Dyl Whitepaper

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ETH CONTRACT ADDRESS:

0xE62bE16aa3c50baFb1855b4dEd7799D9150BB1A1

SOlD OUT!

15% PResale sold in fair public launch

$Dyl Token Info

Coin supply: 1B Tokens

PResale: 15%

COMMUNITY: 15% (VESTED)

LIQUiDITY: 20%

TREASURY: 50% (LOCKED!)

Treasury designed for 10 years+ staking rewards

Treasury earned by staking

gamified based on music streaming Numbers

Dyl Coin. $DYL COIN. $DYL TOken

Buy Dyl Coin. $Dyl Coin Minting Now. Buy Your $Dyl Coin. Collect $Dyl Coins. If You Want To Buy $Dyl Coin, Come Here To Buy.

Dyl

a decentralized stream-to-earn model

creator-lead. community funded.

• abstract.

This whitepaper outlines the vision and objectives of $Dyl Coin & Dyl NFTs, a Web3 ecosystem designed to empower creators and revolutionize the music industry. This is achieved by using blockchain to incentivize community engagement. Dyl is a Multi-Platinum recording artist, with 10 years of experience in the music industry and 7 years of experience as an entrepreneur in cryptocurrency. Dyl NFTs have created value for our community and reached over $250,000 in revenue with Music NFTs. $Dyl coin is part of our plan to scale to $1M+ in Web3 revenue. 

Dyl aims to enable creators to retain ownership of their work while generating additional value through crypto economics. The paper provides an overview of the problems with monetization in the music industry, the issues with the economics of sharing royalties, and the new $Dyl ecosystem: including the token's utility, the concept of social currency, the creation of a decentralized autonomous organization (DAO), and the integration of Music NFTs. Additionally, we discuss the emerging concept of the attention economy and how this impacts the future of music. $Dyl coin & Dyl NFTs serve as the proof-of-concept for an innovative model in Web3 that Dyl can build for other creators going forward.

• goals.

By participating in $Dyl, artists and community members can unlock new possibilities and engage in a groundbreaking movement within the music industry. Furthermore, this whitepaper emphasizes the long-term mission of Dyl to challenge the logic behind a royalty sharing model. In the future, $Dyl envisions surpassing a $1 billion market cap within the Web3 ecosystem: representing a greater value than is feasibly possible with streaming alone. Even the most successful artists such as Drake and Taylor Swift are only achieving around $50M annually in streaming revenue. Achieving goals such as $100M, $500M, and $1 billion paves the way for a revolution in creator-lead systems in the music industry. 

$Dyl pioneers a decentralized stream-to-earn model within Web3. By participating in $Dyl, artists and community members can unlock new possibilities and re-imagine the way music is valued, distributed, and monetized. $Dyl is a new product for the attention economy, which highlights the importance of fostering meaningful connections between creators and their audience.

$Dyl coin is the embodiment of art & music, represented as a fungible utility token on the blockchain. $Dyl provides immediate utility, services, and products. $Dyl is similar to a concert ticket, VIP access pass, and rewards program. $Dyl is art & music, $Dyl is products & services. $Dyl is not a financial investment. 

• introduction.

The current structure of the music industry is a complex web of intermediaries, including record labels, publishers, and Digital Service Providers (DSPs) such as Spotify, Apple Music, and YouTube. While these entities play crucial roles in the dissemination of music, their control over the distribution of revenues is often skewed against the artists. In many instances, creators receive only a fraction of the revenues generated by their music, while the lion's share goes to these intermediaries. Furthermore, top artists and label signed creators account for the majority of DSP streams. While the rise of digital and social media platforms has undoubtedly expanded the visibility and earning potential of artists, many of these platforms still favor the top one percent of creators, and monetize artists' work without providing fair compensation.

In the face of these challenges, the objective of the $Dyl Coin initiative is to disrupt this traditional model and redefine the rules of the music industry. By utilizing the decentralized and secure nature of blockchain technology, $Dyl Coin aims to shift the balance of power towards artists and fans. This whitepaper delves into the various components of the $Dyl Coin ecosystem and explores how it promises a radical transformation of the music industry's economics.

• the challenges in music industry monetization.

