Cheers: Change the way musicians earn money, use Bitcoin to reward the art you love

Tipping with digital currency may be about to take off with the advent of Cheers, a bitcoin-based service that offers performing artists a new way to earn income.

     Cheer works with a mobile platform that allows users to send bitcoins to musicians as tips through social networks. It also builds a social network that allows users to share information, send messages to friends, and find their favorite artists. It is a peer-to-peer, web-based anonymous digital currency service that can generate additional income for performing artists.

     Company co-founder Justin Womersley said he believes Chees can revive a declining industry and allow artists to regain the income they deserve.

     Many people's communication is cold, so what Cheers provides is a new way for music fans and artists to communicate. In addition to music, this platform may become a platform for all kinds of artists to be paid and bring them income in the future, from filmmakers to bloggers to graphic designers, all of whom can make money on this platform.

The meaning behind the concept

     Whether you are listening to a musician live at a local bar or you happen to see their video performance on Facebook, you can tip these performers. The company is currently developing an app that supports iOS and is expected to be officially released in the next few weeks.

     The most interesting thing about the Cheers app is its unique ability to "listen" to music and identify whether it is a live performance. According to Womersley, Cheers has partnered with The Echo Nest, an intelligent music data analysis platform. After the app identifies which song is playing and analyzes who the singer is, the user has the opportunity to send a private message to the singer and tip the singer in Bitcoin. When the user has done these things, he can also send a "cheer" and share it on social networks so that the user's friends in the circle of friends can see it.

     Womersley added that Cheers will impact the entire community's ability to improve services. Artists who are not in the entertainment industry can be discovered and paid attention to through the Cheers community, and the community will become a gathering place for information about new artists and artists with many enthusiastic fans.

     It is worth noting that on Cheers, artists can receive tips from fans without registering an account. Cheers is committed to handling outreach services, so it has established a goal, which is to create an organic network that brings together many artists through grassroots efforts. "We want to make good use of this community and let everyone in the community work together to create the Cheers they want."

     Womersley added that "more than one high-profile band" has contacted Cheers, and hinted that enthusiasm for the project has been growing.

Rebates to creators

“There are so many creators out there,” Womersley said. “Most of the time, it’s hard to grow your following. So what we really wanted to create was a way for people to give back to the people who made them happy.”

     Cheers chose to focus on the music industry because of the power of grassroots music communities around the world. However, its ultimate target is all creators. "It can be anything, whether it's a song, a blog post, a painting or a photo on Instagram," said Womersley.

     Womersley said that the Cheers team is not currently keen on finding investors, and their focus is on launching products with a certain user base.

Building community trust

     Womersley acknowledged that some users are concerned about the risks involved in transferring money over the bitcoin network, and he said Cheers is currently prioritizing addressing users' concerns and making sure their money is actually going to the artist.

     "What's really important is for consumers to build trust in us. So we try our best to maintain the principle of openness and transparency. Let everyone know where their money has gone and what stage it is in, and let them know whether the money has really been given to the artist. We don't want people to have any concerns or distrust."

     He added that after two months, if the tip has not been sent out, Cheers will send the tip to the artist on behalf of the user for free. The platform does not charge any intermediary fees, and users do not need to pay any additional fees except for the normal operating costs of the peer-to-peer network.