The leading music apps earned up to $20 billion in revenue in 2016. Thanks to fast & relatively inexpensive mobile data packages, streaming music has become an incredibly popular way to consume content.
The large market for streamed music if further added to be the audience for live music. One of the impacts of globalisation and streamlined transportation networks, is that it is easier than ever before for bands to travel around the world to perform and for fans to attend concerts.
While technology has made it easier for artists to reach their fan base, there are still “gatekeepers” which stand between performers and their audience. Major production and publishing companies evaluate and decide the majority of the music that people consume. This is arguably not always the music that people would most want to listen to.
One technology that is rapidly removing intermediaries in many industries is the blockchain. The blockchain enables producers & consumers to interact with one another without the need for “middlemen”.
While the impact of the blockchain is already being felt in the financial industry, it is still not really penetrated the music industry in any significant way.
Voxxo is a new music and entertainment ICO (Initial Coin Offering) which wants to change that.
What is Voxxo?
Voxxo is a completely decentralised music and entertainment ecosystem. It is made up of three components. These are:
VOXXO Mobile App: Through the mobile app users can listen to their favourite artists as well as bands that are currently streamed through other services. There will be monthly subscription for this service. Instead users will be able to pay for the amount of listening hours that they like. These can be paid using any of the popular cryptocurrencies or the platforms own VOXXO token.
VOXXO Live Concert Events Platform: People who hold VOXXO tokens can organise events and concerts via crowdfunding. If the event is successful then funds are returned to the backers following the event.
VOXO Licensing Platform: The VOXXO licensing platform will be used to help musicians get licence revenues through the VOXXO platform. Musicians can apply to the VOXXO music catalogue submitting their songs and albums. If they are then approved by the VOXXO community they will be able to earn revenues each time they are listened to. They will also be able to make agreements with major license holders like BMI and PRS as partners and then collect royalties as cryptocurrencies.
Overview of the VOXXO Token
The VOXXO token is a native token to the Voxxo ecosystem. It is a ERC20 token created on the Ethereum blockchain.
The primary use of the VOXXO token is as a means of exchange through this platform. One VOXXO token will be equivalent of one hour of streamed music on the platform. When VOXXO token is used to buy streaming hours on the VOXXO mobile app it is less expensive than using other forms of cryptocurrency.
VOXXO Token Sale
VOXXO Token will be distributed in a token. In total there will be 100 million VOXXO tokens distributed. You can read more about the VOXXO token sale by visiting: