Tune aims to be a decentralized music production marketplace. Its primary goal is to solve digital songwriter rights and royalty transparency issues for the music industry, by using blockchain and smart contracts on the Ethereum network.
The idea to revolutionize the music industry is very ambitious, but also very good and it will allow regular individuals who are passionate about music to be directly involved in this industry. TUNE is an ERC20 token build on the Ethereum blockchain. Once the Tune app is available, users will be able to convert their TUNE Tokens into Recordgram Credits, in order to unlock beats, tip artists, etc. The RecordGram app, which is already available for IOS and Android, will be upgraded to blockchain and become “TUNE”, so that all user generated content could be be transparently tracked.
TOKEN DETAILS
The hard cap of $ 40 million seems pretty high during current market conditions, with most of it aiming to be collected during private and pre-sale ($ 30 mil.). The token price during ICO will be $ 0,38 with a hard cap of $ 10 million. In total 40% of the tokens are sold during all stages of the token sale. The funds will be used for development and research, corporate development, marketing and legal activities.
Since they already have a working app, most of their focus is on blockchain implementation and marketing, which is what they really need in order to succeed. The roadmap is not as long as you would expect it to be, but I think it will be updated along the way as the development progresses.
TEAM
The team is quite big and mostly comes from inside the music industry, which is ideal and makes me think they can achieve all the milestones with success. They also have some blockchain developers and a lot of advisors from within the music field, which could prove to be really important for their future development. There is some competition for Tune in the blockchain space, with the likes of Vezt or Voise, but they didn’t really manage to build a strong community, so I think it will all come down to how they can market the app in a way to attract users, since the product is already working.
Futher more Tune is a project with an ambitious idea, a working product and an awesome team, which makes me think that they have what it takes in order to achieve their goals. The token metrics could be better from an investors point of view, and if they can do proper marketing, the hype will also grow and the token sale could prove to be a success.
•Website https://www.tunetoken.io
•Telegram https://t.me/recordgramICO
•Twitter https://twitter.com/recordgram?lang=de
Recordgram app
Android https://play.google.com/store/apps/details?id=recordgramllc.com.recordgram
IOS https://itunes.apple.com/us/app/recordgram/id1126223607?mt=8