NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Not For Profit, For Artists!

NewsBTC
NewsBTC
7 years ago
3 mins read
icst

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Foundation run ICO, Individual Content & Skill Token (ICST), is offering entertainers a blockchain solution like no other. Here’s how they differ from the pack.  

The World Wide Web opened the floodgates for academic and creative content providers to distribute their material to a global audience. What the internet did not do is kick the middleman and his fees out of the picture. PayPal takes a cut at the point of sale, whilst Spotify presents musicians with menial commissions and YouTube rewards consumers with annoying advertisements. Let us not forget the billions artists lose out on each year thanks to illegal download and streaming sites.

Blockchain can take some of the pain away from these talented content sharers by removing intermediaries and facilitating unimpeded peer-to-peer, or artist-to-fan, exchange. Many have recognized and leveraged this game-changing technology in support of content creators, but one Singaporean start-up stands out from the crowd.

ICST is administered by the People-Joy Foundation. According to the ICST white paper, the Foundation is an independent and non-profit entity that ‘maintains and promotes the democracy, fairness, transparency, security, and reliability of the community’. Whilst blockchain companies like Choon boast more favorable profit splits, the foundation run ICST removes the barriers to entry for content creators and consumers altogether. It provides a zero-fee platform where creators retain 100% ownership over their revenue. ICST even issues copyright certification, so artists can focus on the fun stuff like making and sharing their material, not processing applications.

Unlike many blockchain-based competitors, ICST is not running a multi-million-dollar token sale. Rather, its goal is to give the community a chance to own utility tokens now in anticipation of the platform launch in Q3, 2018. The ICST token can be integrated into any compatible platform, meaning the token can be traded and used across multiple existing and new content sharing platforms. The company has focussed its efforts on preparing artists for what’s to come, rather than urging ICO participation. Demonstrating its use case prior to launch, the company is running an #icstidol Instagram competition, which rewards participants with 30 tokens per submission until 30 June 2018.

ICST has secured partnerships with talent shows American Idol & the Voice as well as mobile streaming applications StarMaker & Uplive. They have even buddied up on the blockchain, partnering with virtual gifting platform, Gifto.

What’s more, ICST has backing from parent company Kunlun technology and its billionaire CEO, Yahui Zhou. Kunlun is a leader in gaming and application development in China. The company is best known for its multi-million-dollar acquisitions of gaming app, Angry Birds & gay networking app, Grindr. It also acquired, built and sold Musical.ly, a content sharing & lip-syncing music app much loved by teens around the globe. Zhou is all too familiar with the plight of aspiring artists and will lend his experienced hand to the platform’s development as one of ICST’s advisors.

Funding, philanthropy and formidable allegiances aren’t ICST’s only points of differentiation. The platform creates an innovative revenue model for content consumers, rewarding them with tokens for sharing, reviewing, reporting copyright breaches and other engagement activities. Not to mention, an ad and spam free content platform where they can find and enjoy the music, education or videos they love.

Marking an unparalleled entry into the market, ICST will have a user base of 60 million upon launch in Q3 this year, with StarMaker app the first to integrate the protocol.  Learn more about ICST on the website or Medium blog. The platform also has a very active community on Telegram.

Join ICST Airdrop: https://www.westart.co/project/icst-airdrop

Share your talent and be rewarded, or vote for in the ICST idol competition: #icstidol

 

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

SpacePay Takes the Lead

Best Crypto Presale in 2025: SpacePay Takes the Lead

Most crypto projects promise big changes but deliver little substance. SpacePay takes a different approach by solving real problems that...

ericdunne519 2 days ago
SpacePay Is Solving the One Problem That Held Crypto Back for Years

SpacePay Is Solving the One Problem That Held Crypto Back for Years: Presale Is On

For a long time, crypto payments have been hard to use. They were supposed to be quick and easy, but...

ericdunne519 4 days ago
Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

Why SpacePay Is the Go-To App for Hassle-Free Crypto Payments

You’d think by now you could buy a latte with Bitcoin, but nope. It’s 2025, and we’ve had digital currencies...

ericdunne519 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

青色のプレゼントボックスの上にあるBTC

Bitunixボーナスキャンペーン開催中|最大710ドルの獲得手順

rinsuzuki 3 hours ago
Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

Why SpacePay Is Tipped to Be the Favorite Crypto Coin of 2025

ericdunne519 17 hours ago

Jemlit vs Mystery Box World: Кой е “царят” на мистериозните кутии?

Nikolay Aleksiev 23 hours ago

Premium Sponsors

Press Releases

  • Top kryptoměna ke koupi dříve, než vzroste o 2 200 %, podle Cathie Wood

    Top kryptoměna ke koupi dříve, než vzroste o 2 200 %...

    10 hours ago
  • The smartest way to make money in 2025: Invest in cloud...

    16 hours ago
  • Od Bitcoinu k BTC Bull: Kde leží skutečný potenciál?

    ...

    16 hours ago
  • Bitcoin vs. Gold: Which Is the Best Investment In 2025?

    17 hours ago
  • Profit of $5,735, senior trader uses Ripple (XRP) to open...

    17 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.