WeDemand ICO: Blockchain Ticketing Music-Driven Live Events?
Being an artist involves lots of decision making, most of which revolve around tour trips to various fan bases. However, sometimes the outcome isn’t good as the turnout might be less than expected. WeDemand comes to offer solutions to this through its decentralized digital platform that brings a new perspective into the current centralized systems of operation.
What Is WeDemand?
WeDemand is an Ethereum enabled decentralized platform that seeks to make use of the DMD Cryptocurrency as a bidding ticket, to match various artists with their fans. Through the platform, fans have all the power to mobilize artists to their towns through placing demands on the platform. The most significant number of “demands” win the day as artists analyze analytics to determine possible attendance rates.
WeDemand Blockchain Ticketing Music-Driven Live Events Benefits
The platform gives you all the power to influence where your favorite artist visits on their next tour. Joining is free, but you will have to purchase tokens to place a bid. Fans purchase DMD in USD (US dollars) that allows them to vote for their artists. Once the shows get a confirmation, the DMD get transferred to the show’s ticketing system. Every ticket sell involves a specific fee that’s then moved to the IMD (the investment token). Artists also get paid in USD.
Additionally, it’s through the platform that fans get to interact with their favorite artists. They get to plan for the tour right from scratch and even choose stopover points during the visit. Through this, fans get more involved in the process thus creating a sense of belonging and strengthening the artist-fan relationship. There is also understanding of the two parties, with each side knowing what they should expect of the other.
Just like any other decentralized platform, WeDemand seeks to bring together all artists and fans across the world. Therefore, fans get to demand artists from various parts of the world. There is no restricts in this fan-artist ecosystem.
Since the WeDemand platform is decentralized, it eliminates the need for middle persons in the ticket issuing process. Through this, you get equal access to tickets thus curbing corruption and hiking of ticket prices, typically experienced in centralized systems. Also, you get to mobilize your friend to join via social media/email to increase the number of bids.
Artists get to know what their fans need and prepare to meet their demands. And promoters get an easy time as the matching process is well established.
Although this seems like a good idea, matching artists and their fans across the globe isn’t easy. Some places naturally have more fans than others, which could make balancing difficult. Some areas might feel left out if this isn't possible, hence pull out their investment. Therefore, unless there is a clear plan on how to achieve balance in the bidding process, then this could be headed to failure after a few months of hype.
WeDemand comes at a time when there is massive exploitation in the music industry. Fans get overpriced tickets from middle persons, while show promoters overcharge artists for show organization. The platform through the use of DMD tokens, seek to bring sanity to the sector by bringing all these stakeholders together for a common understanding. The music industry is set to grow even further in the coming days and WeDemand seem to deliver tangible solutions, thus worthy your investment.