Echo Underground LLC

Our goal is to establish a fair and equitable system driven by the creation of good music. We are enabling artists to create and distribute their music, empowering a community of music lovers to support their favorite artists, while eliminating financial risks to promoters and venue owners. UMC Token holders will have a unique opportunity to shape the future of the music industry.

A Revolutionary Echo System Created For Artists

Over the years, it has become increasingly difficult to succeed as a professional musician. Indie artists and aspiring musicians find themselves with more competition, less revenue from music sales, and a general lack of support to “make it”. We have recognized the need for an ecosystem to support the underground and indie music scene and have responded by creating EchoUG. EchoUG intends to revolutionize the music industry by leveraging the blockchain and a robust ecosystem to ensure artists, promoters, venue owners, and fans all benefit from a decentralized, secure and transparent approach to music management.

Our Echosystem

UMC’s ecosystem consists of a token with a purpose, cause and utility built on the blockchain and a user-friendly platform that brings together a community of artists, fans and vendors (e.g., promoters, eMarketer’s, venues, lawyers, etc.).

Our goal is to establish a fair and equitable system driven by the creation of good music. We are enabling artists to create and distribute their music, empowering a community of music lovers to support their favorite artists, while eliminating financial risks to promoters and venue owners. UMC Token holders will have a unique opportunity to shape the future of the music industry.

How UMC supports the artist community

UMC token purchases, trading and transactions will generate the resources EchoUG will use to support artists, promoters and venues.

EchoUG is a platform designed for music fans, artists, promoters and venues to come together and create a music scene driven by the music they love.

The UMC blockchain voting system enables fans to fairly help shape the music that makes it to their local stages. Based on voting, EchoUG will pay the talent expense for promoters and venues and in turn, promoters and venues will benefit from reduced event costs. In addition to the direct event funding, EchoUG will provide artist support services through grants.

Promoter and Venue Support

Promoters and venues play an integral role in building up artists and creating a vibrant music scene. EchoUG reduces the financial risk to promoters and venues by removing the expenses associated with funding artists for shows. Removing artist expenses will allow promoters and venues to host more events, lower ticket prices, and ultimately, these savings will be passed to music lovers.

Artist Development

EchoUG will provide artists development support services for the top-ranking artists from each genre including, videos, marketing, tours, music production, Tax and legal advice.

Content Management Platform

The EchoUG platform will also host subscription-based and transaction-based content feeds that will drive quality interactions between artists and fans. Artists will have the ability to host and sell music content and customize viewing/streaming parameters by their fans (ex: Donate 5 UMC tokens to unlock a song requested by the fan)..

UMC token purchase mechanics

​For every token purchase transaction, the purchaser will receive 95% of the tokens in their personal UMC wallet. Of the full purchase, 4% of the tokens will be donated to an Artist Foundation Wallet which will be used to support the broader artist community via token distributions and advisory services (e.g., marketing, legal, branding, advertising, etc.). The remaining 1% of tokens will be burned to help with long term market capitalization

UMC token sell mechanics

For every token sale transaction, the seller will receive 95% of the proceeds (Fiat) in their personal UMC wallet. Of the full sale transaction, 4% of the tokens will be donated to an Artist Foundation Wallet which will be used to support the broader artist community via token distributions and advisory services (e.g., marketing, legal, branding, advertising, etc.). The remaining 1% of tokens will be burned to help with long term market capitalization.