openjam - github · openjam white paper v.0.9.0 written and prepared by: philippe matray stanislas...
TRANSCRIPT
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OpenJamWHITE PAPERv.0.9.0
Written and prepared by:Philippe MATRAY
Stanislas POINDRELLEDavid SCHMITZSeptembre 2018
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OpenJam, alliance Music, Innovation & Humans 6Music 6Innovation 6Humans 7With community, for community 7
What’s new in V.0.9.0? 8General and preliminary warning 9Executive summary 10
OpenJam, alliance Music, Innovation & Humans 10Key points 10Token metrics & valorisation 11ICO Structure 11
Original goals 12Creation 12Protection 12Remuneration 12Collaboration 12Diversification 12
State of the industry 13Remuneration dimension in brief 13Marketanalysis-digitalflows 15Music market: digital music and record music 15A sustainable market over the long term 16Digital music and emerging countries 17Independent market 18Diversificationofmusicoffering-stateoftheart 19Theartificialintelligenceissueinbrief 20
Problems 22Formusicasawhole 22For the listeners 23For the artists 23
Solutions 24Formusicasawhole 24Forthelisteners 24Fortheartists 25
CONTENTS
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Products 26OpenJam Player 27Some possible key features 27For professionals in the sector 28But also for platform users 28OpenJamMusicDB 29OpenJam Tip 30OpenJam Studio 31Indeed OpenJam Studio is... 31Traction 32Architecture of musical projects 33log-ion 34
Roadmap 354.5YearsRoadmap 35
Ecosystem 36Relationbetweenartists,listeners,andOpenJam 36Source of income Trade place 37
Rely on OpenJam 37Benefitsofopen-sourcevision 38Sometechnologiesused 39LegalentitiesandMainpartners 41techmedev sàrl 41OpenJam origin team and spirit 41Ragio FG 42What’s Openjam’s futur ? 43
About Ethereum 44Token value 45EarningandspendingJamCoins 45HowwillthevalueofJamCoingrow? 46Decreasing supply 46Increasing demand 46
Token sale 47Inbrief 47Token details 47
CONTENTS
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Crowdsale details 48Attentionpoint 49Privatesale 49Pre-ICO(public) 50ICO(public) 50Tokenrelease 51Contributing rules 51Are you new to the Ethereum Platform? 52Tokensaleanduseofproceedsrepartition 52Token Sale 52Use of funds 53
ICO and project viability warnings 55Business model 57KYC Procedures 58Our team 59Coreteam 59David SCHMITZ 59Philippe MATRAY 59Stanislas POINDRELLE 59
TechMeDev Team 60Amélie JONET 60Antoine BADUEL 60Jean-Etienne BADUEL 60Yves BISINELLA 60
Partnering individuals 61David LEPAUX 61Rémi @Pandhora @Art Vibes 61Amine @Pandhora @Art Vibes 61
Partnering individuals 62Ilse THEUNISSEN 62Quentin MOONEN 62
Specialists & Consultants 62Steve DEGOSSERIE 62Samuel CARDILLO 62
Partner companies 63House of Startups 63
CONTENTS
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Nyuko 63Block0 63Neurochain 63Partnercompanies 64Radio FG 64Pandhora 64Art Vibes Music 64Green Revolver Music 64Outrance 65Nashton Records 65Follow-Mi 65AWS 65Auxiliuris 65
Advisory board 66Yves MALANDRI 66Laura LARUELLE 66Loïc BAR 66Renaud HOYOUX 66Alban AMOUROUX 66
Webography 67Music 67Blockchain 68Technologies 69Ted talks 70
General disclaimer 71Legal disclaimer 73FAQ’s 74
CONTENTS
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1 OpenJam, alliance Music, Innovation & Humans
Music
OpenJamisanewtech-poweredecosystem,developpedtoservemusiccreation,rightsmanagement,remuneration,musicartists...andwillbetomorrowthebestallyofalltheactorsofthemusicindustry.It gives priority to musical creation, enhancement and distribution, also supportedbyacoreforthemanagementofworkflowsandtransactionsnamed«log-ion».
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Innovation
Our distinctive approach is built on three pillars:
acompleteenvironmentformusiccreation,collaborativeworkandoutcomedistribution, integrating the latest advanced IT implements
acorebasedondifferenttechnologiesforflowmanagement(blockchain,cloud,machinelearning...)-«log-ionproject»
anenhancementofhumancreationatalllevelsofourproject
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1 OpenJam, alliance Music, Innovation & Humans
Humans
About music, that means:
creationdrivedbyhumansinharmonywithmoderntools
discover and highlight futur’s talent
About technology: aspowerfulastheymightbe,newtechnologiesdonotyethavethecapacitytoregulateandcreateeverything.Theareaweareconsideringisquitecomplexandsometimesmadeofimportantsubtleties.Torespondtothesespecificities,wewillbuildanetworkofhumanauthorityservedbytechnicalresources.Weplantolaunch,ifnecessary,thefirstmulti-layernetworkintegratinghumansandhigh-technology(ProofofAuthoritymodel).
With community, for community
Webelievethattransparentandopensourceprojectscanchangethings.Weaspiretoestablishmutualtrustwithourcommunity;ourvariousprojectsarehostedonGitHubunderaGPLlicenseandeveryone’sproposalsareencouragedwhetheryouareamusician,label,listenerorjustpassingthrough.OpenJamiscreatedwiththecommunity,forthecommunity.
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What’s new in V.0.9.0?2
Our White Paper has been significantly modified since the last version, for instance:
are-designoftheprojectwiththeintroductionoflog-ion(anddreamofLION-a security/utility token)
theimplementationofabusinessapproachincompliancewiththeinitialproject
the creation of an executive summary
a strengthening of our teams and technologies
newsectionsunderthetopic«stateoftheindustry»haveappeared
a redesign of the products section
an updated roadmap
more readable legal entities
ICO and token data updated
theintroductionofaKYCprogram
Strengtheningthelegalframework
«Webography»updated...
ThenextversionwillbetheV.1.0.0.Thisnewversionwillannouncethelaunchofthefundraisingcampaign. ItwillbeavailablebetweenOctober10thand15th. In thisversion,youwillfindmoredetailsonthetechnologiesthatwillbeselected.TestsareinprogresswithpartnerssuchasNeurochainandBlock0.Wewillannouncethe complete teamthatiscontributingdailyanddirectlytotheproject.Wedon’thaveany ghost advisors!Wewillalsotellyoumoreaboutthepartnershipwearenego-tiatingwithHandicap International (if it succeeds).Youwill learnmoreabout theartistswhoaresupportingtheOpenJamproject...
Youwillfurthermoreknowmoreaboutthelegal framework negotiated for the ICO (andaroundLIONproject):rules,hostState(Luxembourg?Belgium?Estonia?),ob-serverCommissioners,etc...
Finally,wewilltrytointroducethefirstrulesthatwouldallowthecommunitytobephysicallypresentintheprojectlifeandtheprogressofourreflectionsregardingthe possibility of introducing a second security/utility (LION) token, deployed to ensure more stability in trade. TheJAMwouldthenfluctuatewhileLIONwouldremainatafixedprice.TheLIONcouldonlybepurchasedwithJAMorthroughanofficialinstitution.Thisprojectwillneedtobenegotiated.Itwon’tbeanewfundrai-sing event!
If you have any comments, suggestions, please do not hesitate. Propose revisions via GitBook or [email protected]
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3 General and preliminary warning
This draft White Paper is for discussion and pre-information purposes only. The information contained herein is subject to change.Nopartof thisWhitePa-per is legally binding or enforceable, nor is it meant to be,untilithasbeendiscussed,reviewedandrevisedbyfounders,advisorsandcompanylawyers.PleasedonotcopyordisseminateanypartofthisWhitePaperwithoutincludingthisdisclaimer.ThefinalversionofthisWhitePaperwillbepublishedassoonasadopted.Nothing inthis White Paper shall be deemed to constitute a pros-pectus of any sort or a solicitation for investment, nor doesitinanywaypertaintoanofferingorasolicitationofanoffer tobuyany securities inany juridiction.Thisdocument is not composed in accordance with, and isnot subject to, laws or regulations of any jurisdiction,whicharedesignedtoprotect investors.The InitialCoinOffering(hereafter,the“ICO”)projectpresentedbytech-medev sàrl or its subsidiary company, Ibox Team sprl is at the present time, an unregulated fundraising opera-tion. However, these companies will be in compliancewith the rules prescribed by the competent regulatordepending onwhere the ICOwill be issued. Neverthe-less, it poses several risks to buyers, in particular, that of losing all amounts traded for tokens issued by the company(hereafter,theJAM).JAMisutility&exchangetoken(possiblylinkedtoLIONproject).Thishasnotbeenregistered under the US Securities Act, the securities lawsofanystateof theUnitedStatesor thesecuritieslawsofanyothercountry, includingthesecurities lawsof any jurisdiction inwhich a potential token holder isa resident. JAM (LIONproject) cannot be used for anypurposes other than those provided in the White Paper, including but not limited to, any investment, speculative orotherfinancialpurposes.JAM(LIONproject)arenotintendedforsaleoruseinanyjurisdictionwheresaleoruseofdigitaltokensmaybeprohibited.JAM(LIONpro-ject) confersnoother rights in any form, includingbutnotlimitedtoanyownership,distribution(includingbutnotlimitedtoprofit),redemption,liquidation,proprieta-
ry (including all forms of intellectual property), or other financialorlegalrights,otherthanthosespecificallydes-cribedintheWhitePaper.Certainstatements,estimatesandfinancial informationcontained inthisWhitePaperconstitute forward-looking statements or information.Suchforward-lookingstatementsorinformationinvolveknownandunknownrisksanduncertainties,whichmaycause actual events or results to differmaterially fromthe estimates or the results implied or expressed in such forward-looking statements.WhitePaper canbemodi-fied to provide more detailed information.This EnglishlanguageWhite Paper is the primary official source ofinformation about the JAM (LION project) tokens andprojects. The information contained herein may fromtime to time be translated into other languages or used inthecourseofwrittenorverbalcommunicationswithexistingandprospectivecustomers,partnersetc.Inthecourse of such translation or communication some of the information contained herein may be lost, corrupted, or misrepresented. The accuracy of such alternative com-municationscannotbeguaranteed. In theeventofanyconflicts or inconsistencies between such translationsand communications and this official English languageWhite Paper, the provisions of this English language original document shall prevail.You acknowledge andagree that there are risks associated with purchasing,holding,andusingJAM(LIONproject)inconnectionwithcompany’s product, services and platform developed for such products and/or services, as disclosed and ex-plained in this White Paper and in the Terms and Condi-tionwhichwillbeavailableatwww.techmedev.eu/www.openjam.eu. If youhave anyquestions regarding theserisks,[email protected](LIONproject)TOKENS,YOUEXPRESSLYACKNOWLEDGEANDASSUMETHESERISKS.Onlypeoplewhoarefullyawareoftheserisksshouldparticipate intheICO.NotealsothattheICOexcludescertaingroupsofpeople suchas “U.S.Person” (within themeaningof“RegulationS”oftheSecuritiesAct1933underU.S.law).
