Macaulay Culkin: beatbind Ecosystem for Music Events

beatbind Ecosystem for Music Events

Abstract

BeatBind aims to become the long-awaited platform for music event organization, with BBND being the cryptocurrency token used for all its transactions.

The current state of the music events industry is highly fragmented, everyone's individual networks limiting their reach. The Internet proved that's not how the world needs to operate - as other industries move toward open digital solutions, the music event industry is lagging heavily behind. Scalping and ticket forgery steal value from organizers, and a lack of data mining and collection in the industry makes revenue predictions inaccurate, which in turn makes events risky ventures - hurting artists, venues, and fans equally

BeatBind will aim to solve these problems one by one through the development of its Platform and wider ecosystem. The key idea is to allow all participants in the event organization ecosystem to efficiently connect and interact. We will capitalize on the high demand for the best artists, organizers, and venues and raise their rates significantly using various auction models. BeatBind will give rising artists more opportunities both locally and globally. Furthermore, fans will be able to directly purchase tickets from organizers of all events created on BeatBind, preventing fraud, forgery, and ticket scalping. A new free market like this will encompass creation of the events of every kind, from concerts and festivals to exclusive private parties. As the Platform scales, barriers of entry will be lowered significantly for all parties. And finally, BBND as the official token will capture a good part of that new value, which will be created for the first time in the world on BeatBind.

BeatBind Platform

BeatBind is the industry's long overdue platform for music event organization. We’re developing a multi-stage business, each level standing on top of the other, to tackle each of the industry's 4 prevailing issues:

1. BeatBidder - A platform for connecting venues, DJs, artists, and all other parties involved in the music event organization process. We connect DJs, artists, venue owners, and everybody else involved in the music event organization process in order to provide the best opportunities for all. Leveraging auction systems, we strive to both increase revenue for the most in-demand DJs and venues, while the sheer size of the market cuts costs and lowers entry barriers for virtually everyone who takes part in creating music events. BeatBind also counts promotions, sponsorships and event organization outsourcing among the services that can eventually be exchanged on the platform.

2. BeatBuy - Ticketing will be a default feature of any event created on BeatBind, which will directly be sold and offered to our fanbase, massively decreasing entry barriers. This prevents ticket scalping, forgery, and the rise secondary markets that steal $8 billion annually from the creators of events. BeatBuy will eliminate this problem and bring that money back to the pockets of artists, organizers, and all businesses that actually create the experiences..

3. BeatX - App giving fans the impact they need to shape the even they're attending, and event-oriented experiences like dating. Fans will have access to newsfeeds and will be engaged in multiple ways to help the organizers better shape the very events that those same fans are attending. In order to ensure the integrity of all transactions and to protect all parties, we plan to introduce a rigorous escrow protocol for refunding money in case of failed transactions and handling disputes..

4. BeatAI - Providing revenue projections and other heuristics that helps all platform users to decide whom to hire, where to perform, etc. Our platform will use machine learning to produce revenue estimations to help you justify decisions in any part of the music event organization process. This will greatly reduce risk and spur even more growth. We believe this is just the step the industry needs to take to step out of the dark caused by the lack of data, and make better decisions.

Use Of Proceeds

TOKEN

The utility token of the BeatBind ecosystem. The ultimate vision of BBND is to be a universal medium of exchange for the music events industry. Ethereum blockchain provides all the privacy, security and decentralization that such a token deserves. BBND will be traded on public exchanges, but BeatBind platform users are protected from the price volatility during everyday use. The full list of BBND use cases is described in the whitepaper.

Pre IEO - Start - Jan 15, 2021

Pre-Sale Discount - 40% to the IEO launch price of 0.05 USD

Pre IEO - End - March 15, 2021

Pre - IEO Price - 0.03 USD

Available Supply - 1 Billion BBND utility tokens

Acceptable currencies - ETH, BTC, LTC, USDT, BSV

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