The revenue model prevalent in today's music industry is disproportionately skewed towards intermediaries and record labels, therefore leaving a minority of all earnings for independent artists. This is due to a variety of contractual and structural factors that limit artists' ability to capitalize fully on their work. When signing with traditional record labels, artists often have to relinquish ownership of their masters, consequently giving up significant portions of their streaming and sales revenue. Further compounding this issue, artists' revenues are often subject to a variety of deductions, resulting in them receiving only a fraction of their music's actual earnings. 

Independent artists who own their masters and publishing can achieve a higher portion of their revenue on DSPs, however, these platforms and their playlists are typically controlled by labels. This leaves limited opportunity for independent artists. Blockchain technology and the principles of crypto-economics offer a potential solution to these issues, and a way to incentivize more attention for independent artists.

By leveraging the blockchain, we can establish a transparent and equitable system for incentivizing streaming, enabling algorithmic growth and priority on DSPs. Apps like TikTok and Soundcloud have proven that the value lies in the attention. DSP algorithms will respond accordingly and promote independent artists when they bring enough attention and streams to the music. $Dyl coin is a crypto economic system to incentivize the community to stream Dyl’s music. Through the creation of a social currency, we can add additional value to Dyl’s music as a product for the attention economy. Furthermore, attention economy products can empower artists to maintain control over their masters, thereby securing their long-term financial interests, while rewarding their community of supporters instead of record labels.

• the $Dyl ecosystem.

The $Dyl Coin ecosystem is a novel, blockchain-based system designed to empower artists and engage the community. It comprises three main components: a utility token ($Dyl Coin), a decentralized community, and a range of non-fungible tokens (NFTs) that represent digital assets tied to an artist's work.

Each component plays a unique role in the ecosystem. The $Dyl Coin functions as a utility token and social currency, giving holders access to a variety of benefits, including exclusive content and events. The Dyl decentralized community can be formed into a DAO in the future, providing a platform for token holders to make decisions about the ecosystem's future. Dyl NFTs represent the Dyl music as digital hard copies, like a limited digital vinyl. Ownership of Dyl NFTs is required to earn $Dyl coin rewards, and rewards are proportional to the number of Dyl NFTs held.

• token utility and social currency

At its core, each $Dyl Coin represents a piece of Dyl’s art, music, and community access. As a utility token, $Dyl Coin offers holders a range of benefits, including exclusive access in our community, access to exclusive content and events, services provided by Dyl & Partners, ownership in the future DAO, and the ability to buy Dyl NFTs and earn additional tokens through streaming Dyl’s music.

In essence, $Dyl Coin operates as a social currency within the $Dyl ecosystem. The $Dyl model provides a tangible way for artists to cultivate direct relationships with their communities, rewarding fan engagement and interaction. Furthermore, the value of a $Dyl is intrinsically linked to the success and popularity of the Dyl as an artist, creating a mutually beneficial relationship between the artist and their fans. This value is established through the utility of products and services that are accessed by owning $Dyl, and the growth of the Dyl community, and the attention economy.

• decentralized autonomous organization (DAO)

Community ownership is an essential element of the $Dyl ecosystem. In the future, we can create a DAO that gives $Dyl Coin holders the ability to influence the direction of the ecosystem. By participating in the DAO, token holders can engage in a variety of community matters, such as ecosystem development proposals, artist partnerships, and more. In early stages, it is important for Dyl to maintain control of his art, music, and community by owning the majority of $Dyl , thereby controlling the DAO. 

A democratic approach to governance ensures that the $Dyl ecosystem evolves in a way that reflects the needs and interests of its community. It also empowers artists and fans, giving them a direct say in shaping the future of the ecosystem and the music industry at large. This is a completely new model for the music industry that engages the listeners as never before. Dyl owns his brand as an artist and thereby reserves the right to release control of $Dyl to the DAO at his own discretion. That being said, Dyl is all about community engagement, and regularly uses community feedback to make decisions. Voting and other functionality for $Dyl will be implemented before Dyl releases majority ownership of $Dyl.

• Dyl NFTs

The emergence of NFTs has opened up new possibilities for artists to monetize their work. In the $Dyl ecosystem, Music NFTs play a crucial role in connecting artists directly with fans. These unique digital assets are the cornerstone of the $Dyl social currency. Buying a Music NFT is like buying a digital vinyl, which is scarce, limited, and tradeable online. Dyl releases albums, songs, and artworks which have built in utility and community access.