Read this please !
The legal conditions stated in this White Paper are applicable to everything developed within the OpenJam & log-ion projects, including Minimum Viable Products and Proof of Concepts.
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4 Executive summary
OpenJam, alliance Music, Innovation & Humans
Key points
OpenJam is a newtech-powered ecosystem, developped to servemusic creation,rightsmanagement,remuneration,musicartists...Itofferstotheactorsofthemusicindustry,adematerializedtokentosupportalltheirtransactions.
OpenJam is a European project,subjecttotherulesoftheunion,whichproposesacompleteandinnovativeapproachfocusedonthemusicsector.
Legal structures in existence for about a year in Luxembourg (techmedev sàrl) and Belgium (Ibox Team sprl), public and transparent
A core team fully integrated into the legal structure (shareholder, employee or under contract, partners) - any ghosts!
Pre-developmentproject(business,research,network,partnership,development...)carriedoutwithownfunds
Minimum Viable Product = player + tipping function + PoC Blockchain oriented
Ateamhomogeneouslydistributedonagesandexperiences(IT,media,projectmanagement,bu-siness,music,law...).Wehavealltheskillsonboard,strengthenedbywell-chosenpartnerships
A strong technical team
Confirmed partnerships withrecognizedbrands(announcedbycommunicationteaminSeptember 2018)
KYC and transaction control processes(financialauditor)
Selection and participation to Fit4Start Luxembourg organised by Luxinnovation
Ethics program coached by Handicap International (ongoing negotiation)
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4 Executive summary
Token metrics & valorisationThehard cap for theOpenJamproject is 30M€ (usableby3development steps).Thisnumberistheestimatedbudgetforthedeliveryofthefirstcompletemilestone(OpenJammusicenvironmentandlog-ionflowmanagement,includedAIresearch).Token purchasers can decide to exchange their tokens immediately (private sales purchasers must respect their respective lock up periods) or hold them until the ap-plicationsdevelopedbytheteam(firststepforexample).
With time, contents, partnerships, the value of the token should increase. Through its technical partnership, the OpenJam team will do everything possible to list the token on an exchange platform.
ICO Structure:The circulating supply (post ICO) Jam 585.000.000 max (450mio invests+90mioseed,charity(H.I.)&strategicadvisors+45miopossibleforteamandcompany)
TheTotalSupplyEver(100%ofJam)900.000.000
The softcap EUR 4,5M(forapartlydevelopedproject)
The hardcap EUR 30M
Token Public Price expected shortly after ICO(December,2018)EUR0,1
Emission rate out of discount EUR 0,07
ThetotalamountmadeavailablefortheICOpurchasersis50%ofthetotaltokenallocation.Itissplitinthreeparts,oneperyear’sdevelopment-firstinjanuary2019
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Original goals5
CreationTooffermusicartistsacreativeenvironmentwhichisaccessibletoall,efficientandeasytouse.Promoteco-creation, exchange, mutual support. Allowlessvisibletalentstoshinewithlessmeans.
ProtectionEnsure the protection of rights (copyleft and copyright) through new technologies including blockchain. Be able to deliver indisputable informationincaseofcontestation.
RemunerationOfferbetter and direct remuneration to musicians to help them thrive! Serviceproviderswillfindapreferredsaleschannelleadingtoatargetedaudience.
CollaborationCreate collaborative services:websequencer,musicDB,streamingplatform,communityservices(tradeplace,workingexchange,ticketing,communityandteamsupport…).
DiversificationTobethebestplatformofferingadiversified and free musical selection, thefirstcompletemusicalandsocialecosystemattheserviceofartists,audiovisual professionals, music lovers and all the actors of the music industry.
These are the fundamentals underpinning the project
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State of the industry6
Remuneration dimension in brief
The streaming platformsGooglePlayMusic,Tidal,Napster,AppleMusic,Spotify,Deezer,YouTube,PandoraPremiumareusedtolistentomusicorwatchvideoversionsofsongshaveatotal of 1.273 billion users.
IfyouremovethebillionYouTubeusersaloneyou’llreach273 million for the seven pure audio streamingservices.
Of the 1.273 billion users, 93 million have chosen the paid version oftheseservices.
Someusersaremakingthechoicebetweenafreeversionandasubscription,likeSpotifyorDeezer, otherplatformsonlyhaveapaidversion(NapsterandAppleMusic).
Spotify alone captures more than half of the 93 million paidmarketwith50 million paying subscri-bers.
GoogleandAppledonotmaketheirfigurespublic.Theothersixstreamingservicesall lose money every year: from $27 million for Deezer to $250 millionforPandora.
YouTubepaysindependentartistsonly$0.0006 perlisten.ThemostgenerousisNapsterwith$0.016inpayperwiretap.
ThenumberoftimesasongmustbeplayedoveramonthforanartisttoearntheequivalentoftheAmericanminimumwage($1,472) ranges from 77,474timesforNapsterto2,133,333 times for YouTube.Theseareobviouslyunattainablefiguresforthevastmajorityofartists.
Of the €10 monthly subscription fee paid to Spotify only €0.46goestoartists...to be distributed among all those you’ve listened to in a month!
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Artist revenue per play
Total users(millions)
% free users
Plays needed to earnmin. wage ($1,472)
total annual loss
annual loss per user
Signed Artists Major music streaming services compared - Last update: June 21th 2017
Focused on the remuneration dimension, digital flows and introduction to AI
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State of the industry
Audiostreamingwithorwithoutsubscriptionissavingthemusicindustry.
Mostartistsarepresentonallplatformsandhopethatthecombinedincomewillsupportthem.Howeverevenwiththisconsideredonlythebiggestnamesinmusiccanhopetomakealivingthroughstreaming.
Formostartists,whether independentornot, this study confirms that livemusicthroughconcertsandfestivalsistheonlyviableoptionin2017.
ThesaleofCDsisindecline,vinylsalesareanecdotal.Fromtheconsumer’spointofview,the audio streaming + live music equation now seems to be ideal!
Byofferingamoredirect stream of remuneration to the musicianandrewardingtheworkofall thoseactive in the independentmusicalecosystemOpenJampro-posesamoreeffectiveapproachtotheremunerationofartists.
In2019,OpenJamwill offeramateur and/or independentmusiciansanew and a better source of income.
Andtoachievethisresult,OpenJamwilldeveloptools based on the latest techno-logies for the creation and management of flowsgeneratedbythecreativeeffort(blockchain,cloud,DB,AI).
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6 State of the industry
Market analysis - digital flows
AccordingtoresearchconductedbyCISACandUNESCOthe music industry has an annual turnover of $250 billion USD.
96%oftheworld’sInternetuserslisten to licensed music,whetherthroughaudioorvideostreaming,physicalordigitalpurchaseorradio(on-linebroadcasting).98%of16-24yearoldslistentomusicinthisway.
45%oftheworld’sInternetusersconsumemusicviaapaid audio streaming ser-vice,up8%thisyearfrom2016.
Music market: digital music and record music
Globalrevenu growth
Digital share of global
revenues
Growth in streamingrevenues
5,9% 60,4% 50%
Digital revenuegrowth
Downloadrevenue
Physicalrevenue
17,7% -20,5% -7,6%
Source : IFPI GLOBAL MUSIC REPORT 2017
In 2016, global recorded music revenues totaled US$15,7 billion, improving significantly on the previous year.
This represents an increase of 3%
Althoughthesedataaremorethanayearold,theyarestillrelevantregardingtrends.Wekeepaneyeonanychangesyoushouldbeawareof.
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A sustainable market over the long term
13-15yearoldshaveahighlevelofmusicalcommitment.85% of teens use a strea-ming platform to access music,79%useavideoserviceand67%useanaudioplat-form.Ofthe67%usinganaudioplatform37%useapaidserviceand62%useafreeservicewithadvertising.
Ofthe37%whouseapaidservice33%havesubscriptionsontheirownand36%arepartofafamilysubscription.
53%of13-15yearoldsalsopurchasedphysicalanddigitalmusic,withapreferenceforpaiddownloading.
15-25yearoldsrepresent11% of the French population, for 73% of them music is the first cultural activity they pursue.TheInternetisbecomingincreasinglyimpor-tantbutradioandtelevisionremainthemajorchannelsofdiscovery.
GenerationsY(25-45yearolds)andX(15-25yearolds)consumemusicinthesameway;itistheeraofthesuccess of streaming.
State of the industry
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Digital music and emerging countries
For many emerging countries the digital market and thus the assisted musical creation market can be a real vector of future development.ForexampletheNigeriandistributorofAfricandigitalmusic,iRocking,has75,000listenersand35,000indigenoustitles.Itisaimingtohave10millionlistenersby2018.
WecanalsothinkofIndia,MexicoorBrazilwhicharedynamiccountrieswithalargenumberofinhabitants.In these countries there are large bases of young people and a sense of expectation that everything is yet tocome.
State of the industry
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,,This should be great news for music creators, investors and consumers. But there is good reason why the cele-brations are muted; it is simply that the revenues, vital in funding future investment, are not being fairly returned to rights holders. The message is clear and it comes from a united music community; the value gap is the biggest constraint to revenue growth for artists, record labels and all music rights holders. Change is needed and it is to po-licy makers that the music sector looks to effect change.
