Token || Traxx x Satoshi Club AMA Recap from the 9th of March

By Satoshi Club | Satoshi Club AMA Recaps | 15 Mar 2022

Hello, Satoshi clubbers Another AMA took place in Satoshi Club and we would like to introduce to you the AMA session with our friends from Token || Traxx and our guest was . The AMA took place on the 9th of March.

The AMA session was divided into 3 parts with a total crypto reward pool of $500

In this AMA Recap, we will try to summarise the most interesting points for you.

Part 1 — introduction and questions from the Telegram&WebSite

Jonah 🏅🎹 | Satoshi Club

Hello Dear Satoshi Clubbers welcome to our AMA session with Token || Traxx

Our Guests today are @tommydanvers @brianelders @pptaylor @henryclay

Hello welcome to Satoshi club

Robocop | Satoshi Club

Hello Satoshi Club community !

We are pleased to announce today AMA with Token || Traxx

Jonah 🏅🎹 | Satoshi Club

Hello Guys welcome

Brian Elders

Hello

TommyD 🙂

hello!!

Robocop | Satoshi Club

Hello welcome to Satoshi Club @tommydanvers @brianelders

Brian Elders

Deligted to be here

Jonah 🏅🎹 | Satoshi Club

How are you all doing today?

TommyD 🙂

really good

Brian Elders

mighty

TommyD 🙂

mad busy

so many people want this token!!

fielding so many

Jonah 🏅🎹 | Satoshi Club

I can see that there is a lot of Excitement in the air already

Robocop | Satoshi Club

Cant wait to do AMA with Token || Traxx today

Jonah 🏅🎹 | Satoshi Club

Let’s start our AMA

TommyD 🙂

yeah thank you for having us

Jonah 🏅🎹 | Satoshi Club

Can you please introduce yourselves to us, how you got into crypto and how the project Token || Traxx started?

Brian Elders

I am Brian, one of the cofounders

I to be in banking with a legal, finance and mathematics background and then discovered crypto

I am super interested in how crypto / tokenisation etc will change the world

I have Sors Digital Assets (an Irish VASP) a custodian called Fortuna am a parnter in a digitial securities firm called Black Manta & am on some governance boards etc in addition to TT

Never a dull day

TommyD 🙂

I’m TommyD

I’m an award winning Music Producer, Songwriter, Artist, DJ,

TV Presenter, Public Speaker and founder and creator of Token||Traxx

Brian Elders

Tommy is more exciting than myself

Jonah 🏅🎹 | Satoshi Club

Impressive

Robocop | Satoshi Club

Perfect ! both of you have a great background and experience

TommyD 🙂

I’ve spent all my life mixing, mixing genres, mixing tunes, mixing whisky.

Got into crypto in 2016

Absolutely love the space and the community

Change is needed and change is coming

And blockchain will be at the heart

I’ve worked with everyone from Kanye to Kylie and sold over 60 million units and had over 4 billion streams!

So I know music creators like i know something i know REALLY WELL

Jonah 🏅🎹 | Satoshi Club

Very Impressive

TommyD 🙂

Kylie!!!

Love the girl

Robocop | Satoshi Club

and also can you please introduce to us what is Token||Traxx ?

TommyD 🙂

Token||Traxx is a music discovery, sharing and trading marketplace.

but the wider the concept is to look at every aspect of music engagement and how we can innovate it with blockchain

I have been a professional music Creative for 30 years

I’ve been signed to major labels and publishers, worked with big and small artists and sold and streamed billions along the way.

I’ve seen the pitfalls, the traps and the sharks but I’ve also seen the incredible power and beauty of music and how it can transform lives.

TommyD 🙂

It’s always a slog and it never gets easier but with the right tools everyone gets a chance and with NFT and blockchain I see the opportunities

That’s why 18 months ago I devised the concept of Token||Traxx and diligently and methodically building our team ever since.

Robocop | Satoshi Club

Wow, you have great connection with famous musician ! that’s really awesome

Jonah 🏅🎹 | Satoshi Club

At the moment how many people do you have working on this project?

