It sounds a bit ridiculously decentralized platform for guitar players, what can blockchain do and how will it improve something in the guitar community? How will you help guitarists make money through your platform?
Hi there. Thank you for your question. I'm sure that in 1876, when Alexander Graham Bell was telling people that they would be able to talk to each other without ever leaving their houses, to some people this may have sounded ridiculous. But look how that worked out.
One of the reasons why today a single Bitcoin is worth thousands of dollars is because it's a payment method, a payment system that's OUTSIDE the bounds of traditional banks and "tried and true" money transfer methods of the financial world. Those are under strict control that benefits the "key holders" of those systems.
The current systems that guitar players use do NOT benefit them. And that makes perfect sense because they were NOT designed to benefit anyone else but the platform itself. Look at YouTube earning millions by slapping targeted adds to people's original content and (in best case scenarios) paying them pennies. How about the well known "guitar lessons" platforms selling guitar player's hard work (their original content) to those same guitar players' followers and keeping 80-90% of the profit? How nice is that? Well it is, but not for the players. One of the many reasons this keeps on happening is because those platforms do NOT reveal the exact numbers - sales, percentages, fees etc. They don't want to. If that happens it's quite possible that everyone (buyers included) may see those systems for what they are - cash machines making money on the sweat&tears of guitarists who have toiled for many years, mastering a very difficult instrument while covering the ongoing cost out of their own pocket.
Blockchain provides for FULL TRANSPARENCY of all sales. All BitChord sales will be public information on the Ethereum blockchain. BitChord takes NO FEES and NO PERCENTAGES out of the guitar player's content price. Guitar players keep 100% themselves. Further guitarists would be able to earn money on the platform in different ways:
- 1. For uploading approved content the platform will automatically award you some of our BitChord tokens (BCD) which are already available to purchase.
- 2. Other users may buy your content.
- 3. Other users may decide to tip you as a "thumbs up".
- 4. BitChord takes NO fees from guitar players for hosting, advertising, selling and distributing their content. Guitar players always keep 100% of their product sale price.
- 5. Once we have developed viable advertising partnerships and strategic alliances with companies trying to market their products and services to the BitChord audience - guitar players hosting their original content on the platform will receive a share of the advertising revenue.
That's right - that's PASSIVE income (income you don't have to work for) for life. The amount different players earn will vary depending on many factors, but even if it's $20 a month - imagine no longer having to pay for your mobile service? That would be nice, wouldn't it?
Considering that companies like CryptoKitties were able to raise $12 million dollars to bring collectable kitties to the Blockchain - we believe that a platform aimed at helping real people battle the modern day challenges of playing guitar while trying to stay alive and pay your bills - should get at least some support.
