Rhythm Whitepaper

Welcome to the Rhythm Whitepaper! This whitepaper contains the project's wallet holder perks, tokenomics and safety measurements.

Wallet Holder Perks

As tokens are burned, the minimum token amount required for each tier will be lowered. More perks will be added to this list in the future and any perk suggestions are welcomed.

All Holders

  • 5% of every transaction is redistributed to Rhythm holders
  • First 10,000 holders will receive the "Early Adopter" NFT pin when the community market opens
  • Purchase BeatPlaylist premium using Rhythm

Millionaire Token Holders (1m+) - Silver Tier

  • Silver Tier Discord role
  • Millionaire NFT pin (Silver Edition)
  • Front of the waiting list for future Airdrops

Millionaire Token Holders (10m+) - Gold Tier

  • Includes Silver perks
  • Free BeatPlaylist premium as long as the wallet connected to your account holds over 10 million tokens
  • Gold Tier Discord role
  • Automatic entry into every lottery with 1 free ticket
  • Millionaire NFT pin (Gold Edition)

Millionaire Token Holders (50m+) - Diamond Tier

  • Includes Silver and Gold perks
  • Early access to purchase community market NFT pins
  • Diamond Tier Discord role and access to Diamond Tier chat
  • Millionaire NFT pin (Diamond Edition)

Tokenomics

Token

20,000,000,000 (20 billion) total supply

3,500,000,000 (3.5 billion) burned tokens

385,000,000 (385 million) team member tokens

Burn will stop at 1 billion tokens - (Will hold a vote)

BSCScan

Transaction Tax (10%)

5% distributed to holders

3% added to liquidity pool

2% added to artist wallet view spending

Token Stats

Current Price: $0

Holders: 3

Market Cap: $0.00

Diamond Users: 1

Gold Users: 0

Silver Users: 0

Why should you invest and hold Rhythm?

Our Product

BeatPlaylist is what YouTube Music should be. A community driven Desktop music streaming platform with over 100 million songs, music videos and podcasts that is built on-top of a Chromium Browser. Our embedding tools allowed us to build a powerful, yet simple to use, interface that turns YouTube into a streaming platform that people will want to use.

BeatPlaylist takes full advantage of the power of the Rhythm Protocol at its core. The Rhythm Protocol will power the wallet perks, NFT pins, NFT playlists, NFT albums and all of our future projects.

We are community-driven and plan on staying that way with community votes on new features we should add to BeatPlaylist, more use-cases / new projects for our token, and much more.

NFT Pins

We will be releasing our NFT pin community market early Q1 2022, where verified artists will be able to list their pins for sale. Pins will be limited edition, tradeable and sellable on our market.

We plan on partnering with Artists, YouTubers and Twitch Streamers, where we will release limited edition NFT Artist, YouTuber & Twitch Streamer character pins

NFT Playlists

Did you make a great playlist that gained a large following? List your playlist on the community market as a Limited Edition NFT playlist. Playlists that you have purchased will be displayed on your profile. NFT playlists will be tradeable and sellable on the community market.

This feature release date will be announced during Q4, 2021.

NFT Albums

Partnered artists that release new albums and singles will have the option to list their new releases as a Limited Edition NFT on the community market. NFT albums and singles will be tradeable and sellable on the community market.

This feature release date will be announced during Q4, 2021.

BeatPlaylist Features

BeatPlaylist
  • Full access to the entire YouTube Library
  • Create a playlist or try one curated by other members of the community
  • Stay up to date with your favourite artists and their new releases
  • Sing along to your favourite songs with lyrics view
  • No limitation to the amount of songs you can add to a playlist
  • Edit music metadata
  • Stream ad-free music and music videos
  • Connect your wallet and unlock wallet perks
  • Buy Rhythm with debit/credit card
  • NFT pins, playlists, singles, and albums displayed on your profile
  • Trade, Buy and Sell NFT's through our community market
  • Upcoming Artist Launchpad

