Even better: continuous music experience.
Over 375 million active fans make music events truly worldwide. We, too. You, too. BUT! The current state of the music events industry is highly fragmented, everyone’s individual networks limiting their reach, no available data, no event-oriented engagements. Despite this growth and popularity, music events reveal a surprisingly chaotic ecosystem:
Venues and artists are limited in ways they can reach each other, access to opportunities for both sides being ine!cient and segregated
Scalpers and ticket forgers make as much as artists and organizers who create events, amounting to $8 billion per year in lost value
Event organizers have no empirical data about their fans’ preferences, trends, and wishes, making every event a highly risky venture
Fans lack event-oriented engagements such as dating, socializing, surveying, voting, and many others
BeatBind will aim to solve these problems one by one through the development of its Platform and the wider ecosystem. The key idea is to allow all participants in the event organization ecosystem to efficiently to connect and interact. So:
BeatBind is the first significant attempt at digitalizing and streamlining the music organization process since the birth of the nightlife culture! 🎧
We will capitalize on the high demand for the best artists, organizers, and venues and raise their rates significantly using various auction models. BeatBind will give rising artists more opportunities both locally and globally. Furthermore, fans will be able to directly purchase tickets from organizers of all events created on BeatBind, preventing fraud, forgery, and ticket scalping. As the Platform scales, barriers of entry will be lowered significantly for all parties. And finally, BBND as the official token will capture a good part of that new value, which will be created for the first time in the world.
BeatBind is the industry’s long overdue platform for music event organization. Let’s see how.
Imagine you’re a venue owner. You want to hire a DJ for a Friday night at your club, so you open BeatBind and search for a local DJ available for that date. You see a prominent performer featured in the first result — he matches all your needs, from the music genre, experience and popularity to reliability as determined by his track record. You see there’s already a bidding war for his performance on that date, several clubs already trying to hire him on the same Friday night.
So?! How BeatBind can help?
The current price for him is $10,000 — but seeing that BeatBind prediction engine estimates a revenue of $30,000 in liquor sales for your club if he performs there, you feel comfortable placing a $20,000 bid on him. Soon after, you find out you’ve won! You then proceed to make arrangements with the DJ for his performance, knowing you’ve both found the right fit.
BeatBind helps you estimate whether bidding on a DJ will bring you enough extra money from alcohol and ticket sales to justify hiring him. Also, if your venue can’t cover the costs of the performance at that particular moment…then, yes — BeatBind has a solution: We’re developing a multi-stage business, each level standing on top of the other, to tackle each of the industry’s 4 prevailing issues:
BeatBind connects DJs, artists, venue owners, and everybody else involved in the music event organization process in order to provide the best opportunities for all. Through BeatBidder, leveraging auction systems, we strive to both increase revenue for the most in-demand DJs and venues, while the sheer size of the market cuts costs and lowers entry barriers for virtually everyone who takes part in creating music events. BeatBind also counts promotions, sponsorships and event organization outsourcing among the services that can eventually be exchanged on the platform.
Ticketing will be a default feature of any event created on BeatBind, which will directly be sold and shared with our fanbase, massively decreasing entry barriers. This prevents ticket scalping, forgery, and the rise in secondary markets that steal $8 billion annually from the creators of events. The BeatBuy will eliminate this problem and bring that money back to the pockets of artists, organizers, and all businesses that actually create the experiences.
BeatX App gives fans the impact they need to shape the event they’re attending, and event-oriented experiences like dating. Fans will have access to newsfeeds and will be engaged in multiple ways to help the organizers better shape the very events that those same fans are attending. In order to ensure the integrity of all transactions and to protect all parties, we plan to introduce a rigorous escrow protocol for refunding money in case of failed transactions and handling disputes.
The power of the BeatAi is in providing revenue projections and other heuristics that help all platform users to decide whom to hire, where to perform, or when… Our platform will use machine learning to produce revenue estimations to help you justify decisions in any part of the music event organization process. This will greatly reduce risk and spur even more growth. We believe this is just the step the industry needs to take to step out of the dark caused by the lack of data and make better decisions.
So, the next time you are wondering:
BeatX will always find the party that fits your style every day of the week.😩😎
Check again! :)
We will make sure there is!
Join us to make it real:
Beat Bind Whitepaper to know more about our platform.
Beat Bind Pitch Deck for Quick overview.
On Facebook to spread the value.
On Twitter to gather all music lovers, event organizers & performers together!
On Linkedin — to back our IEO, and move on!
On Instagram — to show us how you like to party
Everywhere — to be the 1st who can try out #BeatBind Daap!
Because #BeatBind is Reinventing How Music Events Are Organized, with You 🔥🔥🔥
