Additionally, the platform offers its users the Donocle Airdrop feature that enables them to earn stable profits. By depositing their Donocle tokens in the Proof-of-Stake (POS) system, users can avail opportunities to earn regular incentives.
When users pay crypto coins, tokens, MIB coins or Donocle tokens to buy tickets, the platform gathers funds at the end of each session. 10% of the collected cryptocurrency amount is reserved for Donocle Airdrop. Therefore, when users retain the Donocle token in the POS system, they obtain incentives in return from the reserved 10% depending on the POS share.
A Platform that is Backed by Powerful Technologies
Donocle system is reinforced by three fundamental technologies. The Donation Global Blockchain Lottery System, which incorporates blockchain with the Global Lottery System, a system that is used by many sports operators. The SmartX Blockchain Platform which is easy, lightweight, and inexpensive as it adopts the Blockchain Hash Algorithm. Lastly, the Blockchain Donation Direct Transfer System that transfers the money transparently and quickly.
Offering Opportunity to Users to Win Substantial Rewards
Donocle is a revolutionizing blockchain based lottery system that allows users from across the globe to participate in raffle activities and earn stable profits in return. The entire process is transparent, flexible, and secure, and offers an effective solution to the critical challenges of conventional lottery system.
The ICO period for Donocole Network starts from October 8th ~ January 31st.
The PreSale event includes the following benefits:
08 Oct – 21 Oct | Bonus = 100%
22 Oct – 04 Nov | Bonus = 50%
04 Nov – 18 Nov | Bonus = 20%
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The advantages that a person acquires through a cryptocurrency transaction are very high. The transparency and quick transactions are some other reasons why most of the people are opting for cryptocurrency, but the same currency has become a nightmare for some countries, governments, and banking sectors which led to the ban of cryptocurrencies.
On the one hand, there are some countries where cryptocurrencies are made official and are supporting them by providing various benefits whereas, there are some other countries which have imposed a ban on the entire cryptocurrency and blockchain technology.
The main reason behind this ban is the anonymity and potential risks that are involved in the cryptocurrency. This ban violated the fundamental rights of the citizens of a country, and at the same time, both the country’s economy and the citizens are losing monetary benefits of these currencies.
Apart from the above mentioned challenges, there are some other challenges caused by the cryptocurrencies in the current world
Strict Regulations
Lack of information about the transactions
Transaction speeds
Lack of full banking services for these cryptocurrencies
Availability of crypto assets
Customer support
Different types of crypto products
There are so many companies and financial organisations that are trying to incorporate cryptocurrencies into the regular life of people, but with all the above mentioned challenges it has become impossible to make this happen. This was when Victorieum entered the market.
Victorieum is similar to the traditional banks, but the fiat currency is replaced with the cryptocurrencies. Yes, you heard it right. Victorieum is an offshore bank that will deal with the exchange and trading of cryptocurrencies. This bank and its operations are similar to the traditional banks. Customers will receive credit and debit cards, can avail loans, manage cryptoassets with the help of bank.
The token combines blockchain technology with the traditional banking sector. This integration can be considered as one of the best things that have happened to both the banking sector and the blockchain technology. A reliable and highly secured banking system is provided to the cryptocurrency holders, and they can avail all the features by just sitting at home in their comfort.
Victorieum is a regulated offshore bank that provides high security to clients and also give access to finance and various other worldwide investments. Customers of banks have an option to trade, invest, withdraw, deposit, or even avail loan with the help of this bank.
Tokens that are provided to the customers are highly useful, and customers can even avail a discount of up to 90% by using the tokens. Token holders of Victorieum are provided with following privileges
If they purchase any token during the ICO rounds, they will be provided with a bonus. This bonus can vary from 15% to 40%.
A dedicated manager is provided if a customer deposits an amount that is equal to or more than USD 100,000.
They can have the savings account as well as daily liquidity account.
Full one time KYC to avail the Victorieum facilities.
The trading opportunity between non-fiat and fiat currency via Victorieumex platform.
A complete KYC must be provided by the customer to avail all the fantastic facilities of the platform. Once the KYC is done, the customer has every right to use the facilities.
Crypto-backed loans and insurance coverage are provided for the customers.
Fast, reliable, robust, secured and safe platform for financial transactions.
Most of the people are hesitating to invest in cryptocurrencies due to the lack of a traditional banking system that deals with them but with the arrival of Victorieum into the market; there are more people interested in crytpocurrency trading. Victoreium tokens are a huge deal, and they will help in trading and on the exchange platform a lot. If you are in search of a highly reliable platform then Victorieum is the one where you can invest, save, trade, exchange your digital assets without any fear.
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