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Topic: ⚡ 🎵[ANN] [ICO]🎸 BITSONG - DECENTRALIZED MUSIC STREAMING PLATFORM ⚡ 👨‍🎤 - page 21. (Read 185108 times)

newbie
Activity: 203
Merit: 0
Good morning people!
Reading white paper... what’s your attitude to BitSong?
newbie
Activity: 280
Merit: 0
producing songs...advertisements...what is this all about? We just need a decentralized "Soundcloud" where you can upload and search for tracks, some nice touch of cryptopiracy, yo-ho
in reality soundcloud has not roamed a lot, it still takes a lot of time to adjust, people today will not be as trustworthy as others say without seeing for themselves. Bitsong might be a new and successful platform in terms of music
newbie
Activity: 350
Merit: 0
ICO Analysis: BitSong
Published on August 14, 2018
By Joshua Larson
Proof: https://hacked.com/ico-analysis-bitsong/

Team
This is a rather large and spread out team. Lots of different countries involved and most of the team are former DJs/producers.
Angelo Recca: Co-Founder/CEO from Italy. LinkedIn says he has been CEO of this cloud storage company SpazioRC since 2012. Spazio has only one employee listed on LinkedIn and the twitter only has 340 followers and hasn’t been active since Novemebr 2017.
Rino Ticli: Co-Founder. The only work history listed is “DeeJay” since 2002. He doesn’t seem to be a very popular DJ/producer, either. He’s had Twitter since 2012 yet only has 800 followers that give him zero love or retweets.
Julian Anghelin: EMEA Manager. Despite typing a long and vague description of his skills, the only work history he has listed is as a publications guy for Royal Caribbean Cruises for ten months in 2016.
Giovanni Melfi: CTO and Blockchain Developer. Out of the 12 team members, he is the only developer. And it looks like he has no work history to brag about. He did describe himself on LinkedIn as follows:” Passionate about cryptocurrencies and blockchain, 2 languages speaker. Coming from an experience in software engineering and a passion for software development with some programming languages such as PHP. I participated in some group work on the robotic system, on linux programming and on StartUp Manager, and I think these experiences are the most important for professional growth.”
The website goes on to list 19 international DJs/producers that are supposed to be a part of BitSong. However, after checking all of them, only a couple ever mention BitSong. No mentions of the token sale.
The most popular is a guy named Tadeo, who gained almost 300,000 Twitter followers for being on an MTV reality show. He does not mention the BitSong crowdsale on his twitter.
Nicola Fasano is a DJ with 16,000 followers on Twitter.
Mossel is a DJ with 10,000 followers but doesn’t mention Bitsong ICO

Verdict
We usually don’t do analysis on projects that already had their pre-sale. However, after seeing these ratings, it seemed like our opinion was needed. These high scores are out of line. The only explanation is that the reviews were done a few months ago, before the bad news bears arrived to spoil everyone’s shill fest.
Nobody here expects YouTube, Spotify and record companies to just step aside while smart contract/blockchain projects move in. Said blockchain projects needs to be extra special with an extra special team in order to even stand a chance of competing.
Based on team inexperience and lack of MVP alone, this gets an unfavorable rating.

Risks
    The team is not experienced at all in business or blockchain. -1
    It doesn’t look like they will come close at all to reaching the hard cap. They have a large team and payroll. It’s going to take a long time for both BitSong and Ethereum to work properly. There’s a strong chance they run out of money by then -1
    No MVP, only one blockchain developer listed on their team, plus many other small things that lead us to believe they might not be really trying to build this thing. -1
    GitHub is not active at all. This supports the above theory. -1
    Competition. The author has reviewed 4 different blockchain music ICOsin the last year. He ranks this one 3/4. -1

Growth Potential
    Ambitious roadmap on page 15 of the whitepaper. +1
    One of these blockchain music projects is going to be popular. BitSong has an outsiders chance. +1
    The crowdsale will run for three months, ending in November. Perhaps the market will be bullish by then. +2
    They make a really bold claim on their site about having 177,404 users. When asked who these users are, the reply was, “177,404 users interacted with our bot and registered in our wallet.” This is kinda hard to believe, but if true those type numbers will definitely help them scale. +3

Disposition
It’s just way too good to be true. The silver lining is that we’ve seen several projects succeed in the past with this same strategy. A brilliant whitepaper idea with no MVP, and an untested team. However, in today’s paranoid market, most investors are now needing evidence of work, not just a whitepaper and a dream. +2/10
So what? Do you want to say that this is a bad company? Bad project? Or what do you want to say?
I don’t think that it’s all written to disturb investors from giving money to the BitSong project.
Those guys have done a huge amount of work: and they are moving in the right direction.
Good luck to you guys! I hope to see you on the top of the music industry.
newbie
Activity: 265
Merit: 0
ICO Analysis: BitSong
Published on August 14, 2018
By Joshua Larson
Proof: https://hacked.com/ico-analysis-bitsong/

