OUR PLATFORM WILL MAKE EVERY EFFORT TO UPDATE ITS VIEWERS, SUBSCRIBERS, AND CONTRIBUTORS REGARDING ANY ALTERATIONS TO OUR SYSTEM, AND TO RELAY NEWS AND UPDATES REGARDING THE SHADOWBOX IOS APPLICATION, SET FOR RELEASE NATIVE APP DESIGN AND NEXT PHASE OF NETWORK LAUNCH. PLEASE CHECK BACK SOON, AS WE WILL MAKE EVERY EFFORT TO UPDATE OUR VIEWERS, SUBSCRIBERS, AND CONTRIBUTORS REGARDING ANY ALTERATIONS TO OUR SYSTEM, THE FORTHCOMING SHADOWBOX (BETA V3) APPLICATION, AND DETAILS RELATED TO THE NEXT PHASES OF NETWORK LAUNCH OCCURRING 7.4.2021-2.4.2022. PLEASE NOTE; INFORMATION SUBJECT TO CHANGE PER CORNERMAN, INC. – THE SHADOWBOX GROUP (SBG). OUR OPEN AND FORTHCOMING PLATFORM USES BLOCKCHAIN TECHNOLOGY TO CREATE A TRANSPARENT AND DECENTRALIZED DATABASE OF RIGHTS AND RIGHTS OWNERS BY AUTOMATING ROYALTY PAYMENTS THROUGH USE OF USING SMART CONTRACTS AND CRYPTOCURRENCY.
PLEASE NOTE: DUE TO A HIGH VOLUME OF INTEREST FROM SIGNED AND PROSPECTIVE CONTRIBUTORS, WE HAVE CURATED AND COLLECTED AN ASSORTMENT OF THE MOST FREQUENTLY ASKED QUESTIONS, WITH BRIEF ANSWERS ON OUR BEHALF. TO KEEP A TRANSPARENT POSITION AT ALL LEVELS, OUR SHADOWBOX LEGAL/ COMPLIANCE DIVISION HAS ASSISTED IN DRAFTING OUR POLICIES, GUIDELINES, PROCEDURES, AND AGENDA IN PLAY, DURING BUILD OUT PLEASE CHECK BACK FOR UPDATES. PLEASE ASSURE TO REVIEWING OUR WHITEPAPER AND LEGAL TERMS PAGE(S). SHADOWBOX TAKES YOUR ART, INTELLECTUAL PROPERTY, AND DISTRIBUTION STRATEGIES, JUST AS SERIOUSLY AS YOU DO – @SHADOWBOXSOCIAL
A.) RESOURCE: GENERAL
WHAT IS SHADOWBOX?
SHADOWBOX IS A COMMUNITY, CURRENCY, CATALOG, AND CONTENT BANK, AIMED TO DISRUPT AND REBUILD THE MUSIC INDUSTRY BY ALLOWING CREATORS TO GROW AND THRIVE INDEPENDENTLY AND COLLABORATIVELY ON THEIR OWN TERMS. IT IS A PLATFORM THAT USES THE ETHEREUM BLOCKCHAIN AS THE SUBSTRATE FOR INNOVATION BY EMPOWERING ARTISTS, DIGITIZING THEIR MUSIC RIGHTS AND METADATA, SHARING THIS INFORMATION IN AN OPEN ENVIRONMENT, THUS ENABLING NEW APPLICATIONS, PRODUCTS, AND SERVICES TO LICENSE THEIR CATALOGS AND PAY ARTISTS DIRECTLY WITH MINIMAL FRICTION. WE ARE AIMING TO ENRICH THE LIVES OF ARTISTS AND FANS THROUGH A SHARED LOVE OF MUSIC, AND EXCITEMENT FOR THE POTENTIAL OF DECENTRALIZED TECHNOLOGY. SHADOWBOX IS A MARKETPLACE TO COLLECT AND TRADE UNIQUE, SINGLE-EDITION DIGITAL ARTWORKS. EACH ARTWORK IS AUTHENTICALLY CREATED BY AN ARTIST IN THE NETWORK, AND TOKENIZED AS A CRYPTO-COLLECTIBLE DIGITAL ITEM THAT YOU CAN OWN AND TRADE. A NEW WAY TO INTERACT WITH ART, CULTURE, AND COLLECTING ON THE INTERNET.
