How will Web3 benefit musicians?
Web3 & blockchain technologies usher in a new era of artist ownership & previously unfathomable control of creative content. It enables equitable compensation for musicians of all levels, with hundreds of artists already taking advantage of this new technological opportunity.
How blockchain can help the current music market
The music industry is plagued by rapacious intermediaries taking excessive cuts of artist revenue. GIGCO implements blockchain infrastructure, adding much-needed transparency to this murky practice. Utilizing a tokenized payment mechanism means each transaction is fully verifiable, incurring just micro-fees. Smart contracts enabled by Web3 allow artists to connect directly to venues they play & fans who support them, eliminating reliance on 3rd party interaction.
When an event is arranged on GIGCO a smart contract is instantly deployed. This protects both venue and artist for potential defaulters or bad actors.
$GIG Token allows artists to mint music as an NFS™, then offer fractional ownership of songs to investor fans. They will share the royalties proportionately, which are paid directly to their $GIG wallet.
GIGCO offers payment flexibility; balances display in GIG & this is always the cheapest payment solution for customers. It is possible to settle in fiat currencies if customers choose. Algorithmic price feeds display balances in the customer’s choice currency where required.
NFT ticketing helps combat scalping activities & allows artists to attach unique event memorabilia to the admittance. It also facilitates our Proof of Attendance concept, rewarding superfans with different artist and venue loyalty perks.
|Seed Sale Price||$0.033|
|Private Sale Price||$0.0385|
|Public Sale Price||$0.15|
|Seed||6–12 months cliff*||Daily vesting over 6 months|
|Private||3–9 months cliff*||Daily vesting over 6 months|
|Pre-Public||1 month cliff||Monthly vesting over 5 months|
|Public||-||Monthly vesting over 5 months|
|Team||6 months cliff||Daily vesting over 24 months|
|Advisor||6 months cliff||Daily vesting over 24 months|
|Liquidity||-||Monthly vesting over 36 months|
|Ecosystem||-||Monthly vesting over 36 months|
|Community||-||Monthly vesting over 36 months|
|Reserve||-||Daily vesting over 12 months|
Frequently Asked Questions
You can use the tokens to pay for any products on the platform, event tickets, music, merchandise, and much more. You can also stake the tokens in your wallet or on profiles and you will be paid a return for doing this.
Yes, you can also earn $GIG tokens by participating in community engagement schemes which promote growth. These include referring new users to the platform & listing venues for our database.