I'm posting this under Off-topic as I feel it's most appropriate. I hope the moderators keep the thread here since I purposely don't want it as an [ANN], [ICO] or some other [next big thing] post. If you're here looking to get rich, move along, nothing to see here.

Just to be clear:

No ICO, there won't be a sale of any sort

No radical technological innovation under development

No team with years of corporate business experience. No PhDs, MBAs...


Okay, great we got that out of the way. Now to the three of you that kept reading, here's the deal:

I run a project, it's a music project called Block Label. Conceptually it's very simple and I think it's pretty cool. The project releases music for artists on services like Spotify and Apple Music. In return the artists receive some tokens. These tokens receive most of the profit the project generates. That's it, pretty simple.

The artists can send these tokens to anyone they want, meaning they can share their profits. I've sent the same tokens to people answering trivia and also sent some to charities. Here's where it gets interesting. Everyone with the token that listens to a Block Label release on Spotify and Apple Music are essentially generating a small portion of their own return since listeners are the ones that create the streams, which in turn generates the income the project gets. Profits are sent to the tokens, which are held by a listener, who then listens to a Block Label release...you get the picture, full fucking circle! I'll leave a link at the bottom of this post with some info about the neat thing about sending these tokens to charities and The Pirate Bay.

While all that may sound nice, we aren't reaching the numbers needed. Which isn't surprising regardless of the quality of music being released. There isn't any traditional marketing being done. Instead of paying Google and Facebook for ads I'd rather see it go to those that create the revenue, hence the tokens. A bunch have already been sent out, yet we aren't seeing any change in the amount of listeners. So, I want to try something. I'll send tokens to anybody that wants to become a fan and listener. You'll have to prove you're actually a listener first though.

• All you have to do is follow Block Label on Spotify then post your Spotify username and bitcoin address.
• Head over here to do so.

Any bitcoin address can receive these tokens, it's only when you plan on sending them you'll have to use a Counterparty compatible wallet.

I'll send tokens to no more than 10 new fans/listeners every month. If a lot of people happen to participate they'll go on a waiting list for next month and so on. We can slowly start to measure if people are actually listening and also see if people are being honest, that they aren't creating multiple accounts to get more tokens. Regarding the issue, if everybody created two accounts, that would lead to only half the amount of new fans/listeners per month. If you receive double the amount of tokens, but the total number of streams (profit) is half of what it could have been, it becomes a zero sum game.


!!! If you've submitted the form correctly, but haven't received anything yet !!!
We're using minimal fees, it may take some time before you see your tokens in your wallet. Don't worry, profits won't be distributed to the tokens any time soon. The following addresses have pending FANTOKEN transactions:

No pending transactions


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Good to know:

* This project has actually been running for two years. I've been a little reluctant posting about it on this forum, I was concerned that people would treat it kind of like mining. That token holders start streaming as much as possible on all their devices. Which isn't such a problem now that our catalogue of music is longer. Even if one were to stream our playlist all day long, each song would only be played ~6 times. I've heard songs played on the radio more often than that!

* The total number of tokens isn't the important part here. The amount circulating outside the originating address is.

* If there's a profit, Block Label receives payment around 4 times a year. It's important to be aware that distributions will only happen a few times a year.

Links:

Each stream doesn't pay much, this article gives a good breakdown of it.
https://www.digitalmusicnews.com/2016/05/26/band-1-million-spotify-streams-royalties/

Sending tokens to charities and The Pirate Bay:
https://blocklabel.com/announcements/2016/7/1/what-if-it-was-profitable-for-the-pirate-bay-when-you-listen-to-music-on-spotify?rq=what%20if%20it

Proof of Concept. Here is an example of profit distribution. There's some info about “dust limitation” worth noting:
https://blocklabel.com/announcements/2016/3/11/nokcoin

Translations:

Filipino by uelque
Indonesian by andrearz
Portuguese by ismart1

Signatures

Show your support, add a signature to your profile. The signatures were provided through the courtesy of Anyobsss.

Official Bounty Thread

Join the street team, do a translation, or draw something cool! Bounties will be posted in this thread:
https://bitcointalk.org/index.php?topic=2207291

Updates:

09/08-2017: It's now much easier to receive tokens.
https://bitcointalk.org/index.php?topic=2048120.msg20745371#msg20745371

16/08-2017: Summary of July
https://bitcointalk.org/index.php?topic=2048120.msg20916628#msg20916628

17/08-2017: New page that's simpler to enter one's info to get tokens.
https://bitcointalk.org/index.php?topic=2048120.msg20970513#msg20970513

05/09-2017: Full circle flowchart
https://bitcointalk.org/index.php?topic=2048120.msg21538572#msg21538572


09/09-2017: Summary of August
https://bitcointalk.org/index.php?topic=2048120.msg21672056#msg21672056

04/10-2017: The value of FANTOKEN
https://bitcointalk.org/index.php?topic=2048120.msg22555050#msg22555050

12/10-2017: Summary of September
https://bitcointalk.org/index.php?topic=2048120.msg22926904#msg22926904

06/11-2017: Summary of October
https://bitcointalk.org/index.php?topic=2048120.msg24112646#msg24112646

17/12-2017: Summary of November
https://blocklabel.com/announcements/2017/12/17/november-summary

07/02-2018: Summary of December & January
https://blocklabel.com/announcements/2018/2/7/what-happened-to-the-december-and-january-summaries

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Feel free to scrutinize, criticize and ask questions. I might not answer immediately as I'm not constantly online. But I will get round to it.

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C'mon, who's crazy enough to go first?

This is a cool project.  I do not want any free tokens or anything like that (Rather give those out to people more keen on them... [fans and listeners] )

I would dig to throw one of my tracks into the mix.  Sorry maybe I didn't read the thread correctly but how do I submit my music?

Here is one of my more recent compositions.  I often release under different names and my music has never been more than a hobby. But perhaps you like it and wish to sign me up : https://soundcloud.com/blockchain-project/this-is-gentlemen

Reminder that there's some tokens waiting for anybody that wants to become a fan/listener.

I've updated OP. It's easier to receive tokens now:

All you need to do is follow Block Label on Spotify then post your Spotify username and bitcoin address:

Head over here to do so.

Update. New page that's simpler to enter one's info to get tokens.

Visit: https://blocklabel.com/street-team

Wohoo, just sent some tokens to our first street team member!

Since he's the first one to fill out the form, some extra tokens are due I think. Twice the amount of tokens were sent.

Everybody else will be getting 25 tokens.

Total streams for the month of August: 10356

Here's what the statistics we receive looks like:


It's less than July, however, we got 501 streams within a single day in August. That's 30 more than the best day in July.

 

S3D1K4 - The S3D1K4 Experience, Vol. 1

 Spotify / Apple Music

The value of FANTOKEN

I recently received a PM asking how much these tokens are worth in terms of USD. Here's my reply:

Let's put that into context and talk about what happens if there's a profit.

At the moment new musicians and bands that join the project receives 1000 FANTOKEN. Street Team members receive 25 FANTOKEN, in other words 2,5% of what the musician makes if there's a profit (when does that ever happen elsewhere!?).

For example, if there's a profit of 10 BTC and we were to make a distribution today:

- FANTOKEN holders would share 9 BTC amongst each other  

- Currently there are 19691 FANTOKEN circulating outside the originating address, which means 9 BTC would be shared amongst 19691 FANTOKEN. This would be 0.00045706 BTC per FANTOKEN.

- A Street Team member with 25 FANTOKEN would receive a total of 0.0114265 BTC