BitChord
BitChord
Token: BCD


Get Paid To Play Guitar

ICO dates
Start date: 2018-04-11
End date:

Registrated in: Panama

Platform: Ethereum
Type: ERC20

PREMIUM ICO

BitChord categories
Entertainment
BitChord token sale
KYC passing required No | Whitelist No | Restriction for countries China, Singapore, Panama, South Korea
Hard cap 110,000,000 BCD
Tokens for sale 67,100,000
Token distribution in ICO
61%
61%
Price 1 BCD = 0.21 USD
Price in PreICO 1 BCD = 0.11 USD
Minimal investment 0.1 ETH
Acceppting ETH
BitChord news, social
BitChord search trends in Google
Random whitepaper excerpts

Page 2 of 22
Legal disclaimer
Potential purchasers of BitChord Tokens (as referred to in this Whitepaper) must carefully consider and
evaluate all risks and uncertainties associated with BitChord, the companies’ operations, the Crowdsale,
and all information presented in this whitepaper and the BitChord business plan, the technical documents
and all information provided on all BitChord associated websites and social media presences.
In case any of these uncertainties, risks or problems develop into actual events, the companies, the
business operations, the financial state of the companies, effect and results of BitChord operations and
material provided with BitChord and BitChord could be materially and adversely affected. In case of one of
these events you might lose part or all of the value of the acquired BitChord Tokens.
This white paper and its contained information shall not be considered legal, financial, business, tax or
investment advice concerning BitChord and its BitChord Tokens and its associ...

Page 3 of 22
Contents
Legal disclaimer............................................................................................................................................. 2
Background ................................................................................................................................................... 4
Who’s behind BitChord
................................................................................................................................. 4
What makes us different............................................................................................................................... 5
The Music Industry in a Nutshell .................................................................................................................. 6
A matter of survival..................................................................................................................................... 13
What is BitChord ............................................................

Page 4 of 22
Background
Blockchain is changing the landscape of the music sector. Guitar players, song writers, singers and
musicians can now interact on a whole new level, but they’re still far from experiencing the full benefits
of blockchain adoption. Yes, we are reaping the rewards of decentralization, but in the digital age
musicians are struggling to make a living more than ever.
JamTrackCentral, Spotify, iTunes, Apple Music and other musical content platforms each take a cut of
revenue before passing any remaining crumbs along to musicians. We leverage blockchain technology to
change how guitar players interact with their user base. Our focus is on bridging the gap between
content creation and distribution by introducing a No-Transaction-Fee (NTF) ecosystem that benefits
both content creators and users.
BitChord is the answer to monetizing digital content in a fast, secure, fair and transparent way. We
believe that blockchain and smart contract technology can create the direct channel and ...

What makes us different
Page 5 of 22
BitChord is Connection.
We connect guitar players and users in a way that reaches far beyond a simple download or
sale. Through our marketplace, unique experiences and offerings come to life: from original
video performances, guitar lessons and tutorials to backing tracks, tabs and sheet music
guitar players want to sell directly to their fan base.
BitChord is Freedom.
We provide a way for users to experience music and the creative process by giving guitar
players a platform that allows them to directly connect and engage with their fans. Giving
back is something we strongly believe in, which is why we encourage and incentivize all users
on our platform to rate the content guitar players upload as well as tip them with tokens for a
job well done.
BitChord is Community.
We are a community of people coming together to play guitar and users looking for quality
content, who believe there is a better way to experience music, share the unique rela...

Page 6 of 22
The Music Industry in a Nutshell
The digital music revolution started with Napster

a pioneering P2P service, which set the road for new
digital distribution giants such as Spotify, iTunes, Apple Music and others which have flourished using
similar concepts. The rise of affordable recording hardware and software spawned countless garage and
basement studios worldwide and gave creative outlet to hundreds of thousands of new independent
musicians who could now record and sell their works at the click of a button. The Internet should have
been a godsend to independent musicians and creators of replicable works right? There were two very
logical reasons for that:
1. Independent creators traditionally faced difficulties with distribution and promotion, which in the
past meant the need to deal with publishers (and all associated creative and financial trade-offs).
The Internet enabled even the smallest business to reach a potentially global consumer base.
2. Creative works...