Team
This is a rather large and spread out team. Lots of different countries involved and most of the team are former DJs/producers.
Angelo Recca: Co-Founder/CEO from Italy. LinkedIn says he has been CEO of this cloud storage company SpazioRC since 2012. Spazio has only one employee listed on LinkedIn and the twitter only has 340 followers and hasn’t been active since Novemebr 2017.
Rino Ticli: Co-Founder. The only work history listed is “DeeJay” since 2002. He doesn’t seem to be a very popular DJ/producer, either. He’s had Twitter since 2012 yet only has 800 followers that give him zero love or retweets.
Julian Anghelin: EMEA Manager. Despite typing a long and vague description of his skills, the only work history he has listed is as a publications guy for Royal Caribbean Cruises for ten months in 2016.
Giovanni Melfi: CTO and Blockchain Developer. Out of the 12 team members, he is the only developer. And it looks like he has no work history to brag about. He did describe himself on LinkedIn as follows:” Passionate about cryptocurrencies and blockchain, 2 languages speaker. Coming from an experience in software engineering and a passion for software development with some programming languages such as PHP. I participated in some group work on the robotic system, on linux programming and on StartUp Manager, and I think these experiences are the most important for professional growth.”
The website goes on to list 19 international DJs/producers that are supposed to be a part of BitSong. However, after checking all of them, only a couple ever mention BitSong. No mentions of the token sale.
The most popular is a guy named Tadeo, who gained almost 300,000 Twitter followers for being on an MTV reality show. He does not mention the BitSong crowdsale on his twitter.
Nicola Fasano is a DJ with 16,000 followers on Twitter.
Mossel is a DJ with 10,000 followers but doesn’t mention Bitsong ICO

Verdict
We usually don’t do analysis on projects that already had their pre-sale. However, after seeing these ratings, it seemed like our opinion was needed. These high scores are out of line. The only explanation is that the reviews were done a few months ago, before the bad news bears arrived to spoil everyone’s shill fest.
Nobody here expects YouTube, Spotify and record companies to just step aside while smart contract/blockchain projects move in. Said blockchain projects needs to be extra special with an extra special team in order to even stand a chance of competing.
Based on team inexperience and lack of MVP alone, this gets an unfavorable rating.

Risks
    The team is not experienced at all in business or blockchain. -1
    It doesn’t look like they will come close at all to reaching the hard cap. They have a large team and payroll. It’s going to take a long time for both BitSong and Ethereum to work properly. There’s a strong chance they run out of money by then -1
    No MVP, only one blockchain developer listed on their team, plus many other small things that lead us to believe they might not be really trying to build this thing. -1
    GitHub is not active at all. This supports the above theory. -1
    Competition. The author has reviewed 4 different blockchain music ICOsin the last year. He ranks this one 3/4. -1

Growth Potential
    Ambitious roadmap on page 15 of the whitepaper. +1
    One of these blockchain music projects is going to be popular. BitSong has an outsiders chance. +1
    The crowdsale will run for three months, ending in November. Perhaps the market will be bullish by then. +2
    They make a really bold claim on their site about having 177,404 users. When asked who these users are, the reply was, “177,404 users interacted with our bot and registered in our wallet.” This is kinda hard to believe, but if true those type numbers will definitely help them scale. +3

Disposition
It’s just way too good to be true. The silver lining is that we’ve seen several projects succeed in the past with this same strategy. A brilliant whitepaper idea with no MVP, and an untested team. However, in today’s paranoid market, most investors are now needing evidence of work, not just a whitepaper and a dream. +2/10
So what? Do you want to say that this is a bad company? Bad project? Or what do you want to say?
newbie
Activity: 308
Merit: 0
Hello people!
How is the project investments going?
Is there a plan of conferences to the next few months?
newbie
Activity: 356
Merit: 0
ButSong team!
I need a help!
How much do I need to invest to enter the investors team?
newbie
Activity: 350
Merit: 0
Lovely project!
Children’s definitely would love to listen to music and advertisement for edging they will get money)
Goo luck BitSong!
Kids will tottaly love all those apps where they can make money. Moreover, children can do everything for money.
Nice try BitSong!
newbie
Activity: 378
Merit: 0
Lovely project!
Children’s definitely would love to listen to music and advertisement for edging they will get money)
Goo luck BitSong!
newbie
Activity: 364
Merit: 0
Really great to know that soon our kids will have all keys to make money by just listening to music
Kids will be happy! Definitely! At least they will get more lunch money  Grin
newbie
Activity: 364
Merit: 0
Really great to know that soon our kids will have all keys to make money by just listening to music
jr. member
Activity: 378
Merit: 1
I need some information about BitSong project. Read white paper and didnt find the information about the percentage of payments to the listeners and musicians.
newbie
Activity: 336
Merit: 0
Hey guys!
How much is the Bitsobg cripto currency cost?)
newbie
Activity: 342
Merit: 0
Hey BitSong team!
Nice proj ct! It looks really great on the ICO benchmark
newbie
Activity: 324
Merit: 0
Hey! Nice project!
Now I’m wondering how much to invest Huh
Don’t think... just give them as much as you can)
newbie
Activity: 364
Merit: 0
Hey! Nice project!
Now I’m wondering how much to invest Huh
newbie
Activity: 406
Merit: 0
Hello people!
Only found this project on the network.
What is your attitude to him? I can not understand for myself how I feel about BitSong.
Well, the project as a whole is very interesting. I like the concept of BitSong.
I’m in love with the design of BitSong. That is gorgeous!
Wish them a great luck!
newbie
Activity: 350
Merit: 0
Hello people!
Only found this project on the network.
What is your attitude to him? I can not understand for myself how I feel about BitSong.
Well, the project as a whole is very interesting. I like the concept of BitSong.
newbie
Activity: 377
Merit: 0
Hello people!
Only found this project on the network.
What is your attitude to him? I can not understand for myself how I feel about BitSong.
newbie
Activity: 326
Merit: 0
Hello DEVs! Great project! I wish I could join the team, but I am not strong in programming.
I love your project in case of the BTSG payment during listening to music )))
newbie
Activity: 322
Merit: 0
Hello, BitSong team!
What about the collection of funds?
And how can things be with this? They are gradually collecting the needed investment. Soft Cap was collected at the initial stages. They are great!
Yes, the BitSong team really surprises with their work. They know what they are doing and how to work.
These guys do what?
Little by little, the whole ICO market will show how to collect investment in a crisis.
I love those guys strategy! They are doing great job and marketing strategy is also good enough to collect all the investments they need.
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