Quote from: jammyjimbo on July 13, 2017, 04:36:38 PM

Based on pre-crowd-sale price of 8888 for 1 ETH (using 200 as ETH/USD) its a ~USD 36m valuation. Its not cheap but its a nice idea.

Yes at current prices if all were sold out it would be that much, however Ethereum's prices have been fluctuating wildly recently and it was the case where ether was headed a few days ago. Additionally our cap is such that we have enough funds to develop for 1-2 year and successfully market even taken into account risks of fluctuating prices of Ethereum and other cryptos.

While this amount may be a lot for some less applicable projects, the music industry is such that the bigger get bigger. Spotify has raised over 1 billion $ through debt and if we have any chance of competing at the mainstream level, we would need to ensure that funds are there to support our endeavours. We really do with to develop the project (And we have already started with the infrastructure as you can see from our Beta) and hope not to dissapoint!