We are pleased to announce our next AMA on March 9th, 2022 at 01:00 PM UTC Time: Satoshi Club x Token || Traxx
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Token || Traxx Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Token || Traxx Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Token || Traxx
For more details:
Token || Traxx Website – tokentraxx.com
Token || Traxx Telegram – @tokentraxx
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
I’m much aware that TokenTraxx aims to revolutionize the music industry with the NFT and DeFi properties. This is really amazing considering the fact that alot of artists and other users are getting more familiar with the NFT music making it so popular in the Cryptosphere. I know Token Traxx has all it takes to accommodate the rising level of Artists joining the NFT music system. I would like to know how secured your platform is when it come to issues bothering on legal trademarks like copyright. How would you ensure that a user asset in form of NFT remains unique to the user? With these initiative, how can you assure Artists who are still skeptical about joining TokenTraxx. What makes TokenTraxx different from other similar NFT Music platforms that offer similar services and properties like TokenTraxx?
Music is the soundtrack to our lives, but in modern times, the creatives who produce the music we love get a raw deal for the value they create. But this may change, as the decentralization of technology has created an opportunity to address the problem. Because the Traxx token is not just the solution, it takes how we create, discover, enjoy and own music to the next level. How Token traxx protects music creators? Why should a musician join Token Traxx?
address the challenges of the music industry. It represents a company of people who are passionate about changing the status quo. Token||Traxx not only aims to solve the challenges music creatives face, but uses NFT technology to forge new streams of value creation. What are the options on how the music community controls and benefits from its intellectual property? What are the new value creation flows that Token traxx has developed?
Token||Traxx has a vision to bring fresh innovation to reward people’s creativity fairly. their goal is to forge a whole new way of creating, curating and collecting music through NFTs, enabling true creative freedom in music, something they call Music 3.0. What is the real concept of music 3.0 according to Token Traxx? What is the innovation of this model? What are the rewards that creators, artists and fans receive through Token Traxx?
Token Traxx responds to the needs of music artists with the capabilities of NFT, you are presented with a powerful solution that offers endless possibilities. What are the infinite possibilities that the traxx token offers from NFTs? How are artists empowered with Token Traxx? Is Token Traxx really a solution to the problems of the classical music industry? How do you address these problems?
We know that people love and engage with music more than ever. The adoption of streaming services and digital commerce platforms shows that people are willing to pay for music, when they are even offered a ‘free’ option. What are the different opportunities and products that Token Traxx offers to music fans? Is Traxx token a payment platform? will Traxx offer token streaming service and digital trading platforms?
Token||Traxx’s mission to be at the center of the new independent music creator economy, powered by NFTs, requires a platform that redefines and enhances the value of music. Token Traxx offers financial independence and creative freedom to artists and creators? the community in general can be divided in this process? How Token traxx redefines and enhances the value of music?
Token||Traxx will revolutionize and elevate the role of the curator in music. Curators don’t always make the music, but they know a great track when they hear it, and they are key to connecting the dots with music discovery and adoption. Through the amazing TraxxList concept. What is the traxx Token TraxxList? How does TraxList work? Who can access the Traxx List? What is the ultimate goal of this Traxx List product?
Just on the 7th of March you announced that the public sale for TRAXX tokens will be on the 14th of march.Just few days coming. I’m sure there is still a chance to be whitelisted. So can you tell us about the whitelisting process? Do interested members need to pass through the KYC procedures to get whitelisted? What are the requirements in order to participate in the upcoming public sale? Are there special privileges for those who stake $TRAXX? How many of this token will you bring up for sale during the public sale? Please can you share more details concerning your public sale?
Some of the amazing features offered by TT that got my attention includes;
DISCOUNTED gig tickets – This entails that TT is collaborating with promoters to deliver tickets.
