[STAYGE] #2. STAYGE ICO Whitepaper Summary
stayge·@stayge·
0.000 HBD[STAYGE] #2. STAYGE ICO Whitepaper Summary
STAYGE One unveiled the ICO Whitepaper. We’ve summarized the white paper, which covers 32 pages of technical contents and operation details for general investors to easily understand. we recommend you read a full whitepaper to get more detailed and objective information. ✔️ Full Whitepaper: goo.gl/zWgPXt ✔️ Homepage: www.stayge.io  １. STAYGE One - Established STAYGE Labs Inc. in 2016 - Established STAYGE One Foundation for ICO project in 2018 - Provides Musician-Fan community platform based on the artist network in the entertainment industry and IT technology. - ‘STAYGE Network’ — a blockchain network for Artist-Fan ecosystem to be released. ２. Issues in the Entertainment Market  - Absence of Rewards System for Fans The fandom who contributes to the increased popularity of artists is not rewarded. - Fragmented Services Difficult to collect data due to the fragmented services which fans use. - Lack of Sustainable Fan Marketing Tools The lack of sustainable and scalable marketing tools makes difficult to encourage fans’ participation. - Difficulty in Stable Fundraising The entertainment industry cannot get away from the “high risk-high return” structure → The fragmented data of fandom is not helpful. ３. Mission - Building a sustainable Network where Artists-Fans-Stakeholders can co-exist based on the motivated fan communities.  ４. Value of STAYGE Network - Fair Rewards System for Fans’ Contributions In STAYGE Network. all fan activities are recorded in the blockchain. Value creation activities will be reward via cryptocurrencies. - Interconnection of Services via Cryptocurrency Fans’ contribution can be recognized through specific figures in the communities.Artists can easily identify and use the scale of fandom, fans’ loyalty and data in their activities. - Data utilization / Improvement of Production Environment Increased utilization of data → decrease in risk → rational decisions based on data enables more sophisticated crowdfunding ５. STAYGE Economic System  - STG Key currency in the Network Can be purchased on exchanges －Issuance : Initially 10 billion, Any additional issuance is to be decided after comparing the amounts of STG and ACT issuance. －Acquisition : purchase STG at coin exchange or receive it as rewards for contributions. －Usage : ① Converting to ACT and joining a community ② Making payments to artists ③ Community activities or purchasing goods that involve multiple artists - ACT Rewards according to contribution Issued by each community －ACT Issuance ↑: according to Fan activities ↑, Fandom size ↓, STG price ↓ －Acquisition : Reward for community activities according to their contribution －Usage: ① The right to speak and make decisions within the fan community. ② Purchase artists’ official albums, goods, digital contents, tickets. ６. Applications and Service Examples - Fan Communities A fan or an artist can make a request to create a community in the network → Voting to create of community Step-by-step activation process All fans’ activities are recorded in the blockchain and artists can utilize it. - Goods Market - Ticketing Service - Fan-driven Crowdfunding - Business Platform ７. Plan - Expansion plan Initially focuses on Musicians → expanded in to a variety of genres (actors, entertainers, sports stars, influence. etc) → expanded to include brands and fandom of characters. - Token sales events － Token Name: STAYGE(STG) － Total Issuance: 10,000,000,000 units － Token Sales Quantity: 5,000,000,000 units － Accepted: ETH, ICX － Token : 1 STG = 0.00001 ETH / 1 ETH = 100,000 STG － Presale schedule: Will be scheduled in June － Pre-sale Tokens Available: 1,500,000,000 STG － Benefits: Additional 15–30% of the purchased STG  official homepage👉www.stayge.io Telegram Notice 👉 t.me/stg_notice Telegram Community(EN) 👉 t.me/stg_en FAQ or QnA 👉 goo.gl/AMCyAv