VOISE, the blockchain-based platform dedicated to artists and music lovers has announced the launch of its Voisium tokens (VSM) crowdsale, starting May 6, 2017. The crowdsale is part of VOISE platform’s alpha stage roadmap which includes the development and release of a range of client software.
The innovative VOISE platform is built on Ethereum blockchain with the aim of empowering independent artists and musicians while enabling music lovers to discover, stream and download unique content. Artists joining VOISE platform will be able to monetize their content without the involvement of third parties or record labels who charge huge commissions. VOISE adopts an ethical business model where 100% of the revenues on the platform is distributed to the artists.
The development team behind VOISE is working on creating an easy-to-use platform which doesn’t require users to possess special skills or prior knowledge of cryptocurrency and its underlying technology. The platform intends to introduce cryptocurrency and blockchain to the huge music industry in which many are still unaware of its potential. In order to ensure familiarity with existing infrastructure and facilitate the transition between technologies, VOISE will also include support for fiat currencies on the platform.
VOISE for Users
For content consumers, VOISE is just like any other online music store application with a huge collection of tracks categorized according to release dates, genres, and albums. They can browse through the collection and purchase the content of their choice using a range of currencies. However, unlike other app stores, VOISE store offers a much better collection of music created by independent artists.
If a user is a content creator, then they can also upload their creations to the platform and make it available for distribution. The VOISE Radio feature provides unlimited free and paid content for music lovers to listen and enjoy.
Voisium (VSM), the native cryptocurrency on VOISE platform is created using Ethereum smart contract technology, and it is available for purchase during the upcoming month-long crowdsale. The VSM tokens can not only be used to purchase content over the platform but also for peer-to-peer transfers and trading against other cryptocurrencies. The platform has set a finite supply of 100 million VSM tokens, making room for appreciation of its value as adoption increases.
Investors in VOISE platform stand to receive 160 VSM for every ETH contributed. However, those participating in the ICO during the first 16-hour window will be eligible for an additional 25% early bird bonus.
The proceeds from Voisium crowdsale will be utilized for further development of the platform to include a variety of features. The inclusion of fiat currency support will be one of the main features to be added in the near future. Soon users will be able to pay for the content on VOISE with USD, EUR and GBP seamlessly, just like they would with iTunes. They can later switch to using VSM for such transactions once they get familiar with the platform. The fiat support will be enabled through partnerships with exchange platforms, which VOISE intends to seek once it builds a significant user base.
The upcoming crowdsale is just the beginning of the creation of an exciting platform capable of changing the way the music industry works. The decentralized, democratized platform provides equal opportunity for artists to publish and monetize the work, irrespective of their experience or the record labels they have/had signed up with. The use of blockchain technology and VSM cryptocurrency also helps the platform reach a global audience with quality content.
VOISE is a blockchain-based content distribution and monetization platform for the music industry. It introduces the multibillion-dollar global music industry to cryptocurrencies and blockchain technology.