FAVOURITE unsigned artists on the platform – Here, TT stakers will be able to submit artists proposals and vote on the weekly feature
ACCESS to lifetime festival passes – TT stakers will get first access to these drops and festivals
LIFETIME club membership – TT stakers will get first access to these drops
As a long term investor, I would like to be open to these amazing features. How do I go about it please? Are these features reserved for certain position in the TT platform? As regards staking on your platform, I would like to know how and what are the processes involved in staking on TT platform? For how long would I stake that I will get access to the above listed features?
It is stated that on Token||Traxx, creators will be able to allocate a percentage of their Writers Revenue (WR) to a Token||Traxx Royalty NFT and this WR is essentially the payouts that are allocated to music Creators, mostly generated from streaming platforms such as Spotify or Apple Music.So can you tell us what this Royal NFTs consist of and why was there a need for music creators to allocate their revenues to the Token||Traxx Royalty NFT? Will there be a fix amount of their Writers Revenue this music creators will allocate to the Token||Traxx Royalty NFT?Will a songwriter make thi unis allocations whenever he writes a song or it will be a one time revenue sent to the Token||Traxx Royalty NFT?What will the sent revenue be used for?Please explain Thanks
I learnt that there are Royalty licenses attributed to the sale of an NFT and license attributed to the streaming of music. These licenses are split into 3 categories, “master rights”, “publishing rights” and “performing rights”. I would love if you shed light on these categories of royalty licenses. What are the basic differences of these licenses? Who are entitled to get the master rights, performing rights and the publishing rights? What are the requirements to get any of these rights? What are the benefits associated to having any of these rights?
Music collectors drive the value and demand of music in the industry as such Token||Traxx is developing new ways to highlight a Collectors prowess.So can you highlight some of the ways Token||Traxx will increase the expertise or skills of music collectors?And how will this skills help them since they will be judged based on their ability to buy low and sell high, capturing the birth of a track and profiting from a bullish market due to the explosion in popularity?And how do you determine the best ability of these music collectors during the time of their buying high and selling low phase are there things you are really looking out for as you pass your judgement?Please explain Thanks
The music industry is very hard to break into because of the entry barrier that major labels create with their unethical marketing practices and most musicians are in it for the long game, hoping that it will eventually pay off. Unfortunately for those seeking a career releasing original music, it doesn’t pay off financially for most.So what are the various ways Token||Traxx have implemented to end this entry barrier for Musicians?And how will you ensure that music creators will make much money from using your platform?And another challenge going on for now is how RUSSIA’S invasion on UKRAINE is affecting the music industry.So what is your take on that?How will you support the Ukrainian and some Russian musicians who are not in support of the war going on but are greatly affected by it?Please explain Thanks
Focusing on the Three main driving forces of Token||Traxx Platform which are the Creators, Curators and colectors. Token||Traxx provides a powerful opportunity for Creators to engage on every level with fans in unprecedented ways using NFT technology, whilst simultaneously creating a whole new income stream. Can you briefly explain on creators, curators and collectors and functions of each in Token||Traxx Platform? How can I register to become a creators, curators or collectors in Token||Traxx? Will music right, Royalties and Revenues be supported for Creators in Token||Traxx? How can Curators earn from their Ability to spot untapped potential and bulid their own playlist?
I understand that there will be a TOKEN TRAAX benefits program inorder to encourage users to hold TRAXX tokens and there will be three tiers to the TOKEN TRAXX benefits program. can you explain more on the TOKEN TRAXX benefit Program? what is the minimum amount of TRAXX token a user must hold to be able to join TOKEN TRAXX benefits Program? can you explain on the three different tiers of TOKEN TRAXX benefits Program? what are the requirements for users to belong to each tier along with benefits, incentives associated with each tier?
Token||Traxx Token Generation Event (TGE) is upcoming and will take place on March 14th ahead of Public Sale, and Parties interested in participating in the public sale must be whitelisted. Can you share more information on your upcoming TGE events? How can users pre-register and get whitelisted to participate in upcoming sale of your Token? will token be listed on any DEX or CEX after token generation event?
