What is SOMESING (SSX)?
SOMESING is a blockchain-powered mobile karaoke application that provides access to high-quality audio recordings created by its users, all around the world. It features an efficient token economy that rewards content creators with tokens distributed through smart contracts on the blockchain.
With SOMESING, users can access social music services without charge, and even make money while producing their own compositions on the platform. Moreover, after they upload these tunes to the platform, the app assists in promoting them to a suitable crowd. Also, SOMESING provides studio-standard audio quality as well as real-time synchronization and sound effects for all its users. In addition to that, this innovative application also rewards its contributors with presents and assistance for their hard work.
Besides, the platform encourages the connection between external service users and SingLovers by allowing them to exchange or buy services from sources other than SOMESING utilizing its SSX (SomeSing eXchange) token. The live SOMESING price is displayed on the live SSX price chart featured above.
Use Cases of SSX Tokens
For starters, SSX tokens are used to compensate SingLovers for creating promotions and events (such as fan gifts, support, and other joint activities with communities and events).
Moreover, a one-time SSX crypto token deposit is needed to secure the song that a user wants to sing. Though this deposit is returned to them when they leave the service.
Additionally, SOMESING tokens are rewarded through sponsorships and gifts from the community. You can know the value of these rewards by checking the live SSX price on the aforementioned SOMESING price chart above.
Who Founded SOMESING?
SOMESING was rolled out in March of 2019, with a team of 25 personnel working to make it possible. Heuibae Kim is the CEO and founder who leads the team. Hyunkeun Yoon is the Chief Operating Officer, Jason Kim is the Chief Global Business Officer, Jaehoong Chang is the Chief Technology Officer, and Heeseok Choi is the Chief Product Development Officer. Besides that, JunHee Han works as a blockchain developer and has Doug Ahn as his colleague who holds the position of Chief Visionary Officer.
SSX Tokenomics
The SSX token has a max supply of 5 billion tokens. The tokens were distributed in the following manner: token sale – 20%, team and advisors – 15%, partners – 20%, community – 25%, and Reserve – 20%.
The fixed supply makes the token more scarce. This might reflect positively on the SOMESING price in the future.
