🔥Pillars

Traceable on Blockchain

• Raceability in the BlockChain is the ability to track the transaction history of our digital asset.

• Each transaction is recorded on the blockchain and includes information such as the sender, recipient, transaction value, and the time it occurred.

• With this data, it is possible to trace the origin and destination of an asset, as well as verify its security and ownership.

• This transparency and immutability of the blockchain are the main reasons cryptocurrencies and other digital assets based on this technology have become so popular.

DAO System

• A DAO system operates within the blockchain as an autonomous and decentralized organization, where decisions are made through a governance process based on a set of rules agreed upon by organization members.

• Members can propose and vote on changes in the ecosystem, as well as manage financial resources and ongoing projects, all through smart contracts that are automatically executed by the blockchain.

• The DAO system is based on a token structure, where each member holds a quantity of tokens representing their participation in the organization, and these tokens are used to vote and influence decisions made by the DAO.

• Thus, a DAO system within the blockchain allows members to collaborate in a decentralized and transparent manner, without the need for intermediaries or centralized authorities to make decisions and manage resources.

CROWDFUNDING

Crowdfunding or Collective Financing is a way of raising funds in which artists create online campaigns to raise funds from investors and the general public.

• In addition to giving a portion of their earnings, artists can offer different rewards, such as tickets to shows or exclusive and early access to new works, as a way to further encourage financing.

Investors contribute in money or cryptocurrencies through the platform and become part of the DAO system, where they can provide input on which artists receive the raised funds for their projects and begin to receive dividends proportional to the invested amount.

• Crowdfunding is a popular and effective form of financing for independent and emerging artists and an excellent investment opportunity with significant potential for appreciation.

Royalties and Profit Sharing

Royalties and Profit Sharing Being part of the BLOCKSOUND DAO ensures participation in profits and receipt of royalties proportional to your investment. Before any royalty distribution, a contractual agreement with the artist is required, and this agreement must establish the conditions of the partnership, including the percentage of copyrights and performance rights that will be allocated to investors.

Next, it is necessary to monitor the sources of generated royalties, which may include streaming platforms, physical media sales, public performance rights, and other income sources.

From the monitoring, royalties are collected and recorded in a royalty management system.This system can be managed by a copyright management company such as ASCAP or BMI, or by a specialized royalty management company if that is the DAO's decision.

With the collected royalties, it is time to distribute them to investors. Royalty sharing should be ongoing based on the contractual agreement established, which may include a fixed percentage, a return on investment, or a combination of both.

Finally, investors are paid according to the contractual agreement. Payment can be made periodically, such as every quarter or semester.