The Dyl ecosystem takes a simple approach, assigning Status in the community based on 2 Roles: Collector and VIP. The Collector Role is a Standard community member, including Standard access to Discounted Products & Services. The VIP Role is a VIP community member, including VIP access to Included Products & Services. Collectors can choose from a variety of different music, artwork, albums, singles or other items available. Dyl NFTs provide fans with a unique opportunity to own a piece of their favorite album or song, support directly, and most importantly, decide which albums or songs they want to be most successful. 

$Dyl coin rewards are earned based on information about the Dyl NFTs held, such as Status, Album, Song, and quantity held. Some of this information is contained within the NFT traits, which are easily visible on the Dyl NFT Collection on Opensea. There are many factors that decide how $Dyl coin rewards will be allocated and earned long term. As we develop this ecosystem, we will release a more formal breakdown of exactly how $Dyl coin rewards will be distributed under the stream-to-earn model.

• emerging attention economy and its role in the $Dyl ecosystem

The concept of the attention economy is crucial to understanding the underlying dynamics of the $Dyl ecosystem. In an age where attention is a scarce and valuable resource, the ability to capture and retain the attention of audiences is a key determinant of success. The $Dyl ecosystem embraces this concept by incentivizing engagement and interaction within its platform. Furthermore, Dyl aims to incentivize the engagement on third party platforms such as Spotify, Tiktok, Apple Music, Soundcloud, and more by providing a path to rewards for this behavior. DSPs provide daily analytics, which can easily be used to track and monitor all streaming performance.

By using the $Dyl Coin as a form of social currency, the ecosystem rewards users for their attention and participation. The more a user engages with the platform - whether by streaming music, attending events & concerts, or participating in community discussions - the more they earn and contribute to the value of the Dyl ecosystem. This creates a stream-to-earn model that benefits both artists and their fans, fostering a more engaged and supportive community. 

• revenue sharing vs. utility 

The initial version of $Dyl is not a revenue sharing model. However, the Dyl ecosystem is built to facilitate revenue sharing if and when there is regulatory clarity surrounding the issue. $Dyl enables a trustless and decentralized revenue sharing protocol, through the presence of a $Dyl-ETH Liquidity Pool (LP). This model is superior to traditional ETH based revenue sharing. When adding to the $Dyl-ETH LP, revenue stays within the $Dyl coin ecosystem until it is exited by $Dyl sellers. The process of adding value to a LP is hypothesized to be superior to immediately exiting the earnings as ETH to constituents. This concept will be expanded on if and when the revenue sharing portion of $Dyl comes to fruition. 

Do not buy $Dyl expecting revenue sharing. This concept is in a legal gray area, so Dyl is focused on utility for now.  The $Dyl coin operates just like Dyl NFTs, with 1M $Dyl “$Dyl Coin Millionaires” being awarded the same status as Collectors, and 10M $Dyl being awarded the same status as VIP.

$Dyl is a product and a service that delivers immediate utility. For proof of this, simply purchase at least 1,000,000 $Dyl or a Dyl NFT, and then connect your wallet in Discord. You will be immediately able to access several discreet benefits: including a Collector or VIP Chat, a private link to book 1-On-1 consultations with Dyl, and access to the Dyl Music NFT License: offering IP rights to Dyl’s catalog of nearly 100 songs. Furthermore, we offer weekly events and programming for our community through Twitter, Discord, and Telegram. As of 2023 we have offered access to over 20+ in-real-life (IRL) events such as concerts, festivals, meetups and conferences. Notable events include a show with Wu-Tang and Waka Flocka, a private viewing for Methodman, NFT NYC & Art Basel events, Conferences worldwide from Vegas, to Florida, NYC & London, and access to W3BSTOCK Music Festival’s global events.

• tokenomics of $Dyl

The tokenomics of $Dyl Coin have been carefully structured to ensure a fair distribution of tokens, encourage community participation, and facilitate the long-term growth of the $Dyl ecosystem.

