BINGO MUSIC COIN Whitepaper
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BINGO MUSIC COIN Whitepaper
BINGO MUSIC COIN
2018. 4
Table of Contents
1. BINGO MUSIC COIN Background
2. BINGO MUSIC COIN Issuing Purpose
3. BINGO MUSIC COIN Features
4. BINGO MUSIC COIN Business Partnership
5. BINGO MUSIC COIN + MICROSOFT BAAS ETH STRUCTURE
6. BINGO MUSIC COIN Technology Information
7. BINGO MUSIC COIN Contents
8. BINGO MUSIC COIN Market
9. BINGO MUSIC COIN Platform Brief
10. BINGO MUSIC COIN Open (TGE)
11. Road Map
12. Intended Use of Funds
13. BINGO MUSIC COIN Media Reports
14. Team Members
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• BINGO MUSIC COIN Background
1. Digital Music Source Illegal Modulation
a. The creators A. illegally released the album made by hard work.
b. As the quality of the music decreases, the damage is eventually returned to
the music consumers.
c. Overall creativity activity has been changed passively by the digital music
source or the synthesizer that substitute the actual performances that cost
a lot of money.
2. Unreasonable Distribution Process
ㄱ. An unreasonable contract with vested interests influence that has a huge
influence on the distribution process of digital music source.
ㄴ. The crisis is due to the excessive monopoly of distribution company and
structure of digital music source.
ㄷ. Unclear charts trends since the total sales in the digital music source is not
transparently shared.
3. Protecting New Creators
A. As the large distributors and large agencies have various charts and
rankings, they also have creative activity in indie and it is difficult for the
good creators to even make their debut.
B. Because the digital music source platform the structure itself is not
substantially incubating the newcomers, the consumers range of choices
for various music have become narrowed.
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Percentage of Allocated Profit of Digital Music
Source Streaming Service
Singers, 6%
Songwriter,Composer,
10%
Producer,
44%
Distributor,
40%
• BINGO MUSIC COIN Issuing Purpose
So far, unreasonable distribution system of the digital music source market has
discouraged the copyright owners from pursuing their own creations due to the
inequality contracts.
The digital music source market scale is “24 trillion” for downloading, “43 trillion”
for streaming in 2015, and has already surpassed the offline music market by “28
trillion” for downloading, “43 trillion” for streaming in 2016.
With the current music distribution structure, the creators of the music can earn
422 million won in profits which is equivalent to about 6% of royalty fees when
the number of streaming is about 100 million.
However, with Bingo Music it will be possible to distribute about 95% of the 100
million streaming that is worth about 665 million won to the creators.
This means that it can return about 16 times more profits to the creators
compared to the existing distribution system.
Through the block chain technology of Bingo Music, creators can upload their
own songs without the intermediary distributors and check the real time sales
and of course also can do the marketing and this making them completely
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BINGO MUSIC COIN
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different from the existing companies.
Bingo music will give the music market a boost with a system that gives
copyright holders 90 percent of their profits. Henceforth, BMC is the encrypted
currency for global content transactions that will also be used in dramas, movies,
and educational content.
• BINGO MUSIC COIN Features
1. Copyright holder will get 10 BMC for every first music upload and 10 billion of
Initial Compensation.
Incipient copyright holder will get 10 BMC for each song as compensation.
Build the world’s largest music platform which has 1 billion of songs.
Example) Apple has 50 million songs, Melon has 35 million songs.
2. Group chatting service integrated with find friends features that searching
for Bingo Music user who is listening to same song.
3. Group chatting function to find friends who listen to the same music
between Bingo Music members.
The creators who have been funded through this BMC relay can make profits by
making music or contents, and the producers can share the profits. Through this
service, we will be able to find more talented creators.
4. Build award system when new song is entering the Bingo Music Chart
5. Bingo music coupons will be issued and promoted to online affiliates and
offline affiliates stores.
Available to purchase 10% off for Bingo Music Coupon in Online / Offline.
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6. Get BMC by recommend and listen to the copyright’s owner music.
7. Provide a Mini Mall to sell the creator’s uploaded music or album and sell
various products.
A mini mall is provided for users to purchase products and the creators various
contents.
8. BMS is used not only for various contents transactions, but also for a cash
at affiliated stores.
• BINGO MUSIC COIN Business Partnership
1. Microsoft
• World’s Largest Cloud Service
• High Scalability and Stability
• Support SLA (Service Level Agreement)
2. AMS(Azure Media Service)
• Create End-To-End Workflow
• Based on REST API’s for secure upload, storage, encoding and packaging.
3. DB Inc
• DB Group Specialized Company in IT Service
• Global Cloud Vendor Alliance Partner
• Rich Experience in Global SI Business
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4. Code Crain
§ Global Partner of Facebook FbStart
§ Acknowledged by Google, Tencent etc.
