I'm assuming there will be video support on the platform too?
Hi, that is a must, we can't be a music network and not support videos. Though all the videos have to be music related.
Topic: [ANN]Potentiam-The Blockchain Music Platform - page 109. (Read 194702 times)
Hi, that is a must, we can't be a music network and not support videos. Though all the videos have to be music related.
How would regular users be rewarded for participation? Do they make tiny amounts of tokens just for listening? Some for commenting and rating?
This is a really good question. As one of the governing factors in the Potentiam economy is meritocracy we have placed a lot of emphasis on creating a network that will be highly beneficial to regular users.
This can happen in various ways and on different aspects of the network. Every action on the network that adds value to the network is rewarded sharing, liking, inviting new members are just some of the ways by which a user can earn on the network. Yes, there is also a rating system on the network that governs the number of tokens that can be earned. There are also other more direct ways of regular users earning tokens on the network such as promoting or acting the part of an influencer during music project crowdfunding. They are rewarded directly from creatives for performing actions like sharing their project and gaining both internal and external users to take part. These are just some ways.
Excellent, so it will be a little ecosystem. Ways to earn, ways to spend. Very interesting.
How would regular users be rewarded for participation? Do they make tiny amounts of tokens just for listening? Some for commenting and rating?
This is a really good question. As one of the governing factors in the Potentiam economy is meritocracy we have placed a lot of emphasis on creating a network that will be highly beneficial to regular users.
This can happen in various ways and on different aspects of the network. Every action on the network that adds value to the network is rewarded sharing, liking, inviting new members are just some of the ways by which a user can earn on the network. Yes, there is also a rating system on the network that governs the number of tokens that can be earned. There are also other more direct ways of regular users earning tokens on the network such as promoting or acting the part of an influencer during music project crowdfunding. They are rewarded directly from creatives for performing actions like sharing their project and gaining both internal and external users to take part. These are just some ways.
I've seen Soundcloud getting super popular lately. What do you think caused their popularity? Is it something you can capitalize on with this platform?
The token is ERC-20 based right?
Have you guys considered any advantages to using machine learning on your platform?
Curious about this still.
As we are continuously trying to find ways to improve Potentiam, we do investigate various new technology emerging or sometimes existing technology that can add to the value proposition of Potentiam. Machine learning is one of them, we will investigate further and decide when and how to implement it if necessary.
I'm assuming there will be video support on the platform too?
What kind of smart contracts will you be using?
Curious about this.
What i need to do to achieve more rewards for my music?
For you to achieve maximum rewards for your music, your music must be great and appeal to a large proportion of people. Using the various tools on the network can help increase visibility on the network. Its all about providing great content.
Will any part of the project be open source?
I believe we are going to have some things on open source, but its quite difficult to give a definitive answer as we are building a private chain. I will speak to our CTO and find out more on this subject. Please bear with us.
Appreciate your answer. Maybe you guys could leave the less sensitive stuff as open source?
We will certainly try to keep things on open source as long as it doesn't compromise the security of the network.
Makes total sense. What will you guys do with unsold tokens?
We are considering two options at the moment but we are undecided as it stands. One is to lock the unsold tokens and the other is to simply burn it. Whatever decision we end up making has to be one that serves the bigger purpose of the network that is the users. I will revisit this question and give a more definitive answer soon.
What are the advantages of burning them vs locking them?
I believe burning increases consumer confidence opposed to locking it, as consumers might fear project owners dumping the token if there is a rise in price. But at the same time locking also has positive attributes if done openly and honestly. The tokens can be gradually introduced into the network to raise market capital if needed.
Oh yeah I see. If burned, it makes all the coins that were sold worth more right? If there's a large pool of tokens locked, that would make each token worth less overall.
That is correct, but we are very careful speaking about this matter has it might be constituted as investment advice.
Lets help this project get to the best possible start.. crowdfund this concept. The face book of music as it states on there website potentiam.io i believe in them do you? You would if you love music. Everyone does!! Fact
Hi, thanks for your support, not sure if everyone loves music but we believe a large percentage of the world population do.
Do you have any partnerships at the moment, or even in the works?
We are working on some very interesting ones at the moment, once confirmed we will make an announcement.
The suspense! Lol. You will announce it here right?
What kind of smart contracts will you be using?
That's a good question.
How would regular users be rewarded for participation? Do they make tiny amounts of tokens just for listening? Some for commenting and rating?
Have you guys considered any advantages to using machine learning on your platform?
Curious about this still.
What kind of smart contracts will you be using?
Do you have any partnerships at the moment, or even in the works?
We are working on some very interesting ones at the moment, once confirmed we will make an announcement.
What i need to do to achieve more rewards for my music?
Lets help this project get to the best possible start.. crowdfund this concept. The face book of music as it states on there website potentiam.io i believe in them do you? You would if you love music. Everyone does!! Fact
Do you have any partnerships at the moment, or even in the works?
Curious about this!
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