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SongTech
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SongTech
@songtech_
Market for Songs. What will you submit?
Katılım Ekim 2023
1 Takip Edilen513 Takipçiler

@PopPunkOnChain Thank you for flagging this.
Your concern has been received 🔽
x.com/songtech_/stat…
SongTech@songtech_
Today we will be deploying SongTech V2 An upgrade to the contracts with optimized payout flow and resolutions for concerns found in V1 The new contract will go live with Phase 3 later today. DMs are open for further questions 📩
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Since @songtech_ has refused to comment and inform users they can lose funds I thought i'd take it here:
Remove your money from this platform.
It is EXTREMELY easy for someone to lock the funds of every holder of a song.
Happy to share POC with the team.
Stop ignoring this.
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@songtech_ @web3__ @friendtech Better discoverability. Sorting by publication year, artist, see what others are buying.
People are only buying songs at the top of the top/new songs view.
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Never aped into friend tech, felt weird
@songtech_ is a spinoff that lets you buy shares of songs with a % of the trading fees going to the artist and existing holders.
Super early in Phase 2. It only has $100k TVL spread out over 500 songs (capped)
In comparison, @friendtech has a $40m TVL
Shares have basically no utility at this point. No idea who is behind the team or what features they're building.
But if Songtech did nothing else besides
1) onboard a meaningful # of popular artists (Phase 3)
2) create private chats with artists for holders (like FT)
3) have a decent mobile experience
Then who knows how far it grows. Other protocols have tried 1+2 but they weren't speculative enough for degens afaict

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Follow up... does anyone know the team behind @SongTech_ or have a contact? Their DMs are closed and haven't been active on Twitter since verifying the contract.
Hate seeing funds at risk, especially if it can be mitigated before the amount grows larger.
@jessepollak maybe you know them since they're on Base?
0xjustadev.eth (⛽️,📉)@0xjustadev
Hey @SongTech_ DM me, need to talk about a vulnerability in your contract.
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@webby_the_dev Great catch.
This has been disabled on the front-end until Phase 3.
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SongTech retweetledi

stop thinking of web2 as a competitor to crypto. it’s not a competitor, it’s a boot loader.
web2 has the social graphs & distribution, crypto has the assets & econ.
@friendtech boot loaded from twitter
@songtech_ boot loading fro spotify
vampire collabs not vampire attacks
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SongTech retweetledi

@webby_the_dev Working on getting it sorted with Base.
Will be verified ASAP 🫡
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@songtech_ Any other features besides just buying/selling a song and playing it in spotify? What else do you offer for ppl buying it? Or is it just a cash grab for ones that put a song first
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SongTech retweetledi

Now tracking @songtech_ on @BuildOnBase
A Social Finance Protocol on Base, dedicated to creating a marketplace for songs

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