Grammy Award-winning DJ and electronica artist RAC has introduced that he has launched his personal cryptoasset – a group Ethereum community token he has dubbed the $RAC.
In a weblog submit, the American DJ, actual title André Anjos, wrote,
“I’ve been fascinated with crypto for years and its purposes past currencies, and consider that it might probably create a brand new paradigm for artistic possession immediately between artists and their communities.”
The artist, who was nominated for back-to-back Finest Remix awards on the Grammys in 2016 and 2017, scooping the 2017 gong, acknowledged that he was working with crypto-themed market Zora on the discharge and circulation of the brand new token.
He waxed lyrical concerning the energy of crypto, writing,
“Crypto allows communities to seize the worth they create as a substitute of being monetized by pre-existing platforms and $RAC is an energetic experiment pushing the envelope on these primitives.”
Nevertheless, RAC has indicated that he’s not seeking to ask followers to purchase tokens – and can as a substitute distribute them to his most loyal supporters as a type of reward. The $RAC token, he added, would assist “unlock entry to numerous perks and unique content material.”
An preliminary 10 million tokens are slated for launch, with a gaggle of 1,545 Bandcamp supporters set for a windfall. RAC merchandise consumers and Twitch supporters will even obtain tokens.
And there will even be perks for RAC followers who pay Patreon subscriptions: These loyal people will obtain a cool RAC 50,000 per thirty days on a “pro-rata” foundation.
And it seems that that is simply the tip of the crypto iceberg for RAC – who mentioned he’s now engaged on including “tokenized advert area” to his Twitch channel, in addition to reductions on RAC-themed merchandise for $RAC holders.
Study extra: Tokenization Getting Personal With New Opportunities and Old Dangers