RECORD Foundation

RECORD Foundation

Created using Figma
Created using Figma
The RECORD Project is attempting to re-create the economics of the music business in favor of the artist. By using the blockchain and the RECORD (RCD) token to measure and reward an artist for the use of their work, RECORD Foundation can be one of the first companies to succeed in removing the 16th Century system whereby an artist gives up most rights to a publisher and instead becomes their own publisher. Artists will be able to track where their music is being played and calculate the amount of usage and get paid.
Main Sale
Apr 30, 2018
Jun 30, 2018
100% completed
Raised funds - no Data
past
Pre-Sale
Apr 15, 2018
Apr 22, 2018
100% completed
Raised funds - no Data
past
Token Details
Accepted Currencies
ETH
Company Details
Registered Country
Singapore
Additional Details
MVP/Prototype
Yes
KYC
Yes
Categories
Platform, Media, Entertainment, Art, Business services, Internet, Communication

About RECORD Foundation

RecordFarm, a decentralized platform based on Ethereum, is a blockchain-based music platform that rewards content creators with RCD tokens relative to the amount of ‘likes’ or ‘voting’ the content has received. RecordFarm plans to build the world’s first reward-based music platform service for artists who have not only struggled to post and share music, but also to receive fair compensations for their work.

The reward system is in based on blockchain technology. Transparency is ensured, as all activity is recorded and made public on the blockchain, which cannot be hacked or altered. This nature of blockchain ensures that the artists’ works are recorded safely on RecordFarm’s platform. Compensation on RecordFarm is based on RCD tokens which are immune to exchange fees which plague non-cryptocurrencies internationally. Thus, no matter the number of countries served, we do not need to establish local currency conversion contracts which skim from total profits. Operating expenses are further reduced by the blockchain’s burden sharing system. By spreading the data from a decentralized server with cryptocurrency miners, costs of operating RecordFarm’s servers and resources are greatly reduced. All the savings from these harnessed innovations will be returned to our artists and listeners.

Another core feature in the RECORD Ecosystem is the roles listeners play. Traditionally, listeners acted exclusively as consumers by forking over cash whenever they downloaded music or subscribed to a streaming service, but in this newfound RECORD Ecosystem, listeners can also be compensated. Audio consumers often devote their time to curation activities, such as sharing and voting on music. This crowd behavior directly evaluates the competitiveness and value of the music content. We believe that this interaction between listener and content fundamentally encourages good music that the people want. For this elemental reason, we hold that it is only fair that we reward any listener who acts as a ‘Value Co-creator.’ In this sense, RecordFarm is not just any run-of-themill platform. It is the next generation music platform that emerged as a solution to the problems rampant in unfair profit distribution that characterizes the traditional music industry.

Honest and astounding rewards for creators and listeners - RECORD Foundation is on its path to build an unprecedented music platform.

RECORD Foundation Roadmap

  • 2015

  • Launched Recordfarm 1.0; Began first round of funding; Embedded social networking service.
  • 2016

  • Won the best Korea database prize; Awarded top 3 best music app in Asia by MWC Asia.
  • 2017

  • Selected by facebook as its startup partner; Recommended app at Google Play; Launch Recordfarm 1.4.
  • 2018

  • Whitepaper 1.0 release; establish record foundation in Singapore; Press Release; Launch Recordfarm 1.5; Whitepaper 1.5 release; Open ICO crowdsale; Establish Contracts with world-renowned coin exchanges; Expand team; Create record wallet 1.0; Establish record token algorithm.
  • Read More
  • 2019

  • RRS algorithm in machine learning; Global Partnership; Launch Recordfarm 20 BETA; Global marketing, PR and sales campaign; Extend blockchain technology to the real world; establish further contracts with world-renowned coin exchanges.

Activity

Activity:
57
LOW
Posts:
1 101
VERY HIGH
Views:
7 415
HIGH
Activity:
57
LOW
Merit:
0
VERY LOW
Posts:
1 101
VERY HIGH
Views:
7 415
HIGH
Users:
336
HIGH
Followers:
1 162
LOW
Tweets:
272
MEDIUM
30 Days Growth:
-163
Members:
1 935
LOW
30 Days Growth:
247
Alexa
Rank:
6 021 572
VERY LOW
Delta:
4 551 821
Year commits:
18
Watchers:
5
Stars:
4
Forks:
3
Open issues:
0

Team

Verified 10%

Attention. There is a risk that unverified members are not actually members of the team

PROJECT MANAGER
verified
Kh Choi
DEVELOPER
unverified
Alex An
AMBASSADOR FOR EUROPE
unverified
Geumbin Lee
AMBASSADOR FOR ASIA
unverified
AMBASSADOR FOR AMERICA
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

PROFESSOR OF KAIST
unverified
PROFESSOR OF KONKUK UNIVERSITY
unverified

RECORD Foundation Interviews

Moon Heo
As a team member, сan you tell us about your role in the ICO project? What do you think about idea?
Hi Team,
I am Moon Heo, the project manager of this project.
Could you change me to a verified member?
I am a full-time member here!

About others, same. Any specific rule for verification?

Last News

$ 0.0031
-0.49%
Coin Stats
Daily, %:
-0.49%
Weekly, %:
-15.26%
Monthly, %:
-32.59%
Market Info
Market Cap:
Volume 24h:
Circ. Supply:
0 RCD
Ticker:
RCD
N/A
5.0 20
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