Labels Coin ICO Project Information

5 min readOct 28, 2018

Whitepaper: https://www.labelscoin.io/LABELSCOIN_WH_v0.5.pdf

What Is LabelsCoin

LabelsCoin blockchain is built on top of a copyright matching engine that will verify the status of a music against it license model, infringement, plagiarisms, redistribution rights and means.

A universal Coin: the LABELSCOIN, LBSC is the fuels that will power all services that LABELS blockchain provides. We are already in talks with Copyright Collection Societies, Artists, Labels, physical and digital venues to make LBSC the preferred Coin for their upcoming music services, as they migrate to decentralized platforms. We envision LBSC will be used by the upcoming Music industry for various purposes including payment to authors, automatic audience monitoring etc.

LabelsCoin Establishment’s vision and future business model and strategy are made up of three components: a digital currency, an online music recognition system providing real time royalties to music stakeholders and (iii) a patented industrial device.

The end goal: LabelsCoin is building a solid, global music utility — an advanced blockchain the entire Music industry will use to create advantage, where all stakeholders can participate in a transparent and fair way.

Features

Pay for what you use
Plan ahead your usage
Know where your payment goes
Integrate with external tools such as automatic speech recognition
Create new copyrighted songs
Owner management Royalty redistribution under control
Analytics about your song
Fair payment policy across all channels
Handle litigation and verify compliance
View statistics
Transparently collect fees directly and at minimum cost

Lablescoin Platform:

LabelsCoin is a copyright exchange platform based on blockchain technology with a related set of services. Together LabelsCoin facilitate the transparency of copyright and related exchange royalties — subject to fair and transparent compensation to creators of music.

LabelsCoin blockchain is built on the basis of the mechanism of compatibility with the copyright notice, which checks the status of music, the license model, infringement, plagiarism, rights and remedies of redistribution.

The concept of LabelsCoin Establishment, a future business model and strategy, consists of three components: 1) digital currency, 2) music recognition systems on the Internet and 3) providing real-time royalties to music stakeholders.

The LabelsCoin blockchain is built on top of a copyright matching mechanism that will check the status of the licensing model, infringement, plagiarism, rights, and distribution tools. Universal medals: LABELSCOIN, LBSC is the fuel that will power all the services the label blockchain provides. LBSC will be used by the upcoming music industry for a variety of purposes, including payment to authors, automatic audience monitoring, etc.

Destination label

Objectives LabelsCoin builds a solid global music utility, which is an advanced block chain used throughout the music industry to create benefits that all stakeholders can participate in a transparent and fair manner.

LABELSCOIN wallet

LABELSCOIN allows the transfer of tokens through the LABELSCOIN wallet. Users on each platform can choose different block chain assets as payment sources in LABELSCOIN wallet. In addition, Bitcoin (BTC), the various types of blocks chain assets such as Ethereum (ETH), you can easily easily converted to those from one another by using the LABELSCOIN Wallet personal. LABELSCOIN application, simple management of loyalty portfolio, simple transfer of funds between the people, and to facilitate the storage of many other features.

LABELSCOIN Wallet plays a central role in the LABELSCOIN ecosystem. It is, as well as solutions for pay music royalties, and function as a refrigerator 3 for the user to allow the deposit and exchange of encryption. In addition, Wallet is connected to the major cryptographic exchanges.

Token

We believe the community plays an important role in becoming a global crypto trading platform and investment. Therefore, in comparison with the traditional business funds to limit the investment to minority ethnic elite, through the funding of this form, I want to be community can participate in the future growth

Universal Coin: LABELSCOIN, LBSC is a fuel that enhances all services provided by the LABELS block chain. LBSC is talking with copyright, artists, labels, physical and digital community collections, making LBSC, a transition to a distributed platform, a priority coin for future music services. It is imagined that LBSC will be used for a variety of purposes in future music industry, such as paying for authors, monitoring automatic audiences. To protect our contributors, we acquired patents for industrial equipment. This device is in production phase and will be available on the market in 2019.

Token Information:

DISTRIBUTION OF TOKENS

Our The majority of the tokens will be offered during the pre-sale and the main sale. The remaining tokens will be distributed among advisors, the team and bounties. The following graphic shows the planed distribution of the tokens.