Salam Music community, on this blog I will introduce about Potentiam Ecosystem Music Appreciation project, and for more details let us discuss the following discussion:
Potentiam is a collaborative social network of media and decentralized incentives. Created by the Britznbeatz team that has built a solid subscription base and ongoing interaction with music creativity. We connect music creatives directly to their target market.
Nobody does what we do
MODULE SUMMARY
Blockchain Ethereum is a public blockchain, a functionally distributed ledger where the Potentiam Ecosystem is built using standard 20 standard ERC token structures.
Potentiam is a carefully cultivated Social Music collaboration network in the heart of the blockchain ecosystem that allows people to combine talent and effort to create music or entertainment based projects.
The Potentiam ecosystem allows direct interaction between content creators, influencers and supporters. This eliminates the need for intermediaries The Potentiam feature can be summarized in the points below :
- Sources for interesting content from the music world
- Music artist promotion
- Social CRM ( Identifying, retaining and refreshing relationships )
- Crowdfunding & Tokenized Opportunities
- Job creation and reward for Writers
- Reward for contributors in the project
- Crypto is stable
- Advertising opportunities
- Short message
Potentiam has a unique Token
Having a parallel unit of kriptocurrency means having a stake in the underlying network. PTM holders not only have a certain number of currency units. These units, other than as exchange units, are the 'shares' in the future of the entire network's success. Millions of people around the world can align their economic incentives using PTM. Use of bitcoin, ether or other cryptocurrencies can be used, but we deem it necessary to use our cryptocurrency ( PTM ) for the benefit of this project to encourage strong community around it ( loyalty program ).
Profit Sharing Token
In both scenarios, the creators of the project after consultation with their legal advice may choose at the point of creation to use a reproduced token as a decryption token that grants people access to future content or as revenue-sharing tokens in which revenue generated from the project is distributed to the crowdsale token.
Target market
Potential targets two major markets :
- Music & Promotion Marketing
- The record companies are estimated to annually invest $ 4.5 billion worldwide for marketing. It represents 26% of industry revenue. Marketing and promotional costs are the single biggest expense for record companies on new artists. Artists pay anything from $ 100 and up to get promotions. The global music business is said to be worth $ 15 billion and that number will increase, Potentiam will seek to expand its target market area in the future.
- 2. Social Media
- Facebook earned more than $ 26 billion in total revenue in 2016. User content on social media platforms generates billions of dollars, Annual growth continues. There is no doubt for the power of social media communication.
- Allocation of Token
- A total of 100 million tokens will be created using the platform.
- The diagram below shows the token allocation mechanism used for PTM.
Budget allocation
Our goal is to provide an extensive and innovative experience with the features at Potentiam. The collected property will be used for network technical development, legality, testing, deployment and network marketing. Ten percent of total Tokens supplied will be locked into smart contracts and accessible after one year. This is to demonstrate our commitment and trust to the value of PTM to investors. If crowdsale does not reach the anticipated amount, we have a strategy to re-adjust the schedule, development process and marketing to safely accommodate the results.
Fiscal policy
We can manage commercial profits based on the level of external competition, changes in operating costs and other unknown factors. This is a way of managing the token issued at this time without taking drastic measures related to monetary policy. The fiscal policy measures highlighted here are not directly related to the management of token supplies in circulation but are somewhat related to the management of token flows through indirect economic incentives. Potential use increases in commercial profits, which increases the demand for aggregate tokens (from D1 to D2 in the diagram below). Such actions can occur in combination with monetary policy decisions, for example, aggregate token demand increases through fiscal policy decisions, issuing firms may also release further tokens, which may be held in escrow, increasing total supply in circulation (from S1 to S2 on diagram below). Increased supply in Indonesia Circulation and demand due to rising commercial profits may have minimal impact on current market prices. This simple thinking experiment can be visualized in the following diagram :
ROADMAP
Team
Marcus O. Adetola - Chief Executive Officer
Marcus ventured into the music industry managing emerging artists and witnessed the tremendous difficulties present. Being one who does not see obstacles only opportunities, he founded Britznbeatz a UK music discovery music platform. He is an all-round entrepreneur and a problem solver.
Ben Balogun - Chief Operating Officer
Ben is a serial entrepreneur who acquired his Bsc in Accounting and Finance from the University of Plymouth, his passions are music and fintech. He cofounded Britznbeatz and now Potentiam. He envisions Potentiam giving the control over creative direction and reward in the music and entertainment industry back to the people with the aid of the blockchain.
Ali Zain - Chief Technology Officer
Ali Zain has over a decade of experience in Full-Stack application development. He is an expert in blockchain, cryptocurrency & ICO development. He also co-founded Ideofuzion.
Advisors
Daniel Lerner
Music industry leader Daniel Lerner is a 4 time Grammy winning engineer. He has worked with the likes of Daft Punk, Mick Jagger, Dave Stewart and Pharrell Williams. Daniel started his career working on music for dozens of films including TRON:Legacy, 3 Bourne films, Mr & Mrs Smith and Happy Feet. Daniel mixes and records film scores in his state of the art studio based in Los Angeles and also produces emerging music artists.
Peter J Nelson
Mr. Nelson is the current managing director of marketing for Pro Motion, America's oldest independent music promotion firm. Clients consist of independent and established recording artists & songwriters on major record labels, including Columbia Records, Warner Bros, RCA, and Atlantic Records. Possesses an exceptional ability to discover/recruit talent and develop partnerships.
Mark Williams
Mark 'Tarboy' Williams is one of two members of the renown hip-hop producing duo Trackboyz. Among the hits they have engineered include Nelly's 'Air Force Ones' ( #3 on the Billboard Hot 100), D12's 40 Oz., Nappy Roots Po' Folks (#21) and J-Kwon's 'Tipsy' (#2).
Kim Barsegyan
Kim is a visionary designer who specializes in logo/brand identity and UI/UX/web design. Working with diverse businesses worldwide, he applies the best practices in visual design, psychology, and imagination to help conquer human hearts and minds.
Stefano Paluello
Stefano Paluello Polyglot developer and experienced technical manager with more than 15 years of experience in the IT market. Former Microsoft SDE and founder/early employee of different startups, one of the first involved in the Blockchain for Enterprise space, based in London and Vancouver. Nowadays working as Blockchain consultant and Tech Advisor/CTO for fintech startup(s) (using Blockchain or DLTs as well.
Brooks Clifford
Brooks first discovered bitcoin in 2013 while working at Morgan Stanley as a financial advisor and has been obsessed with crypto currencies ever since. Bitcoin combines his two favorite subjects; technology and finance and he loves discussing both sides of the world. Brooks founded DCI Capital Advisors, LLC a private investment group. Their mission is to provide exception returns for investors within the crypto-currency space.
For more information please visit the link below :
- Website : https://www.potentiam.io/
- WhitePaper : https://docs.wixstatic.com/ugd/73bd45_581334cbc5bc4d1a9cce6ee2133a7049.pdf
- ANN Thread : https://bitcointalk.org/index.php?topic=2209815.0
- Facebook : https://www.facebook.com/potentiam.io
- Twitter : https://twitter.com/potentiam_io
- Telegram : https://t.me/potentiamgroup
Author Article : Boyambon07
ETH : 0xE4Dcb7142A7fB9E3090059B69CedfEb88B2D2690
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