In as much as token traxx has paved way for the music creators to earn while creating music it also will have way for fans to be able to feel closer to the favorite artist they have always wanted to and can also share in their success. How will token traxx make this privilege possible? How will you ensure fans can feel closer to their favorite creator? Do fans have to hold a specific amount of $TRAXX to enjoy this privilege? If so what is the minimum percentage Rate of $TRAXX they will hold?
There is very little left for its launch, do you consider that at a competitive and profitable level for investors it is more convenient to invest in these NFTs of music or the dynamic NFTs of games and collectibles, which can you recommend to investors when choosing which type of assets to invest, who can participate in your platform and present their talents, will they admit another type of NFT?
Which the link and degree of dependence of Token II Traxx with Zilliqa, Polygon provides more technological, financial and commercial advantages than other blockchain, all the strength and hopes of its platform is deposited in the NFT or they have other productive resources to strengthen their sustainability and structure?
The Music Industry has always been a really difficult space for those new artists that are just starting, during the past couple of years and thanks to the viralization of songs through platforms like Tiktok, they have seem to find a better way into the industry but still being a really hard thing to do. This lead me to wonder, does Token Traxx plan to become a platform where new artist can emerge and find their fan base? If so, how will you be able to help them? How do you plan to encourage new artists to join Token Traxx? What will you offer to them that the Music Industry outside crypto and blockchain technology can not offer to them?
Music is a powerful source that moves all kinds of people, but it is known that the strongest, most passionate fans are often teenagers, who seem to be taken over the social media and music field now at days, not to mention that each day they seem to be more interested in the possibilities that crypto (and mostly NFTs) could offer to them. So, with that in mind, I was wondering, what are the requirements to be on Token Traxx both as a creator and as a follower of the previous ones? How old do people need to be to join Token Traxx? Is there any age restriction or maybe parental control option for the youngest ones who want to join your platform? Also, will KYC be needed before starting to properly enjoy your platform and your services?
It is known that when it comes to music, creators often don’t receive the rights, revenues and royalties they deserved, ending up with less payment the deserved or even not having the rights to their own music. So, I was wondering, can you tell us more about how Token Traxx will handle this legal situation when it comes to the rights and revenue creators get from their own work on your platform? Will artists be the only owners of their music or will some right go to the platform? Also, tell us more about how much royalties will they received from their music on Token Traxx? Will the amount of revenue they received depend on the reception their work gets or will it depend on something else?
It is intended that Token||Traxx will be transformational in the music space that empowers the community to own a stake in the future of music. Does TOKEN T RAXX have any maped out staking program where holders of TRAXX TOKENs can stake ? What’s the minimum or maximum amount of TRAXX TOKENs to be staked? Are there different types of staking pool that Users can select from? Holding TRAXX tokens will deliver a wide range of functional benefits.Can you be tell us some of the used cases of TRAXX TOKENs?What are the functional benefits of holding TRAXX TOKENs?
Token||Traxx has a vision to bring fresh innovation to reward people’s creativity fairly. You aim to forge a whole new way to create, curate and collect music through NFTs, enabling true creative freedom in music.Can you tell us the different mechanism you’ve implemented to make this possible?You made metion of Music 3.0 ,I’ve only heard of Web 3.0 can you shade more light on this new feature? How will this new feature enhance the growth of TOKEN TRAXX? Through the use of proprietary NFT technology, how will users be able to mint their NFTS? Thanks
I read from your website thatToken||Traxx is an NFT marketplace, built by musicians for the music community, launching in 2022. It provides users with a whole new way to create, curate and collect music. Can you tell us 3 Unique features of your platform ?You mentioned That Token||Traxx was born from a need to address the challenges of the music industry. How does TokenTraxx intend to solve the existing problems and challenges of the music industry ? What are your marketing strategies attract more Artists and Fans into Token Traxx Platform especially now that the trend is on P2E and Games? Is your project focus only on Famous Musicians ? Are there opportunities for rising Musicians on Token Traxx Platform?