Page 7 of 22
Channels and cost of distribution
. The majority of critical issues facing the music industry
today stem from a few sources, but distribution channels for original content remain a key
problem. More importantly, a large portion of
the creators’
earnings are being withheld by the
platforms that host the content. Also there is limited artist visibility. The leading streaming
music companies

YouTube, Spotify, SoundCloud, Amazon Music, iTunes, and others

have
been routinely accused of treating artists poorly through duplicitous contract structures and
low payments. All of that has created a low-trust environment. Compounding the problem is
the fact that streaming services like Spotify offer very little reliable guidance on their payout
structures. They have even been accused of deliberately creating payout structures that are
too complicated as well as over-stating their pay-per-stream payouts, based on discrepancies
exposed by actu...

Page 13 of 22
Those and many other less significant factors contributed to the result of the endgame - those artists
who had dreams of earning big by selling their music and content on the internet had to scale down
their expectations to more realistic goals. How about earning a decent average wage?
Turns out that’s
not realistic either. How about earning minimum wage - that should be fairly easy, right? After all, it
takes almost no skill to start flipping burgers at a major fast food company, while learning to play an
instrument, learning at least some songwriting, composition, computer music recording and production

realistically, takes a minimum of a few years of hard work no different than obtaining a college degree.
Unfortunately, statistics show that artists earning even minimum wage selling their music related
content online is becoming the exception not the rule.
A matter of survival
Guitar players currently lack a centralized hub online that is a default for music fans, tha...

Page 14 of 22
poverty line for a single person ($10,830

source: U.S Department of Health and Human Services), but
under it for two ($14,570

source: ibid.). In other words: make sure your partner has a job.
Now that we have our benchmark minimum earnings level, we can check just how much we would have
to sell of each of these products in order to earn these amounts. Note the additional assumptions that
there is a single guitar player (a self-recording solo artist) and that their costs of recording the material
are zero.

In the case of Amazon and iTunes single-track downloads, 1,813 units must be sold monthly;
21,750 units a year.

For CD Baby full album downloads (under the new commission rates), the numbers are: 155
units a month; 1,859 units a year

For eMusic single-track downloads, at the rates reported for Q3 2009: 3,392 downloads a
month; 40,941 a year.

With Rhapsody streams, you’ll need 127,473 stre...

BitChord Roadmap

1
Q2 2018
Main token sale
2
Q3 2018
Launch of the BitChord platform
3
Q3 2018
Launch of the BitChord platform&marketplace. Affiliate marketing program rollout
4
Q4 2018
Develop partnerships & launch of the BitChord mobile app
Galina Mikova
Galina Mikova Technical Writer

Flavia Messinese
Flavia Messinese Social Media Contributor

Mykola Vdovychenko
Mykola Vdovychenko Legal Consultant

Ignazio Di Salvo
Advisor Ignazio Di Salvo Content Advisor

Svilen Mikov
Advisor Svilen Mikov Content Advisor

James Sowers
Advisor James Sowers Blockchain Advisor

Galina Mikova
Galina Mikova
Technical Writer
Super Supervisor and Creative Magical Hand for the Team
White paper Writer
Head of content
Head of content
Head of content
James Sowers
James Sowers
Blockchain Advisor
ICO Advisor
Sale Advisor
Blockchain adviser
ICO Advisor
Advisor
Mykola Vdovychenko
Mykola Vdovychenko
Legal Consultant
In-house Councel for IT, Cyber, Digital, Privacy, Contract, Business & General Law / Legal Counsel
Legal Consultant
Legal Expert
Legal Advisor