TAO Network Announces the TAO of Music Blockchain Project and Crowdsale

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The TAO Network is built on a solid foundation with a range of enhancements that make its blockchain more versatile and robust. By using IntelliTx technology, TAO Network offers a content agnostic way of creating smart contracts on the platform, irrespective of the protocol. The user-friendly, privacy-centric platform already has one of the many use cases built in the form of ‘the TAO of Music’.

TAO Network, the smart contract DAO platform for creating and operating decentralised applications is currently offering an opportunity for the cryptocurrency community to invest in the ongoing crowdsale.

The TAO of Music

The TAO of Music project is created by a team of futurists and developers to protect and secure artists’ content over a long period of time. TAO of Music is operated as a distributed autonomous organization that can act as a bond between competing blockchain based solutions by various music publishing administration companies. TAO Network achieves this by creating an interoperable design that can work irrespective of the format of blockchain implementation currently adopted by artists. The TAO of Music is a public ledger that offers a one-point legal access to artists’ catalogs irrespective of the publisher who owns the rights. To assist with integration and development, the Tao Network has engaged the assistance of Dale Everingham, a sound engineer with over 25 gold and platinum hits to his credit from some of the biggest names in hip hop and R&B.

The TAO Network has made 30 million TAO tokens available for the ongoing month-long crowdsale. Rest of the tokens are allocated for development, marketing and community building exercises. The platform has announced that the value a TAO token will not be more than $1.00 during the crowdsale. Participants in the crowdsale shall receive a 25% bonus on their deposit if the deposit is made prior to Friday, August 5th.

TAO has also availed the services of OpenLedger and CCEDK during the period of the crowdsale for enhanced security and escrow services.

Specifications of TAO Network

Proof of Stake: 4%
Proof of Work Algorithm: X11
Proof of Work Reward: 1TAO per block, halving 26 times
Block time: 7.5m
Block size: 20MB with Adaptive Block Sizes
Alpha (Master) Node Minimum Qualification: 10,000 TAO
Tokens available via crowd sale: 30,000,000 TAO
Total tokens: 32,000,000 TAO

TAO Token Distribution

  • 30 million TAO tokens available at the crowdsale
  • Over 100,000 TAO Tokens to be used for building the master node on the network.
  • The platform has over 250,000 TAO tokens designated for its bugs bounties and awards programs
  • 1.65m TAO tokens will be held in a time locked smart contract for four years to be used to establish music technology and blockchain education programs for children in public schools.

The TAO Network crowdsale will end on August 28, 2016.

TAO Network is an improved, future-proof Blockchain smart contract platform built using Bitcoin code base. The TAO Network, still in its early stage is a content agnostic smart contracts platform. The protocol is currently working on an experimental blockchain based rights management platform called the TAO of Music.

Know more about TAO Network at – http://tao.network

TAO Network Investor handbook is available at – http://tao.network/InvestorsHandbook.pdf

To participate in the TAO Network Crowdsale, visit – http://tao.network/crowdsale.html

About Richard Kastelein

Founder, Publisher and Editor in Chief of industry leading online publication, Blockchain News and co-founder and director at Blockchain Partners in London/Amsterdam/NYC. Kastelein is also an advisor with a number Blockchain startups doing ICOs including Humaniq.co where hs is interim CMO, DECENT.ch, Inchain, Chronobank, eGaas and others. He is regarded as one of the top journalists by the Blockchain and fintech communities – as is evident by his entry in the Top 150 Fintech journalists online and in the top 10 of the Blockchain Top 100 List.

As a prominent keynote presenter, he has spoken on Blockchain at events in Gdansk, Amsterdam, Minsk, Dubai, Antwerp, Eindhoven, Bucharest, Nairobi, Tel Aviv, Manchester, Brussels, Barcelona etc, where he helped spread the cause for Blockchain technology and cryptocurrency and, consequently, has built a notable network in the scene.

He’s also a director of a Dutch foundation called The Hackitarians and has run innovation events in London, San Francisco, Berlin, Amsterdam and other cities around the world on topics such Blockchain, Health, Energy, Internet of Things, AI etc.

In 2013, the European Commission appointed him as an expert for overseeing financing for emerging startups as a part of the European Commission’s 90 billion euro Horizon 2020 project, created in Brussels to promote innovation as a driving force of job creation and business ventures across Europe. He has also worked as an external expert for Innovate UK since 2012, judging startups for the UK government.

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