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WebsiteAcyFinance Launchpad

Altostream (ALTO)

IDO

Altostream is a music streaming platform that uses blockchain technology to facilitate payments from users directly to the creators.

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Overview

Project industryArt & Music
Product typePlatform
FoundedNigeria
WhitepaperAltostream White Paper Open

What is Altostream

Altostream will leverage the authenticated, transparently accounted power of blockchain smart contracts to fairly reward value to Creators, Curators, and the Community on the platform via top blockchain networks.

Altostream has unique identifiers for contributors, infrastructure providers, app developers, and validators, including listeners and artists, allowing any music content platform to adopt the same usage to properly identify and record contributions made by stakeholders.

ALTO tokens, reward Creators for sharing their music on the platform, Curators for sharing and promoting the Creators’ music, and the Community of music fans for engaging with Creators and Curators.

Altostream’s listener base will:

  • Pay a standard fee by listening to unlimited streaming of songs.
  • Their fee gets converted to tokens on Altostream’s backend.
  • Tokens are proportionally rewarded to Altostream creators and curators.

Details

IDO (AcyFinance Launchpad): Jun 16, 2022 - Jun 18, 2022
Pre-sale token supply: 7,895,000 ALTO
Token supply: 1,000,000,000 ALTO
Total tokens for sale: 250,000,000 ALTO

Legal

Registration country: United States
Registration year: 2019

Token info

Ticker: ALTO
Type: Utility-token
Token price in USD: 1 ALTO = 0,019 USD
Accepted currencies: USDT
Token distribution:
0,57% - Seed Investment
5% - Ecosystem Partners
7,5% - Strategic Investors
12,5% - Public IDO
17,5% - Team
2,5% - Advisors
8,93% - Foundation
17,5% - Exchange Liquidity
5% - Grants/Dev Endowment
6% - Partnerships
1% - Bug Bounty
6% - Community Rewards/Airdrops
10% - Artist/Curator Bonuses

Altostream Roadmap

1
Q4 2019
  • Seed Round
  • Landing page
  • Hire initial 5 engineers
  • Altostream Platform
  • Underlying Altostream sofrware, storage system, and API
2
Q1 2020
  • Complete MVP and begin trials with early artists.
3
Q2 2020
  • Altostream Web-V1
  • End-user web application, developer documentation site, and website launch.
4
Q3 2020
  • Altostream IOS & Android-V1
  • End-user mobile application for listeners
5
Q1 2021
  • Private Beta Launch
  • Altostream Testnet
  • Launch Smartcontract on Blockchain Testnen, Web Wallet
6
Q2 2021
  • Altostream BetaLaunch
  • OnBoard first 500 wallet users
7
Q3 2021
  • Raise Funds,through VC, Presale, and ICO
  • Altostream Mainnet
  • Launch Artist Service on Blockchain Mainnet
8
Q4 2021
  • Altostream Web-V2
  • Star contract management for Label and Artist via CMS
9
Q1 2022
  • Altostream Developer Tools
  • Client API's and SDK's to allow developers to interface with the platform
10
Q2 2022
  • Altostream Blockchain-Based CDN
  • Research on Blockchain-powered Content Delivery Network (BDN)

Project team

Segun Komolafe
Segun Komolafe
Founder and CEO
Taiwo (Joshua) Akereja
Taiwo (Joshua) Akereja
Growth Lead
Taiwo (Joshua) Akereja linkedin
Baraebibai Ekpebu
Baraebibai Ekpebu
Legal Director
Baraebibai Ekpebu linkedin
Jeremiah Olayiwola
Jeremiah Olayiwola
Frontend Developer & Javascript Engineer
Jeremiah Olayiwola linkedin

Social media

Altostream web-siteAltostream MediumAltostreamYouTubeAltostream TelegramAltostream InstagramAltostream LinkedInAltostream TwitterAltostream FacebookAltostream Github

MVP

MVP URL

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