A next-generation music streaming service, Choon has launched its NOTES tokens, which is the cryptocurrency behind the Choon payments ecosystem. Choon has raised over two million dollars during the pre-product token sale of 75 million NOTES and the public token sale started today on July 2, 2018.
Choon, which launched on May 1, 2018, was created to address the current imbalance in the music business, and to help artists and musicians get fair pay on a regular basis, and in a transparent manner. Most impressive about Choon is that the platform is tailored for independent artists who own their own music and are not signed up to legacy systems. Choon has been able to start from scratch and create a new and innovative ecosystem for royalty payments, which are based around the NOTES token.
This music streaming service is already the largest music streaming platform on the blockchain with over 5,000 artists that are receiving NOTES, and thousands of tracks to listen to in their database. Artists can earn up to $1.63 dollars per stream on the Choon streaming platform, which is exponential more than other streaming services offer.
Choon was co-founded by Gareth Emery, world renowned DJ and producer. Emery noted that they have had “great success” with their token pre-sales, as well as their private round of funding. They are looking forward to having the cryptocurrency community join them for their main token sale.
Emery acknowledged that the support and interest that they have received for Choon is overwhelming, and that they are impressed with the quality of music that has been uploaded already. Emery noted that Choon is looking forward to sharing more with their community through this token sale, and that will help kick-start the Choon ecosystem of NOTES.
Read More: Gareth Emery chatted with Digital Journal about his blockchain music streaming service Choon.
