Proposal
Introduction
Btcmyk Music player allows steem artist to promote and earn on their musical production. Music online services have built internet media. Music and use of the blockchain still in it's infancy. We see music as not only a universal way to unite people. We see it as a great catalyst for blockchain use. We plan to use our new player to bring musicians and communities to the steem blockchain.
Benefits To The Steem Blockchain
The musical industry can utilize the steem blockchain and create many benefits for both artist and the blockchain. The music player uses a vote system that is rewarded in a scot token. The token is purchased and sold against steem. An increase in the demand of use of the player means that ultimately more Steem is purchased.
The oncoming of smt's is important to the steem blockchain. Smt's and Scot tokens require the use of steem. For musical arts and their fan base they will need to hold steem accounts to access the tokens. As we bring in new artist we grow the value of steem.
Btcmyk Music Player Details
The player is revolutionary and unlike any musical system that exist that we know of today. The system will reward tokens based on the amount of track plays. There will be additional tokens that may be earned as tips by rating the artist. Curators earn on every track they listen to 1 token per song. Rates may change or adjust on the site.
The player is off chain but this may change in the future. The player is used off chain. This allows users even without steem accounts to use the player and earn. However this allows us to segregate their accounts and still trade against steem value using platforms like Freedomex.io. This creates a much more smooth onboarding experience and allows users at later points to purchase steem accounts directly with our earned tokens or be approved for an account.
Funds and Use
We are seeking 4900 sbd to help in outreach efforts for player use. We plan on a daily budget of 200 sbd to release it daily back into the btcmyk token in the market. 50% of daily trade volume for the token may be sold off per day to be used in our day to day operations.Day to Day operations defines parameters of whatever the project sees fit on how to utilize the funds. Circulating value through the token allows us to supply the musical artist with tokens and curators from our own treasury.
This outreach method works much greater to negotiate on the basis of our token value with content influencers and marketeers. It allows us to totally maximize our budget. If we were to directly take 4900 sbd it wouldn't allow us to obtain the best results for our outreach. This method allows content influencers to not only help promote us but share in our future success.
The funds will help to fund our treasury. This allows us to generate the necessary tokens to play for streams and curation. All value comes from our treasury. There is no inflation of our tokens. As we are able through the treasury to supply millions of tokens for artist and curators we feel this is the best approach. The community then has the ability to purchase our tokens over exchanges and share in our success as well.
This is not a measure to inflate our token or conduct some scheme. This is a necessary function to allow the use of our platform and have the ability to supply newly onboarded users with token value as well as musical artist. The btcmyk token is as well a bitcoin side chain deflation token. However we chose to integrate btcmyk tokens into the player as we feel ultimately it presents an even greater chance to give musical artist more value. We believe systems like this can revolutionize the music industry. Artist would no longer have to search for ways to promote music or earn off their intellectual property and music.
Marketing
The btcmyk music player system would seek out content influencers and agree upon payments in our tokens that serve both parties. This is why it is so important capital injections go directly into the token. Otherwise marketing dollars would consume the funds.
We will also supply regular outreach from our youtube channel to gain more artist. Artist will have several functions on the player such as social media share buttons to help them gain more users to the platform thus bringing more users to the steem blockchain.
Information on social blade marketing data: https://socialblade.com/youtube/channel/UCbopSkEM06TLti8WDLRzSow
Security
The steem community releases funds with very little protection for themselves. Dlive once part of the steem blockchain as well as Dtube have now opted to create their own blockchains. The community could easily remedy this issue with tokenized security.
Having a Scot token trading within the steem ecosystems only guarantees that use has to be done in steem. We believe this is the best security against such situations.. That all buy orders and value and new users conduct business in steem. Technolgy itself is not enough.. The systems can still leave the blockchain and do. It is the tokenized value and security over the exchanges that matters.
So this allows for the steem community not only to potentially receive more value. It allows them to have ownership in the project trading against steem. They are then able to liquidate their positions if any problems occur. It is very much the disadvantage for the project not to use the steem blockchain. Free transactions and easy to use interfaces makes it much more appealing for the onboarding of new users.