Blockchain ecosystem takes to the ‘stayge’

July 2, 2018
262 Views


Tokenizing the fandom

Created as an answer to the current entertainment business model which does not allow artists to use the data from fans, the ‘Stayge One’ ecosystem tokenizes the ‘fandom’ where the influence of fans’ actions are recorded through the use of blockchain.

Fans are rewarded with cryptocurrency and use it to purchase music, buy concert tickets or exclusive content. Artists also benefit from an additional revenue stream by exchanging the tokens they have earned. In addition, the platform seeks to address the ‘fragmentation’ of the services fans use and the difficulty of stable funding in the industry. 

Ecosystem

The platform will have two different currencies operating within it. There will be the STG (Stayge token) – the base currency that links communities together throughout the platform and will be available on exchanges. Additionally, there is the ACT token, which rewards according to the level of contribution, fans’ activities and fandom size. ACT holders can also gain the right to speak within the fan community and purchase artists’ albums and other goods.  Both tokens can be exchanged between consenting parties on the Stayge One platform. 

ICO details

The ICO will continue until September 15th with a soft cap of 2,500,000 ICX and a 12,500,000 hard cap. One ICX = 400 STG. ICX and ETH can be used to purchase tokens.  

The presale event is already underway with 1,500,000,000 STG available. The Stayge team plans to initially focus on musicians and then expand into other creative genres, including sports, actors and influencers. Stayge One is not the furst entertain,ent focused blockchain platform but will it prove to be unique?  

 



Source link

You may be interested

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29 – Cointelegraph
Litecoin News
412 views
Litecoin News
412 views

Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29 – Cointelegraph

Editor - April 29, 2019

[ad_1] Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, EOS, Binance Coin, Stellar, Cardano, TRON: Price Analysis April 29  CointelegraphPrice Analysis. The views…

(BTC) Bitcoin Price Prediction 2019 / 2020 / 5 years (Updated 04/29/2019): BTC/USD Rises From Support – BeInCrypto
Litecoin News
397 views
Litecoin News
397 views

(BTC) Bitcoin Price Prediction 2019 / 2020 / 5 years (Updated 04/29/2019): BTC/USD Rises From Support – BeInCrypto

Editor - April 29, 2019

[ad_1] (BTC) Bitcoin Price Prediction 2019 / 2020 / 5 years (Updated 04/29/2019): BTC/USD Rises From Support  BeInCryptoHow will Bitcoin (BTC)…

Litecoin (LTC) price analysis: LTC/USD hovers below $70.00, more sell-off is possible – FXStreet
Litecoin News
333 views
Litecoin News
333 views

Litecoin (LTC) price analysis: LTC/USD hovers below $70.00, more sell-off is possible – FXStreet

Editor - April 29, 2019

[ad_1] Litecoin (LTC) price analysis: LTC/USD hovers below $70.00, more sell-off is possible  FXStreetLitecoin (LTC) peaked at $99.47 on April 3…

Leave a Comment

Your email address will not be published.