Cryptocurrency is the most financial-related topic, and has become a regular subject of debate. Digital money is progressively gaining recognition as an alternative payment method to fiat currency on worldwide marketplaces. Cryptocurrency is, for the unversed, a form of electronic funds handled via blockchain technology.
Imagine you are trying to buy tickets to a sold-out show. Your only option is to buy on the secondary market. You bought the ticket for three times the face value and there are no guarantees the ticket you bought is actually a valid ticket. It’s now the night of the show and you get to the door, and your ticket doesn’t scan. This type of fraud (ticket scams) is the worst feeling for any music fan. You cannot get into the show, and even worse, you cannot get your money back from the scammer because they have disappeared. How does the music industry combat fraud at this point? The answer may actually come in the form of blockchain ticketing.
Can blockchain technology help fix music sales?
The music industry is now broken to a great extent, and it is worse than it was at least ten years ago. The sale of music CDs has been down from approximately 84% in the last decade. However, the streamlining numbers have been increased. Still, the digital sale of the music is also down, and the revenue which the music industry is making from the streamlining is not enough for supporting most of the singer. The thing is that the companies really hate streaming services, and the streaming service is hating file sharing.
Bitcoin is a digitalized currency and speculative virtual asset at the very same time. The cryptocurrency has attained a gigantic user base in just a nominal time; the acceptability of bitcoin is spreading like a forest fire. Every multinational company and celebrity is getting involved in the scenario of investing and adopting bitcoin as a payment method. The Tech field, health care industry, and sports industry have blazed the trail of accepting bitcoin and other altcoins at the very same time.
The fact might stun you that the music industry has correspondingly begun to adopt bitcoin. There are ample music artists who started adopting, investing, and accepting bitcoin as a payment method for live shows. You can check out websites like Crypto exchange market for getting maximized results in your bitcoin journey.
On Tuesday, April 13th 6AM Group will launch the first-ever cryptocurrency for the House + Techno community, the $RAVE coin!
As an experiential and digital media platform covering all facets of underground electronic music culture, resource, technology, and lifestyle, it was only time before 6AM Group entered the world of cryptocurrency.
That time has come, and we do so by launching $RAVE, the first-ever cryptocurrency for the House + Techno community.
At 6AM we are all about the decentralized concept of cryptocurrency, and the time is now right to connect the technologically advanced worlds of House + Techno with that of crypto. With the $RAVE cryptocurrency we aim to build a community that provides for the community, is controlled by the community, and is supported by us, 6AM Group. The $RAVE coin allows you, our supporters, followers and community members, to be a part of the economy and eco-system of 6AM Group alongside us.
We are the first to launch a cryptocurrency in the international House + Techno scene. There are no fees or dues for you. As a fan and $RAVE cryptocurrency holder, you are a part of the community and will be earning rewards for participating. Best yet, you don’t really need to know much or even anything about crypto to participate, and it takes just seconds to buy $RAVE coins.
The $RAVE coin will launch on Tuesday, April 13th at 10am on the Rally Network, giving you the opportunity to be a part of the 6AM eco-system. Once we launch, we will be announcing exclusive perks and rewards for $RAVE coin holders that hold a soon-to-be-announced minimum number of coins in their account, which will include first access to premiered tracks and new mixes before the general public, first dibs and discounts on all new merch on Shop by 6AM as well as exclusive merch available only for holders of the $RAVE coin. They will also have access to special channels on the 6AM Discord server where we will regularly host AMA-type conversations, and where we will announce all the perks and exclusive content available only for $RAVE coin holders.
Further, once our events are back, $RAVE holders (or HODLers) who hold a soon-to-be-announced number of $RAVE coins will have pre-sale access to tickets ahead of the general public.
If you ever decide you do not want to be a part of the $RAVE community any more, all you would have to do is cash out your $RAVE coins.
The $RAVE coin is launching on the Rally network, a community-driven platform that is pioneering a next-generation virtual economy that empowered creators to engage with their fans through cryptocurrency.