What are the essential tools that creators, curators and collectors must possess to thrive in the Web3 environment and which of them does Token ll Traxx have the ability to provide them, what is the core vision of Token ll Traxx, how does it plan to forge a truly balanced ecosystem to fair and balanced satisfaction for all participants, in addition to its launch, what other significant and predominant milestone do you want to achieve during 2022?
I read that Token||Traxx will be introducing the concept of music 3.0 which can enhance music discovery, sharing and trading on marketplace. Can you briefly explain what music 3.0 concept involve and how it is expected to revamp the present musical landscape? Since your services is suitable for musical creators, curators and collectors, how will you promote a symbiotic interaction among these levels of individual and what opportunity can your platform offer them? How will Token||Traxx enhance musical value as well as restore legacy, creativity and worthy value back into the musical industry?
I understand thatToken||Traxx is a new music platform on a mission to reward artists’ creativity fairly through an innovative use of NFTs. You also mentioned that Traxx Token platform’s infrastructure is built on Zilliqa’s blockchain technology. Why is Traxx built on Zilliqa’s Block chain? What are the use cases of the Traxx Token for Holders? Can users stake Traxx Token? If yes please tell us about your staking mechanism ? Do you have a staking options and what is the minimum requirements for users to be able to stake? What are the benefits of staking Traxx Token for a long term? What is the Gas fees of Token Traxx ?
You plan to introduce several disruptive innovations such as staking to obtain membership level, ability to monetise playlist and a royalty based NFT reward system. Can you tell us more about some of these advances and how they are to be used? How much should user stake to obtain a premium membership status and how are membership level renewed? How can users who help other users discover interesting music through their playlist get incentive for such endeavour and How does the royalty system works?
Earlier last Month you announced the allocation of $10,000 TRAXX tokens for distribution via a community bounty campaign to celebrate the forthcoming Token Generation Event (TGE) on the 14th March 2022 and This campaign ended 28Feb. Will you still announce another campaign as regards to the Upcoming event? Can you tell us more about the upcoming event? What are the requirements to be part of this Event? How can users get to the whitelist for this event ?
You have announced partnership with companies such as Wasted Talent, Planes and Sors.. Since some of these partners are more established in the traditional music industry, can you explain the various ways in which these partnerships are designed to assist you in delivering on your Project’s musical and blockchain ambition? Also, you said you are in top discussion with a tech company which will allow you to create a new approach to tackle the problem of plagiarism and copyright infringement. Can you tell us who you are partnering with for this and how you will use technology to combat the lingering menace of copyright or IP theft?
Token||Traxx aims to bring NFTs to the masses and your protocol is built on Zilliqa. Can you highlight some of reasons that made you to launch on this blockchain? What exclusive experience does it offers to users and how does it enhance musical service demand? Apart for being built on Zilliqa, do you plan a cross-chain approach and bring this down service to users on other blockchains?
The Token||Traxx platform is said to provide a powerful opportunity for creators to engage on every level with fans in unprecedented ways using NFT technology, whilst simultaneously creating a whole new income stream. There are different roles that users can perform in the Token||Traxx platform, one of which is the “Curators”. “Those who have a good ear for music can become Curators and can earn from their ability to spot untapped potential”. Can you give more information about this? Can you give a detailed explanation about the role Curators perform in Token||Traxx and how they can earn and benefit from the Token||Traxx platform?
“The Token||Traxx team wants to mix the best elements of the traditional music business with the concepts of Web3. Those traditional elements revolve around artist discovery and development”. In order to achieve this, you decided to introduce the Token||Traxx Creator Accelerator Program through which some of the most respected and established music professionals have been brought together to provide mentorship and support for key artists. Can you give more information about this? How can interested Creators take part in this Accelerator Program? What are the requirements that Creators must meet to be able to access a mentor through this program to help them with their music development?
