🏛️Architecture

Bullchord unites web 2 and 3 through the dynamism of the blockchain algorithm and design pattern of Bullchord. These allow the users and artists that are used to the conventional use of web 2 to connect seamlessly from web 2 to 3 through a single touch on their device.

Chain Activators Secure the transaction cost by staking BullChord tokens and provide liquidity to approve transactions of music for fast adoption of artists around the globe.

Artists

Mint and upload their assets through the approval of the Chain activators on the chain for off-chain accessibility and usability.

Assets Holders

Music assets holders. This could be anyone in the community that has an interest in investing in music to have a potential future gain and earn from the listening, streaming and volatility of the assets.

Assets Users

The assets are musical assets, and the users are the listeners. The amount of users in the ecosystem gives more power to every music that is being listened to. More streams, more value.

Process #

Chain Activators

There are two processes for chain activators to approve music on the chain.

• The pseudo-random selection process is a process of selecting the chain activator through a random selection process that is determined by the amount of staked tokens, the age of the token staked and the number of total chain activators. This process allows a random pick of chain activators.

• The swift selection process is a process in that chain activators are swift to get a contract call from an artist and swift to approve their transaction, and this is based on the fastest chain activator.

Chain activator gets shares on the sales of music they approve on the network.

To be a chain validator

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Reward

Chain activators get a commission from every sale of the assets they approved on the chain by providing the network fees.

Market price vs Market value.

Music is in two forms. The market price of an asset is the current tradable value of the assets (NFT) in the market. The market value is based on the growth of the music on-chain and off-chain based on the number of listens and streams. The growth of music can affect the current value of music on chain, the music must have a minimum of 100,000 streams across Bullchord, YouTube, and other metrics like Billboard and Song ratings on the chain and must maintain daily streams of 2000.

Reward Distribution For Music holders.

Assets(NFTs) staked earns a minimum of 15% APY on Bullchord and change based on the growth of the music.

Reward Distribution For Streamers and End users.

There is a weekly 10,000 pre-mined token from a smart contract designed for the streamers on Bullchord, which is called the Decentralized Chord Reward (DCR). The contract allows everyone in the ecosystem with tokens in their wallet to vote and increase the weekly reward which will be distributed to users based on duration online and total duration spent by all users and the total generated reward.