TommyD 🙂

we’re a team of 36

Brian Elders

You are chatting to a famous musician in Tommy!!!

TommyD 🙂

really amazing cross section

I always say if you want to look like a genous sorround yourself with genius’

Brian Elders

the team is what makes us stand out from the crowd

TommyD 🙂

haha!

I just make music

And tech

And whisky

Robocop | Satoshi Club

i’ll be remember this day

Brian Elders

Miles Leonard for instance

Miles is a top British music industry executive ex Chairman of Parlophone & Warner Bros. Records UK,

He previously worked for Virgin Records, EMI Records etc

Jonah 🏅🎹 | Satoshi Club

So does this mean I’m a Genius to have Hosted a Genius here today

Brian Elders

He is our music industry heavyweight

or Jure Zih … who has been involved in NFT’s since I can remember back in 2017

Jonah 🏅🎹 | Satoshi Club

You have very impressive sets of connections and people working with you

Brian Elders

for sure

Jonah 🏅🎹 | Satoshi Club

Thank you for the introduction

Robocop | Satoshi Club

Thank you for the great intro !

Jonah 🏅🎹 | Satoshi Club

We will like to proceed to community questions now, are you ready?

Brian Elders

We could keep going! there are so many great people

But yes lets go on as you wish

Robocop | Satoshi Club

let’s continue to part 1 with 6 question from our community

Robocop | Satoshi Club

Q1 from Telegram user @thisistoyin

Greetings TRAXX Team

I understand that your projects Aims to Merge the Blockchain Tech and the Contemporary Centralized Music Industry, with that in mind, i would really like to know the Forms and Types of Strategies you’ve adopted to futher Bring or Attract the Large Numbers of Untapped Music Listeners and Also Artist to your Ecosystem, how user friendly is your Tech? Is there an easy guide to which New Crypto Users can easily relate to? What are the Major benefits being a User of your Technology? Furthermore i would like to know if you also have Any Form of Artist Management Or An Educative platform to which Young and upcoming artists could be able to better their skills and futher understand Defi. Thank you

TommyD 🙂

The Token||Traxx goal is to bring new users into crypto

At the moment the NFT scene is quite circular with everyone buying each other’s NFT projects

The key to onboarding is to first provide a super easy platform to discover, share and trade NFT’s

But then the education and ultimately success

That’s essential for easing people into this space in a way that’s respectful and not condescending

Miles, myself and our wider talent onboard team know artists, we know how to talk to them and get the best out of them

TommyD 🙂

We work on campaigns, 6–12 months

its about understanding and planning an artists web3 strategy

Most don’t understand so we hand hold them through the process. It’s essential to look at what they have to offer fans and NFT collectors and then work a campaign around that

Essential is community

How will your NFT transform peoples lives as well as your own?

We’re doing all kinds of mad drops as well but you’ll only find out about them if you’re on the Token||Traxx guestlist at www.tokentraxx.com

We are working with some BIG names so lots coming u[

up even

Robocop | Satoshi Club

By the way, do your NFT marketplace already active ?

Brian Elders

And maybe buy a few TRAXX!!!

It can be tested, and is being tested

TommyD 🙂

Coming VERY soon

Brian Elders

but not released for public yet

Jonah 🏅🎹 | Satoshi Club

Is there any requirement to join the guest list?

Robocop | Satoshi Club

can’t wait to check them, and can you please share the roadmap to us? so we can know new update from Token||Traxx

Paul Taylor

https://tokentraxx.com/explore#roadmap

We are planning the the beta site launch for March 21 , with the full site on May 14

We will be running a series of NFT drops from March 21

Jonah 🏅🎹 | Satoshi Club

Exciting

Thank you for your Answers

Ready for the next question now?

Robocop | Satoshi Club

Thank you for sharing this

Paul Taylor

happy to !!

