BitSong ICO (BTSG)
Blockchain based music streaming platform
Start Date
14 May, 2018
End Date
10 Nov, 2018
BitSong Score Analysis
Bitsong is creating a decentralized music streaming platform - a thriving field, as discussed in the whitepaper, but specific competitors were not discussed thoroughly. The CEO is experienced, but the development team is lacking experience - the CTO has never been a CTO, and there is no development team. There is also no music industry expert on the team. There is no product currently, but an alpha is scheduled to be released early 2019 - however, the github appears unused. The marketing director is experienced, and marketing efforts have been good, with average response from the crypto community. Other red flags included the hard cap being over 8 times the soft cap, and a total lack of discussion of regulation. Lastly, some of the posted ratings onsite were inaccurate.
BitSong Use of Token
BTSG is Bitsong's native token. BTSG is an Ethereum based ERC20 token. 500 million BTSG tokens will be offered for sale via the ICO. BTSG tokens will be used to pay musicians for their produced music, and to pay users for listening to music via Bitsong's platform.
Organization
BitSong Group LTD
Platform
Ethereum
Coin type
App Token
Category
Entertainment
Soft cap
3,000,000
Max cap
25,000,000
Max supply
1,000,000,000 BTSG
Price
0.062
BitSong Token Sale Stages
- Stage
- Start date
- End date
- Amount of Tokens
- Price
- Discount
- Pre-ICO week 1
- 14 May, 2019
- 20 May, 2019
- 20,000,000 BTSG
- 0.044
- 40
- Claim
- Pre-ICO week 2
- 21 May, 2019
- 27 May, 2019
- 15,000,000 BTSG
- 0.048
- 30
- Claim
- Pre-ICO week 3
- 28 May, 2019
- 10 June, 2019
- 10,000,000 BTSG
- 0.052
- 20
- Claim
- Pre-ICO week 4
- 11 June, 2019
- 02 July, 2019
- 5,000,000 BTSG
- 0.056
- 10
- Claim
- ICO
- 10 August, 2019
- 10 November, 2019
- 473,782,070 BTSG
- 0.062
- Claim
BitSong Distribution
BitSong Use of Proceeds
BitSong Team Members
BitSong Past Events
- 31 January, 2019
Launch of the BitSong.io website
- 31 January, 2019
BitSong token (BTSG) airdrop through Telegram
- 10 May, 2019
The first official headquarter in Malta was born!
- 14 May, 2019
20,000,000 tokens will be on pre-sale to determine the price of the ICO with a 40% bonus.
- 21 May, 2019
15,000,000 tokens will be on pre-sale to determine the price of the ICO with a 30% bonus.
- 28 May, 2019
10,000,000 tokens will be on pre-sale to determine the price of the ICO with a 20% bonus.
- 11 June, 2019
5,000,000 tokens will be on pre-sale to determine the price of the ICO with a 10% bonus.
- 10 August, 2019
47% of the tokens will be distribuited to solve the capital issue.
- 31 December, 2019
Opening of the first office in Malta, recruitment of other personnel necessary for the development of the project
- 30 June, 2019
Opening of 2 locations in Europe, launch of the Alpha version of the BitSong platform (including mobile app)
- 31 December, 2019
New partnerships in the international arena and the start of the contest dedicated to the artists. New platform features including TV support, artist statistics, users and advertisers.Stabilization of the platform, new features and start of the creation of our blockchain.
- 31 December, 2019
The whole year will be dedicated to the creation and stabilization of the blockchain, including the support related to the licenses. Partnership with new car manufacturers and TV stations.