LabelsCoin ICO Review

4 min readNov 3, 2018

Website

Whitepaper

What is labels coin ?

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.

Labels Coin Vision

The Vision of Creation of LabelsCoin and future business models and strategies consists of three components:

Digital currency;
the System of music recognition on the Internet;
the Granting of a royalty in real-time for stakeholders to music.

The main goal of the platform is to create a reliable and musical global network that will be safe and transparent through the use of blockchain. LabelsCoin allows its users not to worry about their data and developments, because the system provides transparency of copyright and related royalty exchange — taking into account fair and transparent remuneration to music creators.

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

Technical Info

REAL TIME SETTLEMENT OF ROYALTIES BASED ON USAGE

FLEXIBILITY OF CONTRACT CHARACTERISTICS

SECURE SINCE A COPYRIGHT CONTRACT CANNOT BE ALTERED

GLOBALLY AVAILABLE

Details about ICO

The LBSC Token is a tool for the entire platform workflow. It can be used to reward stakeholders in the LabelsCoin ecosystem. Of course, its role is not limited to reward, but it can also be used to buy and sell any product or service, while saving money, like any technical currency. any other number on the market.

Token symbol — LBSC
The cost of the token: 1 LBSC = 0.0001515 BTC
Pre-sales will take place from September 7 to October 7, 2018.
Soft cap 5500000 LBSC
Exchange rate: BTC 0.10605 = 1000 LBSC
Pre-sale bonus: 30%
Total Available — 10,000,000 LBSC
Tokens available: 20,000,000 LBSC
The accepted currency is MTC, ETS

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.

MAIN SALE FUNDS RAISED WILL BE USED AS FOLLOWS

We care of you. We are well-aware that such innovative technology, needs of energy and financial ressources to implement it into the market. Every aspect whether it is in R&D or in marketing is studied carefully to reach our common goal.