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Potentiam Empowers Musicians through Blockchain Technology




The music industry has a long history of extracting every last cent from musicians, before leaving them high and dry at the drop of a hat. The record label stereotype is greedy and even blood-sucking, entirely out for themselves despite their existence to promote and support promising musicians. New blockchain start-up Potentiam is looking to change that. Their vision is to leverage the power of the blockchain to seize control and put it back in the hands of the artist.

Founded by the same group that brought us the music discovery platform Britznbeats, Potentiam is still in early alpha. Despite this, they attracted a test user base of over 5,000 artists – all eager to get started. Starting with music creation through decentralized applications, the platform goes all the way through licensing to public performance and venue booking.

A Blockchain Record Label

Potentiam’s ambitious roadmap involves supporting their artists at every level of music creation and distribution. To this end, they intend to create a series of modules that will replace every aspect of a traditional record label – starting with their digital production studio. Hosted as a decentralized application on their blockchain, the digital studio offers a robust suite of tools to musicians. All aspects of music recording and editing are available, as well as various operations for collaboration.

Once the music is complete, the program adds it to the catalog management system. Copyright is partitioned out to the collaborating artists, and all pieces within the catalog become available for sampling. If another user samples an artist’s song, the original artist receives a prompt for licensing rights. They can then accept or refuse on their own terms. After establishing their catalog, the artist can then use a full suite of modules to get their music out to new fans.

Complete Vertical Integration

The Potentiam distribution modules offer an entire array of options for generating income. The traditional pathway is through their digital distribution module. It serves as a gateway into traditional media services like iTunes and Spotify. It gives the musician the tools that they need to upload their music to these services. Revenue generated through these services routes directly back via smart contract and deposits into the musician’s account using the Potentiam cryptocurrency.

Should someone want to make physical media copies of the music, the physical distribution module provides that option. Manufacturers can license a user’s music for print on a CD or vinyl to create their own mixes. Often overlooked as a source of revenue, the sync licensing module opens the entire catalog up to those looking for background music and soundtracks. Through this module, users can grant licenses for advertising and secondary media. The public performance module creates a market for event and radio music. Finally, the booking agent module is a portal for venues looking to hire live bands.

Their Recent ICO Extension

Potentiam reached their ICO soft cap fairly quickly – generating almost three times that amount in the time since. However, they have decided to extend the ICO program for an additional month to get closer to their projected hard cap. Given the low price of Ethereum in the current market, this gives new investors a golden opportunity to purchase Potentiam. The development team, heavily invested in blockchain technology, pegged their PTM tokens to Ethereum. This means that PTM is at a significant discount for as long as Ethereum’s price remains suppressed.

Potentiam Solves a Persistent Problem

While everyone complained about the predatory practices of the music industry, Potentiam came up with a plan to curtail them. Their development team has set an aggressive timetable and delivered on their promises. Their artist base is already measured in the thousands, and that is just for the initial alpha test phase. The Britznbeats team brings experience within the industry and a history of discovering promising musical talent. All indicators suggest that Potentiam will succeed in their endeavors, offering investors a chance to get in on a big project early.

Potentiam’s extended ICO will end on April 23rd, and tokens can be purchased directly on their website at

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of U2start via Flickr


Investors Beware: Another Large Bitcoin Crash Might Be Coming



Bitcoin crash

The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Top 3 Coins to Buy Before They Go Big




Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.


Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?



crypto credit cards

It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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