“It is intended that Token||Traxx will be transformational in the music space that empowers the community to own a stake in the future of music. Users can join this movement by holding $TRAXX tokens which will deliver a wide range of functional benefits”. I found out that there are three tiers to the Token||Traxx benefits program. Can you give more details about this? What is the amount of $TRAXX tokens that users must hold to qualify for each of the tiers? Can you also mention the various benefits that users will enjoy in each of these tiers?
The value of music has been underestimated for many years while musicians are given crumbs from the funds for the success of their work… I would like to know if Token Traxx really seeks to support the growth of new artists by offering fair profits and minimum taxes… could you tell us about the benefits for new artists? How fair is the monetization of music on your platform?
Token Traxx seeks to give collectors a space too, could you tell us what exclusive features will be available for NFT collectors? Is it worth investing long term in Token Traxx? Is it possible to receive interest for owning music?
Do you have any strategy to attract new talents, developers to your platform, will you have any security measure to protect the music and content of its creators and preserve the authenticity of the NFT, to participate in your next event will you have to pass KYC?
How long will it take for the KYC verification, with what tokens can we buy the TRAXX token, what will be the percentage assigned to be divided among the creators, curators and collectors that use the platform, tell us about the three levels in the TRAXX TOKEN benefits program , on quecfacpres depends the level of ownership of the token, the possible rewards and benefits of membership?
What is the range that you have considered to expand, do you want to reach beyond your local borders, what can we find in your NFT market and what makes it different from other markets, what reasons can you give us so that we can trust your team?
I noticed that your platform was built with Zilliqa, could you tell us the main reasons and advantages to support all your future features?
I read that TRAXX tokens will be generated and bridged to Polygon network after its launching on the Ethereum mainnet, could you break down more information regarding this bridge? How much do you expect to reduce the impact of the cost of gas and fees with this action? Also, could you tell us how to take advantage of the public sale on 14th March?
I read on your website that Token TRAXX has been designed for Creators, Curators and Collectors, so can you share with us, what are the features you have developed to offer to these 3 types of users, how do you create a unique experience for each of them and if it is in your hands could you also tell us, if Token TRAXX is focused on providing the same opportunities to those small and medium musicians as it is given to the big names in music and if so, tell us why Token TRAXX is the ideal platform for new artists who don’t have fans?
On their website TokenTraxx says that they are a new beat and that as the way we are relating to music is evolving, Token||Traxx wants to usher in a new era for the music community, so tell us, if you want to revolutionize the music industry with NFT and DeFi, what features and functions are you creating to truly revolutionize the music industry, let’s talk about exactly how you will get a new beat and how you will begin to make a difference and usher in a new era for the music community?
I read that Token Traxx is an NFT marketplace, built by musicians for the music community, that brings a whole new way to create, curate and collect music, but what are those whole new ways that Token Traxx thinks it is introducing to music entertainment and tell us How do these new tools improve the experience when creating, selecting and collecting music?
I read that Token Traxx is proud to be built with Zilliqa, its strategic founding partner, and Polygon, its ecosystem development partner, so could you explain to us, Why did you choose Zilliqa, qualities are the advantages it offers you and tell us how together to Polygon will make Token Traxx have the best features in the market? Tell us about the opportunities you will be able to offer, thanks to Zilliqa and Polygon?
One of the ways Token||Traxx aims to take the experiences of creators, curators and collectors up a notch is through incorporating many different permissions within the smart contract. Can you tell us some of the different permissions that you plan to include apart from the basic permissions? What are the use cases? I read also that Token||Traxx will reward a Curator’s ability to hunt out, compile and share amazing music. On what basis will this reward be given? What are some of the rewards a curator will get?
I understood that Token||Traxx was born from a need to address the challenges of the music industry and that Token||Traxx not only aims to solve the challenges faced by music creatives, but use NFT technology to forge new value creation streams…what were some of the challenges you saw in the music industry that birthed Token||Traxx? What are the measures you’ve put in place in order to see that these challenges are handled? Can you explain more on how Token||Traxx plan to create new value streams by using NFT technology?
