STAYGE – Decentralized Ecosystem for the Entertainment Industry
Another project is joining the decentralized community but this time, the scope is on the hitherto maligned industry – entertainment. Before its coming, similar solution offered by STAYGE had been found on Tron (TRX). The latter had promised to bring the blockchain to full force on the entertainment industry and had gone the extra mile to posit revolution in the web.
Why STAYGE?
The entertainment industry is no doubt, one of the most lucrative and artists and entertainers are making a killing in the multi-billion dollar industry. However, entertainment that was meant to be uniting force had by incursion of centralized influencers being hijacked and become a divisive industry.
At the moment, Justin Beiber does not know by name, some of his fans around the world. Same applies for footballers such as Ronaldo who cannot determine their fan base. The reason for this anomaly is simple; fans and entertainers have been cut off from each other and the thin line that existed between them had been further deepened. Hence, while fans spend their hard-earned funds purchasing albums, artists only get richer and famous when their tracks are applied leaving their fan base to lick their wounds.
More saddening is the role played by social platforms where fans take to in their support for a particular artist. These platforms amass wealth and return little or none to the fandom.
STAYGE – Breaking the Chains
STAYGE is bringing the blockchain technology to another use case; motivating fans and striking necessary interactions among parties. The over $2 billion USD dollar entertainment industry will have a facelift because makeovers will be made and changes that will position it for further innovations are part of STAYGE’s plans.
The platform will solve fragments in fans’ interaction with entertainment contents, rebirth incentive models for fans and create environment for seamless and positive interactions between fans and artists.
Incentives for Fans
The amazing thing about platforms using the blockchain is that transparency is top-notch. On STAYGE, moves will be made to create different perspective for fans’ reward. This is in contrast with conventional hoard of funds by other platforms; something STAYGE changes by rewarding fans for their activities.
This will certainly buoy others to start supporting the entertainment industry. The tangible incentive that will be released as a cryptographic token will be used for in-platforms access to services. There is also support for direct fan-to-artists support where fans offer funds to help artists achieve their dreams.
Supports can be rendered by purchasing albums and paying for concert tickets all with the help of cryptographic tokens. On the other hand, artists can easily identify loyal fans by their support and the number of tokens in their possession.
Artists Benefits
STAYGE is interested in improving the entertainment industry by sustaining the three main participants. Artists, the core and second participant can now have direct access to fans. There is also tendency that paid campaigns targeted at bringing their latest albums to fans will be cut off because there is already access to fans.
On the other hand, fans that receive incentives for promoting artists’ works will certainly want to continue with this thereby increasing the fandom. Thus, there won’t be need for artists spending many funds on paid campaigns because motivated fans have done the work for them.
Service Providers
Service providers will have fair share of the cake distributed by STAYGE. They will hold transactions on behalf of artists and their managers with zero risks arising from breached contracts.
Token Sales Information
Token Symbol: STG
Platform: ICON
Token Supply Unit: 10 billion STG
Exchange Rate: 1 STG= 0.0025 ICX/ 1 ICX= 400 STG
Soft Cap: 2.5 million ICX
Hard Cap: 12.5 million ICX
Accepted Payment: ICX
The STAYGE Team
Advisors
Conclusion
STAYGE uses the activity-token, ACT n rewarding fans for their interactions and contributions to the success of the project. It will be issued to fans that have constituted communities. The project is positive-oriented because key participants in the entertainment industry such as service providers and fans will work under a mutual environment that will see the growth of the $1.7 billion USD entertainment industry in few years.
To learn more about STAYGE, Check out the links below:
Website: http://www.stayge.io/
Whitepaper: http://www.stayge.io/whitepaper/STAYGE_Whitepaper_en.pdf
Twitter: https://twitter.com/STAYGE_One
Telegram: https://t.me/stg_en
Writer's Info
Bitcointalk Username: Aiberg
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2258184
ICON Wallet: hx961d29c3c8d08b0dcc10bf67bf7d13d9e711ddd9