Recap of CU101 AMA Session with Altostream

On the 16th of February, 2022 at 17:00 UTC, Crypto Updates 101 had an exciting Ask-Me-Anything (AMA) session on their Telegram page with Joshua (Growth Lead) from Altostream.

The session was divided into two segments. Introductions were made in Segment 1, and questions from the CU101 community were answered in Segment 2.

Information in this recap is not investment or financial advice. Ensure to do proper research before investing in a project. For clarity, slight edits have been made to this article and links here lead to images, documents, or other media.

Segment 1 — Introduction

[Alvíss Andorr]

Good Day everyone!

Welcome to the novel AMA session of CU 101!

I am Alvíss. Your host for today. 🎉

Welcoming our guest, Mr. Joshua from Altostream.

Welcome to CU101, we are excited to have you with us.

[Joshua]

Thank you very much, my name is Joshua, and I’m the Growth Lead at Altostream. I’m glad to be here.

[Alvíss Andorr]

That’s great.

Let’s kick off with the introductory segment.

How are you doing today Josh? Are you ready to go?

[Joshua]

Yeah, I’m good. I’m fully ready to go😁

[Alvíss Andorr]

Could you start by introducing yourself and the team behind Altostream to us?

What background did the team members have before Altostream?

[Joshua]

We’re a team of motivated individuals building a great product in the blockchain music industry and changing the formal mode of streaming songs to a system whereby you earn money in form of ALTO token streaming songs on Altostream

As a team we came from different industries to build a great product, we have members who are experienced in music, blockchain engineering, marketing, and the like.

[Alvíss Andorr]

Thank you.

Now I’m getting really excited about this project

[Joshua]

Yeah, thank you 🤝😁

[Alvíss Andorr]

Can you give an overview of Altostream as a whole? And how do you plan to make a change in the Cryptoverse?

[Joshua]

Altostream is a blockchain-powered music platform that enables you to make money by tokenizing listening.

Also beyond the streaming feature, we have an Alto Wallet that enables you to send and receive tokens using your claimed “user tag”

We’re causing a change in the Cryptoverse with a feature that enables you to send and receive your crypto asset faster than using your address.

We also have a system that tokenizes music and makes it an NFT which is very good. And also in the music industry, we have an organic curation system, which eliminates the use of algorithms to determine which artist is famous and who’s song should do well.

[Alvíss Andorr]

Awesome. The Altostream system is really amazing.

[Joshua]

Yeah, it is😁

[Alvíss Andorr]

Do you have any partnerships lined up? If yes, what are they?

[Joshua]

Yes we have, currently, we’re partners with

Avalanche, Brindocorp, Universal API, Conflux network, and Dappy.

[Alvíss Andorr]

Okay, moving on

How important would you deem your community? How crucial are they in the success of Altostream?

[Joshua]

The Altostream community is very important to our growth and for us to scale new heights we need their maximum support.

[Alvíss Andorr]

That’s wonderful

Now for the final question of this segment

Can we see an update on the Altostream roadmap and what progress has been made from inception to now?

[Joshua]

Right now we’ve smashed our milestone for Q1 and Q2 which is to onboard over 20k listeners and right now we’re having our airdrop is currently live and in the next few days, we will be starting our PRESALE.

[Alvíss Andorr]

Can we have a link to the airdrop so the community can participate?

[Joshua]

t.me/AltostreamAirdropBot

[Alvíss Andorr]

Community please join and follow the steps.

This brings us to the end of our introductory segment

Thank you for answering our questions.

[Joshua]

You are welcome great man

[Alvíss Andorr]

https://t.me/CryptoUpdate101/60601

Now it’s time to take the community’s live questions.

Please community you are sending in your Twitter questions along with the Twitter link underneath.

I will give a minute for the community to prepare their questions along with the link after which I unmute the chat.

—Chat was then opened for the live community to send in their questions —

Segment 2 — Live Questions

[Meyene Abasi]

Hello, I have two questions

1.) I’m interested in the financial aspect of this project and I couldn’t find a white paper or litepaper on your website, I would like to know about your tokenomics (how they are allocated, the supply, if you have any plans of burning and all that).

2.) Since the listeners interact and pay directly to the creators, how does the team make money? And what is the assurance that they won’t dump on us after we’ve participated in their sales? (If they have a large allocation)

Hello, I have two questions
1.) I'm interested in the financial aspect of this project and I couldn't find a white paper or litepaper on your website, I would like to know about your tokenomics (how they are allocated, the supply, if you have any plans of burning and all that).