WHAT IS SHADOWBOX? (ECONOMY B-SPECIFIC)
SHADOWBOX IS A MARKETPLACE FOR DIGITAL GOODS, INCLUDING COLLECTIBLES, GAMING ITEMS, DIGITAL ART, AND OTHER DIGITAL ASSETS THAT ARE BACKED BY A BLOCKCHAIN LIKE ETHEREUM. ON SHADOWBOX, YOU CAN BUY, SELL, AND TRADE ANY OF THESE ITEMS WITH ANYONE IN THE WORLD. SHADOWBOX IS CURRENTLY THE LARGEST GENERAL MARKETPLACE FOR USER-OWNED DIGITAL GOODS, WITH THE BROADEST SET OF CATEGORIES (200 AND GROWING), THE MOST ITEMS (OVER 4 MILLION), AND THE BEST PRICES FOR NEW CATEGORIES OF ITEMS. SHADOWBOX IS ALSO A DECENTRALIZED MARKETPLACE. TRADING ON ON SHADOWBOX HAPPENS THROUGH A SMART CONTRACT, MEANING THAT NO CENTRAL AUTHORITY EVER HOLDS CUSTODY OF YOUR ITEMS. INSTEAD, USERS STORE ITEMS IN THEIR WALLET OF CHOICE – WHETHER THAT’S A MOBILE WALLET LIKE ‘COINBASE WALLET’ AND/OR ‘OPERA TOUCH’ OR AN IN-BROWSER CHROME EXTENSION LIKE METAMASK. TO BETTER UNDERSTAND THE INNER WORKINGS OF THE SHADOWBOX MARKETPLACE, YOU CAN CHECK OUT THE OPEN SOURCE CODE FOR THE SHADOWBOX SMART CONTRACTS IN THE PROVIDED LINKS (GITHUB, ETHERSCAN) LISTED ON OUR SITE.
WHAT CAN I DO ON SHADOWBOX?
SHADOWBOX LETS YOU BUY AND SELL CRYPTO-COLLECTIBLES, GAMING ITEMS, DIGITAL ART, AND OTHER BLOCKCHAIN-BASED DIGITAL ITEMS. WE HAVE OVER 700 DIFFERENT PROJECTS ON OUR PLATFORM, INCLUDING TRADING CARD GAMES LIKE GODS UNCHAINED AND CRYPTOSPELLS, TO COLLECTIBLE GAMES LIKE AXIE INFINITY AND CRYPTOKITTIES, TO DIGITAL ART PROJECTS LIKE SUPERRARE AND MAKERSPLACE, TO NAME SYSTEMS SINCE THE ITEMS YOU SEE ON SHADOWBOX ARE BACKED BY THE BLOCKCHAIN, PAYMENT IS ALSO MADE IN BLOCKCHAIN-BASED CURRENCIES, OR CRYPTOCURRENCIES. THE MOST POPULAR FORM OF PAYMENT IS ETHER, WHICH IS THE TOKEN THAT HELPS POWER THE ETHEREUM BLOCKCHAIN. HOWEVER, WE SUPPORT MANY OTHER PAYMENT CURRENCIES AS WELL, INCLUDING DAI AND USDC. YOU MAY ALSO NOTICE “SOCIAL TOKENS” OR “GAME CURRENCIES” BEING USED TO BUY AND SELL ITEMS ON SHADOWBOX, AS SOME ONLINE COMMUNITIES OR PROJECTS HAVE THEIR OWN DEDICATED TOKENS.
WHAT IS A SHADOWBOXER?
SHADOWBOXER [N]: A SOCIAL ENTREPRENEUR, ARTIST, AND FRIEND. THIS INDIVIDUAL, OR GROUP OF INDIVIDUALS, IS WILLING TO PLACE EGO, JUDGMENT, AND CONDITIONAL EMOTION ASIDE FOR (30) DAYS, OPENING THEIR MINDS AND HEARTS BY SHARING THEIR PASSION AND TALENTS WITH EVERYONE. A SHADOWBOXER WILL LEVERAGE THEIR SUPPORT AND ACCEPTANCE WITH STRANGERS WHO WILL BECOME THEIR SOCIAL ALLIES WHEN JOINING FORCES, TO WORK, EARN, AND SHARE. A SHADOWBOXER LOOKS UPON UNCONDITIONAL. REINFORCEMENT AND COLLABORATIVE CULTIVATION; AS POSITIVE MEANS TO UNIFY OUR GLOBE, AND WISHES TO ACHIEVE SOCIAL EQUALITY THROUGH THE SHARED EXPERIENCE OF MUTUAL RESPECT, AND THROUGH PROFESSIONAL, PERSONAL, AND FINANCIAL GAIN GENERATED BY THE SHARED ENVIRONMENT SHADOWBOX HAS CREATED FOR THE MILLENNIAL GENERATION. A TRUE SHADOWBOXER SEES THE GROUNDBREAKING ABILITIES THIS STYLE COLLABORATIVE GAIN CAN OFFER, AND WISHES TO ENGAGE THE (30) DAY JOURNEY.
