Music Producer Launches His Own Blockchain Token

Music Producer Launches His Own Blockchain Token

Tech companies aren’t the only one launching blockchain tokens these days. Music artists are now utilizing blockchain tech to protect their work and earn revenue without labels and banks.

According to Wikipedia Gramatik AKA Denis Jašarević, is a Slovenian electronic music producer, originally from Portorož, Slovenia. He currently resides in New York City making genre-fusing electronic music.

On November 10, 2017, Gramatik launched his own blockchain token called GRMTK. He released 25 million GRMTK ERC20 tokens on the Ethereum blockchain.

Gramatik – ” I waited for the release of a platform like SingularDTV that uses Blockchain technology to pass me intermediates. I just want to get my music out when I want and on my own terms. I want to get rid of all this bureaucracy. I just want to make music. In a world that belongs to banks and businesses, Blockchain technology is pretty much the only thing that gives me hope for the future. ” source

 

 

Gramatik – Satoshi Nakamoto MUSIC VIDEO (feat. Adrian Lau & ProbCause)

Follow Gramatik:
YouTube : https://www.youtube.com/user/Gramatikk
Facebook : https://www.facebook.com/gramatik/
Soundcloud : https://soundcloud.com/gramatik

Want to launch your own blockchain token?

There are several ways and several blockchains you could consider for launching blockchain tokens and initial coin offerings. If you ask us, we say wait till the EOS launches this summer and build it on that blockchain platform.

Ethereum is another popular blockchain platform for tokenization. There are currently over 510 ERC20 tokens on Ethereum.

STEEM is also coming out with SMART MEDIA TOKENS for content platforms to tokenize with a stake weighted voting system like Steemit has.

Smart Media Tokens

You could also check out Token Magic for comprehensive white glove service for end-to-end token sale solutions with proven success.

STEEM Launches Smart Media Tokens

STEEM Launches Smart Media Tokens

Steemit just released some very exciting news! Anyone can now launch a blockchain token on the STEEM blockchain using what is called SMTs or Smart Media Tokens.

Blockchain tokenization is becoming extremely popular with the rise of ICOs or Initial Coin offerings on Ethereum like the ERC-20 tokens and on BitShares with User Issued Assets.

Now Steem joins the world market for user created blockchain tokens, but with some unique features. Smart Media Tokens utilize a Proof of Brain algorithm by which the cryptocurrency is distributed. This simply describes the upvoting and payout structure for a system like Steemit. Now anyone can create a token for their content based project, just like Steemit.

 

From the Whitepaper:

Steem’s Smart Media Tokens (SMTs) give anyone the power to launch and sell Proof-ofBrain
[1] tokens, which are tokens distributed by “upvote” and “like”-based algorithms
and can be integrated with websites to align incentives and spur growth, while websites are
empowered to adopt sustainable, currency-centric revenue models. This model has been
tested and continues to be proven by steemit.com, busy.org, chainbb.com, dsound.audio,
dtube.video and other Steem interfaces, which are monetizing content, tokens and media
in a way never before seen. Source: smt.steem.io

The possibilities are vast with this development. ANY PERSON can now launch their own crypto on STEEM wich has NO FEES! That is huge. Established brands, new brands, even a competitor like Reddit could utilize SMTs for their content.

*It is important to remember that growth of SMTs will lead to more transactions on the STEEM blockchain and demand for the STEEM Crypto assets. This is great news for holders of STEEM and STEEM Power.

 

The News via Ned Scott – CEO, Steemit Inc:

How Smart Media Tokens Work: An Animated Explanation

Shoutout to @dougkarr for creating the video! Way to go! 👍

Steem STMs are similar to “User-Issued Assets” which can be created on the BitShares DEX. Both BitShares and Steem blockchains utilize Graphene 2.0 technology for cryptographically secure decentralized ledgers.

Graphene Technical Documentation

User-Issued Assets on BitShares Decentralized Exchange:

bitshares accepted here

The BitShares platform provides a feature known as “user-issued assets” to help facilitate profitable business models for certain types of services. The term refers to a type of custom token registered on the platform, which users can hold and trade within certain restrictions. The creator of such an asset publically names, describes, and distributes its tokens, and can specify customized requirements, such as an approved whitelist of accounts permitted to hold the tokens, or the associated trading and transfer fees.

*Regulation-compatible cryptoasset issuance

Source: bitshares.org