As we launch, we will be gifting $RAVE coins to our most loyal supporters, those who have stuck with us through thick and thin, supporting 6AM Group through our events, the Shop or media-driven efforts. We will also be launching special giveaways, gifting free $RAVE coins as a reward to our community.
We aim for the community to embrace the $RAVE coin as they have embraced our presence in the House + Techno world, while in the meantime we will continue to find and add opportunities for supporters to transact with the $RAVE coin, with the good of the community always top of mind.
We realize that a lot of people are new to the world of cryptocurrency, but it is an exciting new world that we are confident many more people will embrace in the months and years to come.
The $RAVE coin launch is at 10am PST on Tuesday, April 13th on www.rally.io.
We strongly recommend that you set-up a Rally account before the launch so that you can take advantage of cheapest launch price right at 10am.
Join the 6AM Discord server by clicking here.
You will see many channels open to anyone who simply joins the server, but following the launch of the $RAVE coin those who hold the coin will automatically be added to new, exclusive channels where they will see and be able to take advantage of the benefits and perks of being a $RAVE coin holder, as well as new announcements on these benefits as we roll them out.
What is Rally?
Rally is building a Creator Coin network with community-first: economics, ownership and governance. https://wiki.rally.io/rally-io/#what-is-rally
What are Creator Coins?
Creator Coins (like $RAVE) are currencies that align incentive between fans and Creators. Creators have new and more efficient monetization while fans concurrently benefit as Creators grow in popularity. This makes for an exciting and vibrant community. More info: https://wiki.rally.io/rally-io/creator-tools/what-are-creator-coins
Why are you launching the $RAVE Coin?
At 6AM Group we believe in crypto’s ability to improve upon societal and operational inefficiencies. When you buy a 6AM shirt or tickets, platforms siphon your money on its way to us (3%-50%) versus Rally’s 0% rev split. This massive savings lets us provide even better experiences to our deserving community.
Further, with the $RAVE Coin we are able to create a stronger community where community members have an active voice and help mantain and create the ecosystem we are a part of. Read more: https://wiki.rally.io/rally-io/creator-tools/what-are-creator-coins/what-does-rally-do-for-creators
What can I do with $RAVE Coin?
Tier 1 (Raver)
Anyone who holds at least 10 $RAVE coins will automatically classify as a 6AM Raver and will have exclusive access to private 6AM Discord server channels. Tier 1 $RAVE coin holders will have full access of their rewards and benefits via these channels, including first access to 6AM mixes and premieres before the public, download access to all 6AM mixes and first access to all Shop by 6AM apparel and merch drops before the general public, and more perks to be announced.
Tier 2 (Supporter)
Anyone who holds at least 20 $RAVE coins will automatically classify as a 6AM Supporter,Ā and will have exclusive first access to all 6AM event tickets (except for certain collaborating events, such as COMPOUND) before the general public, as well as access to exclusive and extremely limited merch only available to Tier 2 $RAVE holders.
Further perks and rewards will be announced in the coming months.
Why should I own and keep $RAVE Coin?
As we grow, Community Activity Rewards are awarded to all $RAVE Coin holders. This means that owning $RAVE not only gives access to our offering but can also reward you in $RLY directly. More info here: https://wiki.rally.io/rally-io/creator-coin/community-contribution
Can I sell my $RAVE Coin?
Your eligible $RAVE coins can be swapped into $RLY and then other Creator Coins at any time – for free. Conversion eligibility is determined by flow controls: https://wiki.rally.io/rally-io/creator-coin/flow-controls
How to take $RLY to mainnet for other crypto or USD: https://wiki.rally.io/rally-io/creator-coin/bridge-out
I have more questions!
Don’t forget to check the full FAQ before asking in the $RAVE channel, please: https://rally.io/faq/
If you have an internet connection it’s likely you’ve been hearing of “blockchain technology” and “NFT” in the last several months and weeks, including within the electronic music world.
Over the weekend electronic music producer 3LAU auctioned off NFTs of hisĀ Ultraviolet album for a total of $11.7 Million. Deadmau5 partnered with Worldwide Asset eXchange (WAX) in December to release their own limited series of NFTs carrying digital collectibles.
