The Asia Blockchain Community, a brand operated under Blockcast.cc will be hosting an AMA session with UMC on 10 March 2022, 8.00 pm Singapore time (GMT +8) on Telegram Channel, Asia Blockchain Community (https://t.me/Blockcastcommunity).
UMC is a Revolutionary Echo System Created For Artists. Over the years, it has become increasingly difficult to succeed as a professional musician. Indie artists and aspiring musicians find themselves with more competition, less revenue from music sales, and a general lack of support to “make it”. They have recognized the need for an ecosystem to support the underground and indie music scene and have responded by creating EchoUG. EchoUG intends to revolutionize the music industry by leveraging the blockchain and a robust ecosystem to ensure artists, promoters, venue owners, and fans all benefit from a decentralized, secure and transparent approach to music management.
UMC’s ecosystem consists of a token with a purpose, cause and utility built on the blockchain and a user-friendly platform that brings together a community of artists, fans and vendors (e.g., promoters, eMarketer’s, venues, lawyers, etc.).
Their goal is to establish a fair and equitable system driven by the creation of good music. We are enabling artists to create and distribute their music, empowering a community of music lovers to support their favourite artists, while eliminating financial risks to promoters and venue owners. UMC Token holders will have a unique opportunity to shape the future of the music industry.
UMC token purchases, trading and transactions will generate the resources EchoUG will use to support artists, promoters and venues. EchoUG is a platform designed for music fans, artists, promoters and venues to come together and create a music scene driven by the music they love.
The UMC blockchain voting system enables fans to fairly help shape the music that makes it to their local stages. Based on voting, EchoUG will pay the talent expense for promoters and venues and in turn, promoters and venues will benefit from reduced event costs. In addition to the direct event funding, EchoUG will provide artist support services through grants.
They also have these selling points:
Promoter and Venue Support
Promoters and venues play an integral role in building up artists and creating a vibrant music scene. EchoUG reduces the financial risk to promoters and venues by removing the expenses associated with funding artists for shows. Removing artist expenses will allow promoters and venues to host more events, lower ticket prices, and ultimately, these savings will be passed to music lovers.
Artist Development
EchoUG will provide artists development support services for the top-ranking artists from each genre including, videos, marketing, tours, music production, Tax and legal advice.
Content Management Platform
The EchoUG platform will also host subscription-based and transaction-based content feeds that will drive quality interactions between artists and fans. Artists will have the ability to host and sell music content and customize viewing/streaming parameters by their fans (ex: Donate 5 UMC tokens to unlock a song requested by the fan).
The Asia Blockchain Community (ABC) is a community based run by volunteers in Asia. ABC understands the market well and is supported by a panel of blockchain and crypto experts and influencers. The community has hosted more than 50 projects in recent months.
You can also find out more about the project http://umcoin.io/.
