SOMESING – A Decentralized Ecosystem For Music Lovers

by | Dec 20, 2018 | Cryptocurrency News, Press Release

somesing

Digitalization has not merely proven exponential for the mainstream business realm, it has also provided an array of innovative opportunities for creative minds and significantly helped them flourish on a global scale. One such unique and innovative invention was Karaoke. In the year 1971, the Japanese musician, Daisuke Inoue invented the karaoke machine in Kobe, Japan. Soon after its invention, the concept became extremely popular in Asia and promptly, it popularity spawned across the globe. Presently, there are many digital karaoke softwares and apps that enable users to enjoy Karaoke on their smartphone and personal computers. 

Challenges of Present Karaoke Scenarios

The popularity of karaoke applications has certainly been skyrocketing over the past few years. However, how many of these karaoke applications operate to benefit users? The existing system of karaoke application offers various services based on the profit they gain from the users fees. To enjoy and recreate music, users have to pay fees. While karaoke allows users to compose their own music, users don’t receive any rewards in return for their creative work. 

SOMESING – Bringing About a Karaoke Revolution 

SOMESING is an unconventional concept that envisions to transform the present system of karaoke application and make it more user-centric. It has leveraged blockchain technology to offer users compensation for their creative efforts within the ecosystem. SOMESING is a free service platform for SingLovers worldwide. The platform enables participants from around the world to become an active creative member and compose music covers based on their preferences. Additionally, the platform has a fair reward and profit sharing system that rewards creators to encourage their creativity. 

The Two Staking Elements of the SOMESING Platform 

The development of SOMESING centers on two staking elements. The first element offers free singing and composing services. It further allows users to open their digital store via a single token deposit. Adhering to the free service policy of the platform, the deposited tokens are returned to the users when they use the services within the app.

The second element is the design of the content wallet and emphasis on the distribution of tokens. Within this content wallet, tokens accumulated by sponsors, gifts, and external marketing are kept for four to eight weeks. As the submission of video content increases, the number of tokens accumulated in the wallet also raises. After the completion of a set period, these accumulated coins are distributed to the music creators based on their contributions.  

Why a Decentralized Approach?

The present compensation system of karaoke application is based on the centralized system. However, the centralized compensation system lacks reliability, transparency, and security. SOMESING has leveraged blockchain technology to eliminate the aforementioned inefficiencies. Through a decentralized compensation system, it offers users transparency and security while distributing rewards and profits. 

SOMESING – Recreate and Get Rewarded 

SOMESING is a music service that integrates blockchain technology in order to offer music producers fair rewards for submitting their work and contributing to the ecosystem. It is a user-centric platform that envisions to provide creative minds with a secure and transparent ecosystem to showcase their skills and earn substantial benefits in return.  

Learn more about Somesing on http://somesing.io/

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