Citadel.One
Published in

Citadel.One

BitSong Overview

BitSong is a multifunctional blockchain-based ecosystem built to empower the music industry. It unites artists, fans, distributors in an environment where music, merchandise, and fan loyalty are assets of value.

BitSong’s decentralized ecosystem of services providers the global music community with a trustless marketplace for music streaming, Fan Tokens, and NFTs, powered by the BTSG token.

Project Development

BitSong was conceived in 2018 by the developer and entrepreneur Angelo Recca. Angelo realized that while the digitalization of music has brought many benefits to the industry, it’s also created a new set of problems around the ownership of music and attribution of royalties. He joined forces with Iulian Anghelin and BitSong was born.

The initial intention was for BitSong to become an Ethereum-based application where fans could stream music and artists could receive royalties directly. However, after discovering Cosmos and its ambition to become the “Internet of Blockchains,” Angelo and Iulian immediately recognized the full potential of becoming part of a multi-chain environment.

After launching the main BitSong blockchain in August 2020, the bitsong-2b mainnet went live on October 21, 2021. Featuring Fan Tokens, NFTs, and music streaming platform, all underpinned by secure, robust, battle-tested blockchain technology, the launch of BitSong marks a turning point in the ongoing development of the music industry.

BitSong Team

Andrea Della Balda, CEO of BitSong, is an experienced executive in the telecommunications sector with a track record of founding successful companies. He joined BitSong from San Marino Telecom SpA, which he co-founded in 2005 through his holding company Da Vinci SpA together with the well-known entrepreneur Simon Murray.

Angelo Recca, BitSong Founder and CTO. Full-Stack Developer, Blockchain Expert and promoter Entrepreneur through the launch of 3 other startups. In 2021 after three years Angelo left the role of BitSong CEO, to fill that of CTO to the fullest of his capacities and skills. He is a naturally gifted developer and wants to express his best value in writing code and accelerating the development stages of the ecosystem.

Iulian Anghelin, BitSong Co-Founder & General Manager. Entrepreneur, Blockchain Investor. Iulian has extensive experience in understanding the specific requirements of a business regarding the models through which it can generate capital that allows it to thrive in competitive environments. Iulian is also an advisor known for being very selective in the processes of admission of the various projects to his portfolio. Beyond that, in 2018 he raised more than $ 3 million through the ICO which he and his BitSong partners launched.

$BTSG

BTSG is the native token of the BitSong Network. It is used by the BitSong governance system to vote on blocks and improvement proposals. The amount of BTSGs staked as well as the duration of the validator’s staking term defines their voting power on improvement proposals.

BitSong is a bech32 standard token and is used not only for staking but also for paying fees and for exchanges between artists and their fans, music providers, and investors.

Token Distribution

BTSG is the ultimate currency for music, powering all the features of the BitSong ecosystems.

Artists, music industry participants, and fans can use BTSG to:

  • Buy, sell, and trade Fan Tokens
  • Buy, sell and trade NFTs
  • Swap BTSG for other cryptocurrencies on centralized and decentralized exchanges

About BitSong

BitSong is a distributed, open-source and permissionless music ecosystem built using blockchain technology. Its objective is to create a decentralized and trustless hub that advantageously interconnects the various market players of the music industry.

BitSong is not just a streaming platform, it’s a decentralized system of services supporting an active community of artists, music providers, fans, and investors. The BitSong platform is positioned to become the trustless reference point within the digital music market. Built on a public blockchain, BitSong is usable from any smart device and places artists and listeners as the main protagonists, eliminating costly intermediaries and giving musicians a higher level of control over their music-based revenue.

To learn more about the BitSong project visit their official website.

Medium | Twitter | Telegram | Discord | Community | GitHub | Reddit | Facebook | Whitepaper | Docs

If you have further questions, drop us a message to support@citadel.one. You can also join our chat in telegram, there is an active discussion of all current updates, as well as round-the-clock support from our managers.

About Citadel.one

Citadel.one is a non-custodial Proof-of-Stake platform for the management and storage of crypto assets. Users can create public addresses for all supported networks with one seed phrase, connect their Ledger or Trezor device, or import an address generated by another wallet.

The analytical dashboard provides relevant information on wallets’ balances and networks’ main metrics. In Citadel.one, we standardize the semantics, making interactions with the platform as easy as possible. The same goes for network metrics. By using universal terms, we are making it easier for users to understand and compare networks.

One of the main functions of the Citadel.one platform is participation in the PoS consensus — users can stake and delegate their assets, claim rewards, and follow the latest network proposals in the voting tab.

Citadel.one offers its users instant cryptocurrency exchange services that allow fast and secure crypto assets swap. It is also possible to buy and sell crypto with a credit or debit card. Citadel.one users can track rewards, withdrawals, transfers, and deposits across all supported networks and add comments to these transactions.

Among PoS platforms, Citadel.one supports BAND network ($BAND) Secret Network ($SCRT), Cosmos ($ATOM), ICON ($ICX), IOST ($IOST), KAVA ($KAVA), BSC ($BNB), Juno ($JUNO), Comdex ($CMDX) and Tezos ($XTZ). We also support Ethereum, Bitcoin, and Tether ($USDT) for our users’ convenience. Mobile and desktop versions, new networks, including Polkadot are scheduled for the upcoming updates. Furthermore, delving into the idea of true decentralization, we envision Citadel.one a decentralized autonomous organization and a genuinely community-owned platform in the nearest future.

Learn More About Citadel.one

📍Website📍Telegram📍Twitter📍Facebook

📍Reddit📍Instagram📍LinkedIn📍YouTube

📍GitHub📍Weibo

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Citadel.One

Citadel.One

Citadel is a multi-asset non-custodial platform for the management and storage of crypto assets