— MeyeneAbasi Ekong (@MeyeneAbasi_) February 16, 2022

[Joshua]

1. Currently the whitepaper and the tokenomics aspect is been worked on you can join our community to get the latest update once it’s ready for the public.

2. In Altostream we have a kind of system that maintains a balance between Curators, Creators, and the team, and this makes everyone win.

[Lordchirod]

How do you intend to incorporate this project into the conflux network ecosystem and to what advantage would this be over other streaming apps like Spotify, Amazon, Apple, etc.?

https://twitter.com/Lordchirod1/status/1493991644420526089?t=wczUqxyPU0IQwgbyep9v-A&s=19

What makes Altostream unique that Spotify/Apple Music and Google music don’t have but Altostream has and How do our favorite creators earn more?

https://twitter.com/Lordchirod1/status/1493918356591759360?t=HjJlxBgWO98OjBvF2RcFqw&s=19

[Joshua]

The advantage Altostream has over other music platforms is the feature that makes it possible for listeners to make money while listening to their favorite songs on Altsostream and the organic curation system makes it possible for any song on Altostream to make it to the top

[OxRaz]

I’ve followed $ALTO right from infant, I am still not convinced on why I should invest, looking at how projects have failed on we the community lately, notwithstanding “what value does $ALTO have? since it is more of a music platform kinda project, what is the reward of holders and the artist? do you plan a staking mechanism or even thinking of digitizing an artist’s work inform of NFTs because that’s what is in vogue?

1. I've followed $ALTO right from infant, I am still not convinced on why i should invest, looking at how projects have failed on we the community lately, not withstanding "what value does $ALTO have? @Calebkure4 @markus_freedom

— Ladysheraz.sol || CU101 (@lady_sheraz) February 15, 2022

cont2.Since its more of a music platform kinda project, what is the reward for holders and the artist?do you plan staking mechanism and digitizing an artist work inform of NFTs? are you aslo looking at leveraging on metaverse to help the artist in terms of performing or concerts?

— Ladysheraz.sol || CU101 (@lady_sheraz) February 15, 2022

[Joshua]

ALTO token is what we used to reward both artists and Listeners. And also artists can get their music promoted using ALTO tokens.

This means the more artiste we have the more ALTO token is put into use and the more the Value increases

[Crypto Flawless]

Many projects initially developed well but were suddenly abandoned, how will you manage your project to get your

position in the market to be among the best blockchain projects in the world?

[Joshua]

The first step we took in doing this is by getting the product ready and making it user-friendly.

And also we are creating opportunities for both artists and listeners with an irresistible offer to make both parties earn from their actions using our platform.

Right now, we are in partnership with Avalanche, Conflux, Brindocorp, Universal API, Dappy, and Sinzu to bring Altostream to the position it belongs to.

[Topind]

I love the fact that Altostream is a blockchain-powered music

a platform that enables you to make money tokenizing listening but I would like to know if I make money in regards to the number of listeners I get it songs I dropped?

I love the fact that Altostream is a blockchain-powered music
platform that enables you make money tokenizing listening but I would like to know if I make money in regards to the number of listeners I get it songs I dropped?@Ayomidelex01 @spott @Spott001

— Femi Oyinloye (@topind7) February 16, 2022

[Joshua]

Yes, but the kind of structures put in place on Altostream would make your songs open to more listeners and help you to earn more as an artist.

[Alvíss Andorr]

Wonderful

Can you answer one more? 😊

[Joshua]

Yeah

[Mansur]

Hello I have a question, if an artist wants to register on the platform must he/she has at least an Ep and can it also be converted to a musical NFT

Hello I have a question, if an artist wants to register on the platform must he/she have at least an Ep and can it also be converted to a musical NFT

— Mr Mayhem. (@yungshawls) February 16, 2022

[Joshua]

To register on Altostream you don’t need to have an Ep, you can get on board with your single song, and gets our amazing listener vibe to it.

[Alvíss Andorr]

All right.

This has been an informative session.

Thank you community for your questions and also the guest for your time and dedication in answering them.

And concluding words for the community?

[Joshua]

Thank you very much Crypto Updates.

To get more updates on Altostream you can join our social media channel

Here are our official links:

https://t.me/Altostream