What Is PurpleThrone?
The music lover who does not necessarily sing, is not left out of the bunch of goodness. PurpleThrone makes it possible for music lovers to choose from over a wide range of genres and music options spread across different locations. They only have to browse through the music that has been uploaded on the platform.
How PurpleThrone Tokenized Streaming Music Works
Taking a look at the PurpleThrone operation structure, we may want to come to conclusions that music artists are likely to embrace this innovation. This is because it helps them build a larger fan base, and in the most convenient way you can imagine. It also makes their product marketing easier and less cumbersome. Thus, instead of having to rely on corporations to promote and market them, the platform does all of that work.
On the platform, the objective is that every registered musician has a profile where other users can visit and stream their contents in exchange for some purplecoin tokens. The website would also show relevance in bringing young and hidden talents to limelight. Any upcoming music artist does not need to be signed under some big name record label before they can be registered on the website. The platform creates a level playing field for everyone; whether they be the well-to-do artistes or the little-income ones.
By way of its activities, the platform builds impetus in the entrepreneur to put in even more effort in improving on his art; everyone would love commendation and recommendations from time to time, and this music facility of a platform makes provision for all of that.
The PurpleCoin PPC Token
The purplecoin (PPC) is another great cryptocurrency set to hit ICO. This security instrument is dedicated to musicians and music lovers. It is not meant to act as a store of financial value, and just like every other cryptocurrency listed (or that would be listed) on “coinmarketcap.com”, its price value would depend on how much demand there is for it. According to the developers of the platform, the purpose of it, is to allow some kind of interaction between musicians from different countries and music lovers from everywhere. Every user whether an artist, a fan, or some music lover has something to benefit.
PurpleThrone PPC ICO Details
The company's events' timetable has indicated the ICO will start February 26th 2018 and to end exactly April 22nd 2018. The total supply for the purplecoin is capped at one hundred million; out of which only 50% (50 million) would go into crowdsale, 30% (30 million) would be the royalty fund, and the remaining 20% would go into reserve. If at the end of ICO there are coins left, they would be added to the ones allocated for reserve. The purplecoin is ERC20 and is transacted on the Ethereum blockchain.