SounDAC price is $0.01887088
As of the last update, the price of SounDAC (XSD) is $ 0.01887088. It's important to note that cryptocurrency prices are highly volatile and can change rapidly within short periods.
SounDAC is a cryptocurrency and platform geared towards the music industry. It aims to empower artists, producers, and other stakeholders by providing a decentralized and transparent framework that facilitates the creation, distribution, and consumption of music. SounDAC operates on a blockchain, ensuring that transactions are secure, immutable, and that rights holders are fairly compensated.
The founders or creator(s) of SounDAC are not typically well-known public figures like some other cryptocurrency projects. The project is the result of collaborative efforts from developers and professionals in the music and blockchain industries. If specific individuals played a formative role in the development of SounDAC, that information would have to come directly from the project's official communication channels or representatives.
SounDAC works by leveraging blockchain technology to create a digital ecosystem for the music industry. It allows artists to register their work on the blockchain, which helps in establishing and verifying ownership. Transactions, including the sale and licensing of music, are also facilitated through the blockchain, with SounDAC tokens (XSD) used as the medium of exchange. This creates a direct artist-to-consumer or artist-to-licensee relationship, potentially reducing the need for intermediaries.
The unique selling proposition of SounDAC is its focus on the music industry and its related challenges. By using blockchain technology, SounDAC seeks to revolutionize the music economy by ensuring artists receive fair compensation and recognition for their work, all tracked transparently and efficiently. Its platform offers an alternative to traditional music distribution and licensing models, which can often be opaque and inequitable.
Technology upgrades in blockchain projects like SounDAC typically occur through consensus of the community and the developers. They use mechanisms such as forks, where the protocol undergoes significant changes, or through the implementation of improvement proposals. Specific information about how SounDAC upgrades its technology would be provided through official project updates.
The total supply of SounDAC (XSD) tokens is . This number represents the maximum amount of XSD tokens that will ever be created. It's a way to ensure scarcity and potential value retention for the tokens.
SounDAC benefits artists by giving them greater control over their music. They can directly monetize their creations and interact with their audience without heavily relying on third-party platforms or record labels. For listeners and consumers, SounDAC offers the potential for accessing a wider range of music and supporting their favorite artists directly, ensuring the profits go to the content creators.
SounDAC (XSD) can be purchased on various cryptocurrency exchanges. The availability of XSD tokens depends on the exchange listings. You can find a current list of exchanges trading XSD by visiting the official SounDAC website or by checking available market data – it will be on platforms where SounDAC is listed as .
Keeping your SounDAC tokens secure is similar to safeguarding any other cryptocurrency. It's crucial to store them in a reputable wallet – whether it's a hardware wallet, paper wallet, or a trusted software wallet with robust security features. Always ensure your private keys are kept secret and never share them with anyone. Regular backups and using two-factor authentication (if available) also enhance security.
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