BitSong (BTSG)
BitSong is a multifunctional blockchain-based ecosystem built to empower the music industry. BitSong’s decentralized ecosystem of services providers the global music community with a trustless marketplace for music streaming, Fan Tokens, and NFTs, powered by the BTSG token.
Basics
- Based in:
- Started in / Announced on: idea concived in 2018
- Testnet release:
- Mainnet release: "After launching the main BitSong blockchain in August 2020, the bitsong-2b mainnet went live on October 21, 2021." (11-3-2022)
History
"The initial intention was for BitSong to become an Ethereum-based application where fans could stream music and artists could receive royalties directly. However, after discovering Cosmos and its ambition to become the “Internet of Blockchains,” Angelo and Iulian immediately recognized the full potential of becoming part of a multi-chain environment."
Audits & Exploits
- Bug bounty program can be found [insert here].
Bugs/Exploits
Governance
Admin Keys
DAO
Treasury
Token
Launch
Token Allocation
- 20% went to the team, 7% to advisors, 50% to crowdfunding (11-3-2022).
Utility
- From Citadel One (11-3-2022):
"BTSG is the native token of the BitSong Network. It is used by the BitSong governance system to vote on blocks and improvement proposals. The amount of BTSGs staked as well as the duration of the validator’s staking term defines their voting power on improvement proposals. BitSong is a bech32 standard token and is used not only for staking but also for paying fees and for exchanges between artists and their fans, music providers, and investors."
Other Details
Stablecoin
Coin Distribution
Technology
- Whitepaper or docs can be found here.
- Code can be viewed here.
Implementations
- Built on: Cosmos SDK
- Programming language used:
Transaction Details
How it works
- From Citadel One (11-3-2022):
"BitSong is not just a streaming platform, it’s a decentralized system of services supporting an active community of artists, music providers, fans, and investors. The BitSong platform is positioned to become the trustless reference point within the digital music market. Built on a public blockchain, BitSong is usable from any smart device and places artists and listeners as the main protagonists, eliminating costly intermediaries and giving musicians a higher level of control over their music-based revenue."
Fees
Upgrades
Staking
- From Citadel One (11-3-2022):
"The amount of BTSGs staked as well as the duration of the validator’s staking term defines their voting power on improvement proposals."
Validator Stats
Liquidity Mining
Scaling
Interoperability
Other Details
Oracle Method
Privacy Method
Compliance
Their Other Projects
Roadmap
- Can be found [Insert link here].
Usage
Projects that use or built on it
Competition
Pros and Cons
Pros
Cons
Team, Funding and Partners
Team
- Full team can be found [here].
- Andrea Della Balda, CEO of BitSong, From Citadel One (11-3-2022): "is an experienced executive in the telecommunications sector with a track record of founding successful companies. He joined BitSong from San Marino Telecom SpA, which he co-founded in 2005 through his holding company Da Vinci SpA together with the well-known entrepreneur Simon Murray."
- Angelo Recca, BitSong Founder and CTO. From Citadel One (11-3-2022): "Full-Stack Developer, Blockchain Expert and promoter Entrepreneur through the launch of 3 other startups. In 2021 after three years Angelo left the role of BitSong CEO, to fill that of CTO to the fullest of his capacities and skills. He is a naturally gifted developer and wants to express his best value in writing code and accelerating the development stages of the ecosystem."
- Iulian Anghelin, BitSong Co-Founder & General Manager. From Citadel One (11-3-2022): "Entrepreneur, Blockchain Investor. Iulian has extensive experience in understanding the specific requirements of a business regarding the models through which it can generate capital that allows it to thrive in competitive environments. Iulian is also an advisor known for being very selective in the processes of admission of the various projects to his portfolio. Beyond that, in 2018 he raised more than $ 3 million through the ICO which he and his BitSong partners launched."
Funding
Partners
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