The Development Process

1
Plan the project.
2
Pitch the project to get funding (Funding a project of this magnitude would require millions dollars).
3
Contact different music labels for the rights to use their catalog of artist music, albums, etc.
4
Develop the music streaming project.
5
Promote the project and once the project starts building a large user base, you contact the music labels you are signed with and work out a better cost-per-stream rate so your business can become more profitable, which results in artists being paid less.
1
Planned the project and realized we could use an embedded web browser to build a wrapper over YouTube.
2
We spent four years building three different versions of BeatPlaylist. The first version was a program that had everything thrown together to prove it could work. The second version was a UX / UI update of the first version. The third version was a complete re-design and re-development of the program. This time with a planned design structure and UI/UX designer for the designs.
3
After version 2, we pitched BeatPlaylist and received $50,000 of funding to pay for licenses and equipment to continue developing the project.
4
After planning and searching for the perfect way to promote BeatPlaylist and after witnessing Safemoon's achievements, we realized we could also develop and apply a token to BeatPlaylist that would have both a use-case, as well as using the tokens tax as a way to partner directly with artists and pay them a secondary source of revenue from their YouTube music listings.

With our embedding tools and the Rhythm Protocol, we are effectively forcing YouTube into the crypto market and showing Google and the entire music industry what they are missing out on.

We want BeatPlaylist to appeal to both a mainstream and crypto audience, which is why BeatPlaylist will be a centralized product with many decentralized features. We do plan on releasing a full dApp version of BeatPlaylist in the future and will add it to the roadmap when we begin development of the dApp version. We are going to slowly make the music industry more and more decentralized.

When artists notice that they can link their wallet to their BeatPlaylist account and open a new avenue of revenue per month, there will be no reason for them not to join as a partner. Who knows, in the future, with the right support Rhythm could potentially even become a music label.

Experienced Team

Our team, which has worked together for the past few years on many projects, with our most significant being Rhythm & BeatPlaylist includes

  • Ryan Davern - Software developer with 11 years of programming experience
  • Olli Waters - Bachelor in Graphical Design and UI Design
  • Max Waters - Setup and marketed multiple successful e-commerce websites

Our eco-system

BeatPlaylist is our first project in the Rhythm eco-system that will be released. We have another project, which is a non-music related product, that will be announced during Q3, 2021.

The Rhythm Contract

BeatPlaylist LTD (Ryan Davern) holds ownership of the Rhythm smart contract. Why? Well, simply put, whenever PancakeSwap upgrades to a new version, we need to update the Liquidity Pool swap address, which requires ownership of the contract. As of now, there will be no renouncement of ownership as it will disrupt the longevity of the token. We plan on implementing a Multisignature wallet, which will provide more security to the owner wallet.

When Rhythm partner's with a new exchange, we will transfer tokens from the Fiat service wallet to the exchanges official wallet. We transferred 1.5 billion tokens on deployment from the owner wallet to the Fiat service wallet. Any exchange partnerships will be announced and wallet transfers from the Fiat wallet to the exchanges official wallet can be found here

We will lock the PancakeSwap V2 Liquidity Pool for 3 months at a time. When PancakeSwap announces V3, we will ensure that the Liquidity Pool is unlocked on the release day so we can migrate to the latest version. The Liquidity Pool for V3 will be locked and will follow the same 3 month lock schedule.

Could we rug-pull?

In regards to owner control, we are a legally registered New Zealand LTD company governed by a central board which is subject to governmental regulations and law. Our team members are publicly shown on the front page of our website and our business information is displayed on the company office website. So if i rug-pull, I would get arrested, charged for fraud and my life would be ruined.

Additionally, you can view that the company was registered in 2017, proving that we have been working on BeatPlaylist for over four years. This token is not a rug-pull, this is an attempt to innovate both the crypto and music industry, and I am grateful that I can work on a project that will innovate both industries.

We will ensure that we build both a trustworthy project and be as transparent as possible. I plan to do weekly live streams, where I just program and hang out with the chat, answer questions, and get feedback/ideas for Rhythm and BeatPlaylist. You will see BeatPlaylist in live development and get early viewing access to see BeatPlaylist, its features, how it runs behind the UI.

