Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc.
As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. Going to the topic, the music industry is still a very closed business, not available to the general public. Partners, investors and artists come together and go through a rather complicated process of raising funds and signing agreements to create the incredible songs that we all hear on the radio and streaming from services such as Spotify and YouTube.
For this reason, the project I am going to present you is Dench Music, a Dutch full-service music production company that produces music and music videos, recruits and manages musical talent, and provides a complete set of music production and distribution services for national and international markets. Dench Music ICO fuses the music industry and Blockchain. The funds raised through the ICO will be used to create songs by artists on the A list and talented DJs. The important idea is that they use a completely legal framework that allows them to offer up to 30% participation in the benefits to our participants from the songs created thanks to the ICO. His first negotiated project is with Chris Brown, a top performing artist who has been nominated for 265 awards and won an unprecedented 83 awards among which a Grammy
As I said before, DenchMusic (MIC) (https://denchmusic.io/) is a full-service music production company that produces music and music videos, recruits and manages musical talents, and provides a complete set of music production and distribution services for the national and international market. It focuses the effort on the development of talented young artists and DJs by partnering them with A-list artists to promote their talent to a wider audience. Music and videos are distributed through YouTube, Spotify, iTunes and other channels. Revenues are obtained through the number of visits or downloads, reservations and promotion expenses. The income of Dench Music Retail Platform and the income paid through Performing Rights Organizations worldwide.
The main goal of DenchMusic is to allow everyone to participate in the creation of songs by their favorite A-list artists who are associated with emerging new talent; interact personally with the world of music; enjoy access to interactions and benefits never before offered; use decentralized processes and Blockchain technology; and make a profit while enriching the world with exceptional music. In other words, the main idea of Dench Music is based on providing top-notch DJs and artists with the opportunity to achieve stardom by pairing them with well-known artists, securing their rights and generating both revenue and great music around the world.
Allowing fund the creation of songs and music videos by users' favourite artists. Investors will receive returns of up to a 30% profit share through an Investment Agreement. Furthermore, Participants also receive free "MIC" tokens that can be exchanged on our Blockchain driven Dench Music Retail Platform for benefits and opportunities offered exclusively to token holders
Investors can use their chips to obtain unique experiences, including, but not limited to: invitations to celebrity launch parties, VIP events, visits to the set of video production shoots, meetings and greetings with stars, tickets to events, auctions of costumes and much more.
The project gives the opportunity to earn DenchMusic tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Page. Here (https://bitcointalk.org/index.php?topic=4354175) you can access the link in order to see what are the conditions to become an early MIC contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (https://denchmusic.io/wp-content/uploads/2018/09/DENCHMUSIC-WhitePaperV3.pdf). You can also stay tuned in their official ANN Thread here (https://bitcointalk.org/index.php?topic=4177212) or received all news following their Telegram Channel (https://t.me/denchmusicico2018). I hope you liked the post and soon I'll send you new ones. Tokenomics MIC tokens are ERC20 tokens which you will receive for free with your profit sharing.
Telegram username: @clauming
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71