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Author Topic: [ANN] [ADC] AudioCoin - A Digital Currency For The Music Industry  (Read 20498 times)
cryptobloguk
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June 13, 2015, 08:56:57 PM
 #1

http://www.aurovine.com/blog/wp-content/uploads/2015/05/AudioCoin-logo-plus-img.jpg

AudioCoin - A Digital Currency For The Music Industry
 
The official Press and Industry Launch of AudioCoin was at the world's biggest music conference
MIDEM in Cannes, France on June 6th 2015

http://www.aurovine.com/blog/wp-content/uploads/2015/06/midem-audiocoin-launch.jpg
AudioCoin launch at MIDEM 2015 - British Music At MIDEM VIP Zone

It was recently reported that the Music Industry had hit rock bottom in terms of revenue generated http://qz.com/383109/the-music-industry-has-hit-its-rock-bottom/

While streaming sites show some growth (mainly due to the younger demographic), artists and independent labels continue to suffer from what is (at best) a flaky business model.

What the music industry needs right now is innovation and a fresh start. It needs a Bob Dylan strapping on an Electric Guitar, It needs a Woodstock, it needs a Punk Rock style ground zero revolution.

In developing AudioCoin we looked at the problems facing the Music Industry and by thinking laterally to include the financial eco-system surrounding the business, we were able to come up with a model that is both truly revolutionary and perhaps more importantly, ethical and fair.

Our remit was to empower and engage music lovers all over the world and to break down any barriers that prevent music consumption even in third world countries. It needed to unshackle the need for young music lovers to borrow their parents credit cards to use iTunes or Spotify. Most of all it needed to create a global and ethical music ecosystem that was robust, exciting and open to everyone.

AudioCoin builds on the Peercoin and (by association) Bitcoin protocol to provide a new way to consume music. It breaks down the barriers of traditional e-commerce systems and provides a super cool way for music fans and artists to engage in viral marketing. The main gain is that artists (producers) and music fans (consumers) are rewarded tangibly and thereby rendering the current streaming model both archaic and redundant.

So what is AudioCoin and how does it work?
 
AUDIOCOIN (ADC) - Real World Application from Launch

 
Crypto-currencies have been plagued by two opposing forces. The proliferation of speculative new coins and (obtusely) a lack of real world applications other than profiteering on virtual exchanges. When the first idea of AudioCoin was mooted, our main goal was to put the application specific features at the forefront of our thinking.
 
As a solution for a particular vertical (The Music Industry) the coin has been developed so that the core software and applications can be ported to any other online music related platform. Our IP consists of the way we have applied open source software into a bespoke solution that can be plugged in to any other site.
 
Case Study: Aurovine
 
Aurovine is a direct-to-fan music delivery platform and distributor. Streaming, Downloads, Artist Profiles, Fan Profiles and Social interaction are core features of the platform.
 
AudioCoin has been integrated into the system as follows:
 
Artists and Fans who register on the system are provided with an online (or virtual) mobile compatible wallet. The wallets are also available as standalone downloads that can be run on any users computer. The wallets are used to store their credits (AudioCoins). Coins are automatically added to the wallet as soon as the user registers. Users get coins for joining the platform and further coins for engaging with and sharing the content via their chosen social media channels. Artists are rewarded in the same way when their music is streamed, downloaded and shared.
 
Artists
Each Artist who is registered on Aurovine and has uploaded tracks gets 250 coins.
Limited to the first 50,000 artists. Earns further coins from sales/streaming/shares (see below)
Artist at top of charts every week gets share in bonus bounty
 
Users (Fans)
On joining they get 50 coins - When account activated and first share completed.
For purchases/streams coins distributed as per below.
 
a) Streaming
The requirement to claim coins is that the track must be at least 50% streamed and then shared using our listen/rate/share feature. (Our system prevents spamming and multiple hits from same IP. The requirement to share via verified twitter/facebook will go some way to securing this system) For each valid share 0.5 coins will be transferred to artist wallet and 0.5 coins will be transferred to fan wallet. i.e 1 coin total for each social media channel.
 
In addition there will be 0.1 coins transferred to the bonus wallet for each verified stream.
 
B) Downloads (Paid)
There is no requirement to share for a paid download although the option to share for bonus coins as above will be presented at checkout/confirmation page.
For every paid download (track) 2.5 coins will be transferred to fan wallet and 2.5 coins will be transferred to artist wallet. In addition 0.5 coins will be transferred to the bonus wallet.
 
