IntroducingTrex Token will be the new point of reference for the music market and will be fully developed using the technologies that the blockchain has available. Using the blockchain affords Trex Token with the means to be decentralized and be more community – based compared to its competitors. Currently viewing a music video is via YouTube, listening and streaming is via Spotify, marketing is on iTunes or Beatport and advertising is on social media. Trex aims to solve this problem once and for all.
Music PlatformTechnically, it has still not generated profits but Spotify, founded in Sweden, is one of the world's most popular music streaming applications with over 159 million active users as of December 2017. Spotify evolved from the idea of combating music piracy.
Founders Daniel Ek and Martin Lorentzon developed the idea and started the company in 2006. Its business model was welcomed by the music industry which has suffered losses in revenues and album sales due to music piracy over the Internet. Spotify allows users to either stream music for free if they are willing to listen to advertisements, or pay a subscription fee for a premium service, meanwhile paying royalties due to artists and record companies.
The company shareholders listed $1 billion of shares without an underwriter on February 28, 2018. Though unusual, the company had a stellar opening day, the stock price soaring nearly 26% to $165.90 at open. It is now listed under the ticker SPOT on the New York Stock Exchange.
In its first earnings report for Q1 2018, Spotify reported that it had 170 million daily active users and revenue of $1.36 billion. Shares fell about 5% in after hours trading following the announcement on May 2, 2018.
Spotify works a bit differently from many of these other online music services and it employs several methods to smoothly deliver music to users with no delays or latency. Spotify stores all of its music on its own servers, but individual users keep temporary copies of recently played tracks on their computers in a file called a cache. If you want to re-play a song, it is not re-downloaded but played locally from that file. Spotify also uses social networking and searches for nearby users running Spotify to see if their caches contain the song being requested and enables those other computers to serve you the music. This way, the main servers are never overloaded and music can be played 24/7 uninterrupted.
Looking at the development of Spotify, Trex Token is challenged to be a platform that will handle all transactions in music sales online. Yes, Trex Tokens will be the new point of reference for the music market and will be fully developed using the technologies that the blockchain has available.
Trex Token will be able to receive payments safely and quickly, thus eliminating the annoying problems and slowness of the fiat currencies. So that users can buy music safely and quickly.
TrexToken FeaturesPurchase for download
Users can buy songs safely and quickly using Trex Tokens.
100% transparent
Blockchain technology makes the Trex Token platform run transparently and safely.
Royalty Payouts
Artists can get revenues from advertising generated by their piece of music and by reselling their own songs.
Token SalesSmart Contract:
0x4b44f450bc3bFB60DC1a0690cBA028e1193CaE4f
Symbol:
TXT
Decimal:
8
Max supply:
10,000,000,000
Accepted payment:
ETH
Token Link:
etherscan:https://etherscan.io/address/0x4b44f450bc3bFB60DC1a0690cBA028e1193CaE4f
Term of token sale:
30 days with the possibility of an automatic early completion in pursuing the final goals of ICO
Commitments:
- All unsold and unallocated tokens will bе destroyed and additional release оf tokens will not be possible
- CEO & Dev wallets will be lock 1 year.
- Advisors wallets will be lock 3 months.
Website: https://www.trextokens.com/
Whitepaper: https://www.trextokens.com/assets/Whitepaper.pdf
Facebook: https://www.facebook.com/Trextoken-737015539986460/
Telegram: https://t.me/joinchat/Jzd0zkklEGSgF-lxyhmGZg
Twitter: https://twitter.com/TxtTrex
Bitcointalk Username : Thymoty
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1072412
0x3c78980c2FB620F151156591fbeFFe3BA41FDd00
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