Robocop | Satoshi Club

Q2 from Telegram user @Josegamboac

Token||Traxx has a vision to bring fresh innovation to reward people’s creativity fairly. their goal is to forge a whole new way of creating, curating and collecting music through NFTs, enabling true creative freedom in music, something they call Music 3.0. What is the real concept of music 3.0 according to Token Traxx? What is the innovation of this model? What are the rewards that creators, artists and fans receive through Token Traxx?

TommyD 🙂

Great question!

Music 1.0 — Listen

Music 2.0 — Listen + Share

Music 3.0 — Listen + Share + Own

We’re looking at two sectors in music

First is to build a new system based around direct artist to fan engagement, utilizing a membership scheme and NFT drops

This is essential to the education and onboarding I mentioned earlier

He second is to work with the legacy industry

95% of all top 10 singles have been on one of 3 major labels then those relationships need to be addressed

Miles and I have worked with the majors all our lives. We know them we speak their language

Paul Taylor

sure I can help with the rewards

Token Traxx is a memberships economy

Paul Taylor

Want discounted gig tickets — you got it -TT is collaborating with promoters to deliver

Want your favourite unsigned artists on the platform — you got it — TT holders will be able to submit artists proposals and vote on the weekly feature

Want access to lifetime festival passes? — you got it — TT holders will get first access to these drops

Want lifetime club membership? — you got it — TT holders will get first access to these drops

Want limited edition merch? you got it — TT holders will get first access to these drops

Want fan experience packages — you got it — TT holders will get first access to these drops

Want free mentoring sessions with TT creators? you got it -TT holders can apply for these sessions

Paul Taylor

Want an annual awards event? — you got it -TT holders can vote in and attend the annual TT academy awards

Want access to exclusive TT club nights — you got it — TT holders and VIP guaranteed

Want to profit from supporting your favourite artists? — you goat it -TT is working with selected partners to provide staking opportunities

Want to champion a sound? -you got it TT holders can vote on a monthly TT platform focus -say Asian fusion or afrobeat

Jonah 🏅🎹 | Satoshi Club

So many benefits

Brian Elders

thats just the start

Paul Taylor

Want to champion a sound? -you got it TT holders can vote on a monthly TT platform focus -say Asian fusion or afrobeat

Want to hear innovative new music? — you got it — TT holders will be able to access the VIP choon room curated by the TT Team

Want to earn for Curating a playlist? -you got it — Each month a TT holder will be invited to Curate and post a playlist and earn from this

Robocop | Satoshi Club

there are so many reward

TommyD 🙂

Yeah a token is essential to creating a great rewards system for music

Paul Taylor

I could go on

TommyD 🙂

Artists create their own communities anyway

Paul Taylor

The creators get to develop a fantastic new relationship with fans

TommyD 🙂

Its totally natural to them]

Robocop | Satoshi Club

Thank you for the detail answer !

Jonah 🏅🎹 | Satoshi Club

Thank you for your Answers

Paul Taylor

hope that gives you a flavour of what we will achieve

Jonah 🏅🎹 | Satoshi Club

Yes it does Let’s proceed to the next question now @Pratze

Robocop | Satoshi Club

Let us continue to next question

Robocop | Satoshi Club

Q3 from Telegram user @Ask4unik

It is intended that Token||Traxx will be transformational in the music space that empowers the community to own a stake in the future of music. Does TOKEN TRAXX have any maped out staking program where holders of TRAXX TOKENs can stake ? What’s the minimum or maximum amount of TRAXX TOKENs to be staked? Are there different types of staking pool that Users can select from? Holding TRAXX tokens will deliver a wide range of functional benefits.Can you be tell us some of the used cases of TRAXX TOKENs?What are the functional benefits of holding TRAXX TOKENs?

Paul Taylor

We do indeed. We will announce our staking protocols in our media groups a couple of days before the TGE on March 14th — but rest assured…..

The rewards and benefits will be mega !!

