ISSUE #1.1: The Genesis & Presale

In this decentralized music revolution, we hope to flip the traditional record label model on its head—putting control in the hands of deGens, deFans, and deInvestors. Through smart contracts, you’re not just backing an artist; you’re buying a tangible stake in their success, and most importantly letting the artist define their record terms in their favor through a smart contract. Welcome to the new way to fund emerging talent—on-chain and fully transparent.

In the inaugural presale of shares, deGens, fans, and investors will have the opportunity to mint shares, recorded transparently on the blockchain. This isn’t your typical NFT or token sale. When you sign the mintShare function on the smart contract, you’re buying shares on-chain connected to actual revenue streams, all based on the artist’s performance.

Proceeds from the presale will be allocated as follows:

• Development and infrastructure fees: Development cost for a porfolio management interface for shareholders & other smart contracts, gamification campaigns, server hosting, API quotas, and other essential operational costs.
• Studio production: Crafting high-quality singles before the album completion (longer than an EP).
• Legal fees: Covering intellectual property protection to ensure the artist's master recordings & licensings, and other assets are safeguarded.
• Promotion and logistics: Ensuring the artist reaches a wider audience.
• Miscellaneous costs.

While on-chain transparency is a fundamental pillar of this project, we believe it alone is not enough. True transparency requires accountability not just in the blockchain operations but also in how we handle everyday communication and transactions outside the blockchain. To ensure shareholders are kept in the loop and no deals bypass their scrutiny, we are going to implement several measures after/before the presale to bolster transparency and trust:

• Programmatic Monitoring of Communication: Every message sent via/to our contact form and domain email will be programmatically monitored. Through IMAP/SMTP integration, all correspondence will be broadcasted in real-time to a dedicated "contact dump" channel on our official Discord server. This way, stakeholders can observe all communication channels and be assured that no deals or critical updates are happening behind closed doors.
• Private Source Code Repository (GitHub Invite-Only): The source code of our website—including the merch store, contact form, whitepaper, and other critical pages—will be made available through a private GitHub repository, accessible via invite-only to shareholders. This way, shareholders can review, audit, and monitor the codebase for any changes that could affect transparency or integrity. While it won't be publicly available, this ensures that all stakeholders can track developments and verify that the platform's backend aligns with the project’s promises.
• Built-In Merch Store & Ticketing Platform: We will not rely on third-party platforms for merchandise sales or ticketing. Both the merch store and ticketing system will be built directly on our website, ensuring that every transaction is broadcasted to a dedicated "cha-ching" channel on our Discord server. Shareholders will be able to view sales data in real-time, ensuring transparency and accountability for all transactions without the need for external platforms.
• Monthly Stream Revenue Audits: To maintain transparency with streaming revenue, we will conduct monthly audits, showing exactly how much revenue has been generated and how it is being distributed to shareholders. These audits will be shared openly with all stakeholders, so they can verify that the revenue pools are being handled appropriately, with no hidden fees or undisclosed deductions.

Shares revenue will be distributed annually in stablecoins (USDC/USDT on the Polygon chain) to the mapped addresses of our shareholders.

We want to show the world what we've been listening to; the countless artists who have shaped our psyche with their soul-throbbing sounds. Now, we’re giving it back—through the unbridled artistry pulsing in our veins and soul. We're carving a path, and template for indie artists, who create in the shadows, to break free from the chains of obscurity & conformity to find empowerment on-chain, through our collective success story.

Thanks for reading, you can own a piece of pie below.