What Is Sounds (SOUND)?
Sounds (SOUND) is a utility token that is native to the Sounds Space platform, which aims to provide a comprehensive solution for music creators to produce, collaborate, and monetize their work. The SOUND token can be used to trade and purchase assets on the platform, such as software, beats, and sample packs. It also serves as a way for users to market and create revenue for their own projects through the platform's social timeline. In addition, the token can be used for trading on other exchange platforms. The distribution of the token is designed to support the growth and development of the platform, as well as incentivize users through various reward programs.
Who Are the Founders of Sounds?
The founders of Sounds are Serhat Gedik and Yigit Karagoz.
Serhat Gedik is the CEO and founder of Sounds Space and Diverse Beats, as well as the co-founder of the Hurrian Network. He is an entrepreneur in the music industry, international musician, and social media enthusiast.
Yigit Karagoz is the CTO and co-founder of Sounds Space. He is an experienced software engineer with a background in computer science and engineering. He has extensive experience in software development, web development, and systems administration.
What Makes Sounds Unique?
Sounds Space aims to differentiate itself from other music industry players by providing a comprehensive platform that caters to the needs of musicians and artists at all levels. The platform offers a range of tools, including VST plug-ins, sample packs, and beats sales, which can help creators take their music careers to the next level. Additionally, the platform has a social aspect that allows creators to connect with one another and share their work, as well as an NFT marketplace that provides an additional revenue stream for musicians.
One of the unique aspects of Sounds Space is its use of blockchain technology and the SOUND token, which allows creators to trade and purchase assets on exchanges and market and create revenue for their projects through the platform's social timeline. The platform also offers a rewards program and virtual cash system, which gives users cashback on purchases that can be used for future orders.
Another unique aspect of Sounds Space is the team behind it, who have extensive experience in the music industry and are committed to making music creation more accessible and empowering for musicians. They prioritize creative individuals' time and work to ensure that they receive results in return for their efforts. The platform also operates without algorithms, ensuring that all posts are seen by followers and targeted audiences, making it easier for creators to connect with their audience.
Tokenomics
Tokenomics refers to the economic and financial aspects of a blockchain-based system, including the creation, distribution, and management of its native tokens. In the case of Sounds (SOUND), the tokenomics are as follows:
Token name: SOUND
Total supply: 1 billion tokens
Initial allocation:
- 10% designated for airdrops (5% XUMM Trust lines, 5% staking)
- 12.5% for rewards program
- 15% for future development and growth
- 17.5% reserve funds (DAO)
- 20% for marketing and outreach
- 2.5% for project advisors
- 5% for legal
- 7.5% for team
- 10% for platform development
What purpose does Sounds (SOUND) serve?
The purpose of the Sounds (SOUND) token is to serve as the native currency within the Sounds Space platform. The token is designed to help creators take their music careers to the next level and build their own empires around it. It allows users to trade and purchase assets on exchanges, such as various products from the Sounds Space platform, and to market and create revenue for their own projects through SOUND on the social timeline. The token can also be used for trading on other exchange platforms. Overall, the token is intended to give creators more control and independence over their music projects and careers.