WHAT IS A PROMOTER?
PROMOTER [N]: WITHIN OUR CULTURE OF THE SHADOWBOX GENERATION, A PROMOTER IS A PERSONAL ROLE WITHIN THE SHADOWBOXER, AND IS DEFINED AS A SOCIAL ENTREPRENEUR, ARTIST, AND FRIEND, WHO IS WILING TO GO THE DISTANCE, AND PROMOTE HIS/HER OPPONENT, REALIZING THE SUSTAINABLE BENEFIT OF ACCEPTANCE, ALLIANCE AND UNITY. THIS INDIVIDUAL, OR GROUP OF INDIVIDUALS, IS WILLING TO PLACE EGO, JUDGEMENT, AND CONDITIONAL EMOTION ASIDE FOR (30) DAYS, OPEN THEIR MINDS AND HEARTS BY SHARING THEIR PASSION AND TALENTS, AND LEVERAGE THEIR SUPPORT AND ACCEPTANCE WITH STRANGERS, WHO WILL BECOME THEIR SOCIAL ALLIES, WHEN JOINING FORCES THROUGH THE SHADOWBOX MISSION. A PROMOTER LOOKS UPON UNCONDITIONAL REINFORCEMENT AND COLLABORATIVE CULTIVATION; AS POSITIVE MEANS TO UNIFY OUR GLOBE, AND WISHES TO ACHIEVE SOCIAL EQUALITY THROUGH THE SHARED EXPERIENCE OF PROFESSIONAL, PERSONAL, AND FINANCIAL GAIN ON THE SHADOWBOX TV NETWORK AND SHADOWBOX COLLECTIVE PLATFORM. A TRUE PROMOTER SEES THE GROUNDBREAKING ABILITIES THIS COLLABORATIVE GAIN CAN OFFER, AND WISHES TO ENGAGE THE (30) DAY JOURNEY.
WHAT IS A DUAL PROMOTER? WHAT IS THE BENEFIT OF DUAL PROMOTING?
A DUAL PROMOTER CONTRIBUTES TO TWO (2) AND/OR MORE PLATFORMS DURING THEIR THIRTY DAY WORK TERM. THE DUAL PROMOTER HAS THE ABILITY TO CROSS BRAND, PROMOTE, AND EARN TWO TO FOUR TIMES THE PAYCHECK THROUGH THEIR TERM.
WILL SHADOWBOX INCREASE THE AMOUNT OF CONTRIBUTORS PERMITTED TO APPLY FOR THIRTY DAY WORK PERIODS?
YES. MORE DETAILS TO FOLLOW. PLEASE SEE THE TERMS ON OUR “LEGAL” PAGE FOR ADDITIONAL INFORMATION.
DOES THE SHADOWBOX GROUP CONTRIBUTE TO THE NETWORK?
SHADOWBOX ENGAGES THE PROCESS FOR SOURCING, PROJECT MANAGING, AND DELIVERING WORK IN A FASHION THAT IS REALISTIC, RATIONAL, AND EVER EVOLVING. A CURATED ENVIRONMENT IS NEEDED TO MATCH ARTISTIC AND ALTERNATIVE TALENT INNOVATION WITH A HIGH QUALITY APPROACH TO A FUTURE WHERE DISTRIBUTION BECOMES MORE DIFFICULT BY THE SECOND WHEN YOUR ARE OPERATING AT AN INDEPENDENT LEVEL. WE’RE BUILDING A DIFFERENT SYSTEM. ONE THAT VALUES THE QUALITY OF THE ART AT HAND, NOT JUST THE DOLLAR PRICE. THE SHADOWBOX WEBBASED PLATFORM SCREENS BOTH PROJECTS AND PROFESSIONALS BEFORE BEING ACCEPTED TO THE SITE. CURRENTLY, MORE THAN HALF OF THE PROJECTS SUBMITTED TO SHADOWBOX HAVE BEEN ACCEPTED ALONG WITH THE TOP FIVE PERCENT, BY WHICH HAVE BEEN WAITLISTED. AS A COMMUNITY MANAGER, SHADOWBOX EQUALLY PRODUCES MEDIA AND PRODUCTS TO REMAIN CONSISTENT, EQUAL, AND FORTHCOMING WITH THEIR APPROACH TO BUILD A “SHARED ENVIRONMENT”.
