SOMESING is a social music service that incorporates blockchain technology so that producers can get rewards for creative activities that everyone can enjoy their favorite songs and recreate the songs. Everyone who loves singing can sing all songs free of charge 24 hours a day, 365 days a year and can receive economic reward through gifts, supports, and events through the community about newly created song content. If you post your own song in SOMESING, a song wallet will automatically be formed, and Coins(SSX) will be accumulated in various ways including gifts, supports, and events in this song wallet. After a certain period of time, you will automatically distribute the coins that you have accumulated in your song wallet to the participants who have enjoyed this song and have contributed to it through smart contract.
Whitepaper: click here
The karaoke market is of course huge all over Asia, so this is a product to watch closely. The concept is quite simple, rewarding people through blockchain for getting involved. Looking forward to seeing how the Asian platform launch goes in Asia in Q2. Hard cap of 30M is a bit too high in this market!
The team is experienced and solid but lack of Linkedin profiles. Would be great too if the team had their LinkedIn profiles all set up especially for the management team so one can see any relevant experiences or past success stories.
Social Activity: 3.5
Team need to get more people on social media to get best out of the product.