[ANN]Potentiam-The Blockchain Music Platform

[babsshore]

Since your token is a utility token, what measures have you put in place or strategies to attract users to your network.   

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[queenofbtc]

Hi Potentiam team. Very well done for the pre ico sale start date of 4th December. Amazing work. I will be putting done a considerable amount. You can count on that. This project is the that excites me the most especially the potent vault. Everything will be transparent using block technology too. Keep it up!!!!

Hi queenofbtc, thank you for your continuous support. We will certainly keep on trying our best. Also, it was on the white paper that 50% of team share is locked for 1year but some people missed it. So we have also put on the website now, clarifying our stance on the matter.
We have a running music business for us it is our passion to make this industry better. No chance of us cutting and running.

Thanks

Thank you for the reply and clarification. Much appreciated! I never ever had doubt of you guys cutting and running. This is the change needed in the music industry.
With Potentiam all the way to Mars.

[zee123]

Since your token is a utility token, what measures have you put in place or strategies to attract users to your network.   

Hi babsshore, thanks for taking the time to ask the question. As we already work in the music industry and are currently running a music discovery platform we have a good user following of both music lovers and artists.
We are also planning to deploy different types of marketing strategies for onboarding users such as partnering with already existing organisations we can explore synergies with. We also intend to do a lot of social media marketing, influencer marketing and the use of ppc marketing.

Thanks

[zee123]

Since your token is a utility token, what measures have you put in place or strategies to attract users to your network.   

Hi babsshore, thanks for taking the time to ask the question. As we already work in the music industry and are currently running a music discovery platform we have a good user base of both music lovers and artists.
We are also planning to deploy different types of marketing strategies for onboarding users such as partnering with already existing organisations we can explore synergies with. We also intend to do a lot of social media marketing, influencer marketing and the use of ppc marketing.

Thanks

I read through the question agian and realised I failed to mention some of the tools we have on the platform that would serve as an attraction to the Potentiam network. Such as the potent vault tool on the network, which exhibits master node reward like qualities for services rendered on the network which entitles holders to free premium content on the network and up to 30% of fees generated by the network. PTM token also possess deflationary characteristics meaning the more the network is used the more the PTM is reduced in circulation due to burning of PTM as fees. This has a positive and direct impact on the value of PTM. The economics on a whole is what we believe to be our strong point, incentivising people to engage on the network etc.

[zee123]

I can see this project is gaining considerable pace. To the moon Potentiam team. Goodluck i hope you are happy with my investment. This project will succeed bigger and bigger.

Hi Bossladyico, thanks for the vote of confidence.

[queenofbtc]

I can see this project is gaining considerable pace. To the moon Potentiam team. Goodluck i hope you are happy with my investment. This project will succeed bigger and bigger.

Hi Bossladyico, thanks for the vote of confidence.

Not at all. Its amazing what you are doing. 110% behind the team.

[Dipsomaniac]

Will any part of the project be open source?

I believe we are going to have some things on open source, but its quite difficult to give a definitive answer as we are building a private chain. I will speak to our CTO and find out more on this subject. Please bear with us.

Appreciate your answer. Maybe you guys could leave the less sensitive stuff as open source?

We will certainly try to keep things on open source as long as it doesn't compromise the security of the network.

Makes total sense. What will you guys do with unsold tokens?

[zee123]

Will any part of the project be open source?

I believe we are going to have some things on open source, but its quite difficult to give a definitive answer as we are building a private chain. I will speak to our CTO and find out more on this subject. Please bear with us.

Appreciate your answer. Maybe you guys could leave the less sensitive stuff as open source?

We will certainly try to keep things on open source as long as it doesn't compromise the security of the network.

Makes total sense. What will you guys do with unsold tokens?

We are considering two options at the moment but we are undecided as it stands. One is to lock the unsold tokens and the other is to simply burn it. Whatever decision we end up making has to be one that serves the bigger purpose of the network that is the users. I will revisit this question and give a more definitive answer soon.

[earthcoin]

I like your idea, is your token a security or utility?

Hi, we have researched extensively and carefully structured the token to be an app token, meaning its a utility token. It serves the purpose of granting access into the Potentiam network. It does not have characteristics of a security in way or form.

That's great, I'd have to agree too. So no legal team necessary?

[deeltje]

How would you explain what Potentiam does to a common person on the street, unfamiliar with blockchain?

[okspam]

Do you have any type of user statistics you are expecting on the network when finished?