Frances Moore,CEO, IFPI - april 12th 2016
6 State of the industry
Independent market
Bothhistoricallyandtodayindependentlabelshavefunctionedasachannelfor«alternative»contenttotherestoftheindustry.Inpartthisisbecausetheytargetspecificgenresofmusic,nichemarketsand/ordistinctiveindividualartists.Independent labels cultivate cultural difference.Converselymajorlabelsandmediaorganisationsseekeconomiesofscalebyreducingculturaldifferenceandpromoting«global»superstarstoaglobalmarket.
Global recorded music revenue share for major and independent labels by ownership
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6 State of the industry
Diversification of music offering - state of the art
Todayeveryonelistenstomusicwhetheractivelyorpassively.Indeedmusiciseverywhere,inthepocket,intherestaurant,inthesupermarket,atthehairdresser...Buttherappro-chement to the average taste denounced by so many more or less alternative artists is it real?SahilChinoyandJessiaMaaskthemselvesthefollowingquestion,«Whysongsofthesummersoundthesame?»
Toanswerthisquestiontheywillstudythesummerhitsandcomparethemonthebasisofseveralcriteria:LOUDNESS(averagevolumeofthesong)-VALENCE(howcheerfulthesongsounds)-ACOUSTICNESS(likelihoodthatthesonguseacousticinstruments)-ENER-GY(howfastandnoisythesongsounds)-DANCEABILITY(Strengthandregularityofthebeat).Itcreatesasonicfingerprintforeachtrack.
Infactthehitsofsummer1988weresomeofthemostdiversesummerhitsinthehistoryofpopmusic. Incontrast10ofthemostpopularsongsfromthesummerof2010haveroughlythesamefingerprint.Since1992,fewersongshavecrackedthetop10, leavinglessroomformusicaldiversity.Thatcouldbebecausethepreviousyear,Billboardchangedhowittracksrecordsales.Now,asmallnumberofsongwriterswritemanyofthehits.Perexample,MaxMartin,whoiscreditedonanastonishing22N°1Singles.It’snotquite1988,but the 10 most popular songs so far this summer aren’t the formulaic tracks that had theirheydayearlier inthisdecade—asignthatwemaybeenteringanotherperiodofmusicaldiversity.
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2050,that’stheyearbywhichArtificialIntelligencewillbeabletoperformanyintellectual task as human can, according to one survey of experts at a recent AIconference.
Somefiguresinafewwords:in2016astudyconcludedthat40%offinancialmarkettransactionsaregeneratedwithouthumanintervention;forMotleyFool,80%ofma-nagementteambelievethatartificialintelligencecanbeaverygoodpromoterforacompany’sgrowth;2%ofiPhoneusershaveneverusedSiriandonly4%havenevermetGoogleNow,accordingtoGartner;40%ofinteractionsbetweenusersandvir-tualassistantswilltakeplaceviainformationhostedonthecloud;85%ofcustomerinteractionswillnolongerrequirehumanlabor...
Today IA can :
Recognise objects in images - Transcribe speech better than professional transcribers - Translate between languages - Speak - Write its own encryptionlanguage - Detect malware - Verify your identity - Trade stocks - Do legal case research - Flag errors in legal documents - Beat 75% of Americans in a visualintelligence test - Play Go better than humans - Beat the best human players at Texas Hold ’Em poker - Writesoftwareunittests - Paint a pretty good van Gogh - Write poems that get published - Recommend songs you’ll like - Optimise energy usage in air - conditioning units in Google’s data centres - Writeitsownmachinelearningsoftware
TodaytheglobalAImarketisexpectedtoreach$1.2trillion(or$1,200billion)inva-luethisyear.Itmeansanincreaseupto70%comparedto2017,notesGartner.Thiswouldableittoreach$3.9trillionby2022,accordingtoGartner.
6 State of the industry
The artificial intelligence issue in brief
https://techmedev.eu/http://hplusmagazine.com/2011/09/16/how-long-till-agi-views-of-agi-11-conference-participants/http://hplusmagazine.com/2011/09/16/how-long-till-agi-views-of-agi-11-conference-participants/https://blogs.microsoft.com/ai/microsoft-researchers-win-imagenet-computer-vision-challenge/#sm.00011ulm32c91eopqh115isfphjubhttps://www.theregister.co.uk/2016/10/19/microsoft_speech_recognition/https://www.theregister.co.uk/2016/10/19/microsoft_speech_recognition/https://www.nature.com/news/deep-learning-boosts-google-translate-tool-1.20696https://deepmind.com/blog/wavenet-generative-model-raw-audio/https://www.wired.co.uk/article/google-artificial-intelligence-encryptionhttps://www.wired.co.uk/article/google-artificial-intelligence-encryptionhttps://www.networkworld.com/article/3043202/security/how-to-use-deep-learning-ai-to-detect-and-prevent-malware-and-apts-in-real-time.htmlhttps://venturebeat.com/2016/04/14/identify-verification-startup-onfido-raises-25-million-to-inject-more-trust-into-the-sharing-economy/https://www.wired.com/2016/01/the-rise-of-the-artificially-intelligent-hedge-fund/https://futurism.com/artificially-intelligent-lawyer-ross-hired-first-official-law-firm/https://futurism.com/artificially-intelligent-lawyer-ross-hired-first-official-law-firm/https://www.legalrobot.com/Beat 75% of Americans in a visual intelligence testBeat 75% of Americans in a visual intelligence testhttps://www.wired.co.uk/article/alphago-deepmind-google-wins-lee-sedolhttps://www.wired.com/2017/02/libratus/https://www.wired.com/2017/02/libratus/https://www.diffblue.com/http://uk.businessinsider.com/the-science-how-vincent-van-gogh-saw-the-world-2015-9?r=US&IR=Thttps://motherboard.vice.com/en_us/article/vvbxxd/the-poem-that-passed-the-turing-testhttps://motherboard.vice.com/en_us/article/vvbxxd/the-poem-that-passed-the-turing-testhttps://qz.com/571007/the-magic-that-makes-spotifys-discover-weekly-playlists-so-damn-good/http://uk.businessinsider.com/googles-400-million-acquisition-of-deepmind-is-looking-good-2016-7http://uk.businessinsider.com/googles-400-million-acquisition-of-deepmind-is-looking-good-2016-7?IR=Thttps://www.technologyreview.com/s/603381/ai-software-learns-to-make-ai-software/
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Inbrief,tomorrowartificialintelligencewillbeanintegratedpartofourlives,ofoureconomy.
AtwhatscaledowewanttoincorporatethistechnologyintotheOpenJAmprojectandlog-ion?Whilerespectingthefreedomofourusers,inthefollowingspheresofdevelopment:
creative assistance
recommendation assistance
flowmanagementassistance
human intervention assistance
Ofcourse,ourshareddevelopmentswiththeNeurochainprojectwillalsoinvolveIAresources.
AI evocation sources : https://medium.com/on-coding/the-state-of-ai-9aae385c2038- https://etudes.digitalcmo.fr/marche-de-lintelligence-artificielle-2017-2023/ - https://go.forrester.com/wp-content/uploads/Forrester-2018-Predictions.pdf - http://frstream.com/180406/mailingia-v3.html - https://www.objetconnecte.com/10-chiffres-cles-intel-ligence-artificielle-220616/ - https://www.techemergence.com/valuing-the-artificial-in-telligence-market-graphs-and-predictions/ Les 5 chiffres à absolument connaître sur l’IA |Microsoft experiences - https://www.silicon.fr/intelligence-artificielle-marche-trillion-dol-lars-208343.html?inf_by=5b7ec806671db8626c8b45f6 - https://www.tractica.com/research/artificial-intelligence-market-forecasts/ - https://www.analyticsinsight.net/global-market-value-of-artificial-intelligence-to-hit-1-2-trillion-in-2018/ - http://www.verteego.com/fr/chiffres-clefs-marche-intelligence-artificielle/
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6 State of the industry
$12,000
Artificial Intelligence Revenue by Region, World Markets: 2015-2024
$10,000
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
$8,000
$6,000
($ M
illio
ns)
$4,000
$2,000
$
North America
Western Europe
Eastern Europe
Asia Pacific
Latin America
Middle East
Africa
https://techmedev.eu/https://medium.com/on-coding/the-state-of-ai-9aae385c2038https://etudes.digitalcmo.fr/marche-de-lintelligence-artificielle-2017-2023/https://go.forrester.com/wp-content/uploads/Forrester-2018-Predictions.pdfhttps://go.forrester.com/wp-content/uploads/Forrester-2018-Predictions.pdfhttp://frstream.com/180406/mailingia-v3.htmlhttp://frstream.com/180406/mailingia-v3.htmlhttps://www.objetconnecte.com/10-chiffres-cles-intelligence-artificielle-220616/https://www.objetconnecte.com/10-chiffres-cles-intelligence-artificielle-220616/https://www.techemergence.com/valuing-the-artificial-intelligence-market-graphs-and-predictions/https://www.techemergence.com/valuing-the-artificial-intelligence-market-graphs-and-predictions/https://experiences.microsoft.fr/business/intelligence-artificielle-ia-business/ia-chiffres-cles/https://experiences.microsoft.fr/business/intelligence-artificielle-ia-business/ia-chiffres-cles/https://www.silicon.fr/intelligence-artificielle-marche-trillion-dollars-208343.html?inf_by=5b7ec806671db8626c8b45f6https://www.silicon.fr/intelligence-artificielle-marche-trillion-dollars-208343.html?inf_by=5b7ec806671db8626c8b45f6https://www.tractica.com/research/artificial-intelligence-market-forecasts/https://www.tractica.com/research/artificial-intelligence-market-forecasts/https://www.analyticsinsight.net/global-market-value-of-artificial-intelligence-to-hit-1-2-trillion-in-2018/https://www.analyticsinsight.net/global-market-value-of-artificial-intelligence-to-hit-1-2-trillion-in-2018/http://www.verteego.com/fr/chiffres-clefs-marche-intelligence-artificielle/http://www.verteego.com/fr/chiffres-clefs-marche-intelligence-artificielle/
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7 Problems
Generallyspeaking,wecouldobserveageneraldeclineinmusicaldiversityandrich-ness,whichmaybelinkedtoapresentdemandtomakehitsatanyprice,tomakesuperstarsemerging...Inthemeantime,theuseofalgorithmsandnewtechnologiescanstrengthenthesmoothingofthelistener’schoices,slowlydrivingthemtowardstheadoptionoftheaveragepreferencemodel.Sodoesthemusicindustrystillplaythepartthatisexpectedofit?Isitlockedupinahiddenquestnecessaryforitssub-sistence?Musicisabreathofairinastrenuousdailylife,agoodforequilibrium,amomentwhentimepotentiallystops...Itmustbeprotectedandhighlighted.