WHAT IS THE RESPONSE TIME AFTER SUBMISSION?
FOR ECONOMY (A), THE SHADOWBOX SUBMISSION AVERAGE RESPONSE TIME IS (6) SIX TO (12) BUSINESS DAYS. FOR ECONOMY (B), THE AVERAGE RESPONSE TIME IS NOT CURRENTLY DETERMINED.
HOW DOES THE SHADOWBOX PLATFORM GENERATE REVENUE?
KINDRED TO INFLUENTIAL CROWDFUNDING PLATFORM KICKSTARTER’S (95%/5%) REVENUE MODEL (GENERATED PER CAPITAL GAINED THROUGH FUNDED PROJECTS ONLY), YET DISTINCT IN ITS OWN RIGHT BY OFFERING A NEW PLATFORM FOR “CROWDCAPITALIZING”, SHADOWBOX (HTTPS:// SHADOWBOX.SPACE/) KEEPS (6%) OF ALL GROSS SALES GENERATED ACROSS LIVE COMPONENTS WITHIN OUR PLATFORM, ALLOCATING (94%) TO ITS COMMUNITY CONTRIBUTORS ACCORDINGLY. THE SHADOWBOX VENTURE CONTINUES TO CALCULATING ITS COST PER ACQUISITION (AVERAGING ACROSS OUR CUSTOMER SUB-SETS) BY DYNAMICALLY INVESTIGATING THE LIKES OF 9BUT NOT LIMITING) CHURN RATES, LIFETIME VALUE, AUDIENCE, VIRTUAL ASSET MARKETS, AND/ OR CUSTOMER SELECTION(S). PLEASE NOTE: BETA-STUDY SAMPLES ARE AVAILABLE ON OUR 2021-23’ (SHBOX) WHITEPAPER, AND/OR CAN BE LOCATED VIA THE “ANALYSIS” SECTION ON THIS SITE. THANK YOU.
HOW MUCH DOES SHADOWBOX PAY ITS CONTRIBUTORS EACH THIRTY DAY TERM?
TOTAL EARNINGS EACH TERM WILL DEPEND ON THE NATURE OF BUSINESS CONDUCTED BY THE 2600 SELECTED CONTRIBUTORS, THE PRODUCT AND MEDIA OFFERINGS, AND THE ABILITY TO AQUIRE PRODUCTS AND MULTI-MEDIA/ LITERARY ENGAGEMENTS FOSTERED KEEP 95% OF GROSS SALES GENERATED ACROSS THE PER EACH (30) DAY TERM PERIOD. PLEASE KEEPING MIND THAT SHADOWBOXES ARE GIVEN THE OPPORTUNITY TO WORK THROUGH ALL OF OUR PLATFORMS IF DESIRED (AS APPLICABLE PER THE EXISTING WAITLIST AND ASSIGNED SHADOWBOXERS). PLEASE NOTE: SHADOWBOX CANNOT PROMISE SECONDARY (AND/OR ADDITIONAL) SELECTIONS TO ACCOMMODATE ALL REQUESTS, BUT WILL MAKE EVERY EFFORT TO ASSIST CONTRIBUTORS WISHING TO WORK THROUGH ALL FACETS OF OUR NETWORK, AND AT MOST, ASSIST IN “WAITLISTING” AN ACCEPTED CONTRIBUTOR IF THEIR REQUESTS ARE NOT MET BEYOND THE INITIAL COMPONENT THEY C
CAN YOU EXPLAIN YOUR PROFIT SHARING AGENDA?
WE TAKE GREAT PRIDE IN DEVELOPING A SIMPLE MODEL THAT CAN REFLECT AN EXCLUSIVE AND COLLECTIVE APPROACH TO SOCIAL ENTERTAINMENT, SOCIAL CAUSE, AND SOCIAL COMMERCE. THE BASE OF OUR COMPENSATION AND PROFIT SHARING MODEL STARTS HERE: EACH OF THE (4) COMPONENTS OFFER (6) COHESIVE CHANNELS/ WINDOWS ON THE SHADOWBOX NETWORK, AND EACH WILL START BY HOSTING A MAXIMUM OF ONE HUNDRED (100) PROJECTS FROM ONE HUNDRED (100) DIFFERENT CONTRIBUTORS FOR THIRTY (30) DAY TERMS EACH PERIOD. SIX (6) CHANNELS X (100) PROJECTS = (600) PROJECTS.
WHAT’S THE BIG DEAL ABOUT SHADOWBOX?
