Latest Music Act to Launch a Social Token: Portugal. The Man – CoinDesk

CoinDesk

The band behind that “rebel just for kicks” song is doing a social token with Rally.

Portugal. The Man joins Christian vocal trio Selah on Rally’s “Creator Coin” platform. Competing platform Fyooz has also made headlines in recent weeks with the addition of tokens from rappers Lil Yachty and Lil Pump.

The Portland rock band’s PTM Coin represents the latest effort to tokenize fan engagement. Bands who can’t tour due to COVID-19 restrictions are turning to a crop of crypto startups to offer exclusive perks to fans willing to fork over fiat in support of their favorite artists.

How To Get Free Crypto  

“We want some kind of special level for our really hardcore fans,” bass player Zach Carothers told CoinDesk in an interview. “Since about 2017, we’ve been looking into something like this and just toying with the idea. And I think this forced downtime that we’ve been having has kind of given us the time to explore other options.”

Benefits include the launch of an audio archive for token holders featuring unreleased music as well as the ability to tune into exclusive live-streams. The band has also spun up a Discord server where much of the token activity will occur. The token goes live today, starting around $1 and fluctuating “based on the bonding curve and market demand following launch,” Rally co-founder Mahesh Vellanki said in a message.

Disclosure

Go to Source
Author: Zack Seward


Recommended Crypto Services, Products and Strategies:

The first thing any crypto investor needs is is a reliable and secure Crypto Wallet.  Whether you’re looking for an online wallet, hardware wallet, desktop or mobile wallet, Crypto Renegade provides you with all the Best Crypto Wallets in each category.

Best Crypto Wallets Banner

When you’re ready to buy more crypto, or exchange your coins for others, Crypto Renegade’s list of the Best Crypto Exchanges has you covered.  The Crypto Exchanges recommended here offer everything from simplicity and convenience to advanced trading platforms and profit sharing. 

Best Crypto Exchanges Banner

If you want to learn more about the methods and tools that can be used to find Great Crypto Projects, then be sure to check out Crypto Renegade’s strategy for How To Find The Best Cryptocurrency.

Crypto Strategy Banner

For those people that don’t have any money to invest right now, or just want to understand the technology a bit more, you’ll definitely want to check out Crypto Renegade’s Free Crypto Strategy and start collecting Free Coins today!

Free Crypto Banner

What do you think about cryptocurrency? Do you have any questions about it? Be sure to leave a comment below.

This site uses Akismet to reduce spam. Learn how your comment data is processed.