The total supply of $Dyl Coin is capped at 1 billion tokens. The distribution of these tokens is as follows:             

$Dyl Coin Tokenomics

• Presale (15%): A presale of $Dyl Coin was sold directly on our smart contract. This allocation represents 15% of the total supply, priced at 7.5 Ether for the presale buyers. This sold out in under 48 hours from the initial contract announcement. 

• Liquidity (20%): 20% of the total supply will be used to provide liquidity for $Dyl Coin on exchanges. This liquidity pool will allow users to easily buy and sell $Dyl Coin, facilitating a healthy and active market for the token.

• Treasury (50%): Half of the total token supply is reserved for the treasury. These funds will be used for a variety of purposes, including decentralized stream to earn model, future partnerships, listing on centralized exchanges (CEX), and other strategic initiatives that promote the growth and development of the $Dyl ecosystem.

• Community (15%): The remaining 15% of the total supply is allocated to the community of Dyl NFT collectors. These tokens are locked initially and will be gradually released to reward and incentivize active participation within the Dyl NFT ecosystem. These tokens will be locked at least until the completion of the Dyl NFT Mint on our new contract. (Crypto Rich Classic Trading Cards)

Dyl was deployed on Uniswap V2 & V3 after Presale and on community feedback has migrated to only Uniswap V2. Contract Address (CA) for $Dyl 0xE62bE16aa3c50baFb1855b4dEd7799D9150BB1A1

The Uniswap link is: 

https://app.uniswap.org/#/swap?outputCurrency=0xe62be16aa3c50bafb1855b4ded7799d9150bb1a1

• ownership and value proposition

$Dyl Coin is a unique social currency that is closely tied to the success of Dyl's music. With over 250 million streams and over $250,000 in Web3 sales, Dyl's music catalog forms the core of the $Dyl ecosystem. Beyond Dyl’s music catalog, the access to his tours, community, and the engagement with the Dyl NFTs bring value to $Dyl Coin. Furthermore, $Dyl allows the onboarding of capital from decentralized finance and centralized exchanges, something that is currently not possible with Music NFTs.

To encourage community engagement and reward fans for support, Dyl NFT holders will earn additional tokens based on the streaming performance of Dyl's music. For instance, if a holder owns a 'Crypto Rich' NFT and that album sees a surge in streams on Spotify, the holder earns more $Dyl. This is a form of active participation by the community. This stream-to-earn model leverages the principles of the attention economy, incentivizing fans to actively engage with Dyl's music and expand the $Dyl ecosystem.

Beyond streaming rewards, $Dyl Coins can be used to purchase a range of products and experiences, including new music, NFTs, merchandise, concert tickets, advisory services and more. This opens up a myriad of possibilities for fans to interact with Dyl's brand and support him directly. $Dyl coin is a way to monetize social capital. 

As the $Dyl ecosystem is in its early stages, Dyl will retain the majority ownership of $Dyl Coins to maintain control over his music, art, and community. This majority stake ensures that the future direction of the $Dyl ecosystem aligns with Dyl's vision as an artist and respects the interests of his community.

With these strong tokenomics and a clear vision for the future, $Dyl Coin is poised to redefine the music industry's monetization model and usher in a new era of artist-led, community-centric music economies.

• conclusion and future outlook

The $Dyl Coin initiative presents a bold and innovative vision for the future of the music industry. By harnessing the power of blockchain technology and crypto-economics, $Dyl Coin aims to disrupt the traditional structures of the music industry, creating a more equitable and inclusive model for all.

With a vision of reaching a market cap of $1 billion within the Web3 ecosystem, the Dyl initiative is not just an ambitious project but a potential game-changer. By empowering artists and engaging fans in an inclusive ecosystem, it provides a blueprint for how the music industry can adapt and thrive in the digital age. Furthermore, $Dyl is a blueprint for all Web3 music artists to accelerate into the future of community ownership including both Music NFTs and fungible tokens.

The journey of Dyl is only beginning. As the initiative continues to evolve, $Dyl will undoubtedly face challenges and obstacles. However, with a long-term vision and robust blockchain framework, Dyl is well-positioned to overcome these hurdles and revolutionize the music industry. By placing artists and fans at the heart of the ecosystem, $Dyl is leading the way towards a brighter & more equitable future.

By participating in $Dyl, artists and community members become part of a groundbreaking movement within the music industry. “The future of music is creator-lead and community funded.” - Dyl