TommyD 🙂

🤘 Launch guestlist: www.tokentraxx.com

💬 Telegram chat: https://t.me/TokenTraxx

📣 Telegram News: https://t.me/TokenTraxxNews

🗣 Twitter: www.twitter.com/Token_Traxx

🎶 Discord: https://discord.gg/gz26euhJ

✍️ Medium: https://tokentraxx.medium.com/

Paul Taylor

Holding Traxx tokens will get members access to the rewards mentioned earlier + can pay transaction fees for NFTs

Jonah 🏅🎹 | Satoshi Club

Thank you for sharing this

Paul Taylor

have a look at the gitbook

Brian Elders

https://docs.tokentraxx.com/

Robocop | Satoshi Club

Do you have a link or article about how to join the TGE on March 14th ?

Brian Elders

Lets share some links

But the process is KYC — get whitelisted — buy

Paul Taylor

https://tokentraxx.medium.com/our-tge-is-taking-place-on-march-14th-heres-how-to-use-the-sorted-dealroom-and-secure-a-bag-of-4f36cacdd64d

Jonah 🏅🎹 | Satoshi Club

Thanks for sharing

Brian Elders

https://tokentraxx.com/tokensale/

Jonah 🏅🎹 | Satoshi Club

I am clear on this now

Robocop | Satoshi Club

Don’t miss this opportunity Satoshi Clubber ! Join now !

Brian Elders

Don’t be surpised by Sors … it is my company and it is doing the KYC for TT

Jonah 🏅🎹 | Satoshi Club

Thank you for your Superb answers

Ready to proceed to the next question?

Robocop | Satoshi Club

Thank you for the clear answer !do you want to add something or we can go to next question?

Paul Taylor

yes please

Robocop | Satoshi Club

Q4 From Telegram User @iceVermithraxx

Focusing on the Three main driving forces of TokenTraxx Platform which are the Creators, Curators and colectors. TokenTraxx provides a powerful opportunity for Creators to engage on every level with fans in unprecedented ways using NFT technology, whilst simultaneously creating a whole new income stream. Can you briefly explain on creators, curators and collectors and functions of each in TokenTraxx Platform? How can I register to become a creators, curators or collectors in TokenTraxx? Will music right, Royalties and Revenues be supported for Creators in Token||Traxx? How can Curators earn from their Ability to spot untapped potential and bulid their own playlist?

Brian Elders

How can I register to become a creators, curators or collectors in TokenTraxx?

https://tokentraxx.com/#guestlist

TommyD 🙂

Token||Traxx is designed to support the symbiotic relationship between three tightly defined groups within the music community

These are music’s Creators, Curators and Collectors

The interaction between them forms how we discover, engage, share and fall in love with music.

Creators — Create music — musicians, producers, songwriters, etc. Creators need support to be able to keep creating.

Curators — Find, filter and elevate music — DJ’s, A&R, Influencers, social media tastemakers, etc.

Jonah 🏅🎹 | Satoshi Club

I Just did now

TommyD 🙂

Curators make it easier for the wider community to define quality and excellence.

They need to be rewarded for the effort they make

Collectors — Collect music, sometimes specific genres, artists, or rare versions

They need to be empowered with the ability to find potentially valuable hidden gems

It doesnt matter what level you are Token||Traxx is for you

Jonah 🏅🎹 | Satoshi Club

This makes it all the more exciting

TommyD 🙂

We are developing the FUCINFT

This is our royalty NFT

A FUCINFT (Fractionalised Utility Community Infused Non Fugible Token) is a special NFT token that incorporates music rights

Paul Taylor

its a cracking name !!

Jonah 🏅🎹 | Satoshi Club

Yeah

TommyD 🙂

It’s a revolutionary idea allowing fans to directly share in the royalties generated in the traditional music world and therefore the success of their favourite artists

Robocop | Satoshi Club

so is this mean its unique,rare, and special ? how we possible to get this ?

TommyD 🙂

but also spawns the concept of music ‘traders’ whose talent is to spot an early stage artist and invest in them

Brian Elders

on the Token||Traxx platform

TommyD 🙂

We are working on the concept of monetising a playlist

Jonah 🏅🎹 | Satoshi Club

Sounds Great

TommyD 🙂

but its going to revolutionise your abillity to find and share music

TommyD 🙂

We’rew all curators

I bet each and everyone of you has an artist or piece of music that you know is amazing and you want to share it

Brian Elders

for sure

TommyD 🙂

On Spotify you get nothing for that talent

Jonah 🏅🎹 | Satoshi Club

True

TommyD 🙂

On Token||Traxx you will

BRING IT ON!!

