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Choon

Art & Music

Overview

Choon is a music streaming service and digital payments ecosystem - designed to solve the music industry's most fundamental problems.

Features

At Choon, artists will be paid on a daily basis, with NOTES tokens being delivered into artists’ wallets at the end of each day via Choon Real-Time Royalty Network™.

The Choon ecosystem will offer a multitude of ways for artists to spend their NOTES within the ecosystem. The ways include but are not limited to promoting their own tracks via in-site advertising, tipping “superfans,” crowdfunding up-and-coming artists, and playlist inclusions, as well as many more.

Choon will maintain an o-chain ledger on a secure-processing service. It will manage an authority that can cryptographically sign vouchers that artists can redeem whenever they wish to withdraw NOTES from Choon into their Ethereum wallets.

The signed voucher is then submitted to a smart contract that veri­fies the signature and issues the NOTES to the artist. The artist will not need to handle the voucher directly: instead, the process will happen seamlessly in a web3 dApp available to the artist. A slightly simplifi­ed version of the voucher contract is deployed on TestNet for the prototype system and is available on GitHub.

Crowdsale

Token Sale
ICO start date 02 Jul 2018
ICO end date 01 Aug 2018
Legal
ICO Platform 3
Registration Country United Kingdom
Token details
Ticker NOTES
Type Utility-token
Additional Token Emission No
Accepted Currencies

ETH

Token distribution

50% - Reserved for Streaming as Mining

25% - Sold in Token Sale

12.5% - Founding Team

6.25% - Employee Compensation and Company Expenses

5% - User Promotions and Incentives

1.25% - Advisory Board

Funds allocation

16% - Product Development

4% - IT, Server, and Security

4% - Tech and Web

13.6% - Marketing and Advertising

2% - Catalog Content and Acquisition

2.4% - Community Outreach

21.6% - Team and Employment Taxes

6% - Accounting, Tax Compliance, and Planning

2.4% - Legal

4% - Administration and Overhead Costs

2% - Office Costs

2% - Reserve

20% - ICO Corporate Tax Reserve

Ratings

Type of scores
Score
Status
Hype score High Active
Risk score High Active

Team members

Name
Position
Score
Social
Co-Founder & CMO
NA
Co-Founder & CTO
NA
Co-Founder & President
NA
Co-Founder & CFO
NA
Co-Founder & CEO
NA

Advisors

Funding Rounds

Rating Review and Analytics

Investment rating Info NA
Hype score Info High
Risk score Info High

Ended

Start ICO 02 Jul 2018
End ICO 01 Aug 2018
Token NOTES
Product Type Platform
MVP Alpha
Registration Country United Kingdom
Whitepaper View
Choon (NOTES) widget
Rating Get this widget
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