STAYGE — A Blockchain Platform for the Entertainment Industry
1. What is STAYGE ?
STAYGE Network is a blockchain-based Artist-Fanecosystem that STAYGE One will co-create with all artists ,fans ,and business partners in the entertainment industry.
STAYGE ONE will address some basic issues in the conventional entertainment market, from the absence of reward ecosystem for fans, fragmented services throughout the sector, absence of sustainable fan advertising tools, and efficient means to raise funds for artists.
STAYGE One’s mission is to create a sustainable platform where everyone, including motivated fans, artists, and a variety of stakeholders in the entertainment industry, to grow and benefit more equitably.
To this end, we are tokenizing the fandom that is the true foundation of the entertainment industry. Fandom’s influence was intangible in previous ecosystems but will have tangible value through STAYGE Network. Tokenized fandom will be a driving force for the ecosystem and market expansion.
2. Usage — Key features
- Fair Rewards Ecosystem for Fans’ participation: In STAYGE ONE Network. The entire fan activities are recorded in the block-chain. Value making activities will be reward through virtual currencies.
- Interconnection of Services through crypto money: Fans’ participation can be recognized via exact figures in the communities. Artists can simply recognize and use the scale of fandom, fans’ faithfulness and information in their activities.
- Development of Production Environment/ Virtual utilization: Enhanced utilization of information → reduce in risk → rational decisions backed by information allows more sophisticated crowd funding
- Improvement of Production Environment : increasing data utilization means a reduction in risk.
- The Stayge Network economic model will comprise of two cryptocurrencies, the Stayge (STG) and Activity Token (ACT). The STG will play the role of establishing connectivity among the communities and will become the base currency for the decision-making process within the Stayge network.
3. STAYGE token
STAYGE Network economic system is composed of two types of cryptocurrency, STAYGE Coin(STG) and Activity Token(ACT).
Members of communities can participate in the decision making processes of STAYGE Network, the sponsoring of projects, and the purchasing of goods and payment of artists’ guarantees, etc. with STG
ACT is issued by each community, and it is a means of transaction and rewards which are given according to one’s contribution. ACT rewards can include decision making in the community, the purchase of products or tickets, and digital contents consumption.
Converting between STG and ACT is possible once the artist has joined the community. When an artist officially participates in a community, the community’s ACT can be converted to STG through the conversion service provided by STAYGE Network.
4. Partner & Team
Partner : STAYGE Network is open to a variety of partners who will utilize the fandom ecosystem to co-create a sustainable ecosystem :
- ICX ( ICON) : STAYGE is a project based on the ICON platform and cooperates with ICON for the technical and marketing support.
2. Nomad Connection to develop the stable blockchain based service.
3. AD4th’s blockchain project, for the advertising business within the STAYGE platform.
4. Deblock : STAYGE is the first portfolio project of Deblock.
5. DSP Media : STAYGE will continue to expand the scope of business cooperation with DSP Media in the future.
6. More : Penta, Emong Game, POSTECH Angel Club, …
Team
Strong team with
- Co-Founder & CEO : Michael Baeg, has invested in and a business development of startup companies in the United States and Korea through his career in a venture capital firm, Formation 8 Partners. Michael Baeg has an extensive knowledge and network of both IT and entertainment industry through his experience in gaming and media company.Michael is a well-connected person who has a wide range of experience at IT & startup industry over than 15 years as a software engineer, entrepreneur, and investor.
- CTO : Steve Cho, has 10+ years-experiences with development and operation of customer & order management system for KT with more than 20 million subscribers. Steve was a software engineer at Oullim Information Technology, a network security company in South Korea providing full featured firewall/VPN products, for 3 years with contributions to adding functionalities of firewall engine such as kernel-level state synchronization via a multicast-based custom protocol between multiple firewalls, self-organizing load balancing without L4 switch.
- Co-Founder & CDBO : NASSUN, is a producer that has worked with famous female singer (Lee hyo-ri, Hyuna) and Hanryu girl and boygroup(KARA, Verygood, ACE, uptension).
- Dev : Many years experience, good team.
5. Token sale
Participants in the token sale can contribute to STAYGE Network at an early stage and receive STG. STG does not represent a stake in STAYGE Labs Inc. or STAYGE One Foundation.
Token Name : STAYGE (STG)
Total Issuance : 10,000,000,000 units
Token Sale Quantity : 5,000,000,000 units
Accepted Cryptocurrencies : ICX Only
Token Price : 1 STG = 0.0025 ICX, 1 ICX = 400 STG
Pre-sale To be announced
Benefits : Additional 15–30% of the purchased STG
- Website : www.stayge.io
- Whitepaper : http://www.stayge.io/whitepaper/STAYGE_Whitepaper_en.pdf
- Telegram: t.me/stg_en
Author
Bitcointalk : wetask.com
ICON Wallet : hxef4fe83830ff00201b55c141aa7b1c11757781be