The word cryptocurrency is a blend of two different words that are currency and cryptocurrency. The first cryptocurrency was Bitcoin that was created by a mysterious entity named Satoshi Nakamoto. He designed Bitcoin as a medium of exchange following the peer-to-peer network. The real identity of Bitcoin’s creator is still unknown as he suddenly disappeared in 2010. Satoshi introduced two main methods of acquiring Bitcoin that include mining or buying. Some people consider mining difficult while some consider buying process difficult, but buying Bitcoin is an easy process.
Buying Bitcoin requires users to find a genuine and reputable crypto exchange, open an account with an exchange, and then use fiat currencies to buy Bitcoin. Users also have to complete the KYC and AML norms to avoid any fraudulent activities. On the other hand, mining Bitcoin is also a way to acquire bitcoins, but it requires a lot of hard work. Bitcoin and other cryptocurrencies are mined by solving highly complicated mathematical problems. To understand it in simple terms, a miner has to get powerful computing power to do mathematical calculations to solve mathematical problems in order to acquire block reward. Also, you can Add Bitcoin into your digital wallet to mine and trade Bitcoin.
Bitcoin transactions are transparent and anonymous because they are recorded on a blockchain ledger that is public and makes transaction records public but anonymous. It doesn’t require users to use real identities while making transactions.
ā¢ Bitcoin is a global currency which means it is highly accessible. Users can buy and sell Bitcoin and other cryptocurrencies through Bitcoin exchanges.
ā¢ Bitcoin isn’t regulated, which is a major drawback. The use of Bitcoin in the market is unregulated as it is not regulated by the government, which makes it legally unsafe to be used to purchase anything.
ā¢ It is a highly liquid asset as users can easily sell their Bitcoin and can get their money by converting it into fiat currencies.
ā¢ There is only limited use of Bitcoin. Not all things can be purchased with Bitcoin, and to buy anything from it, it is required to be first converted into regular money.
ā¢ No other currency, shares, or bond has the potential to provide higher returns than Bitcoin provides. When the Bitcoin market is high, its price increases, and it is known to provide unexpected and unbelievable returns to its investors and traders.
ā¢ At the same time, Bitcoin’s market is very volatile, and there are wild fluctuations that take place in the prices of Bitcoin. If its price started to decrease, it would decrease to a great extent which will ruin all your savings or investments made in it.
ā¢ Security is the top priority of Bitcoin. Blockchain uses cryptographic algorithms to provide high security to the Bitcoin network and its transactions.
ā¢ Bitcoin transactions are irreversible, which means a transaction, once initiated, can never be canceled. It makes it difficult for people whose Bitcoin got stolen as there is no way to recover them. No authority or individual or even Satoshi can help in getting Bitcoin’s back.
If you are a mastermind and tech-savvy as well, mining is a great alternative for you. It requires effort and dedication, and only people who are interested in the mining process and making money can mine Bitcoin and other cryptocurrencies.
If you have high computing power, the mining process can be lucrative for you. If you can join a mining pool, you can save your expenses and earn Bitcoin by mining them. The mining process is only lucrative if you live at a place where there are the right cool temperature and minimal electricity expenses.
One obvious and undeniable thing about Bitcoin is that its market is very volatile, and it does make a risky investment. The decision of investing in Bitcoin completely depends on your investment goal and your risk profile. Its value is subject to be changed even in few minutes, and various factors drive Bitcoin’s price. You must have an appropriate and great amount of knowledge about the Bitcoin market to start investing in it.
6AM Group Launches $RAVE: The First-Ever Cryptocurrency Dedicated to the House + Techno Community
If you are willing to start Bitcoin trading, you might be well aware of important information about it. Let us tell you that Bitcoin trading is not an easy game because you have to make many important decisions. One of the most important decisions you have to make for becoming a professional Bitcoin trader is selecting a Bitcoin exchange. You must be well aware of the essential facts and factors required to make a wise decision regarding cryptocurrency exchange because there are many them, and they seem identical to each other.