Similarobservationscouldbemadeaboutfestivalsandevents:LiveNationinFranceand Lollapalooza in Paris, in Belgium a company bought the shares of several Belgian turners(Sound&Visions,MakeItHappen,Minerva,OnTheRox),anumberofBelgianfestivals are also a good example of this phenomenon (Rock Werchter, TW Classic, I LoveTechnoandPukkelpop).
For music as a whole
In addition to the above market analysis, we want to provide solutions with the support of the community to the following problems. We will then present a roadmap, in order to give a concrete response.
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7 Problems
Limited diversity, guided choices, monitored freedom
Nostreamingplatformfreewithoutadvertising
Nomusicstreamingplatformtobringlistenersandcomposerstogether
Nopossibilityforalistenertosupporttheartisthelovesandforwhomhewouldliketo contribute
Platformsdon’tofferasufficientlyattractivelisteningqualityformusiclovers...
Small incomes
Difficultyofbeingrecognized
Problem of access to technologies
Challenges in using available tools
Lack of B2B connections
Difficultitinerarytobecomeaprofessionalinthefield
Nosolutionforremoteco-production
Fearofwhitepartitionandfearofothers
Sometimes tedious pay sharing
HardDisclossbreakagetheft...
Musicartists,especiallyfreelanceartists,areconfrontedwithmajorbarriers.Theydonothaveanadequatesolution tofinallyhavea chance to start their career ingoodconditionswithreasonableresources.
In thisway, talentedmanycreators,due toa lack-of-confidence, lackoforganiza-tionalortime....missopportunitiestoseetheirworkadoptedbyacompanyoranindividual.Theyarenotnecessarilyassistedbyotherswhodon’tfeelthesamethingstheydo.
Finally,thephenomenonknownas«fearoftheblankpage»appliestomusiciansaswellastoauthors.Thereon,howmanymusicianscancomplainaboutlackinginspira-tion,goingincirclesoralwaysco-producingwiththesamepeople?
Afewdisappointments...
For the listeners
For the artists
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8 Solutions
OpenJam wants to become the most complete creation area to provide the greatest musical richness through an innovative infrastructure consisting of a creativestudio,amusicdatabase,astreamer.Thesetoolsshouldbeaccessible to all artists(beginners,independent,experienced),toallstylesofmusic,toallworldregionsthatcanbeconnected.Byprovidingasharedcreativespace,wehopetofa-cilitateexchangebetweenartists,takepartincreation,encouragediversityinbothcreationandlistening...FortheOpenJamteam,music is a passionandwewantyoutoshareitwithothers...
OpenJamwantstogivelistenersmore freedom in choosing music, supporting ar-tists...bringing the listener closer to the creator.
That’swhywe’regoingtoofferfreemusicaccessandencouragedirectonline artist remunerationthroughtipping.
Listenerslikesharingtheirtastes,encouragingthesupportoftheirartists...theywillbethebestambassadors.
Listenerswillneverhavebeensoclosetotheworldofcreation,totherealityofanartist.Andiftomorrowtheybecamethenewcreators?WithintheOpenJamenviron-ment many things will be possible and made accessible...
For music as a whole
For the listeners
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8 Solutions
OpenJamwantstomakeavailabletoartistsan environment as complete as pos-sible allowing:
musical creation
broadcasting
availability of sounds, loops
remote, live or deferred music co-production
exchange-automationindatamanagement-withamaximumnumberofactorsinthemusical industry (composers,publishers,graphicdesigners,eventorganisers,etc.)
rights management
remuneration management
enhancementoffuturetalent...
an all-in-one solution for music and exchange environment!
Wewillpromotetippingasnewremunerationmodel,whichallowsabetter reward but also a direct recognitionoftheworkcarriedoutbytheartist.
Throughtheblockchaintechnology,thisplatformwillguarantee the traceability / anteriority of artists creations, improve their IPRs but also make their remunera-tion methods transparent.
ThewebplatformmodelallowsaccesstotheservicebymeansofacomputerandanInternetconnection.Environmentwillbeultra playful, so everyone can compose withouttheconstraintsoftechnicalknowledge(solfeggio,arrangements...).Incaseoftheftorloss,everythingwillbestoreonthe«cloud»(ordecentralizedsolutionasIPFS).
OpenJamwillallowartiststoprofessionalize themselves by having privileged ac-cess to many external services (mastering,graphics,merchandising,etc.).
A community vision of music... music passion...
For the artists
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9 Products
Ourtechnicalroll-outwilltakeplaceover 3 phases of more or less one year during whichwewilldevelopthefollowing tools: the player (already partly developed as MVP),thevirtualstudio,thesounddatabase,thetippingfunctionsandblockchainlinksaswellastheflowmanagementengine(log-ion).
Wewouldliketowork together with the community aseffectivelyaspossibleonallourdevelopments.Rewardsshouldbeprovidedinreturn.
Wewillalsoselectexperienced partners for the development of complex solu-tions suchasthoseusingIAresources.
OpenJam Player is a music streaming platform in the form of an open-source sof-tware,awebsiteandamobileapplication.It’sagatewaytotheOpenJamenviron-mentthatallowsyoutolistentomusic,tipartists,exchange...
ThisiswherewewillstoreallthesoundsfromtheOpenJamworld.Adatabasethatwehopewillbeasheterogeneousandvaluableaspossibleoverthelongterm.
This is the result of the economic model chosen by the team for the artists’ remune-ration.It isachoicegiventothelistenerwhoshouldnaturallysupportthepeoplewhoseworkheenjoys.Itwillbeevaluatedandimprovedasneededovertime.OurMVPwillbeusefultopromotingit.
OpenJamStudioisacollaborativewebsequencerforeveryoneallowingthecreationofmusicassistedbycomputer.Whilebeingefficient, itshouldbeaccessibletoallandeasytouse.Toreachthisobjective,itwillbesteppedbylevelofdifficulty.
TheheartoftheinheritedflowmanagementofexchangeswithintheOpenJamen-vironment(smartcontracts,blockchain,cloud...)
OpenJam Player
OpenJam MusicDB
OpenJam Tip
OpenJam Studio
log-ion
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9 Products
OpenJam Player is a music streaming platform in the form of an open-source software,awe-bsiteandamobileapplication.It’sagateway to the OpenJam environmentthatallowsyoutolistentomusic,tipartists,exchange...
OpenJam Player
Some possible key features
Pay the artists you lovebytippingthem.Thisprocessisthedigitalcounterpartofthetipinthehat(paymentmethodafteraperformance,wherethecustomergiveswhathefeelsheowestothesupplier)thatamateurmusicianspracticeforexampleinourstreets,terraces,barsetc.
Access a powerful search engine tofilterresultsbygeographicregion,musicalstylesandsub-styles,instrumentsusedinmusicalcompositions,etc.Forexample,alistenercansearchforrocka-billysongswithina20-mileradiusincludingcontrabass.TheartistsoftomorrowareonOpenJamandtheymaybenearyou.
Definesmartplaylists based on your search criteria.TheselistswillautomaticallygrowwiththesongspublishedonOpenJam.
Recommend the songs you love to your friends and other OpenJam users by becoming an artist’s ambassador. This tokenizationof anartist’spopularitywill allowyou toobtainmerchandising,concertticketsoraccesstoarehearsalsession.Inotherwords,ifanartist’spopularityexplodesasaresultofpublicpromotiontheartist’sfirstambassadorswillberewarded.
Discovernewsongsandemergingstyleswithdifferentradiosthatofferstructuredandeasy-to-accessinformation.
Shareyourbestplaylistsandwincoins/tokensfromotherlistenerswhoappreciateyourselection.
Viewyourlisteningstatisticsonadedicatedpageandeasilyfindatrackyou’velistenedtointhepast.EasilytracktheprogressofanentirepersonalizedpanelofartistsonOpenJam.
Followthenewsoftheartistsyouloveandbenotifiedoftheirupcomingconcerts.Youwillalsobe able to discover some demo tracks, covers and exclusive rearrangements if you are an ambas-sador.
Meet otherJammerswhohavethesametastesandfollowtheiractivityandmusicalfavorites.
Therecordingsofferedforlisteningwillofcoursebeavailablein .wav format and, for some, as downloads.Itisimportantforustoofferthebestpossiblelisteningexperience,asdesiredbythecreators...
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9 Products
For professionals in the sector
But also for platform users
DiscoverOpenJamTradePlace:asetoftoolsintegratedwithOpenJamPlayerforaudio-visualprofessionalslookingforcompositionsornewtalents.
WithOpenJamTradePlaceyouwouldbeableto,forinstance:
Find the perfectsongtodressyourvideocreationsforcinemaorweb.
Discover the talentsoftomorrowandproposethemamanagementoftheirmusicalcareer...
Listeners can support their favorite artist by purchasing merchandise and they can use their coins/tokens to fund musical creationandaccessdiscountedservices.
TheJammerswillalsobeabletolaunchcallsfortenderstomusicproducersforcoproductions,covers,arrangements,etc...
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9 Products
ThisiswherewewillstoreallthesoundsfromtheOpenJamworld.Adatabasethatwehopewillbeasheterogeneousandvaluableaspossibleoverthelongterm.
ThemusicdatabasewillbeakeyelementofthecreationwithintheOpenJampro-ject.Wewouldlikeittohostall the sounds and music of the world.Artistscouldthenfindeverythingtheyneedinourplacefortheirinspirationandcreativity.
OpenJam MusicDB
Itwillbeconnectedwiththetechnologiesdevelopedwithinlog-iontoallowthe automation of transactions and their related rewards.
