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How to Stake BitSong
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BitSong (BTSG) is not tradable on Coinbase.
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
BitSong Price (BTSG)
Market stats
BitSong is on the decline this week. ↘
The price of BitSong has increased by 0.08% in the last hour and increased by 1.94% in the past 24 hours. BitSong’s price has also fallen by 19.90% in the past week. The current price is $0.0120 per BTSG with a 24-hour trading volume of $3.42K. Currently, BitSong is valued at 99.93% below its all time high of $16.60. 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 120,487,568.132.
Overall
Data is sourced from CoinMarketCap, CoinGecko and other third parties. We make no representation on the accuracy of the data provided. Learn more
Market cap
$1.4M
Volume (24h)
$3,419.50
Circulating
120.5M BTSG
All time high
$16.60
Price change
1 hour
↗ 0.08%
1 day
↗ 1.94%
1 week
↘ 19.9%
2 weeks
↘ 21.5%
1 month
↘ 39.18%
1 year
↗ 23.05%
1 year benchmarks
Performance
↗ 24.9%
Vs. Market
↘ 40.27%
Vs. BTC
↘ 44.79%
Vs. ETH
↘ 18.62%
About BitSong
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 USD currency in real-time. Get the live price of BitSong on Coinbase.
The current market cap of BitSong is $1.44M. A high market cap implies that the asset is highly valued by the market.
The all-time high of BitSong is $16.60. 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 $3.42K.
Assets that have a similar market cap to BitSong include WigoSwap, LEMONCHAIN, Lido for Solana, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BitSong is 120 million.
BitSong Price History
Date | Price | Change |
|---|---|---|
Today (December 25, 2024) | $0.0120 | 1.90% |
24 hours ago (December 24, 2024) | $0.0117 | 1.94% |
1 week ago (December 18, 2024) | $0.0149 | -19.90% |
1 month ago (November 25, 2024) | $0.0197 | -39.18% |
1 year ago | $0.0096 | 23.05% |
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