Greetings to you all readers, in this article i will be discussing what exactly this brand new and pathfinding innovation is all about and i will appreciate your standing by till the end.
In the modern internet space, more and more attention is paid to cryptocurrency investments and the investment market and Blockchain is becoming the cornerstone of modern innovation and has the potential to revolutionize the world. Recognizing this potential, Trex have assembled a professional team of budding entrepreneurs and seasoned investors to create an all-encompassing blockchain trading platform. Since cryptocurrency is designed for mainstream adoption, our platform will be a stop-shop for clients that intend to earn huge returns on investment. We will create a user-friendly system that incorporates both traditional markets and the blockchain based assets.
Trex token is a new platform, that will be built using the Ethereum blockchain. The focus of the developers is one near to their heart. It is a project dedicated to musicians and attempts to solve a major problem for emerging artists.
Through Trex Token, musicians will have the opportunity of producing their own songs and listeners will enjoy and hear new content from any device they own Trex Token will provide the user with the possibility of using the platform in a number of ways from, free streaming, to requests for donations, payments and the insertion of advertising sponsors.
Music Platform
Technically, it has still not generated profits but Spotify, founded in Sweden, is one of the world’s most popular music streaming applications with over 159 million active users as of December 2017. Spotify evolved from the idea of combating music piracy.
Founders Daniel Ek and Martin Lorentzon developed the idea and started the company in 2006. Its business model was welcomed by the music industry which has suffered losses in revenues and album sales due to music piracy over the Internet. Spotify allows users to either stream music for free if they are willing to listen to advertisements, or pay a subscription fee for a premium service, meanwhile paying royalties due to artists and record companies.
The company shareholders listed $1 billion of shares without an underwriter on February 28, 2018. Though unusual, the company had a stellar opening day, the stock price soaring nearly 26% to $165.90 at open. It is now listed under the ticker SPOT on the New York Stock Exchange.
In its first earnings report for Q1 2018, Spotify reported that it had 170 million daily active users and revenue of $1.36 billion. Shares fell about 5% in after hours trading following the announcement on May 2, 2018.
In its first earnings report for Q1 2018, Spotify reported that it had 170 million daily active users and revenue of $1.36 billion. Shares fell about 5% in after hours trading following the announcement on May 2, 2018.
VISION
Our vision is to create a new revolutionary brand linked to music streaming that is unlike any other platform.
Keys to Success Trex Token will be the new point of reference for the music market and will be fully developed using the technologies that the blockchain has available. Using the blockchain affords Trex Token with the means to be decentralized and be more community – based compared to its competitors. Currently viewing a music video is via YouTube, listening and streaming is via Spotify, marketing is on iTunes or Beatport and advertising is on social media. Trex Token aims to solve this problem once and for all.
PROBLEM
When an artist creates a new single or musical album, he must invest his time to create that piece from an original idea through to the product.
They finance it with their own money, contact a record label in the hope that they are interested in the song, investing and publishing it to get the most sales. This all takes many months before outcomes can be achieved .
Often however, this does not happen, as the artist does not have the necessary funds to create a music video, because he does not have the right contacts, and because the record label (given the huge amount of songs they receive) rarely invests their time and effort into the song. An artist can often find they have spent substancial time and funds without gains or revenue.
Solution
Trex Token has resolved problems for the artist by permitting them to upload their songs without any need for a record label.
The artist can receive donations in TXT tokens which can be converted to cash or it can help sponsor the development of their own piece of music. Artists can also get revenues from advertising generated by their piece of music and by reselling
their own songs. This will be enhanced by the social network created on the Trex Token platform and the loyalty of fans. Funds via the Trex Token’s token $ TXT will be credited to the artist wallet immediately and they will be able to withdraw or
convert as they see fit.
Artists need no longer wait several months before a record label sends various reports, they can check the progress in real time directly within his Ethereum Wallet.
Through Trex Token, the advertiser will also have greater clarity on costs and will not have to pay additional intermediaries. They can create their own advertising campaign through a special advertising tool within the Trex Token platform, choosing the appropriate target.
The artist can receive donations in TXT tokens which can be converted to cash or it can help sponsor the development of their own piece of music. Artists can also get revenues from advertising generated by their piece of music and by reselling
their own songs. This will be enhanced by the social network created on the Trex Token platform and the loyalty of fans. Funds via the Trex Token’s token $ TXT will be credited to the artist wallet immediately and they will be able to withdraw or
convert as they see fit.
Artists need no longer wait several months before a record label sends various reports, they can check the progress in real time directly within his Ethereum Wallet.
Through Trex Token, the advertiser will also have greater clarity on costs and will not have to pay additional intermediaries. They can create their own advertising campaign through a special advertising tool within the Trex Token platform, choosing the appropriate target.
Token Sale
Token Distribution
Token Information
Smart Contract:
0x4b44f450bc3bFB60DC1a0690cBA028e1193CaE4f
Symbol: txt
Decimalol: 8
Maximum supply: 10,000,000,000
Payment received: ETH
Period of sale of tokens:
30 days with the possibility of an automatic initial settlement in pursuit of the final ICO goal
Commitment:
– All unsold and unallocated tokens will be destroyed and additional tokens will not be possible
– The CEO & Dev wallet will be the key for 1 year.
– The Advisor’s wallet will be locked for 3 months.
ROADMAP
2018 AUGUST
Preparing ICO (Whitepaper, website)
2018 OCTOBER
List TXT on some exchanges
2018 DECEMBER
Release TXT Site
2019 MARCH
Release TXT on iOS
2019 APRIL
Integrate Wallet on iOS
2019 JULY
Release Android App
2019 NOVEMBER
Release version 1.0 (user can use VTXT to purchase songs)
For more detailed informations, visit:
Authoirship: Joecolern
BTT profile link- https://bitcointalk.org/index.php?action=profile;u=2246034
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