The wide range of availability in terms of options of the cryptocurrency exchange will make it very difficult for you to pick the best one. Let us tell you that selecting the perfect cryptocurrency exchange is not an easy game, and you require a high degree of knowledge for differentiating between a bad cryptocurrency exchange and a good one. We will tell you about some of the most important considerations you can follow to select a reliable cryptocurrency exchange without any problems. You will get confusions, but we will clarify them by providing you with the forthcoming considerations.
As far as it is concerned with making a fruitful decision regarding cryptocurrency exchanges, you have to consider many factors. There is a long list of essential considerations, but we will mention all the important ones among them so that you do not face much confusion and can make a choice very quickly. In the below-given points, we have described some essential factors that you can use and easily choose a perfect cryptocurrency exchange by yourself and enjoy cryptocurrency trading to its fullest.
1. The first consideration you have to keep in mind for getting a good cryptocurrency exchange is reputation. Reputation is nothing else but the picture of the quality of services a cryptocurrency exchange provides to its customers. You need to know that good cryptocurrency exchanges will have a positive reputation in the market and are also very easy to be spotted. Get along a cryptocurrency exchange that does not have a good reputation in the market and does not provide good quality of services. You will not be able to make millions out of Bitcoin is because of their poor services.
2. The payment methods available on a cryptocurrency exchange are also among the most important considerations that you have to keep in mind for entering and making millions from the Bitcoin trading world. Suppose that you have two options for making payments at a cryptocurrency exchange: credit card and online banking. If your cryptocurrency exchange provides you with only a credit card facility and is also not working correctly, it will create a problem. Therefore, make sure to look for the one that has all the payment options available for you to choose from.
3. To make a wise selection from the wide range of options, you need to make sure that the cryptocurrency exchange you choose has a high degree of security. Security is one of the essential factors that you must consider to ensure the complete safety of your funds. To ensure safety, you can look for factors like two-factor authentication, Seamless transactions, multiple signature feature, and many others like this. These features will ensure that you do not choose a battery pack currency exchange and can enjoy while trading in Bitcoin.
4. You need to make sure that the exchange you choose provides you with the service of using all the cryptocurrencies available in this world. There must be diversification available in case you change your mind shortly. So, do not forget to look for the diversification feature and also the availability of different coins on the cryptocurrency exchange you are willing to choose.
In the points given above, we have described some of the essential factors that you can keep in mind and make a wise selection regarding a cryptocurrency exchange. These factors will be beneficial and will make it very easy for you to find a reliable exchange for trading in your Bitcoins. If you want to gather further information regarding cryptocurrency trading or Bitcoin, you can also read about Value of Bitcoin.
6AM Group Launches $RAVE: The First-Ever Cryptocurrency Dedicated to the House + Techno Community
Choon is a music streaming service and digital payments ecosystem powered by the Ethereum blockchainĀ and designed to solve some of the music industry’s most fundamental problems.
A venture co-founded by partners Gareth Emery,Ā John Watkinson, Bjorn Niclas, andĀ Matt Hall, Choon is set to be launched next year. While it is considered a music startup, it also has a clear component in financial technology since it aims to try solving many of the issues many artists have right now with streaming services utilizing cryptocurrency-based solutions.
Choon will be built on theĀ Ethereum blockchain, something Emery says he has been enthusiastic about since 2013. In addition, the service will have its own payment token called āNOTESā and a feature called āSmart Record Contracts,ā which would presumably help create more effective contracts and, according to Choon, replace many of the procedures for licensing and contracting at present.
Choon promises to distribute half of the total overall NOTES token supply directly to artists over the next five years through a system called streaming for mining, plus an ambitious 80% returns for artists from streaming packages revenues, higher than the standard 70%, which has been decreasing as per recent negotiations with major labels by companies such as Spotify. While it may be seen as a concern, many contend that the real problem lies in where the money is going. Labels, distributors, publishers, artists are splitting up majority of the revenues, while the writers, engineers and producers get the scraps . Also many of the contracts are so opaque and complicated it is hard to know if one is being paid fairly.
We sat down with co-founderĀ Bjorn NiclasĀ to learn more about Choon and its Beta launch.