Hi, we have created forecasts for the adoption of the project for the next 4 years I believe.
We created for the user model on the network, for the crowdfunding model and the potent vault adoption.
To see more of this you can request the exact detail from admin on telegram: t.me/potentiamgroup
We are leaving no stones unturned.

Thanks

I appreciate your detailed response, I'll get on Telegram to get a look at these projections. What would you say is the next big hurdle for Potentiam?

[GoBelle]

Will there be an Android platform for this eventually?

[Bossladyico]

Could you send me the bonus referral program or post it on here so i can take a look and introduce a few friends and family members. Thanks in advance

[zee123]

I like your idea, is your token a security or utility?

Hi, we have researched extensively and carefully structured the token to be an app token, meaning its a utility token. It serves the purpose of granting access into the Potentiam network. It does not have characteristics of a security in way or form.

That's great, I'd have to agree too. So no legal team necessary?

Hi, yes a legal team is not necessary though we have had consultations with some. However, we are going to retain the services of one eventually because of possible changes and adjustments to the law surrounding cryptocurrency.

[zee123]

How would you explain what Potentiam does to a common person on the street, unfamiliar with blockchain?

Hi deeltje, good question! There are so many ways to describe Potentiam to a common person on the street unfamiliar with blockchain
" A rewarding music social media network"
" The facebook of music"
" A unique place for artists and fans to connect and collaborate"
" An incentivised music social network"

[zee123]

Will there be an Android platform for this eventually?

Hi GoBelle, we are creating both a mobile app and desktop application, Potentiam will be available on Android.
Also, the mobile app prototype will be ready for display before the token sale starts.

[Dipsomaniac]

Will any part of the project be open source?

I believe we are going to have some things on open source, but its quite difficult to give a definitive answer as we are building a private chain. I will speak to our CTO and find out more on this subject. Please bear with us.

Appreciate your answer. Maybe you guys could leave the less sensitive stuff as open source?

We will certainly try to keep things on open source as long as it doesn't compromise the security of the network.

Makes total sense. What will you guys do with unsold tokens?

We are considering two options at the moment but we are undecided as it stands. One is to lock the unsold tokens and the other is to simply burn it. Whatever decision we end up making has to be one that serves the bigger purpose of the network that is the users. I will revisit this question and give a more definitive answer soon.

What are the advantages of burning them vs locking them?

[earthcoin]

I like your idea, is your token a security or utility?

Hi, we have researched extensively and carefully structured the token to be an app token, meaning its a utility token. It serves the purpose of granting access into the Potentiam network. It does not have characteristics of a security in way or form.

That's great, I'd have to agree too. So no legal team necessary?

Hi, yes a legal team is not necessary though we have had consultations with some. However, we are going to retain the services of one eventually because of possible changes and adjustments to the law surrounding cryptocurrency.

Good looking out for the future! Could there be any issues with illegal file sharing of music on your platform?

[Dofus]

What separates this project from the previous music related projects? e.g. viberate, opus

Hi, the Potentiam music project is one of a kind. It is merging the principles of social media and music, creating a balanced blend. Where everyone on the music supply chain can benefit by collaborating together. It does not focus on just a part of the music industry, but it confronts the industry has a whole. The founders of Potentiam have worked in music management and also run a music discovery platform britznbeatz, so they are well too aware of how the business works. The purpose of Potentiam is to avert the major problems music creatives face i.e capital, exposure, and revenue distribution.

The music industry needs something exactly like this. All the power is in way too few people's hands. How exactly does Potentiam allow people to collaborate more easily?

Hi, You are very correct too much power in few hands. Potentiam is a music social network which will have P2P messenger type service. So music creatives can communicate with each other directly and any agreement entered into is enforced with the use of smart contracts thereby eliminating the need for middlemen. It is a simple yet ideal.

It's simple, yet groundbreaking. This sort of technology could benefit just about any current social media platform. Will you guys have any patents for this?

Great question, we are going to try to, hence we have not released some information on some specialist tools on the network.

You guys should really try to file that patent asap, since it comes down to whoever files for it first. Big companies are filing new patents by the dozen every day.

[deeltje]

How would you explain what Potentiam does to a common person on the street, unfamiliar with blockchain?

Hi deeltje, good question! There are so many ways to describe Potentiam to a common person on the street unfamiliar with blockchain
" A rewarding music social media network"
" The facebook of music"
" A unique place for artists and fans to connect and collaborate"
" An incentivised music social network"

I feel like Myspace tried to become the 'Facebook of music' after it lost most of it's users. What will you do that they didn't try? How do you incentivize it?