For album/ep downloads (3 tracks or more): 10 coins will be transferred to artist wallet and 10 coins will be transferred to user (fan) wallet. In addition 1 coin will be transferred to the bonus wallet.
 
c) Downloads (Free)
Same requirements and rewards as streaming.
 
The ‚'bank' or bonus coins are to reward power users and artists. The top 50 artists and users each month will share the contents of the bonus wallet. Top User 5% of bonus Wallet, Top Artist 5% of bonus wallet. 2nd 4.5% etc on a declining scale until contents of bonus wallet are empty.
 
We will also award coins for competitions, double coin days etc
We reserve the right to adjust reward values to reflect ADC value.
 
Website
http://www.audiocoin.eu


Bounty/Giveaway
Sign up to Aurovine as a music fan at http://www.aurovine.com/register/?account=fan

Users who sign up through the above websites will be awarded bonus coins

Block Explorers
http://www.blockexperts.com/adc
http://www.presstab.pw/phpexplorer/ADC/index.php

Contact
support (at) audiocoin.eu

AudioCoin (ADC) Coin Details

Algo: Scrypt POW/POS

1. Name of Coin : Audiocoin

2. Abbreviation of Coin : ADC (see gihub.com/aurovine)

3. Max number of coins ( Including POS phase) : 10.5 billion total

4. Timings of block (in seconds) : 60 seconds

5. Coins per Block (during pow phase) : 4000 coins per block reduce 5% every week

7. Block number when POW ends  : 2.1 billion coins POW - Block number 525000 POW will stop (2.1 billion/4000 ) . This is approx 20%

8. POS interest per year : 18% per year (1.5% per month)

9. Premine in number of coins : 5% or 525 million

(Premine is exclusively for Aurovine Eco-system, 3rd party platform incentives, Dev/Bug Bounties, Rewards, Marketing and Faucets)

We reserve the right to amend these specifications at any time if it is in the best interests of the coin's sustainability and longevity.

Client (Wallet) DOWNLOADS

Windows: https://github.com/aurovine/AudioCoinWallets/blob/master/Audiocoin-Windows.zip

Linux: https://github.com/aurovine/AudioCoinWallets/blob/master/Audiocoin-QT-Ubuntu.zip

OSX: https://github.com/aurovine/AudioCoinWallets/blob/master/Audiocoin-Qt.app.dmg (Mavericks & Yosemite only)

SOURCE CODE

https://github.com/aurovine/audiocoin

POOLS

Multipool EU OZ BTC MIners

http://adc.eu.ozbtcminers.com

Cryptic Zero

http://www.crypticzero.com/adc

Mining Sweden

http://adcpool.miningsweden.se/

Multi Coin Pool

http://multicoinpool.org/

Hash Goal

http://hashgoal.com/pool/ADC/
 

NODES
addnode=192.3.165.30
addnode=198.12.75.25
addnode= 107.170.156.17
RPC Port :26159
P2P Port: 25159

EXCHANGES

Bleutrade - https://bleutrade.com/exchange/ADC/BTC
Bittrex - https://bittrex.com/Market/Index?MarketName=BTC-ADC
C-CEX - https://c-cex.com/?p=adc-btc

FAUCETS

http://www.adcfaucet.com/
http://adc.bleufaucet.com

PRESS

http://www.aurovine.com/blog/2014/09/1242/
http://mi2n.com/press.php3?press_nb=176189
http://www.musicindie.com/resources/suppliers-directory/friend-141
http://louderthanwar.com/aurovine-new-online-music-outlet/

SOCIAL

Twitter: http://www.twitter.com/ADCaudiocoin
Facebook: http://www.facebook.com/aurovine

WHITE PAPER

https://docs.google.com/document/d/1EbS-Gb6ca7C8t_hl22grMNQ58aKW-324ozzjYfhirI8/edit?usp=sharing
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June 13, 2015, 09:06:08 PM
 #2

old coin..I was lucky at 250 satosi  Grin Grin Grin Grin

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June 13, 2015, 09:27:34 PM
 #3

Maybe I am missing it so I must ask... which came first? The coin or the platform?

Otherwise, looks interesting. Nice to see something that actually has some utility.

This post sums up why all this bullshit is a scam
Read It. Hate It. Change the facts that it represents.
https://bitcointalk.org/index.php?topic=1606638.msg16139644#msg16139644
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June 13, 2015, 09:28:00 PM
 #4

I was going to post this here a couple of weeks ago but site was down due to the hack.

