What is ROCKI (ROCKS) | What is ROCKS token

Since the early days of the recording industry musicians have struggled to capture their fair share of revenue. However, most have not been very successful. Only 12% of all revenue generated from the music industry ends up in the hands of the artists who created the music in the first place according to a comprehensive  report on the music industry by Citigroup.

If there was a saving grace for artists it was the income generated by tours, clubs, concerts, festivals, and on-site merchandise. But due to the COVID-19 pandemic, that live performance revenue is now gone. The earliest that it could possibly come back is up for debate, but most agree it will be mid-2021 to 2022. When it does come back, artists can expect this live performance revenue to be much lower. It’s hard enough to promote your show in a world that’s not trying to pull itself out of a pandemic. As a result, the monetization of online streaming and fan engagement is not just an important piece of the pie, it is the key to survival for many of the smaller and medium sized artists you know and love.

Enter ROCKI, the first hybrid user-centric blockchain music streaming platform aimed at independent artists and their fans. On ROCKI, artists are compensated for their streams, both in fiat currency and our unique ROCKS token, a world first.

Taking it one step further, ROCKI expands the definition of “fan-centric” by compensating listeners with ROCKS tokens for listening to sponsored and curated music on the ROCKI platform. Actions such as creating playlists, providing feedback, and hosting social engagements all earn ROCKS tokens, another world first for a streaming platform.

We’ve been working with many artists who used our previous services — Vidiam, Grooveo and Choon — to create a platform that allows them to connect directly with their fans. Many of them have already committed to ROCKI and will be credited in ROCKS when joining the new platform. In addition, we will be announcing the details of our public Beta launch and an upcoming token swap on Bounce.Finance soon. Stay tuned for that, and for your roadmap to the future of music streaming and fan participation. Because given our current state of affairs, we either keep up with the times — or get left behind. It’s about time the traditional industry model changed. Let’s give more to those who actually put in the work.

ROCKI Token Swap on Bounce.Finance

ROCKS is the ecosystem token in the hybrid user-centric music streaming platform ROCKI, which rewards both the artists for having their music streamed and rewards the listeners for listening to curated and sponsored music. ROCKI is the first platform in the music industry to have its own unique Music NFT’s, both for Royalty income rights and for exclusive Listening rights, which are both transferable and fans/speculators can enjoy income brought by the music Royalties.

Auction Swap Time & Date

December 23rd, 6am PST (Pacific Standard Time) Countdown clock here.

Token Metrics

Total supply: 100,000,000 (100 million)

Token symbol: ROCKS

Token Contract Address: 0x92ecE48522E1aCbcda4Aaa8C2fBF2Aa9FB15D624

Token distribution:

· Public Swap: 4,070,000 (4.070 million) — 7%

· Community music mining: 60,000,000 (60 million) — 60%

· Ecosystem and bounties: 19,930,000 (19.93 million) — 17%

· Team: 14,000,000 (14 million) — 14%

· Advisor: 2,000,000 (2 million) — 2%

Token Lockup:

· Public sale: unlock immediately after the bounce swap

· Community music mining: start Q1 2021. Further details will be released before it starts

· Ecosystem and bounties: 1/15 every two months after bounce swap. Initial uniswap liquidity supply will be used from this section

· Team and advisor: locked for six months and then linear monthly release for 24 months

Token Economics and platform incentivization

1. Listener subscriptions- Hybrid user-centric model

ROCKI uses a unique hybrid user-centric model to compensate musicians and artists on the platform. The user-centric payment model is more centered on paying the artists directly for the music streams they consume. For each listen of a song, the royalties portion of their subscription is divided only among the rights holders of the song/artist they listen to.

2. Multifunctional staking for application

Staking subscription: An alternative subscription model is staking tokens for the premium edition. Listeners can choose to stake (lock) ROCKS tokens for the premium subscription. A listener can choose to unstake the token and end the subscription, or he can choose to keep staking. Subscription users do not lose the tokens after staking. Staking rewards only go to the artists they listen to.

3. Advertisement revenue sharing and music promotion

For the 10% revenue (both in fiat and cryptocurrency) collected from premium subscriptions, ROCKI will set up music campaigns to incentivize listeners and airdrop tokens to participants. Each day, users will receive bonus tokens by listening to curated or promoted songs or participating in campaigns. For basic users who do not want to pay for the monthly subscription, they will have to listen to or watch advertisements after they have listened to three songs. Unlike the traditional advertising model, where the company keeps all the advertisement revenue, our platform shares 60% of advertising revenue to users who watch or listen to the advertisements. Basic users will get tokens as a bonus when they listen to the curated or promoted music

4. Direct payment

Both musicians and listeners can use ROCKS tokens as a means of payment for the in-app services. For musicians, direct payments apply to downloads of specific songs, tips from listeners to artists, Limited editions or collectibles (aka “digibles”), and other direct artist-to-listener transactions: private concerts, one-on-ones, merch sales, event tickets, etc. For listeners, direct payments apply to Tips from artists to listeners, royalty commission, if an artist has added a listener (fan) to a Smart Record Contract and stream revenue has been generated.

5. Artist financing model

Artists sometimes need financing at the beginning of their music production. In the traditional music industry, artists often get investments in order to create new music and albums, which usually are paid back after generating profits from the musical production. The next stage of our platform is to provide artists with token financing. Artists can raise tokens to finance new music productions and to invest in their own music careers. Those who invest in these offerings receive a part of the revenue generated from future music streaming on the platform.

Bounce Pool details:

7,000,000 ROCKS, which makes up for 7% of the total token supply, will be allocated into the pool. 7 million ROCKS will be placed into three rounds where only BOT token holders are eligible in the first round, and the second and the third are open to everyone.

30% of the funds swapped will be used for providing liquidity on uniswap and lp tokens will be locked.

Would you like to earn ROCKS right now! ☞ CLICK HERE

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