Welcome to the Rhythm Whitepaper! This whitepaper contains the project's wallet holder perks, tokenomics and safety measurements.
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.
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)
Transaction Tax (10%)
5% distributed to holders
3% added to liquidity pool
2% added to artist wallet view spending
Current Price: $0
Market Cap: $0.00
Diamond Users: 1
Gold Users: 0
Silver Users: 0
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.
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
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.
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.
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.
Our team, which has worked together for the past few years on many projects, with our most significant being Rhythm & BeatPlaylist includes
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.
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.
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.
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.
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.
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:
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.
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
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
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:
All Artists partnered with BeatPlaylist will share a piece of the pie, and payments will be sent monthly and directly to artist wallets.
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.