About BitSong
BitSong is a distributed (open source) blockchain music ecosystem born in December 2017, to create a decentralized and trustless hub that interconnects the various market players. Our mission is to decentralize the music sector by simplifying the bureaucracy as much as possible in order to offer artists a meritocratic, transparent, fast and intermediary-free earning model and users a new way to listen to music and earn money. BitSong is not a streaming platform but a real decentralized ecosystem of services and an active community of artists, music providers and fans (listeners) that aims to become the only point of reference within the digital music market.
Trading Insights
Searched
1
Market Stats
Market Cap
£322.61K
3.13%
FDV
£484.54K
Circ. Supply
120M BTSG
Max Supply
Not enough data
Total Supply
181M BTSG
Diluted Valuation
£327.97K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
£153.77
-60.58%
Volume (7D)
£1.11K
Volume (30D)
£4.79K
All time high
£12.37
Price Change (1Y)
-91.43%
Past performance is not a reliable indicator of future results. Learn more about asset risks.
Additional details
Recent trends
The price of BitSong has decreased by 0.01% in the last hour and increased by 3.05% in the past 24 hours. BitSong’s price has also risen by 31.99% in the past week. The current price is £0.0027 per BTSG with a 24-hour trading volume of £153.77. Currently, BitSong is valued at 99.98% below its all time high of £12.37. This all-time high was the highest price paid for BitSong since its launch.
The current circulating supply of BitSong is 120,487,568.132 BTSG which means that BitSong has as total market cap of £322,610.27.
Market details
BTSG vs markets
↘ 94.75%
BTSG vs BTC
↘ 95.38%
BTSG vs ETH
↘ 91.42%
Tags
music
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x05079687D35b93538cbd59fe5596380cae9054A9 | |
Cosmos | IBC/4E5444C35610CC76FC94E7F7886B93121175C28262DDFDDE6F84E82BF2425452 | |
Osmosis | ibc/4E5444C35610CC76FC94E7F7886B93121175C28262DDFDDE6F84E82BF2425452 |
Price history
Time | Price | Change |
|---|---|---|
Today | £0.0027 | ↗ 3.05% |
1 Day | £0.0026 | ↗ 3.05% |
1 Week | £0.0020 | ↗ 31.99% |
1 Month | £0.0023 | ↗ 15.52% |
1 Year | £0.0324 | ↘ 91.43% |
Past performance is not a reliable indicator of future results. Learn more about asset risks.
FAQ
BitSong is an open source, distributed, and permissionless music platform built on blockchain technology. The platform aims to establish a decentralized forum for connecting various music industry players. According to the whitepaper of BitSong, the platform is not merely a streaming platform; instead, the platform is a decentralized system of services offered by music providers, fans, traders, and artists.
The whitepaper states that the music industry is witnessing complexities of bureaucratic and economic issues. The industry is characterized by excessive intermediation and non-transparent business models that are disadvantageous for artists. Royalty distribution methods of the music industry are complex, unfair, and inefficient. Such an inefficient system results in more royalty allocation to the intermediaries while artists and musicians receive a trivial amount. Thus, BitSong aims to enable musicians and artists to upload their musical work on the platform independently or through music providers and earn through their work.
BitSong seeks to offer an NFT Marketplace to the users whereby they can purchase, sell, and collect NFTs of their preferred artists while still earning. The platform also enables the fans to obtain exclusive merch and rare items from their favorite artists. Additionally, the users can vote and be a part of the platform's decision-making process.
BTSG is the native token of the BitSong platform. The platform aims to utilize BTSG as a governance token to enable the token holders to vote on blocks and improvement proposals. The voting power on improvement proposals is determined by the amount of BTSGs staked and the duration of staking. The whitepaper states that BTSG is utilized for paying fees and for exchanges between artists and fans, traders, and music providers.
BitSong is based on the Delegated proof of stake (DPoS) consensus mechanism. The DPoS consists of two parts: the election process and production planning. The election process aims to control the BTGS holders through a democratic system. The production planning system enables the voters to detect malice in the voting system.
BitSong was founded in December 2017 by Angelo Recca, who is also the CTO. Iulian Anghelin is the cofounder and general manager of the platform. Andrea Della Balda is the CEO of BitSong.
We update our BitSong to GBP currency in real-time. Get the live price of BitSong on Coinbase.
The current market cap of BitSong is £322.61K. A high market cap implies that the asset is highly valued by the market.
The all-time high of BitSong is £12.37. This all-time high is highest price paid for BitSong since it was launched.
Over the last 24 hours, the trading volume of BitSong is £153.77.
Assets that have a similar market cap to BitSong include Summer, Neiro Pump, MAGA PEPE (SOL), and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BitSong is 120 million.
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Legal
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