Potentiam is a decentralized network working to enhance the social music network. If we talk of the present situation, there have been a lot of changes in the music industry and it is no longer what it was a few years back.
The potentiam platform connects the individuals with the music industry by making use of crypto technology. This helps in reinforcing and encouraging interaction between the individuals with like minds. Also gives an opportunity to the creative people to work on their creativity.
That is not all. The platform also uses a different interface with the help of which rewards are given off to the musicians.
The Problem with the Music Industry
The different struggle that the music industry is facing today includes the following.
First of all, the capital input is too low. Nobody uses records anymore and neither there is a need for albums today. This has eventually made things tough for the music industry.
Second call for the exposure. The skilled musicians are in need of exposure and they don't get the opportunity they look for. Getting exposure in the music world is very difficult as of the current situation.
The third is revenue which is also gobbled up by the sales and record companies. This eventually closes the ways to a lot of opportunities that could've been there in the music industry.
Features of Potentiam
The above problems have led down a lot of musicians and have snatched opportunities from them as well. Potentiam seems to know it all and this is why it offers the best possible solution to help anyone belonging to the music world whatever they desire.
Finest Opportunity for Musicians: Potentiam is more like a social network for those individuals who are working on their luck in the music zone.
Incentives: The rewarding system ensures giving awards to all the participants who contribute to the platform and serve the quality music.
Crowdfunding: This is one of the brightest chances for the musicians to earn money. They can raise a lot of money by putting up details about their projects. Additionally, it also brings them options to connect with the interested artists.
Advertising: With the platform, it becomes quite easy to make interactions with the advertisers who are looking forward to making an investment in you. This benefits both the parties that are involved and helps in working out on an efficient deal.
The Token Sale
Potentiam is soon going to launch its very own token sale that will help in raising quite a lot of funds for the project.
The token sale will use over a 100 million tokens. The platform will use PTM Tokens to go ahead with the transactions during the token sale.
The token distribution will be as follows
60 Million – Crowdsale
1 Million – Reserves
3 Million – Bounties
6 Million – Reserves
5 Million – Research
25 Million – Team
One ETH will be equivalent to 960 PTM. The unused tokens will be used accordingly.
Token Details are as follows:
TOTAL MINTED PTM 100,000,000
Total tokens for public crowdsale: 60,000,000 PTM
Team tokens: 25,000,000
Lockup — All team tokens are locked with an emission rate of 5% per month. (Starting 1 month after ICO close). 1,250,000 team PTM will be released each month. Total vesting period for full release will be 20 months.
1 ETH = 4000 PTM
PRESALE Hardcap = 5000 ETH
Total Hardcap 15,000 ETH
ALL UNSOLD TOKENS WILL BE BURNED (This will happen in the case of not meeting our cap or in the case of Eth value increasing to the point where the hardcap cap is met quicker)
Presale Week 1 = 20% (Capped at 3000 Ether)
Presale Week 2 = 18% (Capped at 5000 Ether)
Main-sale Week 1 = 12% (Capped at 9000 Ether)
Main Sale Week 2 = 8% (Capped at 12000 Ether)
Main Sale Week 3 = 4% (Capped at 14000 Ether)
Main Sale Week 4 = 0% (Capped at 15000 Ether)
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time...
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.