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9 Products
One of the remuneration solutions proposed by OpenJam is the tipping of artists directly by their listeners.Inintra-environmentaltrade,tip-pingisnolongerappropriate.
It ‘s not an invention but a digitization of an an-cestral method of payment that has been brought uptodate;paymentbythehatwherepaymentismadeafteraperformanceandwherethelistenergiveswhatheconsidersowedtotheartist.
This voluntary remuneration will be made through crypto-assets technology, serving as a value exchange in a micro-economy for the bene-fitofalltheactorsofthesupplychain.
All transactions will be recorded in blockchain to ensure the best-adapted and most appropriate transparency about artists’ remuneration. Theuserswillbeabletosetupstrategiclocks.Theselockswill take, forexample, the formofamaxi-mumnumberoflisteningswithouttippingorami-nimum amount to tipper to have the possibility of recordingtheirproductionsinplaylists.
OpenJam Tip
Some might think that it is a risky gamble to leave the consumer responsible for the remuneration of theartistsheappreciates,however,thisisdoneaf-ter certain concerts or the artist and his audience arecloseenough.
A new Public Artist relationship could emerge from this direct remuneration.
Thesharedemotionalconnectionbetweenthear-tist and his listeners should encourage tipping and couldmakethismodeofremunerationanewnorm.
In all possible economic relations, the tipping model will be implemented or proposed:betweenlistenersandartists,betweenlisteners(forabeau-tifulplaylistforexample),forlabelsifnecessary...
Inanycase,wewillhavetoevaluatethemodelastimepasses.
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9 Products
OpenJamStudioisacollaborativewebsequencerforeveryoneallowingthecreationofmusicas-sistedbycomputer.Whilebeingefficient,itshouldbeaccessibletoallandeasytouse.Toreachthisobjective,itwillbesteppedbylevelofdifficulty.
Indeed OpenJam Studio is...
accessible to everyone ! All you need is an internet connection and a computer, tablet or phone to start creating, meeting, learning...
community-based!Imaginethatyouareaguitaristandthatyouarecomposingaguitarriffthatyoulike.OncesharedonOpenJam,otherJammerswiththeirspecialization(drums,synthesizer,bass...)willbeabletocollaboratewithyoutodevelopyourpieceuntilitbecomesamasterpiece.Itwillalsoprotectproducersfromthefearoftheblankpagesincetheywillbeabletoco-produce,share and develop their creativity.
economicallyinteresting!Itbecomespossibletocomposemusicwithouthavingtobuyaninstru-ment(oftenconsideredtooexpensivebytheparentsoffutureyoungmusicians),orwithouthavingtoresorttoexpensivelessons.Doyouhaveacomputerandaninternetconnection?WelcometoOpenJam.
so much funtousethatapersonwithouttheoreticalknowledgeofmusiccancreate. Ifyouarenewtomusiccompositiononlythebasicfeatureswillbedisplayedinasimplifiedinterface.Unlockadditional features as you progress, such as a library of loops from songs already published on OpenJamorpowerfulvirtualinstruments(WebVST)thatwillallowyourimaginationtorunwild.
composed of a set of new technologies enabling collaborative and creative musical co-produc-
tion at a distance.Howmanybandsgiveupwhenonememberleaves?
the source of original and diverse musical creations that break the current codes of the music industrywitha customizable licensing system.
open source! Ifyouareadeveloperyoucancreateyourownpluginsorvirtual instrumentsandmakethemavailabletothecommunity.
OpenJamStudiowillallowthe emergence of new musicians,newbandsandnewmusicalstyles.Whether you’re a studio professional or a beginner musician you’ll have access to the best tools to createtomorrow’smusicbyyourselforwithothers.
OpenJam Studio
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9 Products
Traction
The success of our product is directly linked to the number of users and the richness ofthemusicaldatabase.Themorelisteners,creatorsandmusictracksthereareonthe platform, the more valuable the environment will be.Toquicklyattractusersandbuildacommunity,wewillworkinthefollowingway:
buildingafirstmusicaleditoriallinewiththesupportofpartners
astudiowith1000possibilities:looplibrary,samples,drumkit
possibility to play remotely and for free
ability to listen to music for free
derivatives for amateur musicians
uberisation of graphic designers, sound engineers, music teachers and video artists (through professionalization paths)
creation of a musical monetary ecosystem
contestwithknownartists
50productionlinesonthesequencer,acollaborativelooplibraryandfreevoice-over...
Atrackimport/exportmoduleallowingyoutocomposefromyourfavoritesequen-cer.Acontrolpanelwillallowyoutoselecttheitemsyouwishtoexport.
Thepossibilitytomonetizeunfinalizedmusicbyputtingitontheplatform(DBbase).Whenotherusersreusethem,duringthetipping,eachauthorwillberemuneratedinproportiontotheirworkoraccordingtothetermsofanagreementsignedbetweenthemintheformofasmart-contract...
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Architecture of musical projects
OpenJamStudiooffersmanagementofmusicprojectsbasedontheprovenarchitectureofGit.EachsongisaGitrepository.ThisisaJSONfiledescribingthestructureofapiece.TherearealsoMIDIfilesandrefe-rencestoaudioclipsusedintheproject.TheaudioclipsarestoredinasecureBLOB.ThefollowingtablecomparesGitcommandsandtheirOpenJamStudioequivalents.
Git
Createanewrepository
Add & Commit
Pushing changes
Branching
Pull
Merge
PullRequest
Tagging
Log
OpenJam Studio
Createanewsong
Savecurrentworkonlocal
SavecurrentworkonOpenJam
Create a remix
Pullautomaticallywhenyouopenasongformodification
Youcanmergeonlyifyouarethecreatorofthesong
Submitmodificationstothecreatorofthesong
Tagging(demo,pre-mastering,post-mastering...)
Get the history of a song
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9 Products
TheOpenJamprojectaimstodevelopanenvironmentformusicalcreation(studio,musicdatabase,streamer).Itwillbeageneratorofmanytransactionsresultingfromexchangesbetweenartists,artistsandtheirlisteners,artistsandotherservicepro-viders...All theseexchangeswillhave tobeautomatized, traced, andmademoreefficientbyanindependenttechnologicaldevelopment,linkedtothemusicalenvi-ronment:log-ion.
This core has for mission to manage and monitor all the flowsforwhichitwillbeincharge.Severaltechnicalsolutionsarebeingevaluatedatthetimeofwritingthiswhitepaper. Indeed, inadditiontoourpartnershipwiththeNeurochainteam,wealso conduct tests (PoC) on the Ethereum, Hyperledger, Multichain and Openchain platforms.Theyhelpustoadjustthechoiceswearemakingandincreaseourlevelofexpertiseinthisfield.
We are also convinced that the future is in multi-platform solutions.
log-ion is in line with our project to create, if possible, a security/utility token in exclusive link with the JAM.
Finally,log-ionwillpotentiallybeableto be exported to other B2B models (supply chain,fintech...),withotherpartnersasneeded.
log-ion project
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10 Roadmap
4.5 Years Roadmap
Q2 to Q4/2017 Q1 to Q4/2020 - second instalment of funding
Q1 to Q4/2021 - third instalment of funding
2022 to ...
IDSprint
Startupweekend
Business model
Team creation
Enhancement of OpenJam Studio
Developing the contents of the music database
MorewaystodistributetheJamCoin
DevelopmentofconnectionswithintheOpenJam environment
IntroductionofIAinthefieldofmusicalcreationassistance
Trade Place integration
IntegrationwithNeurochainproject(log-ion)
Beginning of commercialization
Finalization of OpenJam Studio, Player & DB
log-ion Milestone 1
AI Development phase 2
Commercial production release
Businessdevelopmentintensification
Shops integration
Global expansion
Products improvement
WebVSTstandardization
log-ion B2B expansion
Q1 to Q4/2018
Q1 to Q4/2019 - first instalment of funding
Creation of the legal structure
Technical tests and trainings
MVP(player)&PoC(blockchain)
Business development and partnership
Communication and media campaign
Pré-ICO and ICO
Reinforcement of the team
ImprovementofOpenJamPlayer(252-weeksprints)
Tipping to artists
Launch of the music DB
Sounds integration
log-ion phase 1
creationofLION
Launchofbountyrewards
Launch the artists community
Launch of OpenJam Studio (beta)
Developmentofrelationswithartists
Listing JamCoin on exchanges
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Ecosystem11
Weconsiderthefollowingsourcesofincome
A reasonable fee on all transactions generated inside the ecosystem
Basicversionswillbeaccessiblefreetoallbutmonetizing.Justcostenhancementswillbeavai-lablesuchasexclusiveVST,generalinterfacecustomization,studiocustomization,earlyaccesstosampleloopspacksetc...
OpenJamplatformwillhaveitsadvertisingnetworkexclusivelypromotingmusic,musicevents,thelatestinstruments,tools...andwillproposeexclusiveofferstoourcoinownersnotablyonthe trade place
Integratedpurchaseswillalsobepossibleasneededandrequested
A reasonable fee relating to the purchase and/or the sale of services such as merchandising, graphics,mastering,management,administrativesecretariat,etc....
Rental of promotional space for the promotion of artists on the platform
And perhaps other possibilities according to the developments to come but still in the state of mind of fair remuneration
Relation between artists, listeners, and OpenJam
Source of income
log-ion
OpenJam
Cloud
Blockchain
Artificial Intelligence
EDITORS PROS
GRAPHIC DESIGNERS
LABELS
ARTISTS
LISTENERSPLAYERSTUDIO
LOOP LIBRARY
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Ecosystem11
Inordertoofferaplatformthatmeetsthemaximumneedsofthisecosystem,amar-ketwillbeaccessiblefromtheartist’sprofilewherefanscanfindhismerchandising, tickets, vinyls, voices, acapellas, lyrics, sheet music...
Butitwillalsoofferaspecializedsearchfunction,forexperiencedusersandartistsneeding to connect for services such as graphic design, mastering, promotion, set-tingupspecificmerchandising,musicproductiontender,etc...
Listenerswillalsobeabletousetheirtokenstosupportartistsinachievingtheendof their creations - music cownfunding
Allthiswillbedonethroughtheexchangeoftokens.