TRAXX will be going live with a TGE via the Sorted Dealroom on March 14th. As I see your project will be the first one in their platform,can you tell us why have you choosen Sorted Dealroom platform and decided to be the first project?As this platform is new for many users how can a new user join on it ?Can you guide us more regarding kyc and other details on it?
Looking at the Token Traxx benefits program, I observed that there are three tiers to the Token Traxx benefit program; Tier1, Tier2 and Tier3. Please state the major differences between these three tiers of the benefit program. How can a user qualify to become member of each of the tiers? Will it be based on promotion? What is the minimum amount of Traxx token that must be held by a user in order to join the benefit program and what advantages are tied to each tier? What verification process do you have in place to ensure that a user doesn’t run multiple accounts so as to get multiple rewards off the benefit program?
Thanks
The token traxx market place is an on chain facility built by musicians for the music community which will enable users, musicians to create, curate and collect the hottest tracks. What major features should we expect to see on the market place? Will the Token Traxx market place provide independent distribution and control over commercialization? Please explain how the reward structure of creators will be like? I further read that all transactions on the market place will be based on the token traxx token. Is there possibilities of implementing fiat payments and payments in other cryptocurrencies in future?
As a musician, what basic information would I provide to to get started on the Token||Traxx platform? A major challenge faced with some music related platform is the issue of stolen or pirated contents. I would like to know the innovations/policies/measures put in place by the Token||Traxx platform to address this issues. How would Token||Traxx ensure that a user is the owner of a musical content being posted on the platform? Is there any form of censorship to the type of contents that can be posted on the platform? If yes, please give details. Do you currently have any partnership of any form with top musical celebrities? Give an insight on this. Thanks
Greetings TRAXX Team
I understand that your projects Aims to Merge the Blockchain Tech and the Contemporary Centralized Music Industry, with that in mind, i would really like to know the Forms and Types of Strategies you’ve adopted to futher Bring or Attract the Large Numbers of Untapped Music Listeners and Also Artist to your Ecosystem, how user friendly is your Tech? Is there an easy guide to which New Cryoto Users can easily relate to? What are the Major benefits being a User of your Technology? Furthermore i would like to know if you also have Any Form of Artist Management Or An Educative platform to which Young and upcoming artists could be able to better their skills and futher understand Defi. Thank you
Going through your platform Extensively, i Understood that Token||Traxx is designed to support the symbiotic relationship between three tightly defined groups within the music community, and these groups are Creators, Curators, & Collectors, Respectively. i would very much Appreciate it if you could give Extensive Informations to the Characteristics of these 3 Defined Groups mentioned Above, how do you Intend to Support and help these three Categories Of Groups? What features have you created to Revolutionize these Three Categories? What innovations does your Platform brings to the Table that Other Contemporary Music platforms out there are lacking behind? What values would you bring to these Three Categories? Thank you
Going through your Social media platforms i saw that you are Extending your Bounty Hunt Campaign by over A week, due to Popular Demand, could you please state the Procedures on how we can also participate in these Campaign? I would also like to get information about your Token Generation Event which was Stipulated to happen on March 14 2022, could you please also provide Details of how these Events is going to be Carried out? Do you have Any Exchange in mind to which you plan on Listing your Token? Thanks
I found out that on 3rd quarter of your Roadmap you plan to launch a Traxx Stemz NFT and you will also launch an artist. So, could you tell us and describe in advance more about this Traxx Stemz NFT that you are going to launch on 3rd quarter?What is the main focus of this Traxx NFT Stemz? As many platforms that has an NFT items,so why would anyone must choose to explore and to give interest this kind of NFT of yours? Any benefits and better offer especially for early purchaser of this NFT? Moreover,what skills and experience you are looking for the artist that you are going to launch and how would be the deals between your platform and the artist in Traxx?Any benefits of this artists? Thank you