Jonah 🏅🎹 | Satoshi Club

This will truly revolutionise the music industry

Brian Elders

it will

Jonah 🏅🎹 | Satoshi Club

Thank you for your answers

Robocop | Satoshi Club

Thank you for the perfect answer

Jonah 🏅🎹 | Satoshi Club

Ready for the next one now?

Robocop | Satoshi Club

lets continue to next question

Robocop | Satoshi Club

Q5 From Telegram User @meml97

It is known that when it comes to music, creators often don’t receive the rights, revenues and royalties they deserved, ending up with less payment the deserved or even not having the rights to their own music. So, I was wondering, can you tell us more about how Token Traxx will handle this legal situation when it comes to the rights and revenue creators get from their own work on your platform? Will artists be the only owners of their music or will some right go to the platform? Also, tell us more about how much royalties will they received from their music on Token Traxx? Will the amount of revenue they received depend on the reception their work gets or will it depend on something else?

Jonah 🏅🎹 | Satoshi Club

Partially covered

Robocop | Satoshi Club

but i believe there are still something that you can add here

TommyD 🙂

I can talk about this for days!

Brian Elders

for sure — the technical parts we have spent weeks on

TommyD 🙂

First of all we don’t take any rights

Thats for the labels

Thats the system we’re changing

Artists keep 100%

We are providing the facility for artists to manage their Web3 strategy

And they need a web3 strategy

This is the future and they need to be part of it

For best answer to this and all questions please join me on my weekly NFT Music Twitter space every Monday at 6pm UK time

Jonah 🏅🎹 | Satoshi Club

Awesome

Jonah 🏅🎹 | Satoshi Club

Go follow Guys and turn your notifications on

Jonah 🏅🎹 | Satoshi Club

Thank you for your Answers

Jonah 🏅🎹 | Satoshi Club

Let’s proceed to the last question for this part

Robocop | Satoshi Club

are you ready for the last question from part 1 ?

TommyD 🙂

lets do it

Paul Taylor

yes please

TommyD 🙂

Great questions

Robocop | Satoshi Club

Q6 From Telegram User @chinyere2020

The TokenTraxx team wants to mix the best elements of the traditional music business with the concepts of Web3. Those traditional elements revolve around artist discovery and development”. In order to achieve this, you decided to introduce the TokenTraxx Creator Accelerator Program through which some of the most respected and established music professionals have been brought together to provide mentorship and support for key artists. Can you give more information about this? How can interested Creators take part in this Accelerator Program? What are the requirements that Creators must meet to be able to access a mentor through this program to help them with their music development?

TommyD 🙂

We have an amazing team which we are build ing on every day

They are Grammy, Brits and Oscar winners and titans in music

We want to help artists with their music not just their Web3 strategy but the two go hand in hand

I always say get the music right and the rest will follow

So join up to the mailing list as we’ve already started onboarding

Jonah 🏅🎹 | Satoshi Club

Will there be like a one on one mentorship?

Paul Taylor

We plan to work our community to help us design this accelerator programme

TommyD 🙂

Depends how many TRAXX tokens you have

Brian Elders

Boom

TommyD 🙂

We are community based support as well so other artists helping each other

TommyD 🙂

Haha

Jonah 🏅🎹 | Satoshi Club

Thank you For your answers

It was a pleasure having you answers our community questions so far

Robocop | Satoshi Club

Thank you guys ! it has been an amazing time in this first part of the AMA

TommyD 🙂

Its been amazing thank you

Jonah 🏅🎹 | Satoshi Club

We will now like to proceed to the second part where you will be asked questions directly by our wonderful members

Robocop | Satoshi Club

Now is time to proceed with the second part, the live segment from our community part 2, are you ready?

