Internet City, Dubai--(Newsfile Corp. - March 26, 2022) - LBank Exchange, a global digital asset trading platform, will list STING (STN) on March 28, 2022. For all users of LBank Exchange, the STN/USDT trading pair will be officially available for trading at 16:00 (UTC+8) on March 28, 2022.
Figure 1: LBank Exchange Will List STING (STN) on March 28, 2022
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The digital music market continues to grow rapidly in recent years, however, the copyright protection for music-related workers still remains lacking, and the distribution of royalties generated from music is still not fair enough. To address these issues, STING (STN) developed a decentralized platform using blockchain technology to build an ecosystem so that composers can fairly receive royalties from their works while claiming full ownership of their contents. Its native token STN will be listed on LBank Exchange at 16:00 (UTC+8) on March 28, 2022, to further expand its global reach and help it achieve its vision.
Introducing STING
Recently, Korea's creative cultural content has been recognized for its value by communicating with the world, and it has become a market with steady development. For cultural content to develop into a core industry, the composer's passion must be properly valued, and copyright protection is essential for this.
STING is a decentralized platform developed using blockchain to build an ecosystem so that composers can fairly receive royalties from their works while claiming full ownership of their contents. It is designed to provide fair and timely rewards for all music-related content and services through STING's platform. In order to correct the inefficiency of the current market, provide fair revenue to composers, and give them control of their creations, STING grants each composer a non-fungible token (NFT), allowing them to mint and trade ownership and copyright of their music. It will use its own token, STN, as a governance that can be used for ecosystem direction and agenda voting.
STING ecosystem participants can use the native token STN on STING's platform to utilize the ecosystem as a whole. Using STN, ecosystem participation behaviors are also stored as STING's blockchain technology. Composers and artists have the right to mint and trade their works by providing ownership and copyright to their sound sources through STING. Copyright holders can use STING's NFT market through minting and can sell their NFT's for ownership and copyright. Buyers (users) who want ownership of the property can participate in the NFT market and purchase the desired work through STN.