The era of viewing virtual currency only as a speculative market is coming to an end.
The online consumption market has expanded even further due to the Corona 19 pandemic. Companies that operated their own point system have already set their own coins rather than simple points. And it has a certain amount of bitcoin, the key coin, so that its own coin can be used in the market.
Holders with their own coins become investors, and companies that do online business secure funding power for service construction through coin sales. As related businesses grow and the commercialization of coins accelerates, coin investors will be able to view it as a stable investment market rather than speculation. The coin market is currently undergoing a transition.
The evidence reflecting such market changes can be seen as NFT. This is because NFT is a digital asset containing collectible content. Having collectable value means that the market demand is strong, and the extent of value increase increases as content that forms a more intense enthusiast group. The reason why coins such as Chiliz, Sandbox, Engine Coin, and Decentraland, which have become hot topics in recent years, are soaring due to there estimated value.
SOBA, Designing a Platform for a Value Investment
The SOBA platform is also a platform created to target such enthusiasts. In recent years, the music industry has been booming with an increase in digital sales. According to the International Music Industry Association (IFPI), the size of the music market in 2020 is estimated to be about 26 billion dollars. However, while revenue sources such as streaming services continue to grow, revenues from music-related copyrights and syncs are undervalued within the industry.
This is because there is still no central database for tracking music information. In addition, the complex interactions for record production lead to a lack of transparency, and the disadvantages associated with it remain the artist’s share.
SOBA is a platform that supports artists and corrects the structure of the unbalanced music market. With the power of the fans that follow the artist, more loyalty can be returned to the artist. The undervalued copyright revenue market is transparently disclosed to fans, and it is opened to allow initial investment and profit distribution. It is to have the most powerful weapon that the music market enthusiasts can only form. SOBA coins are used as a means of interactive trading for fans and artists to build such an ecosystem.
SOBA, Settled After Securing a High on the First Day of Listing on Gopax
On the 11th at 14:00, SOBA coin was first listed on the domestic virtual asset exchange Gopax.
In a short period of time that day, SOBA coin rose up to 3,170% compared to the market price. The highest price was 1,900 won from the market price of 60 won on the day. As of 3/15 10:20, the price increased by more than 400% compared to the market price at 250 won, which is relatively stable.
When the platform beta launches in March, SOBA’s listing on domestic and overseas large exchanges will be more advantageous. Although the platform has not yet been launched, I think the potential for the business model has been evaluated through the listing of GoPax. To correspond to this, we plan to lead the project by focusing more on the platform development quality. In addition, in accordance with the platform’s roadmap, we will continue to supply liquidity to increase the market value of SOBA and promote listing on large exchanges.
Now, Gopax is holding an event to commemorate the listing of SOBA. The period is from March 11 to 18, and during the period, SOBA coins will be paid as compensation to those who made the highest volume of SOBA coins and those who have the highest net purchases. Details of the event can be found at the link below.
https://www.gopax.co.kr/exchange/soba-krw
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