Music is the one thing that truly connects us all. Regardless of who we are and where we come from music gives us profound comfort, enthusiasm and very often gives us the strength we need to be who we want to be and do what we want to do.
As technology progresses, the way people enjoy music, share it and support the creators has evolved dramatically. However, since the utilization of the internet and algorithms that help people find more music of their taste little has changed.
This is where Centaurify comes in! We will utilize blockchain technology to provide a myriad of benefits to both music creators and music consumers. Our technology will not only make the music and performing industry more efficient, but it will also create the perfect conditions for a revolution within the industry. This revolution has the potential to take the power from predatory corporations & labels and bring it back to the music creators.
That is our goal and mission, and we plan to achieve it with the help of the platform that we created.
The platform
The platform will utilize a concept called Non-fungible tokens (NFTs) which will enable music artists and event organizers to efficiently organize events without the need of expensive ticketing services. The NFT technology will also be utilized to open up completely new avenues for artists to gain revenue.
Both will be achieved by simply issuing tickets, albums or collectibles as NFTs—available for purchase on the platform, which then becomes unique “on-chain” assets that can easily be verified for authenticity. The authenticity can be reviewed by the owners themselves, at any time in a very simple manner. This replaces the standard approach where tickets or collectibles are physical objects that can be faked. NFTs are impossible to duplicate or fake—and that is the wondrous achievement of blockchain technology. The technology is always accessible, fully transparent and fully fraud-proof!
The platform will offer ease of ticket and collectible purchase and resale—with extremely low transaction fees, through the Centaurify marketplace that is seamlessly integrated within the Centaurify app. This means that reselling tickets will become the most hassle-free experience you could imagine!
The app, which is essentially the platform will also have an integrated fiat on-ramp through which users will be able to buy the platform’s token $CENT. CENT tokens will be used to participate in the Centaurify ecosystem and to purchase tickets, albums, collectibles and more.
Staking of the CENT token will also be possible and it will enable stakers exclusive access to pre-sales and NFT collections, as well as exclusive offers that non-stakers will not be able to access. Stakers will also receive a portion of the platform fees!
Stakers are not the only ones to benefit from transactions on the platform; a small portion of each transaction will be diverted for platform operations, marketing, LP pool that will provide price stability, and token burning. The aforementioned token redistribution will ensure the long-term prospect of the Centaurify project. All the while, artists will receive royalties on each NFT ticket resale! Let us dive deeper into this technological achievement.
The technology
The blockchain technology offers even more utility that will empower music creators, performers and consumers! The secondary market of tickets is the same size in value as the ticketing industry itself, this means that artists and event organizers lose out on a huge potential increase in their revenue. Centaurify will solve this problem in a simple fashion.
By choosing Cardano as its technological foundation, the simple but effective Cardano smart contracts will enable the possibility for artists and event organizers to program into the tickets a royalty system that will generate revenue every time a ticket is resold. Another utility of programmable tickets is that the reselling price can be limited to a specific number. This means that anyone seeking to gain immense profit by buying out tickets to highly sought-after events—in order to sell them at exorbitant prices, will no longer be able to do so as the maximal price of tickets will have the possibility of being ‘capped’.
The best part about this concept is the utilization will be super simple and a matter of filling in boxes and checking checkboxes within the platform when issuing tickets or collectibles, in other words, no programming knowledge will be required!
The result of all these utilizations of blockchain technology is straightforward scalpers and ticket defrauders will become a thing of the past!
Using Cardano as a foundation ensures that the project is scalable in the long-run, and affordable for the everyday person. It also ensures maximal security that is lacking in blockchains utilizing the Solidity language.
Another wonderful feature of Cardano is its environmental friendliness—which is a consequence of utilizing the Proof of Stake consensus algorithm. Cardano is among the top three most eco-friendly blockchains which mean when you are choosing to use Centaurify, you are choosing to make the planet better, for all of humanity, and all the generations to come.
Vision
Centaurify’s vision is a world where talented music creators have the ability to monetize their talents and passion with ease through the Centaurify platform. We see a world full of possibilities for these creators that have so far been used and abused by corporations and labels. But this abuse and suppression of musical talent for the purposes of lining the pockets of a select minority ends with Centaurify.
With Centaurify, the often frustrating ticketing industry has been reinvented as a decentralized solution powered by smart contracts and bolstered with a myriad of utilities that have been created solely for the benefit of both the creators and the consumers.
With our technology and all these utilities, we intend to create a multi-faceted support system for our music creators because we believe music is what makes the world go round.
Join us if you share our beliefs and see the amazing opportunity that our technology offers!
To learn more about Centaurify visit Centaurify.com
Twitter : https://twitter.com/Centaurify
Telegram : https://t.me/centaurifyofficial
Discord : https://discord.com/invite/v6ZT7Tg72J
Linkedin : https://www.linkedin.com/company/centaurify
Reddit : https://www.reddit.com/r/Centaurify/
