Tokenlab - DROPD UPDATE
We are proud to announce that Dropd will be our first Tokenlab client ICO launched in February. You can read the whitepaper here:
https://www.dropd.co/Dropd will be a music platform unlike any other in existence today—a place where people of all ages and countries go to listen to their favorite artists, discover new artists and connect with each other. The platform is the place where good music, whether from a famous artist or a complete unknown, can rise to the top and be monetized instantly. All users will be able to participate in the success of artists with the market determining who is popular, not huge corporations. By the time this project is complete, the music industry will be changed forever.
Vin Foresta, founder and CEO of IJI, Inc. and Dropd architect/developer, describes that his vision “will include all these things and much more. Dropd will be orders of magnitude greater than an ordinary music app; it will be revolutionary. By the time this project is complete, the music industry will be changed forever,” he said.
Dropd’s patent-pending technology uses the blockchain to decentralize an antiquated business model. The music industry is perhaps one of the best examples of an industry that stands to be drastically altered by blockchain technology. The decentralization and socialization of the music industry have the potential to create the opportunity of a lifetime for many, as well as massive disruption to the status quo. Dropd is positioning itself as the driving force that will lead music into the blockchain age.
Given the evolving regulatory environment in the U.S., Dropd’s ICO will exclude U.S. citizens’ participation. The technology for the Dropd ICO site will have IP blocking in place for US residents and a secondary check that forces users to declare they are not a resident of the U.S. The ICO countdown will begin soon. Watch for a definitive timeline to be published later this week.
Dropd is a platform that is well into the development cycle. It is not just a concept; it is a viable technology with public launch projected in the third quarter of 2018. Watch for the promotional buildup and ICO site listings to begin over the next few weeks. The Expanse and Tokenlab teams could not be more excited about the Dropd project!
