Grammy Award-winning DJ and electronica artist RAC has introduced that he has launched his personal cryptoasset – a neighborhood Ethereum community token he has dubbed the $RAC.
In a weblog put up, 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 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 in regards to the energy of crypto, writing,
“Crypto allows communities to seize the worth they create as an alternative of being monetized by pre-existing platforms and $RAC is an lively experiment pushing the envelope on these primitives.”
Nonetheless, RAC has indicated that he’s not trying to ask followers to purchase tokens – and can as an alternative distribute them to his most loyal supporters as a type of reward. The $RAC token, he added, would assist “unlock entry to varied 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 can even obtain tokens.
And there can even be perks for RAC followers who pay Patreon subscriptions: These loyal people will obtain a cool RAC 50,000 monthly 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Study extra: Tokenization Getting Private With New Alternatives and Outdated Risks
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