sonic

New reward system for musicians and fans

Sonic was incepted to revolutionize the music industry passing the power back to fans and musicians. Sonic is developing a super system where fan's directly earn SONIC tokens. Fans can spend their SONIC supporting the artists they love. Fans are given SONIC for listening to tracks based on actual listening duration, the longer fans listen they more tokens they earn, 50% of the total supply of tokens will be mined by listening! Typically, after musicians have uploaded their music it’s up to them to try and find suitable listeners, rarely do they get a chance to engage a wide set of like-minded active listeners, Sonic can help them reach their audience by providing a platform that promotes fairness, no head starts and is 100% fan driven. Musicians can spend SONIC to help develop their talent by purchasing equipment, paying for studio time, mastering, filming and marketing.

CS Score

3.7

Outlook:

Risky+

sonic – by ,
3.7/ 10stars

No End Date

Start Date : 1970/01/01
ICO
sonic
Token
SONIC
Price
1 SONIC = 0.001 ETH
Platform
Ethereum
Accepting
ETH
Bounties
Available
Bonus
Available
Hard cap
30,000,000 SONIC
Country
United Kingdom

CS Score :

3.7

Outlook :

Risky+

Idea 50%
Idea 5.4
Competitiveness 4.1
ICO 6.0
Team 2.1
Community 1.0
Marketing 2.4
Documentation 7.6
Financials 6.0
Reliability 1.3
Feasibility 2.7

The idea of incentivizing fans to listen to more music by providing more interaction opportunities with their idols is disruptive as it changes the traditional relationship between fans and artists. However, the execution ability is questionable for SONIC. There are only three people in the team without any advisors and it would likely prove difficult for them to build the platform and grow the user base at the same time.The already-dominated music industry also makes it very challenging for SONIC to supersede the leaders. The lack of marketing and social engagement has resulted in limited demand for its tokens, further undermining the success of the ICO.

Idea
Our team considers the idea of SONIC quite disruptive to the music industry, greatly enhancing the …

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Sonic was incepted to revolutionize the music industry passing the power back to musicians and fans.

Sonic has created a super system where fan’s directly earn SONIC tokens. Fans can spend their SONIC supporting the artists they love.

Fans are given SONIC for listening to tracks based on actual listening duration, these coins can be spent on supporting their favourite artists. The longer fans’s listen they more tokens they earn, 50% of the total supply of tokens will be mined by listening!

Typically, after musicians have uploaded their music it’s up to them to try and find suitable listeners, rarely do they get a chance to engage a wide set of like-minded active listeners, Sonic can help them reach their audience by providing a platform that promotes fairness, no head starts and is 100% fan driven.

Musicians can spend SONIC to help develop their talent by purchasing equipment, paying for studio time, mastering, filming and marketing.

In the traditional system musicians are left with very little after everyone involved has taken their cut, as little as 5% sometimes.

Sonic will provide the fair global platform so musicians keep closer to 95% of all revenue generated. Without any contracts, subscriptions or debt!

Team Members

Simon Ryan
Founder
BCE
 

Charlie Simmonds
CFO

Luke Griffith
Head Of Development
BSC
 

Mark Ryan
Marketing Director

Simon Ryan
Founder
BCE
 

Charlie Simmonds
CFO

Luke Griffith
Head Of Development
BSC
 

Mark Ryan
Marketing Director

Advisors

February 2, 2014

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

February 2, 2014
May 10, 2015

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

May 10, 2015
June 21, 2016

The birth of mankind

Something really big happened around this period of time. It affected all of humanity. That explains everything.

June 21, 2016
Mar 2018
Fan/Musician Whitepaper Release.
Announce New Team Members.
Mar 2018
Apr 2018
Technical Whitepaper Release.
Marketing Campaigns Begin.
Apr 2018
Jun 2018
Beta Web Platform Release.
Musician/Agency On-boarding.
Jun 2018
Jul 2018
Partnerships Announced
Jul 2018
Aug 2018
Pre-Sale Ends.
Aug 2018