LabelsCoin

Upik05

Introduction

LabelsCoin blockchain is built on top of a copyright matching engine that will verify the status of a music against it license model, infringement, plagiarisms, redistribution rights and means.

A universal Coin: the LABELSCOIN, LBSC is the fuels that will power all services that LABELS blockchain provides. We are already in talks with Copyright Collection Societies, Artists, Labels, physical and digital venues to make LBSC the preferred Coin for their upcoming music services, as they migrate to decentralized platforms. We envision LBSC will be used by the upcoming Music industry for various purposes including payment to authors, automatic audience monitoring etc.

LabelsCoin Establishment’s vision and future business model and strategy are made up of three components: a digital currency, an online music recognition system providing real time royalties to music stakeholders and a patented industrial device.

The end goal: LabelsCoin is building a solid, global music utility – an advanced blockchain the entire Music industry will use to create advantage, where all stakeholders can participate in a transparent and fair way.

The Company

LabelsCoin is a project initiated by the Lichtenstein registered company LabelsCoin Establishment (Anstalt, FL-0002.585.337-7; Kirchstrasse 39, Vaduz, FL, Labelscoin.io).The company founder is Serena Spada (Ceo & Founder, inventor and head CTO), surrounded by her team composed of Gregory Krieger (CCO) and Sébastien Metthez (CTO).

It provides next-generation royalties management services powered by our blockchain technology. We are focused on our mission to make the music industry fair and transparent to everyone.

SOLUTION

The blockchain based engine would provide the following benefits to the all stakeholders involved in the music value chain.

• Immutability: once created, the copyright blockchain representation cannot be deleted yet ownership can be transmitted

• Transparency: owners and fees are transparent

• Automation: a copyrighted item can be checked manually or integrated into the automation process and it provides a real time payment on royalties

Feature

Pay for what you use
Plan ahead your usage
Know where your payment goes
Integrate with external tools such as automatic speech recognition
Create new copyrighted songs
Owner management Royalty redistribution under control
Analytics about your song
Fair payment policy across all channels
Handle litigation and verify compliance
View statistics
Transparently collect fees directly and at minimum cost

Technical Information

REAL TIME SETTLEMENT OF ROYALTIES BASED ON USAGE

FLEXIBILITY OF CONTRACT CHARACTERISTICS

SECURE SINCE A COPYRIGHT CONTRACT CANNOT BE ALTERED

GLOBALLY AVAILABLE

Licenses engine

Each song is uniquely identified at the creation and provided with a set of attributes and functions providing information on the owners, license types, royalty fees etc. The contracts attached to each songs are stored on the our blockchain and can be accessed by the users with proper access rights.

It is important to note that the songs are not stored, only the identification of a song. The songs are stored by Copyright Collection Societies or existing digital, accessible databases.

Payment engine

In order to transparently redistribute royalties from the user (or listener) to the owners and intermediaries, a coin “routing” engine is developed. The engine verifies at users request the type of license a song is attached to and the corresponding fee distribution and can trigger the payment. The payment is instantaneous and credited to the owners wallet and collection societies.

LABELSCOIN WALLET

LABELSCOIN will enable transfer of Tokens via the LABELSCOIN Wallet. Every platform user can choose between different blockchain assets as a source of payment within the LABELSCOIN Wallet. Further, the user can conveniently convert a wide range of blockchain assets such as Bitcoin (BTC), Ethereum (ETH), from one to another by simply using his personal LABELSCOIN Wallet. LABELSCOIN application facilitates the storage of the easy management of royalties portfolios, simple transfers of funds between peers, and a multitude of other functionalities.

The LABELSCOIN Wallet plays a central role in the LABELSCOIN ecosystem. It serves as a secure wallet (cold storage) 3 for its users which allows to deposit and exchange cryptocurrencies as well as a solution to pay for music royalties. Moreover, the wallet will be connected to the leading crypto-exchanges.

KYC/AML

In order to comply with all applicable regulations concerning anti-money laundering, we will apply the KYC service on our website.

• Sanction Screening

• Device Risk

• AML Check

• IP Risk/ Country Blacklisting

• eDNA reputation

• Phone Number Risk

• Email Address Risk

• Address Risk

• ID Documentation and Verification

ICO details

General information

Token: Lbsc

Platform: Ethereum

Standard: ERC20

Quantity: 30’000’000 LBSC

Price: 1 LBSC = 0.0001515 BTC

Payment: BTC, ETH

KYC: There is

PreICO

Quantity: 5’500’000 LBSC

Start: 07.09.2018

Completion: 10/07/2018

ICO

Quantity: 20’000’000 LBSC

Start: 10/31/2018

Completion: 12/31/2018

Accepted nationalities

Every nationality except: United States or Singapore, People’s Republic of China, or

residents of a country where American embargoes and sanctions are in forces, namely Iran, North Korea, Syria, Sudan or Cuba. More information in our Terms of Token Sale

Token Exchanges

As a Liechtenstein listed company, with a strong expected market cap, we plan to be listed amongst the largest crypto exchanges, such as Poloniex, Kraken and others.

The distribution officially ends on 31.12.2018 (23:59 CET) At this point of time the sale and purchase agreement on the LBSC tokens entered into between the token subscribers and the token distributor will become legally effective and binding. After this no further tokens will be distributed. There will be no further tokens created and after the hard cap is reached and the total amount of 30’000’000 LBSC will not be exceeded. All unsold tokens will be burned .

ROADMAP

November 2017

End of market research, white paper 0.1 version, legal advice, build a team.

March 2018

LabelsCoin website and LBSC token creation, update white paper 0.2.

April 2018

Patent the device and first meeting with Financial Market Authority of Liechtenstein, update white paper 0.3.

June 2018

Genesis of LabelsCoin blockchain: genesis block creation, update white paper 0.4.

June 2018

Development of LabelsCoin blockchain, meet up conference Montreux Palace (Switzerland) press conference in Venafro, Italy.

July 2018

Legal advice of LBSC token, LabelsCoin officially International Trademark.

August 2018

Second meeting with Financial Market Authority of Liechtenstein, incorporation of KYC in our website, development of blockchain, meet up with Swiss Cyber Security in Geneva, Switzerland.

September 2018

PRE-ICO: 33.4% of the token will be on pre-sale to determine the price of the ICO.

November 2018

INITIAL COIN OFFERING, the 40% of tokens will be distributed.

December 2018

End of ICO.

January 2019

Finalization of the blockchain services.

February 2019

Device production.

June 2019

Go-live with blockchain services – Marketing campaign.