Artist News

iTCHY Prepares for Initial Coin Offering

  • December 27, 2017

iTCHY is focused on becoming the world’s first cryptocurrency-based media agent.

iTCHYCoin is the first community currency with the sole purpose of reinforcing the value of art and more specifically, music.  The underlying technology is based on the Ethereum blockchain. This is what enables the digital contract that registers iTCHYCoin on the global Ethereum ledger. Blockchain technology ensures security through its robust encryption algorithm and this in turn, ensures a higher level of transactional integrity when this digital currency is exchanged for goods or services. The blockchain enables an alternative way to save and transmit data and transactions between computers and systems.  Because it’s decentralized, no one person or company owns or controls it, making it more private, secure and less prone to fraud.  It’s the ideal mechanism to keep things transparent and trust-worthy in an industry that has a reputation for being the contrary.

But the unique power and differentiator of iTCHYCoin is that it is directly responsible for infusing value back into the art by allowing fans to transact through an exclusive crypto token whose monetary equivalent is purely market driven.  No longer is a song bound by the .99 cent industry standard. No longer is a streaming payout limited to a fractional percentage.  Rather, values are determined by the actual market capitalization of iTCHYCoin.

In this way, a single iTCHYCoin could have a fiat currency equivalent of whatever the market determines and for the first time, the value of a creative work (song, book, film, etc.) has the flexibility to actually increase pre or post sale depending on present market demand.

iTCHY’s platform will re-calibrate the value of creative work and content as determined by the audience and market place. Artists maintain their independence while leveraging a global community resource for collaboration, co-branding and unique go-to-market opportunities. While these partnerships grow and thrive, value is measured and tracked through a crypto-token based economy, fueled by iTCHYCoin (ITCHY).

Our ICO will begin in the first quarter of 2018. We’re confident that the historic support of iTCHY will continue into this new endeavor and introduce us to a new wave of fans, influencers, creators and investors.

Acquiring the iTCHY Coin tokens (ITCHY) requires users to have an ERC-20 compatible wallet (such as MyEtherWallet, MetaMask, etc.) with an available Ethereum balance. The minimum ICO investment is $10 USD equivalent of Ethereum. In addition, there is a matching incentive for investments of $100 USD or higher through the ICO period.

Details on eligibility requirements, white papers and additional instructions on how to obtain tokens will be updated on the official www.itchymusic.com website as well as broadcast on the iTCHY social media channels (FB, Twitter, Instagram, etc.)

<CLICK HERE> TO PARTICIPATE:

Interested in getting ITCHY Coin tokens? Follow the instructional guidance videos below to set-up your online wallets to enable your Ethereum token exchange for ITCHY Coins.

How to setup a Coinbase account

How to setup Ether Wallet

Setting up MetaMask 

Already have Ethereum and want to contribute? Use our public wallet below:

Need more help? Please use the contact form below or e-mail us directly at info@itchymusic.com and we’ll help guide you through the process.  Thank you for your continued support!

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