§ Successfully Operated Their Own Digital Music Service
• BINGO MUSIC COIN+ Microsoft BaaS ETH
BINGO MUSIC COIN or 'BMC' has signed a technology and marketing alliance
agreement with Microsoft (MS). BINGO MUSIC COIN is implemented under
Microsoft’s Cloud services ‘Azure’ as ‘Ethereum Cloud Service (Blockchain as a
Service now on Azure, ETH BaaS)‘. It also the first time to be used as a crypto
currency music streaming service (BINGO MUSIC COIN) using the generated ETH
created based on Microsoft’s Baas Platform, and it has the potential to completely
reverse the structure of the music streaming ecosystem by completely blocking
payment, profit distribution, sound modulation, and counterfeiting using block
chains
Main Benefits
• 7~8 per SEC
Stargram Coin’s transaction rate per second is about 7-8 transaction as known
by ETH.
• Safety Transaction
Stargram Coin and Token is currently focusing on the development of fast and
secure transaction through the Sharding, POS system.
With this, Stargram Coin is planning to continue its research and
development.
• Fast and Powerful Node System
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Because Stargram Coin is not 100% open chain like Ethereum, The rate speed
of the transaction faster and powerful than public Ethereum block chain, with
approximately speed 8000 nodes.
• BINGO MUSIC COIN Technology Information
BINGO MUSIC COIN and lower ' BMC ' has signed a memorandum of
understanding for technical and marketing partnerships with Microsoft. Based on
this, the properties of the BMC developed in KMS and Microsoft's R&D have
three characteristics as can see in below.
1. Profit Distribution
Introduction of block chain technologies in profit sharing structures; This is
enables the creator to clearly know how the music source is distributed, how it is
used by consumers, and to grasp the exact profit. In addition, by having a payment
structure with direct consumers rather than through distribution companies, the
creators can easily deliver their music source contents without having to go through
the vested distribution force in the existing music market. The creators will be able
to focus on actual musical creativity as they receive precise compensation for
creates such a thing, and consumers will be able to enjoy a wide range of high-
quality music content.
2. Copyright
Copyright management that is using block chains makes it possible without a
copyright association or an intermediary manager. Store and share the music
source's own information by license it in the block. This information is impossible
to modulate and can eliminate tyranny and plagiarism of the giant business.
3. Illegal Duplication
BMC develops its own codec based on a block chain. This controls all history in
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the block chain codec. Illegal copying and copying of music sources will be banned.
1. The Artist 3. Consumer 5. Transactions
Upload Confirm On the Block Chain
2. Post the data 4. The consumer pays 6. Send BMCoin
On the P2P Network The artists with To the Artist Wallet
It essentially to blocks the reckless acts of consumers.
• BINGO MUSIC COIN Content
1. SNS Music Platform
Bingo Music is a social audio platform where everyone in the world can create
and upload their own music anytime and anywhere. After complete the registration,
everyone can share their own music to everyone all around the world and earn
profits from it. Through this platform, everyone could be a music creator and music
consumer at once.
This platform will be available on PC/Mobile Web, Android and iOS, and will be
provided with streaming, upload, recording, newsfeed, album and other various
functions.
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2. Community Service
Everyone can create their own music and entertainment community and use it as
a space to discuss and share everything about concert, fan club, their own music,
audition and other music-related stuffs.
3. Shopping Mall
Not just a simple content consumption but we are providing an integrated music
shopping mall that connects artist and consumer directly (Direct-to-fan), where
everyone can purchase everything all about their favorite artist such us music/song,
ticket concert, goods and etc.
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• Bingo Music Coin Market
If we take a closer look at profit of digital music and offline music such as CD, the profit
of offline music market is continuously decreasing in the past five years.
Offline music has gained bigger profit than digital music market up until 2013 but
gained similar profit as digital music market in 2014. In 2015, the profit of digital music
has exceeded the offline music market.
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Conventional Music vs Digital Music Changes
Conventional Music Digital Music (Unit : Billion Dollars
81 75
71
67 67
58 61 61 58
55 52
49
2011 2012 2013 2014 2015 2016
2010 ~ 2016 World Digital Music Market Scale
(Unit : Billion Dollars)
Streaming Download
44 44 44 43 43
42
28
24
17
14
11
7
2011 2012 2013 2014 2015 2016
(Source : Dong Hyang / Lee Sun Hee)
Paid Music Platform Total Subscribers
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Paid Music Platform
(Unit : 10,000 people)
Total Subscriber
Spotify 3000
Apple Music 1500
Pandora 390
Rhapsody 350
Tidal 300
Deezer 300
Source : satistic
0 500 1000 1500 2000 2500 3000 3500
As September 2016, ‘Melon’ ranked no. 1 in national music platform
of Korea with 3,8 million subscribers. Spotify is ranked no. 2 in the
world music market and will enter Japan market as well.
