K-Tune

K-Tune is a blockchain-based platform for global music producers focusing on K-pop. The platform is a community for musicians from around the globe to collaborate and truthfully express themselves. K-Tune aims to become a medium for all artists around the globe to trade their talent and content for financial gains. K-Tune allows professional and amateur musicians to write songs and trade them. 

According to the whitepaper, K-Tune founders have realized that the entry barrier is relatively high for all the artists who want to jump into the K-pop scene. Here are the following obstacles and their solutions offered by the K-Tune ecosystem: 

K-Tune masters are renowned producers affiliated with K-Tune who have written popular songs for K-pop artists. K-Tune masters are available for users looking for professional help and guidance in the process of songwriting and music-making process.

Camp is a public platform where K-Tune users can find partners and collaborate with other users. After the collaboration, the selected partner receives a reward and a share of the completed song.

The Arena is a public marketplace where all users can trade their work: track, topline, instrument arrangements, lyrics, and more. The platform also allows users to set their prices and control licensing rights.  Further, to support all these activities on the platform, K-Tune launched its cryptocurrency, the KIT token.

The KTT token is an ERC-20 token of the K-Tune platform and is used as means of transaction for K-Tune users. Users can purchase KTT either directly from the K-Tune platform or via exchanges available on the platform. Token holders can store the KTT tokens in the users’ wallet. KTT is a tradable asset the coins’ owners can use for trading. The platform applies 15% of the transaction fees every time a user withdraws KTT coins to receive traditional currency. K-Tune is entitled to receive 20% of the revenue generated on external platforms such as YouTube from the content uploaded by its users. 

The K-Tune platform is headed by five core members, of which Sean Jong and Jun Kim are the cofounders. Sean Jong is also the CEO of the company, and Jun Kim is designated as the CFO of K-Tune. The platform released its latest whitepaper in January 2022.