AMA: Corite x GTA TRADING
AMA: BITLOCUS x GTA TRADING
Part 1: Warm-up questions:
- Please introduce about yourselves and Corite?
ANS: Hi, I’m Mattias and I’m the CEO of Corite, Corite is a platform powered by fans and artists to finance and promote music, while having fun on the way. Fans invest in and support their favorite artists to give them resources and possibilities to realize their dreams. To sum it up: we’re all about Fan Power.
- What special things in the Corite project?
ANS:. I think it’s a combination of a huge market opportunity, a great idea and an experienced team that will be able to execute. We have successfully run corite.com since late 2019, which is our current FIAT model. This have given us many important insights that we now bring into the world of blockchain. We believe in the power of fans and communities — which has been one of our biggest focuses since day one. Tapping into blockchain and all the possibilities that come with it will only open up even more opportunities for both artists and fans. We know that our model works and it is competitive. Now it’s time to add even more value to it! We have also an extraordinary team with a unique mix of music and blockchain experience. In the end it’s all about the execution :)
- Can you share with us the vision and goals of Corite in the future?
ANS: Yes of course, “Me and Emil, my co-founding partner are true music lovers and we’ve been working together for many years. We spent five exciting years together at Universal Music at the time Spotify was launching. Since then the music industry is growing fast, and competition is fierce among millions of artists. Three years ago we came up with the Corite concept and also found Emelie and the rest of our team who helped us make the idea a reality. Corite will help the growing number of independent artists with new, innovative solutions to finance and promote their projects, utilizing the fan community to cut through the noise of 60k songs released every day on Spotify and other digital service providers.
The new music industry will be driven by hundreds of thousands independent artists using the power of the fans to grow their careers. Blockchain technology is the perfect answer to this trend, enabling artists to keep control of their art with higher margins and also create new revenue streams monetizing digital art and music. This is what we call fan power and this is what will make us unique. Corite is the platform where artists and fans join forces to build the future music industry, ruled by artists backed by fans. “
Part 2: Pre-selected questions:
- What are the unique features/services that would make Corite outstanding from other competitors?
ANS: There are no direct competitors in the Blockchain space right now. We will have a pool position in what we do. Our competitors are the traditional record labels and music distributors. We are disrupting their old fashion ways of doing things by introducing our concept and we believe we will be highly competitive. Corite lets independent artists use their fan power to the fullest, while getting their music on all major streaming services, such as Spotify, Apple Music, TikTok and YouTube. Please learn more at corite.org.
2. We are currently in the boom of the NFT market, which revolutionizes all DeFi with its authentication features and indefinite value, do you think that the NFTs provided in #CORITE will be able to compete and keep up with a market that is in full development?
ANS: The NFT space for music is still to be explored and is very exciting at the moment. Initially our platform will provide two types. Tho Corite Originals will be limited edition versions of the songs we release through our fanpower platform, just as the limited edition vinyl presses of the past. We will also help the artist create digital merchandise. Check out our recent project “Emotions” with the American up and coming artist Emery Kelly, corite.com/emotions.
3. Without proper marketing and capital infusion, project dies, how do you convince us you have adequate marketing power and capital to push this project to the top project ?
ANS: You are right, We believe we have a strong product, team, capital and network already. We are music business insiders as well as serial entrepreneurs. We’re also partners with high profile independent music label Hitco Music in the US. Multiple advisors, investors such as Kyros and significant KOLs in the crypto space and music business have joined so far. Perhaps even more important are the artists and the fans themselves which already are using our platform. The $CO token will serve as the native token of our platform and will be used to drive and reward behavior that builds value, such as investing in and promoting music.
Most importantly, we have always focused on the ordinary fan, with no prior knowledge of the financial sector. Backers invest in music and use our platform because they love music and they only need to have ears to make up their minds 🙂 We’ll be using Chromia which is the tech powering the most successful launch on Binance this year: the builder game My Neighbor Alice. Like Corite, it’s been dreamed up to work for the mass market. This will involve striking a balance between a more centralized model in the beginning with custodial wallets, while allowing advanced cryptoheads to have fun and contribute as well. As we’re doing this together with some of the most experienced people in the industry who once worked with Vitalik and other pioneers to create early tokens, we are in a really good position!”
4. Almost 3/4 of investors are focused purely on the price of token in short term instead of understanding the real value and health of the project. Could you tell us on motivations and benefits for investors to hold #CO token in long term?
ANS: Yes, we are in this for the long term and so are our investors. We want to reshape the music industry at its core and that will not be done over night, but when we succeed it will be massive. I believe the music industry is the perfect industry to transform into a more decentralized ecosystem, run by the artists, backed by the fans. Celebrating the victories and value increase together as the music and the platform grows.
5. How do you plan to spread awareness about your project in different countries where English is not spoken well?
ANS: We strive to work with great partners across the globe that will help us localize our content for everyone to be able to take part of our journey in a language they speak and feel comfortable with, just like we do in this AMA.
Part 3: Community interaction
- Where i can get all the latest news about ? Do you have Twitter/Telegram/Discord community? If yes can you share the link here because there is a lot of fake telegram/twitter groups
Thanks for this question. Please sign up at corite.org for the latest updates and follow us on Twitter: https://twitter.com/Coritecom and of course here on Telegram.
2. Are you afraid some day there will be another project with more innovative technology can replace your project ?
I think it’s quite the oposite. We are building a decentralized ecosystem that will benefit of more projects and companies using our platform to build fan power. If any competition arize I also belive there willl be room for severall players in this market, atacking the challanges and oportunities in different ways.
3. Currently a lot of people are looking at NFTs, metaverse, and games. Can you tell me what advantages will you have in this field future?
Yes, as I wrote earlier music related NFTs are a very intersting field where we want to take a thought leader position, helping artists exploring the many oportunities the technology will bring. Please read the column I wrote for the Fortune the other week for a deep dive in how a envision this. 🙂 https://fortune.com/2021/10/29/nfts-music-industry/
4. What are the competitive advantages of your project? What advantages do you have over competitors? What would be your project secure most similar contender in the market today in terms of scalability, security, features, and adaptability?
We have a really good experience since we launched our FIAT model in 2019, and have since then learned alot about the behavoiour music fans and artist have when it comes to investing money, but also what they spend their money on. We have built our teams on pure skills and passion, and working with Chromaway on this project is something we are very proud of since they have a long experience in this fairly new world, being the best on what they do. I think we will stand strong against anyone.
5. According to the project’s roadmap- what are your most important next priorities?
Currently we are about to close our private round which secured the capital we need to build the extraordinary product we want. Next months we will launch a number of exiting NFT projects and our platform MVP, introducing Fanpower to the world. We are also planning for the public launch of our token $CO. Sign up at corite.org for the latest and upcoming announcements.