Meanwhile, Apple Music didn't show a great power in music
market with around a hundred thousand users only.
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• Bingo Music Platform Brief
Bingo Music Platform
Build a platform
environment in Bingo
Music Platform where
Upload a Streaming (or
Artist Consumer
License holder Consumer enjoy
(Singer, Song Writer the music
/ Composer) upload uploaded by
their music and BMCo license holder
through paid
streaming or
download.
• BINGO MUSIC COIN TGE
#Block Chain Digital Music Streaming Service Platform
#Filled with All Sounds and Songs from All Around the World!
‘Most Powerful Blockchain Platform that May Change Your World’
◇ Total Number of Issuance : 50 Billion pcs
◇ Share Distribution : 15 billion pcs
10 billion pcs
[Road Map Before Bingo Music Official Opening]
1. Private Sale : March 21, 2018 ~ April 14, 2018
- 1st Round Period : March 21 ~ March 31 (1ETH 65,000 pcs)
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2018. 4
- 2nd Round Period : April 1st ~ April 14th (1ETH 60,000 pcs)
2. Pre-Sale
- Pre-Sale Period: May 15, 2018 ~ June 12, 2018 (1ETH 35,000 pcs)
※ Coin Payment Date (Private Sale, Pre-Sale): June 18, 2018
3. Private, Pre-sale Participation Benefits
1) 3-months free Bingo Music app voucher
2) 20% off discount on transaction fee for PlanBit listing
3) Free Bingo Music Concert VIP Invitation Ticket (Las Vegas Concert, LA
Concert)
4) Free 2018 Michael Jackson CD Album
4. Crowd Sale/ ICO(TGE)
- ICO(TGE) Event : June 20, 2018 (Scheduled)
- Crowd Sale Period : June 20 ~ July 20, 2018
- Coin Payment Date : End of July
- Listing Date : Late July ~ Early August 2018 (Scheduled)
* PlanBit is planned to be listed on two global trading platform.
5. Bingo Music Launching Event
◇ September 2018 : Preparing for LA Concert
◇ 2018 : Release Michael Jackson’s New Song Exclusively Only in
Bingo Music
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◇ Bingo Music Digital Music Platform
- Beta Opening : Scheduled to be opened on October 2018
- Official Opening : Scheduled to be opened officially February 2019ㄴ
• Road Map
We are doing our best to complete each milestone of the BMC roadmap. In
addition to maintaining openness and transparency of our communication
channels, we are planning to also provide an up-to-date information on our
progress through developing the newsletters and SNS.
1. Opening Schedule Summary
• BETA Opening on October 2018
• Official Opening on February 2019
• LA Concert Preparation on September 2018
• Michael Jackson New Single Exclusive Release on 2018
2. Road Map
2018. 3
BINGO MUSIC COIN Private Sale
BINGO MUSIC COIN Core Development and Enhancement
BINGO MUSIC COIN Wallet Beta Test
2018. 4
BINGO MUSIC Digital Music Service Platform Establishment Start
2018. 5
BINGO MUSIC COIN Core Test Bed
BINGO MUSIC COIN Pre-Sale
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2018. 4
2018. 6
BINGO MUSIC COIN TGE
2018. 9
World Music Festival LA Concert in Celebration of Bingo Music Platform
Launching
2018. 10
BINGO MUSIC COIN Beta Opening
2019. 2
BINGO MUSIC COIN Official Opening
• Intended Use of Funds
Intended Use of Funds in Bingo Music is as follows:
1. Marketing Costs: 30%
2. Operational Costs: 30%
3. Research Development & UI/UX Design Costs: 40%
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1. Marketing costs are including, but not limited to:
・BMC Direct Marketing
・BMC PR Marketing
・Agreement with musicians who will participate in BMC
・Marketing Costs for BMC Growth
2. Operating costs are including, but not limited to:
・Preparation for Sales/Operation, Law, State of Emergency (Contingency)
・Audit after exchange
3. Research and Development & UI/UX Design Costs are including, but not
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limited to:
・ Development of BMC Synchro Wallet
・ Development of BMC Transaction Module
・ Promotional Service of BMC Affiliated Stores’ Official Digital Coupon and
Token
・ CRM Service for Targeted Merchants
・ Development of Digital Currency Exchange and Transaction
・ Research and Development for Chart Big Data and Artificial Intelligence
Recommendation Features Improvement
・ UI/UX Design/Development cost
・ Other Development Costs May Occur For BMC Service Enhancement
• BINGO MUSIC COIN MEDIA BOARD
• Technology and Marketing Partnership with Microsoft
Bingo Music Launching, Technology Development MOU signing with KMS-MS
(2018.02.15)
https://m.search.naver.com/search.naver?query=%EB%B9%99%EA%B3%A0%E
B%AE%A4%EC%A7%81&where=m&sm=mob_hty.idx&acq=&acr=&qdt=1
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• Korea Mobile Society Team
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