SpotStar Update April 22'
SpotStar Update April 22'
Talent Shows on the Blockchain
Key Points
In recent months we have been testing how the market responds to the advertisement of our new concept.
The SpotStar team is working hard to ensure a fantastic experience for you all, and we're aiming to release an Alpha by the end of June.
SpotStar is connected to around 100 Artists that will be part of the Alpha.
We are making significant progress on the Alpha version while learning how the market responds to the talent show concept on Blockchain.
The ICO is still open and ongoing as we progress to gather more fans
There’s an excitement around SpotStar members worldwide who passionately react to our advertisements, particularly the SpotStar team. We are incredibly excited to see such a powerful collective commitment to our mission. There’s so much to share, so let’s get on with it!
Market Reach
In the last months, we tested a few target audiences on Facebook to recruit Artists, fans, and Investors. The results were excellent! We were able to get our first 100 Artists who would like to participate in the Alpha version. We created dozens of campaigns for a different types of people and countries. We measured the response to reach our first artists/fans, which mark our new community.
Our primary target is to make a demo with Artists and their friends/family and fans. Artists will come up with a live show. At the same time, their followers will be able to contribute RedOne tokens to their live stream with nice visualizations in real-time while processing all transactions on the Solana network.
Alpha Progress
SpotStar team is working hard on the Alpha version based on the market reach response.
Here are the Key Points of the current development features targeted on Alpha:
Web3 basic features that will allow users to log in with Metamask, view assets and activate account for artist/fan
Deposit & withdrawal to Solana is necessary for real-time tips on live stream video of the Artist.
Follow/Unfollow feature that will allow Artists to invite their fans through secured links to watch live events through the app.
Artist will be able to create an NFT as a live-stream event
The Alpha version will allow Fans and Artists to log in and check their accounts and RedOne/ERC20 balance. They will be able to deposit tokens in SpotStar wallet and get credited on the Solana network. The real-time experience of the app has to be done on the Solana network as it has a milli-second transaction confirmation rate.
Artist will be able to invite friends/family and determine their live showtime. Once the show starts, a push notification will occur to the fan that follows that Artist. Once the live stream begins, an excellent visualization will begin on the mobile, showing how many fans are connected and each real-time transaction to credit the Artist for his show performance!
Mobile
We are targeting the alpha app on Android and iPhone Testflight.
Key Points of Alpha mobile features:
Scan QR code from the web access to log in to the app in one scan Fan/Artist
Artist: Start a real-time show while notifying its followers
Fan: Watch live and send tokens in real-time to the Artist
The Alpha version will not include full support of the blockchain transaction on Solana as we vision it on the Beta version.
Development Roadmap
As development will progress and a successful alpha launch, we look forward to including those subsequent releases.
Key Points
Beta v1 - Q4 22’
Talent show basic features
Full support of decentralization on the SpotStar app
UI enhancement with more features for Artists and Fans
Dynamic Judge control in real-time
The first phase of Auditions
Real-time features on the mobile app, such as live emojis, chat, etc
Beta v2 - Q2 23’
Full Talent show use case, auditions and Seasons
Full UI support
Full decentralization
NFT marketplace of recorded videos
Our target for 2024 may include developing a side-chain of SpotStar to support the amounts of transactions.
Marketing Efforts
SpotStar team worked with a PR and media agency that made our first media coverage. Currently, Spotstar is talking to some potential media partners to help us grow the SpotStar brand as we grow.
Key Points in Marketing:
Continue on targeted audience ads to recruit artists
Partner with marketing agency ahead of Alpha version
More organic growth on social networks
Organic growth formula:
One of our fantastic growth formulas is that for every Artist we recruit, he brings with him a minimum of ten followers (Fans). 10x
We believe that every Artist has friends and family who follow him and love what he does, and those are his first supporters! SpotStar target is to onboard the fans while letting them purchase RedOne tokens so they can support their beloved one!
Growth Estimations
Along with the ongoing adoption of cryptocurrency, we estimate our app growth as follows:
Q4 22’
Artists
Q4 100 → 10,000
Fans
Q4 1000 → 100,000
Q2 23’
Artists
10,000 → 100,000
Fans
100,000 → 1,000,000
24’
Artists
Q2 100,000 → 1,000,000
Q4 1,000,000→ 10,000,000
Fans
Q2 1,000,000 → 10,000,000
Q4 10,000,000→ 100,000,000
ICO
Our original ICO plan was to raise all funds in the short term; however, the general crypto market fears index went up, and the market declined and still fluctuating. However, we find this time an opportunity for fans of artists we already registered to get RedOne tokens. The way the system works is that fans will need RedOne tokens to contribute and tip their Artist on Alpha, so therefore fans can still purchase upon KYC approval.
We encourage eligible investors who still want to join the train to create an account and support our efforts: https://icodash.spotstar.live
We raised enough tokens step by step and made it happen! We reserved some tokens for some strategic partnerships.
Congratulating RedOne For Joining FIFA!
We want to congratulate SpotStar creative director RedOne on joining FIFA World Cup 2022 and doing amazing things! Good luck!
Morocco’s RedOne produces official 2022 World Cup song
Disclaimer: Please note that anything written in this document should not be taken as financial advice. SpotStar is a bleeding-edge technology that's incorporating unfinished, risky, and highly experimental technology. Development priorities, roadmap, and features are subject to radical overhaul based on research, traction, feedback from the community, and a myriad of other factors.
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