TommyD 🙂

yes!!

Jonah 🏅🎹 | Satoshi Club

The chat will be opened for 120 seconds..

Part 2 — live questions from the Telegram community

Q1 from Telegram user @krish_crypto22

To Increase the userbase & reach of Platform,Does Traxx has Plans to connect many “Regional Community” along with “Local Ambassadors”?

Paul Taylor

For sure — we think that if a musician in say Uganda sells a couple of NFTs for $10k, that can lifechanging in those economies where life can be harder than it is elsewhere — we will set up exactly that Local players — we believe in tech for good

Q2 from Telegram user @rocky0013

How will Traxx value it’s community? How can I be on the guestlist? What is the benefits for holding Traxx token?

Paul Taylor

https://tokentraxx.com/#guestlist

Q3 from Telegram user @Zohaya

What are the prerequisites for becoming a Token Traxx curator and collector? Is it necessary for them to hold Traxx tokens?

Brian Elders

TRAXX powers the platform and they will be necessary to unlock certain features

Q4 from Telegram user @Nonerlike

Regarding artist does your platform support music and songs other than english language? Are you a global project or local project and how do you plan to educate about your project in the future?

Paul Taylor

We will be starting in English, but we must have other languages and specialised regions -Music is global so will we be

Q5 from Telegram user @captainprice111

I think that music has lost its old value, old melodies and words dance in harmony with each other and I miss those times, especially as a classical music fan. My question is: How is the TokenTraxx team working to restore the music to its original value? Can TokenTraxx revolutionize music?

TommyD 🙂

This is a great question and one that is at the heart of what Token||Traxx is all about. The basic essensce is what do you as an artist have to offer that others want? Listening to your music online has gone. Thats covered by streaming and is mostly free so what else do you have? People want to be closer to you, they want to have a more personal relationship and they want exclusivity and experieneces. All of that can be packaged into NFT concepts and campaigns. Its about being imaginative with your drops and taking the time to take your fans on the journey with you. The big difference is with an NFT those fans can trade that support. So a fan might by 10 NFT’s of a young Ed Sheeran for example, sell 5 for a massive profit when he hits big but still have 5 to say I was there

Q6 from Telegram user @krish_crypto22

To Increase the userbase & reach of Platform,
Does Traxx has Plans to connect many “Regional Community” along with “Local Ambassadors”?

Brian Elders

Music is global and TT has global ambition. There will be initaitives to incubate music loving communities all over the world

Q7 from Telegram user @kammando2

What CHAINS you have Launched In the TOKEN|| TARXX, In Future Do You Make this Platform a MULTI CHAIN, Which BLOCKCHAIN are Currently Launched ?

Paul Taylor

Multichain is the future — we are on the Eth main net and will be bridging to Polygon, Zilliqa initially and then onto BSC and others — its important to have as wide an access as possible

Q8 from Telegram user @Sulyvahn_DS

Can you give us more informations about TRAXX Token Sale how to be eligible and what is required ?

Paul Taylor

sure https://tokentraxx.medium.com/our-tge-is-taking-place-on-march-14th-heres-how-to-use-the-sorted-dealroom-and-secure-a-bag-of-4f36cacdd64d

Q9 from Telegram user @ZHACK12

Government regulation and security are needed to be a satisfying social network site between local and foreign investors. We’d want to learn information regarding Token//Traxx And your privacy and security. Have you successfully completed your launch pad so far?

Paul Taylor

great question : all your info is here -TGE March 14th !! https://tokentraxx.medium.com/our-tge-is-taking-place-on-march-14th-heres-how-to-use-the-sorted-dealroom-and-secure-a-bag-of-4f36cacdd64d

Q10 from Telegram user @captainprice111

TommyD 🙂

Its not our job to revolutionise music. I think theres a huge amount of amazing music being made now but its hard to find because of the issues ariound the current music system. I created a feed last night that explains https://twitter.com/TommyDanvers/status/1501329072428879874?s=20&t=Xbvf5OI7zmsDj6LKNeUxug