Market Analysis Report (10 Jun 2021)

The Dubplate Trade platform turns original and unique tracks into non-fungible tokens (NFTs) to provide clear ownership to buyers. The platform goal is to give back to artists, compensating them for their issues with piracy, streaming farms, and venue shutdowns.

Music fans can also benefit from the platform by purchasing exclusive tracks from their favorite artists that only they can listen to. By empowering fans with these NFT Dubplates, the platform also ensures the financial security of artists.

To do so, a smart contract on the Ethereum blockchain allocates 10% of each NFT transaction to the artist behind it. An exclusive deal with a UK-based music label and ongoing negotiations with other labels and artists will ensure exposure to all artists involved. 

$DUB Token – The Heart of Dubplate

The native`s $DUB token allows trading collectible tracks on top of the Binance Smart Chain. All token holders who decide to stake their holdings will receive a share of the Dubplate Trade platform’s profits. A total of five million DUB tokens were created on the Binance Smart Chain as BEP-20 tokens with:

• 30% being sold to the public
• 30% distributed through liquidity mining initiatives
• 10% used to fund the project
• 20% used to secure partnerships with blockchain-based firms and music industry players
• 10% were sold in a pre-sale

Buying $DUB

BSC supported wallet, such as MetaMask or Trust Wallet, as well as some Binance Coin (BNB) tokens to move funds will be necessary:

• Visit Dubplate.Trade website and click on “Buy $DUB Tokens”
• You will be redirected to V1 of PancakeSwap
• Make sure your wallet is synced 
• Select your preferred amount and complete the purchase

DUB token holders can vote on governance proposals to help the project move forward. In the future, the team plans to list the token on reputable exchanges to improve its liquidity.

Source: https://www.cryptocompare.com/email-updates/daily/2021/jun/10/