OpenJamisaEuropeanprojectthatwillstrictly apply current norms, including the GDPRstandard.
Wearealsoadvisedbylawfirmsdependingonourneeds.
Trade place
Rely on OpenJam
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Ecosystem11
Over three-quarters of companiestodayuseopensourcesoftwaresomewhereintheirbusiness.AccordingtoasurveybytheNationalCouncilofFreeSoftwarethepureplayersofopensourceareresolutelyoptimisticfor2017:+25%increaseintheprojectedworkforceandaturnoverthatwouldincreasesixtimesfasterthanintheentiredigitalsector.(cfCNLLAnnualSurveyResults).
The benefitsofopensourceforcommunitysoftwarearenumerous:
Freeaccessspeedsupdissemination.
Transparencyisreassuring.
Theegalitarianspiritofmostprojectsmeansthatendusershavemoredirectaccesstodevelopersthanregisteredusersgenerallyhavetoproprietarydevelopers.
Opensourceprojectscandevelopforminoritylanguageswhosepotentialusersaretoofewforthemevertobeaprofitablemarket.
Adeveloperissomeonewhocreatesandtakesprideinajobwelldone.
Provideatechnicalcommunityinteractingwithanartisticenvironment
Benefits of open-source vision
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Ecosystem11
ConsistingoftheverypopularReact/ReduxforthefrontendandNode.js,ExpressandMongoDBforthebackend,theMERNstackisoneofthemostpopulartechnolo-giesforbuildingamodernone-pageapplication.
We are focused on using both modern and proven technologies to provide the best experienceforourusers.HerearesomeofthetechnologiesweusetocreateOpen-Jam.
Web Audio API
The Web Audio API provides a powerful and versatile system forcontrollingaudioontheWeb...
developer.mozilla.org
React - A JavaScript library for building user interfaces
AJavaScriptlibraryforbuildinguserinterfaces...
reactjs.org
Amazon Web Services (AWS) - Cloud Computing Services
AmazonWebServicesoffersreliable,scalable,andinexpensivecloud
computingservices...
aws.amazon.com
MongoDBforGIANTideas
MondoDB for GIANT Ideas - Build innovative modern applicationsthat create a competitive
www.mongodb.com
Some technologies used
https://techmedev.eu/https://developer.mozilla.org/en-US/docs/Web/API/Web_Audio_APIhttps://reactjs.org/https://aws.amazon.com/fr/https://www.mongodb.com/
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Ecosystem11
Progressive Web Apps / Web / Google Developers
developers.google.com
EthereumProject
Ethereum is a decentralized platform for applications that run exactly asprogrammed...
www.ethereum.org
NeuroChainArtificialIntelligenceattheHeartoftheBlockchain..-NeuroChain
NeuroChainisanintelligentecosystemthatismoresecure,morere-liableandmuchfasterthan...
www.neurochaintech.io
https://techmedev.eu/https://developers.google.com/web/progressive-web-apps/https://www.ethereum.org/https://www.neurochaintech.io/https://www.neurochaintech.io/
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Ecosystem11
The OpenJam team is integrated in techmedev sàrl, a Luxembourg company created inNovember2017 (with its subsidiary IboxTeamsprl). This structurehasalreadydeveloped,withbrandsactiveinthefieldofcommunication(FG,TRANSFER,...),artistsandvariouspartners,sometransmediaapproaches.
Overthepastyear,thecompanyhasalsodevelopedagoodnetworkinLuxembourg,BelgiumandFrance.
ConsideringtheimportanceoftheprojectsdevelopedaroundOpenJam,itwillnowfocusexclusivelyontheobjectivesresultingfromit.ItsshareholdingwillbeopentotheoriginalcreatorsofOpenJam,aswellastoAntoineBaduel,CEOofFGandpos-siblytoartistscloselyinterestedinourprojects.
Itisalsothecompanythatwillengagethenecessaryresourcesfordevelopment:em-ployees,freelancers,partners...A significant expansion is planned from January 2019.
All transactions will be carried out by legal entities in full compliance with the regulations in use in Luxembourg and Belgium ( statutes, accounting, transparen-cy, etc.). It is also suggested thatobservers andCommissionersbedesignatedasappropriate.Moreover,ifoureffortstonegotiateanefficientlegalframeworkforthe ICO and crypto-assets model are not succeeding, then steps could be started in Estonia,eitherstillwithintheEuropeanUnionandstillmaintainingotherexistingentities.
Todate, thecompanyhasassumedthevastmajorityof thecostsassociatedwithprojectdevelopment.Newfinancingmodesarenowbeingsought.
OpenJamisaprojectstartedwithPhilippeMatrayetStanislasPoindrelle.Theydee-plybelievethatwiththesupportofacommunityitispossibletorealizebigprojectsthatchangetheworldlikeWikipedia,FirefoxortheApacheHTTPServerthatruns46%oftheworld’sweb.
Thesedifferentprojectshaveatechnologicalandsocialimpact.Rememberthewor-ldofEncarta’stimeandthetinyamountofinformationyoucouldfindinrelationtoWikipedia.
Legal entities and Main partners
techmedev sàrl
OpenJam origin team and spirit
https://techmedev.eu/
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Ecosystem11
OpenJam origin team and spirit
Ragio FG
OpenJamisaprojectstartedwithPhilippeMatrayetStanislasPoindrelle.Theydee-plybelievethatwith the support of a communityitispossibletorealizebigprojectsthatchangetheworldlikeWikipedia, Firefox or the Apache HTTP Server that runs 46%oftheworld’sweb.
Thesedifferentprojectshaveatechnologicalandsocialimpact.Rememberthewor-ldofEncarta’stimeandthetinyamountofinformationyoucouldfindinrelationtoWikipedia.
In20yearstheworldcouldbeaverydifferentplacefromwhatitisnow.Willtherebemoremusiconourstreets?Willmusicalcollaborationscrossbordersandcultures?Willmusiciansbeabletolivedecentlyfromtheirart?OpenJamprovidessolutionstothese problems and believes in a culturally richer world.
OpenJamwillsetupincentives to accelerate the development of the features most expectedbythecommunity.UserVoicewillbeusedtocollectfeedback.ForOpen-Jam open source is a strategic foundation of our company and a lever for accele-ratingthedevelopmentofourproducts.Wewill regularlyparticipate in technicalconferences abroad as speakers to share our experience of open source and pro-moteourproducts.
Later,wewillcreatea new standard: WebVST.AstandardizedVSTformatforthewebbasedonWebAssemblyandWebAudioAPIs.Itwillbecompatiblewithallwebsequencers,OpenJamStudiobeingthefirstone.
Radio FG (electronicmusicexpertsince25years)isanactor,uniqueintheFrenchra-diomarket.RadioFGoffersanoriginalformatfocusedonelectronicmusic,thedisco-veryofnewmusicalscenesandcreations.Theradiohasadailyaudienceof318,900listeners according to the Médiamétrie institute (September 2016 - June 2017) and morethan500.000allformatscombined.
RadioFGbroadcastsitsprogrammethrough34citiesonFMandDAB+includingPa-ris,Marseille,Strasbourg,Nice,Rennes,Dijon,Caen,Clermont-Ferrand,Perpignan,AntwerpandMonaco.
RadioFGalsobroadcastsFGChic,6webradiosofferingoriginalformatsavailableonradioFG.com,smartphonesandtablets.RequestsforextensionareinprogressandontrackonFrenchterritory.
https://techmedev.eu/
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Ecosystem11
Ragio FG
Distinguishing points:
Aradiostationmakingnews,supportingeventsandtheperformingarts;
Theculturalexceptionandthepromotionoflocalmusicalandartisticfields;
FGhascreatedanddevelopedFrenchtouchwithrenownedartistsandcareerssuchas Daft Punk, Guetta, Sinclar, and more recently The Avener, Kungs, Møme, Synap-son,PetitBiscuit...
Programmingfocusedonqualityelectronicmusic,house,deep,loungeandclassics;
Open-mindednessmediapartner.
What’s Openjam’s futur ?
Followusonthesocialnetworksandyouwillknowmoreaboutournews,develop-ment...
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https://techmedev.eu/
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12 About Ethereum
Why Ethereum for ICO and part of the technical solution?
In general terms, Ethereumisoneofthemostcompletesolutionwithanactivecom-munity for the support anddevelopmentofblockchain technology.Many tested and successful projectsarealreadyavailable.
A decentralized platform that manages smart contracts: applications that workexactly as scheduled without any possibility of downtime, censorship, fraud or third-party interference.Thisguaranteestransparencyforusers.
Thisallowsdeveloperstocreatemarkets,storerecordsofdebtsorpromises,movefundsaccordingtolong-standinginstructions(suchasawillorafuturescontract)and many other things that have not yet been invented,allwithouttheriskofanintermediaryorcounterpart.
WeknowthatwewillnowfindinEthereumsomeveryusefulcomponentsfordeve-lopingtheOpenJamproject.
Moreover, the Ethereum community has the largest number of investorswhomaybeinterestedinourproject.Etherisfinallyasolid, durable and stable crypto-asset referent.
Another important point for the deployment of our business model is that by using Ethereum,wecouldcreateacontractthatwouldholdacontributor’smoneyuntilagivendateorgoalshouldbemet.Dependingontheresults,thefundswilleitherbereturnedtotheprojectownersorsafelyreturnedtothecontributors.It’sahypothe-siswe’reinvestigating.
Finally,asalreadyindicated,webelievethatthefutureisindevelopmentsthatinte-grate several technical solutions based on needs.
https://techmedev.eu/
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13 Token value
Earning and spending JamCoins
Listeners
Musicians
Labels
Github user, pro press,
others
Earning JAMS
Refer your friends
Promote OpenJam on social media
Be an artist or a label’s ambassador
Get tipped for your music selection
Listen to commercials Reach levels
Have a good idea
Buy JamCoins
Get tipped for your musical activity
Sharing songs and loops
Get a bonus If you have a good reputation
Free gifts
Buy JamCoins
Get tipped for your musical activity
Be an OpenJam ambassador
Bountyrewars
Buy services
Early access(songs,WebVSTs,loops...)
