The ICO of K-Tune, a collaborative platform for musicians and producers, will be launched soon on Eidoo.
The platform will be global, dedicated to all music producers in the world, but with a particular focus on K-Pop, the dominant music genre in South Korea.
K-Tune will allow musicians and producers from all over the world to collaborate and express themselves without restriction, allowing anyone to become a K-Pop producer, for example.
The idea is to bring together musical talents and produce music, also thanks to the so-called K-Tune Masters, which are actual producers and former professionals affiliated with K-Tune who will assist users in their music production process.
Platform users will be able to share their work with the Masters and ask for advice or collaboration on the music, lyrics, choirs, mixing, etc.
The platform will also have an open market where all users can sell their works: it will be called K-Arena and will allow selling not only songs but also individual tracks, such as melodies, arrangements, lyrics and so on.
When purchasing content from another user, users will be able to utilise it as they wish to complete their own pieces. In addition, users will be free to set their own prices and control license fees.
In addition to K-Arena, there will also be K-Camp, which is a section where users can search for partners to collaborate with, and with whom to share any income from the sale of songs made together.
The whitepaper mentions that K-Tune wants to become a platform where professional and amateur musicians can meet and work together to write and produce popular songs for the market.
The token used within the platform will be KTT, which will be used as a means of payment to use the K-Tune services. Users will be able to buy KTT directly on the platform, or through exchanges.
The initiative is designed for all artists who wish to use their talents to produce content and trade it with other artists, with the objective of bringing their work to the market and earning money, especially in the growing K-Pop market.
Among the Masters, there are professional trackmakers, songwriters and sound engineers who have considerable experience in the production of K-Pop songs, including EXO, TWICE, IZ*ONE, GOT7 and Beast.
The platform also provides a fair and transparent distribution of royalties, something that today is hardly guaranteed in the industry. K-Tune’s copyright monitoring system is based on blockchain technology and allows full real-time monitoring of all activities on the platform. This feature also eliminates possible disputes between artists and distributes copyrights in a fair and simple way.
The roadmap foresees the launch of an ICO but the date hasn’t been revealed yet. However, the platform will already be launched in August 2019, before the ICO, in order to achieve greater market penetration.
In November the KTT token should be listed on various exchanges, while in February of next year the first K-Tune test for the X-Pop should be launched in Ho Chi Minh, thanks to a collaboration with KCI Group.