Token Distribution

  • circulating supply
    72.18%
  • burned
    17.5%
  • exchange / fiat wallet
    7.5%
  • team
    1.93%
  • partners
    0.9%

Token Burns

Our burn wallet is not excluded from the 5% reflection taken from transactions, which means tokens will be burned for every transaction automatically. We will hold a vote that will decide when we end the AutoBurn system.

Rhythm also aims to implement a manual burn strategy that is beneficial and rewarding for those engaged for the long term.

The total number of burnt Rhythm is featured on the Tokenomics Total Supply section at the top of this page.

Automatic Liquidity Pool

Rhythm employs an automatic liquidity pool algorithm (AutoLP) in its token contract. As mentioned above, the network collects 3% from each transaction, whether the order is a trade, buy or sell, and adds it to the liquidity pool.

As the Rhythm Liquidity Pool increases, the price stability mirrors this function with the benefit of a solid price floor and cushion for holders. The goal here is to minimize price movements when large wallet holders decide to sell their tokens in the future, which, when compared to tokens without an AutoLP system, reduces significant price fluctuations.

Fiat Buy

We plan to release Fiat (debit/credit card) purchasing of Rhythm, directly available on BeatPlaylist and our website late Q4, 2021. The Fiat wallet will handle buy-back and transferring for Fiat purchases.

Our Fiat payment system will work as followed:

1
User enters their Rhythm wallet address, the amount of Rhythm they want to purchase, their debit/credit card information and then confirm the transaction (We will display both the amount of Rhythm the user is buying + purchase price).
2
Once the transaction is confirmed, we automatically transfer Rhythm from the Fiat wallet to the wallet address provided by the user.
3
We will do monthly buy-backs of as much Rhythm as we can with the total amount of Fiat currency accumulated through our Stripe payment process. Our buy-backs will be listed here

How do we plan on paying artists?

Artist Funding

The contract takes 2% of every transaction and adds it to the Artist Wallet.

Until we start partnering with artists, which is planned for Q4 2021, the Artist Wallet will be used on the development and marketing of both Rhythm & BeatPlaylist.

If any of the development or marketing funds starts building up a large balance that isn't being used, we will host a community vote on use-cases for the funds, such as giveaways, live donations, burning the tokens, and more.

Marketing

The marketing fund is specifically for marketing the Rhythm project and BeatPlaylist project. When we compile a list of potential marketing avenues, we will create polls to determine how the marketing funds are split between the promotions. We will take community ideas for different marketing suggestions, and the top ideas will be compiled together for the votes monthly.

You can view how we are spending the marketing wallet funds here

Development

The development fund will pay for all server, license, development, and third-party work costs.

You can view how we are spending the development wallet funds here

Artist Partner Program

Once we begin partnering and adding artists to our Artist Partner Program, the Artist Wallet will be put to it's final use-case, which is to fund all of our music industry projects, such as:

  • Partnering with artists and track their streams through BeatPlaylist and pay them per stream, creating another source of artist revenue.
  • Artists in our partner program will have the ability to release NFT albums and pins on our community market for their fans.
  • Invest into smaller, upcoming artists that need resources to expand their brands, such as providing equipment, software, and network connections. We will have an artist submission section in-app and on our website, which will allow artists to submit themselves and our community to submit and vouch/vote for upcoming artists.

All Artists partnered with BeatPlaylist will share a piece of the pie, and payments will be sent monthly and directly to artist wallets.

1
Initially, artists we are partnered with will split the artist fund equally, monthly.
2
As we partner with more artists, each artist's percentage of the artist wallet will decrease.
3
At this point, we will begin developing a payment percentage algorithm that will calculate an artist's payment percentage based on the number of streams an artist makes out of the total partnered artist streams.

Conclusion

In conclusion, we are bringing the crypto and music industry together and taking both industries to a whole new level. Join us on the ride and help us shape this next generation of music streaming, crypto, and NFT's.

If you have any questions or feedback, feel free to contact me via Twitter or Email