Buy exclusive instruments
BuyWebVSTs
Promote your music
Do FIAT transfer
Buy professional services
Do FIAT transfer
Tips to artist
Early access(demos,rearrangements,...)
Buy merchandizing
Promote an artist or a label
Buy services
Create a public playlist
Ask for a remix/cop rod/re-edit
Wanted functionality(buy/sellamusicalinstrument...)
Spending JAMs
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13 Token value
JamCoinswillbe always limited to 900 000 000 tokens
Musicianswhohaveestablishedagood reputationonOpenJamcould receive anextrabonuseachtimetheyaretippedorwhentheywinacontest.Thehigheryourreputation,thehigherthebonusofferedcouldbe
JamCoinswillbeusedbymusicloversandmusicianstopurchaseamonthlypremiumsubscription
MusicianswillhavetoexchangeJamCoinsforpromotion,exclusiveIoTmusicalins-truments,WebVSTandservices.MusicloverswillbeabletotiptheartiststheyenjoywithJamCoins
Over time, there should be many users and services available in the OpenJam envi-ronment, so there should be many transactions
OpenJam takes part in the transactions and can thus participate in the stimula-tion of the marketfromthepointofviewoftheoffer
OpenJamwillchargemusicstoresandadvertisersinfiatcurrenciesinordertoac-quireJamCoinsfromthemarket.Thereafter,musicloversandmusicianswhodonothaveapremiumsubscriptionwillbepaidwiththeseJamCoinsforeachadvertise-mentseen.ThiswillfuelthesteadydemandforJamCoins
Thegrowingnumberofmusiclovers,musiciansandpeopleinterconnectedwilldrivethe value of JamCoin as the primary settlement measure of our success
OpenJamuserswillnotonlybemusic loversormusicians.Therewill alsobemu-sic teachers, graphic designers, sound engineers, videographers, music stores and advertisers...Alltheseentitiesthatprovideservicestomusicianswill increasethedemandforJamCoins,whichshouldseeitspriceincreaseovertime
OpenJam takes part in the transactions and can thus participate in the stimula-tion of the marketfromthepointofviewofthedemand
Throughitstechnicalpartnership,theOpenJamteamwilldoeverythingpossibletolist the token on an exchange platform(forexampleasNCC).
In summary, we will pay particular attention to creating growth and volume around our token. However, reserve should be exercised in the first months af-ter the ICO. The project needs at least a short year to prove itself and be able to offer first satisfying results for investors.
How will the value of JamCoin grow ?
Decreasing supply
Increasing demand
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14 Token sale
Token details
In brief
Token details
Token supply
Distributedinthecrowdsale
Token symbol/Ticker
Numberofdecimals
Blockchain
Emission rate
Origin
Community rewarding, platform payments
900million
450million(50%)
JAM
8
Ethereum (ERC20*)
0,07€outofdiscount
LuxembourgorBelgium(negotiatingthelegalenvironment)(°)
(*) If the soft cap is reached,theteamwillmakeeveryefforttofinalizethedevelopmentofitsplayer,itsti-ppingfunctionandthenecessarylinkswiththeblockchainenvironmentfortimestampingandremuneration(partiallog-ion).
If the soft cap is not reached (any investment phase included) and as funds are frozen until it is, the amounts allocatedwillbereturnedtocontributorsintheiroriginalform,regardlessoffluctuationsinthevalueoftokensintheinterval.Forexample,ifyoutransfer1ETHtous,wereturnthesameETHtoyouafter deducting the transfer fee for the refund.
(°) Estonia is also a potential location country as State inspires more and more European countries in e-eco-nomyaffairs.Europeanrulesremainfullyapplicable.
https://techmedev.eu/
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14 Token sale
Crowdsale details
In brief
Minimum viable product
Minimum goal
Maximum goal
Accepted currencies
Minimum transaction about
Private sale
Pre-ICO distribution period
Main ICO distribution period
Token distribution
Howfundsareheld
Player + Tip + PoC Blockchain
€4500000(forapartlydevelopedproject)(*)
€30000000
Bitcoin,Ethereum,NCC,valuabletokens...orEuros
0.1Ethereum
October2018
November2018TBA
December2018TBA
TokenswillbedistributedinproportiontotheinvestmentaftertheICO.
Multi-sigwalletheldbyCompany
(*) If the soft cap is reached,theteamwillmakeeveryefforttofinalizethedevelopmentofitsplayer,itsti-ppingfunctionandthenecessarylinkswiththeblockchainenvironmentfortimestampingandremuneration(partiallog-ion).
If the soft cap is not reached (any investment phase included) and as funds are frozen until it is, the amounts allocatedwillbereturnedtocontributorsintheiroriginalform,regardlessoffluctuationsinthevalueoftokensintheinterval.Forexample,ifyoutransfer1ETHtous,wereturnthesameETHtoyouafter deducting the transfer fee for the refund.
(°) Estonia is also a potential location country as State inspires more and more European countries in e-eco-nomyaffairs.Europeanrulesremainfullyapplicable.
https://techmedev.eu/
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14 Token sale
Attention point
Private sale
TheOwnershipof tokenscarriesno rights,usesorattributes,expressor implied,otherthanthosedescribed inthetermsand intheWhitePaper. Inparticular,youunderstand and accept that tokens (JAM):
don’trepresentorconferanyfinancialrightontheeconomicresultsofthecompany
don’trepresentorconferanyownershiprightorstake,shareorsecurityorequiva-lent rights, intellectual property rights or any other form of participation in or rela-tingtotheplatform,servicesand/orcompanyanditsaffiliatesisn’tintendedtobeadigitalcurrency,security,commodityoranyotherkindoffinan-cial instrument
JAM is a cryptographic token used by the OpenJamplatform,projectandservices.Later,itcouldbeanexclusiveelementofinteractionwithautilityandsecuritytokenthatwewouldliketodeploy(LION project),toensuremorestabilityintrade.TheJAMwouldthenfluctuatewhileLIONwouldremainatafixedprice.TheLIONcouldonlybepurchasedwithJAMorthroughanofficialinstitution.Thisprojectwillneedtobenegotiated.Itwon’tbeanewfundraisingevent!
October2018
During the private sale, 90.000.000 JAM’s could be sold with a special discount of 40% on the emission rate.Thisofferisreservedtoprofessionaloracredited/expe-riencedinvestors.Itcouldbecombinedwithalockoutperioduntiltheendofphase1development.TheKYCanallothers rules remainapplicable. In caseon interest,please contact us at [email protected]
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https://techmedev.eu/
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14 Token sale
Pre-ICO (public)
ICO (public)
November2018TBA
Ending on november TBA
At the end of the private sale and according to the number of tokens sold, a maximum amout of 200.000.000 JAM’s (including the 90Mio of private sale) could be offered with a spacial discount of 20%.
Ourpre-ICOwillbeginontheXXXTBAandwillrunfor15daysuntiltheXXXTBA.Onlyregistereduserswillbeabletoparticipateinpre-ICO,inaccordancetoourrules,includingKYC.
You’llbeabletoinvest inOpenJamwithanyverifiedtokenontheEthereumplat-formhavingamarketvaluation;you’llbeabletoinvestinEuro,BitCoin,Ethereum,NCC,Stellar,Litecoin...(willbedecidedbeforethePRE-ICO).Youwilldothisbysen-dingthemtoanERC20walletaddresswhichwillberevealedwhenoperationsstarts.
December2018TBA
Ending on December TBA
The pre-ICO will be followed by the ICO and will allow the sale of all remaining tokens up to a maximum of 450.000.000 (including 200 mio of previous sales) with the following discounts
firstweek 15%
secondweek10%
thirdweek5%
fourthweekandafter0%
https://techmedev.eu/
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14 Token sale
ICO (public)
OurICOwillbeginontheXXXTBAandwillrunfor5weeksuntiltheXXXTBA.OnlyregistereduserswillbeabletoparticipateinICO,inaccordancetoourrules,inclu-dingKYC.
You’llbeabletoinvest inOpenJamwithanyverifiedtokenontheEthereumplat-formhavingamarketvaluation;you’llbeabletoinvestinEuro,BitCoin,Ethereum,NCC,Stellar,Litecoin...(willbedecidedbeforethePRE-ICO).Youwilldothisbysen-dingthemtoanERC20walletaddresswhichwillberevealedwhenoperationsstarts.
Tokens not sold at the end of all offering operations will be conserved by the issueratleastuntiltheendofthefirstphaseofthedevelopment.
After the ICO, the issuing of tokens on the market will be limited to 585Mio to avoidanydeflationeffect.
Totalsupplyis900000000JAMtokens(nevermore),450000000JAMarebeingof-feredforsale.Theremainingfundswillbeusedaccordingtothefollowingdetailedinformationastheprojectevolves.
The JAM distributed and remaining could be tracked at https://openjam.eu or one anotherdedicatedsite.
ForfurtherqueriesrelatedtotokensaleprocessesrefertoourFAQorcontactusonico@techmedev.eu.
Token release
Contributing rules
TherearestrictrulesandprecautionstofollowwhileparticipatingwithintheOpen-Jam ICO:
SeeourKYCrules,warningsanddisclaimer
In case of doubt, contact us - [email protected]
DonotsendEthersbeforethePre-ICO/ICOhasbegun.
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https://techmedev.eu/https://www.openjam.eu/
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14 Token sale
Are you new to the Ethereum Platform?
WiththegreatsurgeoftokensalesofEthereumandothercryptocurrencyprojectsthere’s also a great deal of misunderstanding and greed, both on the side of the companiesaswellas investors.Howdoyoudrawthe linebetweengoodandbadprojects?Followthechecklistsbelowandyou’llhavetoworryalotlessabouthowsoundyourinvestmentis.
Token sale and use of proceeds repartition
Token Sale
Checklist for ICO investing #Ethereum - Steemit
ChecklistforICOinvestinf.followmeonTwitter:@tradingbuddy101 IntroWiththegreatsurgeoftokensalesof...bytradingbuddy
steemit.com
Token release
Seed: 5%
Company (to support outside development): 5%
Team, partners until consultant: 10%
Strategic ICO advisors: 3%
Charity: 2%
Bounties: 10% (to support development)
Artists support: 10%
Future (lockup): 5%
Development: 50% (3 years linear model)
https://techmedev.eu/
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14 Token sale
Use of funds
Fund releasing will happen gradually to enable the development of our business according to a 3-year linear model.