We spoke to Brian Message (Radiohead manager) and a few other industry techies who are looking at blockchain solutions. AudioCoin is the first serious digital currency based solution. We're currently in talks with 2 European companies about integration and have contracts prepared for a deal with China/Taiwan/Hong Kong.
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June 13, 2015, 09:37:12 PM
 #5

Maybe I am missing it so I must ask... which came first? The coin or the platform?

Otherwise, looks interesting. Nice to see something that actually has some utility.

Thanks, the platform predated the coin by 3 years.
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June 13, 2015, 09:42:00 PM
 #6

your roadmap interesting,good job and good luck friend  Roll Eyes Roll Eyes Roll Eyes Roll Eyes

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June 13, 2015, 10:41:59 PM
 #7

Looks good... glad the ANN finally hit BCT.

Good luck.

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June 13, 2015, 11:35:40 PM
 #8

Go audiocoin! Take away the starving from us starving artists.... Wink

|| coremedia.info || deadlightbulb.com || soundcloud.com/imprints || WAVES: 3P6sBgnQQ5ZEZtHPVaN3tizNLTs3cpc78eF
|| BTC: 1GuwtUusxwwZPLPYArTyeNvdt7ECwmnsSQ ||
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June 15, 2015, 03:22:48 PM
 #9

ive been mining this from day 1.  Looking good to me so far.  Price has been fairly stable.  Aurovine still has some bugs but devs seem to be actively working on it.  So far this coin is turning out to be pretty legit.

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June 15, 2015, 03:33:17 PM
 #10

Bought, sold, bought, sold and finally bought and kept. Interesting project, pity there number of coins is so high that the most probably final price (apart from dumps and pumps) might not justify mining it.

Do you have a project in need for detection and tracking of people? Fill the form to have a chance at winning a Xetal Development kit at http://www.xetal.net/?page_id=1562
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June 15, 2015, 04:34:20 PM
 #11

Spanish translation done: https://bitcointalk.org/index.php?topic=1090401.0

.SPECTRE.                ▄▄███▄▄
            ▄▄███▀▀▀▀▀███▄▄
▄▄      ▄▄███▀▀ ▄▄███▄▄ ▀▀███▄▄      ▄▄
████▄▄  ▀▀▀ ▄▄███████████▄▄ ▀▀▀  ▄▄████
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▬▬     WHITEPAPER    ▬▬
FACEBOOK     TELEGRAM
TWITTER     SLACK     MEDIUM
.
PRE-SALE.
PUBLIC SALE.
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June 15, 2015, 05:03:29 PM
 #12

great work!!!
cool when have a serious attitude to launch

| 
 
50
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$1,5 M
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|
 
<>
<>
<>
<>
 
GITHUB
TWITTER
YOUTUBE
FACEBOOK
soulgate
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June 16, 2015, 02:27:34 PM
 #13

Where I can see my earned AudioCoins on https://www.aurovine.com/ ? Can't find my Wallet and after pushing on account tab and see nothing.
And where is my free 50 ADC? Don't see any confirmation after I submitted my name and e-mail on http://www.audiocoin.eu/. Please help.


███████████████████████████████████████
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DECENT
FOUNDATION



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[D]ecentralized application
[E]liminated third parties
[C]ontent distribution



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[E]ncrypted & secure
[N]o borders
[T]imeless reputation



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andy35
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June 16, 2015, 02:40:23 PM
 #14

Directly below the specifications there is this statement.

Quote
We reserve the right to amend these specifications at any time if it is in the best interests of the coin's sustainability and longevity

Decisions to change the specifications should be put to a community vote, not unilaterally decided by the dev. How can miners or investors have confidence in AudioCoin if the dev can change the specifications to whatever he wants, whenever it suits him?
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June 16, 2015, 03:28:38 PM
 #15

Where I can see my earned AudioCoins on https://www.aurovine.com/ ? Can't find my Wallet and after pushing on account tab and see nothing.
And where is my free 50 ADC? Don't see any confirmation after I submitted my name and e-mail on http://www.audiocoin.eu/. Please help.

I am actually having the same problem.  Using Chrome.  here is a screenshot.

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June 16, 2015, 06:58:55 PM
 #16

Where I can see my earned AudioCoins on https://www.aurovine.com/ ? Can't find my Wallet and after pushing on account tab and see nothing.
And where is my free 50 ADC? Don't see any confirmation after I submitted my name and e-mail on http://www.audiocoin.eu/. Please help.

