CEEK ICO Review: Virtual Reality Meets the Music Industry

What Current Issues Are Present?

ceek vrEvery year about 60 million concert tickets are sold in the USA. There is a huge demand for artists to perform live shows but this demand far exceeds the capacity for areas hosting these events.

This leads to a loss of revenue and missed opportunities for fans to experience their shows. Due to this high demand, the music industry has decided to partner with VR developers to make virtual reality stages so that all of the fans can enjoy their favorite music artists.

Because of its capacity limitations, it can be difficult for the music industry to utilize their market potential fully. However, CEEK has created a virtual reality program that allows for a decentralized way for all fans to watch celebrities perform in real time.

How Does CEEK VR Solve Them?

CEEK VR creates an innovative solution through the use of blockchain technology. CEEK removes hurdles that are present by making virtual goods and premium content such as celebrity and music assets. With Smart Contracts, the holders are automatically paid when each payment occurs.

Virtual reality creates a simulated experience of a live concert, attending a sporting event, or other exclusive friends from any moment. It allows content creators to monetize and distribute their assets in a completely virtual environment.

Aspects

  • Secure Transactions: Transactions are transparent, secure, and have a large number of records of exchanges on blockchain
  • Open Standards: Allows CEEK users to own their digital items that can go through a multiple virtual reality environments
  • Blockchain Utilization: Through blockchain technology, CEEKERS can manage, exchange, and access digital assets at a fraction of its cost. Since it uses the ERC232 standard, it will reduce the cost of gas (used to start ethereum based projects) by up to 1/10th of a cent.

Token Sale Information

  • Accepted Payment: BTC, ETH
  • Soft Cap: $35,000,000 USD
  • Hard Cap: $100,000,000 USD
  • Maximum Token Supply: 1,000,000,000
  • Token Sale: February 12th, 2018 – February 18th, 2018
  • Website: https://www.ceek.io/
  • Whitepaper: Here

Disclaimer: We make content only to inform our readers. Don’t take it as investment advice and speak to an advisor before you risk investing in an ICO.

Positives
  • VR Experience: CEEK is running by a high-quality team that knows VR networks and platforms. Since they are experienced, it will be interesting to see their concerts as the project progresses.
  • Celebrity Ownership of Goods: With CEEK, celebrities and artists can obtain ownership of their goods through smart contracts and get paid for them immediately.
  • Celebrity Ownership of Goods: With CEEK, celebrities and artists can obtain ownership of their goods through smart contracts and get paid for them immediately.

Negatives
  • VR Security: We want to know how CEEK’s VR platform is secure as it’s not thoroughly explained through its Whitepaper.

We will be happy to hear your thoughts

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