Thecontributionswillbeusedforproductandtechnicaldevelopment,management,operations,marketing,sales,PRandinternationalexpansion.Ifwedonotreachtheenvisionedamount,we’llrelyonoperatingprofitsandscaledownouroperationstoremainfullyfunctionalforthenextyears.
Seed - 5%
Amountallocatedtoinvestorswhohavesupportedtheprojectinitslongincubationanddevelopmentphaseandwhohavetakenfinancialrisksbeforeraisingfunds(pri-vateinvestors,founders,banks,VC)
Company - 5%
Amountreservedforalltheactivitiesofthecompanyoutsidetheproject:exchangewiththecommunities,promotethetechnology,shareitsknowledge,participateinotherprojectspromotingthedevelopmentofblockchain,participateinthecreatingoflegalframeworks...contributetothecommoneffort!
Team... - 10%
What’sthecoreteamhavetodo?
projectmanagement
designandresearcharountOpenJamandlog-ionprojects
engineering, security
business development
legalandfinancielstrategy
marketing ans communication
artistsmanagement...
Strategic ICO advisors - 3%
Compensationreservedforexpertadvisorsorpartnerswhowillbeactivelycontribu-tingtotheachievementofaqualitativeICO
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14 Token sale
Charity - 2%
Amountallocatedforsupportinghumanitarianprojectswithourpartner
Bounties - 10%
Rewardingthecommunityforitseffortsindevelopment
Artists support - 10%
Amount allocated to the reward of artists who highlight the OpenJam project,throughtheircreations,theiractivities...Butalsoforthesupportofmusicalinitia-tives and events
Future - 5%
Amountreservedfornon-anticipatedrequirements
Development - 50%
To support solution technical dévelopment and promotion of results achieved
ICO Bounty Team Artist
Company Advisors Charity
Future Seed
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ICO and project viability warnings15
Risk of loss of access to JAM due to loss of credentials: until it is distributed to thebuyer,thesaidbuyer’sJAMsmaybelinkedtoacompanyaccount.Youcanonlyaccessthecompanyaccountusingthecredentialsselectedbythebuyer.ThelossofthesecredentialswillresultinthelossoftheJAMs.Goodpracticesadvisebuyerstostore their credentials securely in one or more backup locations that are geographi-callyseparatedfromtheworklocation.
Risks associated with the buyer’s credentials: any third party that obtains access tothebuyer’scredentialsorprivatekeysmaybeabletousethebuyer’sJAMs.Tominimize this risk, buyers must protect themselves against people gaining unautho-rizedaccesstotheirelectronicdevices.
Legal risk and risk of adverse regulatory intervention in one or more jurisdic-tions: Blockchain technologies have been reviewed by various regulatory bodiesaroundtheworld,includingwithintheEuropeanUnion.TheICOhasbeenstructuredtocomplywithEUlawapplicableatthetimeoftheofferandmaybesubjecttose-curitiesregulationunderUSlaw.TheoperationoftheproductsandofJAMsmaybeimpactedbythepassingofrestrictivelaws,thepublicationofrestrictiveornegativeopinions,the issuingof injunctionsbynationalregulators,the initiationofregula-tory actions or investigations, including but not limited to restrictions on the use or ownershipofdigitaltokenssuchasJAMs,whichmaypreventorlimitdevelopmentoftheproducts.Giventhelackofcrypto-currencyqualificationsinmostcountries,each buyer is strongly advised to carry out a legal and tax analysis concerning the purchase andownershipof JAMsaccording to their nationality andplaceof resi-dence.
Risk of a lack of interest in the project or distributed applications: There is a pos-sibility that the products may not be used by a large number of artists, companies, individuals...andthattheremaybelimitedpublicinterestinthecreationanddeve-lopmentofservices.Suchalackofinterestcouldimpactonthedevelopmentoftheprojectand,therefore,ontheusesorpotentialvalueofJAMs.
Risk that the project is not developed:themainrightassociatedwithJAMistherighttoaccessanduseourservices.ThevalueoftheJAMsisthereforeheavilycor-relatedwiththeexistenceofsuchservices,whichhasnotyetbeen implemented.JAMs may lose part or all of their value if services and/or products are never fully developed.
Risk that the project, as developed, doesn’t meet public expectations: the pro-jectiscurrentlyunderdevelopmentandmayundergosignificantredesignpriortoitslaunch.Foranumberofreasons,notallbuyerexpectationsconcerningtheprojectand functions may be met on the launch date, including changes in design, imple-mentationandexecutionofservices.
Risk of theft and piracy: hackers or other malicious or criminal groups or organiza-tionsmayattempttoservices,theavailabilityofJAMsinseveralwaysincluding,butnotlimitedto,denialofserviceattacks,Sybilattacks,mystification,surfing,malwareattacks,orconsensus-basedattacks...oranyotheroperation...
https://techmedev.eu/
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ICO and project viability warnings15
Risk of security weaknesses in the service’s core infrastructure software: the service‘scoresoftware isbasedonopensourcesoftware.There isa risk that thecompany team or other third parties, may intentionally or unintentionally introduce weaknessesorbugsintothecoreinfrastructureelementsofthedevelopments,byinterferingwiththeuseof,orcausinglossofJAMs.
Risk of weakness or exploitable breakthrough in the field of cryptography: ad-vancesincryptography,ortechnicaladvancessuchasthedevelopmentofquantumcomputers,maypresentrisksforcrypto-currenciesandourservices,whichcouldre-sultinthetheftorlossofJAMs.
Risk of the Platform failing to be used or adopted:whileJAMsshouldnotbeconsi-deredasaninvestment,theirvalueisboundtochangeovertime.Thisvaluemaybelimitedifservicesarenotsufficientlyusedandadopted.Insuchacase,therecouldbefewornomarketsattheprojectlaunch,whichwouldlimitthevalueofJAMs.
Risk of a tight market for JAM: there are currently no exchanges or trading facili-tiesonwhichJAMscouldbetraded.Ifsuchexchangesortradingfacilitiesdodeve-lop,theywillprobablyberelativelynewandsubjecttopoorlyunderstoodregulatoryoversight.Theymaythereforebemorevulnerabletofraudanddefaultthanthees-tablishedandregulatedexchangesthatexistforotherproducts.Shouldexchangesor trading facilities that represent a substantial part of the JAM trading volume be involved in fraud, security failures or other operational problems, the failures of such exchangesortradingfacilitiesmaylimittheJAM’svalueorliquidity.
Risk of an uninsured loss:unlikebankaccountsoraccountsinotherregulatedfi-nancialinstitutions,fundsheldthroughthecompanyaregenerallyuninsured.Atpre-sent,therearenopublicorprivateinsuranceagentsprovidingbuyerswithcoverageagainstalossofJAMs,otherCOIN’soralossofvalue.
Risk of winding-up of OpenJam’s project: for a number of reasons including, but notlimitedto,anunfavorablefluctuationinJAMandwallet’svalue,thefailureofbu-siness relationships or competing intellectual property claims, the OpenJam’s pro-jectmaynolongerbeaviableactivityandmaybedissolvedorsimplynotlaunched.
Risk of malfunction in the services: our services may be impacted by an adverse malfunction including, but not limited to, a malfunction that results in the loss of JAMsormarketinformation.
Unforeseen risks:crypto-currenciesandcryptographictokensareanew,untestedtechnology.Inadditiontotherisksstipulatedabove,thereareotherrisksthatthecompany’steamcannotpredict.Risksmayalsooccurasunanticipatedcombinationsoraschangesintherisksstipulatedherein.
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16 Business model
OurbusinessmodelwillbepublishedinversionV.1.0.0.Wewanttogetitvalidatedbeforehandbytechmedevsàrl’sconsultants. Indeed, it isnotonly informationforthecommunitybutalsoadocumentwithlegalconsequencesforourcompany.Inourenvironment,everythingisreal,withsimilarlyrealrepercussions...
© 2018 - techmedev sàrl - 10, Giällewee - L-9749 Fischbach - LU29775146
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17 KYC ProceduresRead this please !
Aspartof theKnowYourCustomerprocedure (KYC),anyone wishing to acquire JAM will have to provide techmedev sàrl or Ibox Team sprl with the followingminimal detailsviathededicatedICOwebsitepriortopurchasingJAM:
Surnameandfirstname(forprivateindividuals)/companyname(forcompanies)
Country of tax residence
Address
E-mail address
Proof of ID
Other additional information may be required at the actual time of registering for theICO(includingbutnotlimitedtoinformationonoriginofthefunds).
Operations will be monitored according to the rules in the State from which the ICO is organised.Theywillbemadeavailableinanannexasrequired.
WewillrequesttheBlok0companysupporttosetuptheKYCscheme.
Techmedev sàrl or its subsidiary company, Ibox Team sprl will be in compliance with the rules prescribed by the competent regulator depending on where the ICO will be issued.Therefore,alltokenpurchaserswithoutanyexception,willhavetoprovidetherequireddataasilwillbespecified.Iftherulesarenotfollowed,par-ticipantsmaybebannedandwon’tbeallowedtotakeparttotheICO
Questions? [email protected]
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https://techmedev.eu/mailto:ico%40techmedev.eu?subject=
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18 Our teamOur team consists of people working on the project on a full-time basis, consultants, advisors and partner companies. Everyone’s experience is taken into consideration in order to produce a truly Community product.
David SCHMITZ
Founder techmedev sàrl - Business & Network Manager
Passionateaboutmediaandnewtechnologies,Icreatedtechmedevsàrl,aLuxem-bourgcompany.Graduatedinmanagementafterstudyinglaw,Iworkedforalongtimeinfreeradio,astechnicalmanager,speaker,journalistbeforecommittingmyselfinaveryvariedprofessionalcoursewhichreinforcesmyexperience.Finally,withthesupportofIcademieschool,i’mnowlearningcomputerdevelopmentandblockchaintechnologiesthroughthesupportsprovidedbytheblockchaincouncil.
Philippe MATRAY
Founder - Blockchain Project Manager
7yearsofexperiencein.NETcro