Corite CO Price 0.00536759

What is Corite?
Corite is a Swedish music and tech startup that has its own approach to funding artists.
The platform has 25 000 users and was released in October of 2019. Thanks to the financial support of fans, artists can build their careers and earn money from their own work, which is the essence of the Corite business model. Fans can promote their favorite music. Artists can release their music through dedicated fandom.
Corite entered the US market in July of 2021, partnering with Hitco to close a US$ 2.2 million pre-sale for their utility token $CO, the native currency of the Corite platform. Corite attracted a talented team and created a democratic working environment for artists. Corite also announced the closing of a seed round for the European launch of its fan funding platform.
A number of prominent music industry professionals work with Corite. Hitco Entertainment was founded by [Charles Goldstuck], as well as legendary producers, like Beyonce, and Konstantin Kersting.

Kyros Venture, Skyman Venture, Exnetworkcapital, and Rarestone Capital are some of the investors.


Who are the people who founded Corite?

The CEO of Corite has twenty years of experience in the music industry, telecommunications and media. Prior to founding Corite, Mattias worked in the esports sector, was Head of Digital Development at MTG, and was CEO of the branding company ABBA Pop House Sweden. Universal Music Group (Sweden) had a Commercial Director named Mattias for five years.
The company has a Chief Creative Director. Angervall has held the positions of Lead Designer and Creative Director for over twenty-five years. He works for Universal Music Group, TV production and digital agencies.
The day-to-day functions of the company are overseen by the COO. She works with business development, communication and team management.
What makes Corite unique?
The space in which Corite operates is the same as that of TuneCore, United Masters and Ditto. Corite gives fans the chance to invest directly in their favorite artists and then receive a fraction of the money that is paid to artists in future royalties. Each fan plays a kind of record label role, funding and in return benefiting from potential success.
Before announcing the amount artists want to raise for their creative products, Corite first rate songs based on streaming history and predictions, and set the percentage of streaming royalty that investors will eventually receive.
Fans can be financially motivated by investors, which adds to the track's chances of success.
Corite has millions of streams on its platform.
Independent artists can enter the music market without the help of traditional record labels if Corite supports them.

There are pages related to this.
You can read about Audius, BitSong, and Viberate.
There is a minimum viable product.

What is a ledger?

How many Corite coins are in circulation?

The platform will allow token holders to participate in funding and promotion, as well as to be among the first to receive early access to invest in music projects, plus obtain rewards for contributions and participation in governance.

How is the Corite network secured?
The minimum viable product is planned for Q2 2022. The minimum viable product is planned for Q2 2022.
You can see a detailed step-by-step plan.

Where can I buy Corite?
Corite is not listed on any major exchange due to the fact that a platform is under development. There is no information about the upcoming token offering.