I am actually having the same problem.  Using Chrome.  here is a screenshot.
http://i.imgur.com/kmR0AMv.jpg

Hi Guys,
When you are logged in just go to profile under your username (top right). Then you will see Audiocoin tab is on the right.
Our devs are adjusting this so that the profile page will be default when you log in. We've also added transactions on same tab.

Re: the question about community decisions on specs. Absolutely, this is a decentralized community coin. Nobody owns it.
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June 16, 2015, 07:07:10 PM
 #17

ADC is now on the voting list at Gourl.io https://gourl.io/coin-voting.html
 
If anyone has a few spare satoshi or fancies writing a blog etc for votes please help us get higher up the voting.
 
BTC address for coin votes is: https://blockchain.info/address/1GvEiFq2YsBTZ7nQhPaH3ZyRbs7RDatKzU?filter=2
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June 16, 2015, 09:37:31 PM
 #18

===============================
http://www.presstab.pw/phpexplorer/ADC/
===============================

Hands down, this is the best Block Explorers available with very unique real time statistical information, Address and Pow/PoS difficulty charts, Address claim, Rich List, sortable columns, drill down TX information, etc...

With upcoming features...
- stake view displaying an addresses staking summary
- Markets summary
- Signing and sending raw transactions

This service was only launched a week ago (outside of HYP).

I was able to work out a deal with Presstab (Dev) and have already prepaid the activation fee and for 6 months of service.
With that said, I think its a service worth keeping for the long run, hence I propose a donation address and use those stakes in order to pay for the renewal of this service when the time comes (every 6 months).

Anyone who finds this Block Explorer useful and worthwhile, please donate to the following address AU1G5VfsHCpQKuu2FGyGcSmRL1EjdUVHcE and I'll make sure the service remains available for AudioCoin.

Thanks,

-Kushed


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June 16, 2015, 09:44:23 PM
 #19

===============================
http://www.presstab.pw/phpexplorer/ADC/
===============================

Hands down, this is the best Block Explorers available with very unique real time statistical information, Address and Pow/PoS difficulty charts, Address claim, Rich List, sortable columns, drill down TX information, etc...

With upcoming features...
- stake view displaying an addresses staking summary
- Markets summary
- Signing and sending raw transactions

This service was only launched a week ago (outside of HYP).

I was able to work out a deal with Presstab (Dev) and have already prepaid the activation fee and for 6 months of service.
With that said, I think its a service worth keeping for the long run, hence I propose a donation address and use those stakes in order to pay for the renewal of this service when the time comes (every 6 months).

Anyone who finds this Block Explorer useful and worthwhile, please donate to the following address AU1G5VfsHCpQKuu2FGyGcSmRL1EjdUVHcE and I'll make sure the service remains available for AudioCoin.

Thanks,

-Kushed

I can confirm Kushed paid me for the server costs. I received a small amount of ADC from the dev team as a bounty that I will forward on to you Kushed. I encourage others to send some your way as well.

presstab's Block Explorer Service | Only $10/mo for most coins! | Richlist w/ Address Claim | Market Cap Charts | Stake Weight Tracking | PoS % Rate Tracking
PIVX - Private Instant Verified Tx | HyperStake - Fun & Easy High Reward Staking
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June 16, 2015, 09:55:20 PM
 #20

===============================
http://www.presstab.pw/phpexplorer/ADC/
===============================

Hands down, this is the best Block Explorers available with very unique real time statistical information, Address and Pow/PoS difficulty charts, Address claim, Rich List, sortable columns, drill down TX information, etc...

With upcoming features...
- stake view displaying an addresses staking summary
- Markets summary
- Signing and sending raw transactions

This service was only launched a week ago (outside of HYP).

I was able to work out a deal with Presstab (Dev) and have already prepaid the activation fee and for 6 months of service.
With that said, I think its a service worth keeping for the long run, hence I propose a donation address and use those stakes in order to pay for the renewal of this service when the time comes (every 6 months).

Anyone who finds this Block Explorer useful and worthwhile, please donate to the following address AU1G5VfsHCpQKuu2FGyGcSmRL1EjdUVHcE and I'll make sure the service remains available for AudioCoin.

Thanks,

-Kushed

I can confirm Kushed paid me for the server costs. I received a small amount of ADC from the dev team as a bounty that I will forward on to you Kushed. I encourage others to send some your way as well.

Thanks for that!  I've just added another 100K to that as well. Donation address now has total of 350K ADC.
Track Block Explorer Donation Funds here...
http://www.presstab.pw/phpexplorer/ADC/address.php?address=AU1G5VfsHCpQKuu2FGyGcSmRL1EjdUVHcE

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