WHEN FULLY REALIZED, SHADOWBOX HAS THE ABILITY TO REWIRE THE MUSIC INDUSTRY, BETTER SERVING THE NEEDS OF ARTIST AND FANS WHILE ALSO ENABLING ENTREPRENEURS AND ENGINEERS, THROUGH OUR DECENTRALIZED TECHNICAL FOUNDATION, TO BUILD PRODUCTS AND SERVICES. WE ARE PUTTING POWER BACK IN THE HANDS OF THE PEOPLE, NOT THE INDUSTRY BIGWIGS.
WHY SHADOWBOX?
THE INDEPENDENT SECTOR HAS SHOWN RAPID GROWTH. THE CROWD- SOURCED, CLOUD BASED, AND CURATED APPROACH TO NEW JOB CREATION HAS SHOWN RAPID GROWTH. AS AN ENVIRONMENT WITH SPECULATION, CHANCE, AND LOTTERY, BUILT ON A FOUNDATION THAT SPEAKS TO DIRECT “CREATIVE TO CREATIVE” NETWORKING, THE SHADOWBOX NETWORK HOLDS AN ADVANTAGE BY OFFERING GREATER PEER TO PEER / GROUP BASED INTERACTION, A “GIVE BACK” COMPONENT – PLEASE SEE RINGSIDE – SHADOWBOX OFFERS A SHARED ECONOMY THAT IS CALCULATED TO BOOST A NEW ERA OF “CROWD- CAPITALISM” VS. “CROWD-FUNDING”.
WHY ARE THERE (6) SIX BOXERS, AND WHAT DO THEIR COLORS REPRESENT?
WITH PROMINENT SOCIAL THEORY IN THE BACK POCKET AT ALL TIMES, THE SHADOWBOX BLUEPRINT PROVIDES A TRAY OF SIX COHESIVE SHADOWBOXERS, THAT EACH STAND FOR ITS OWN UNIVERSAL LIFESTYLE AND MOVEMENT. EACH SHADOWBOXER, THROUGH THE SERVICES AND INTERACTION PROVIDED, COMPLIMENT ONE ANOTHER IN A POSITIVE AND UNIQUE FASHION. PLEASE ENGAGE OUR BOXERS AND REACH OUT TO US!
HOW MANY SHADOWBOXERS DOES THE NETWORK PERMIT TO WORK IN A SINGLE TERM?
SHADOWBOX IS NOW RE-OPEN (AND CURRENTLY WAIVING SUBMISSION FEES UNTIL FURTHER NOTICE) FOR SUBMISSION TO ITS LIVE PLATFORMS: SELECTIVE WORKING COHORTS AND/OR TERMS BEGIN 7.11.21. (SUBJECT TO CHANGE); WITH A MAXIMUM / MINIMUM CAPACITY OF (2600) TWENTY FOUR HUNDRED SHADOWBOXERS TO WORK, EARN, AND SHARE PROFITS EVENLY WITHIN OUR FRAMEWORK, NETWORK SELECTION, AND (30) THIRTY DAY PROCESS OF COLLABORATIVE CULTIVATION AND COMPENSATION.
WHAT IS THE PURSE?
THE (94%) PROFIT GIVEN TO OUR CONTRIBUTORS EACH TERM IS REFERRED TO AS THE “PURSE” AND EACH CONTRIBUTOR IS PAID DIRECTLY TO THEIR BANK / EMAIL AT 12:01 MIDNIGHT (VIA MOBILE AND/OR TRADITIONAL BANKING SOLUTIONS) THROUGH OUR PLATFORM’S AFFILIATION WITH STRIPE/ (STRIPE CONNECT) AND USE OF THEIR SEAMLESS AND SAFE SOLUTION FOR COMPENSATING ITS SHADOWBOXERS EACH TERM. PLEASE REFERENCE STRIPE.COM FOR ADDITIONAL DETAILS REGARDING SEAMLESS SIGN UP AND PAYMENT SOLUTIONS WHEN WORKING WITH THE SHADOWBOX NETWORK. TO CLARIFY, THE “PURSE” IS A REFERENCE FOR OUR SHARED PROFIT OF (94%) OF THE REVENUE MIX, PER (30) DAY (AND/OR EXTENDED) TERM GIVEN TO OUR CONTRIBUTORS, (AND IS EVOLVING ORGANICALLY INTO THE STRATEGIES EMBEDDED WITHIN OUR NETWORK, FUND, AND/OR TOKENIZED (ERC 223 TOKEN) ASET IN MOTION.
IS SHADOWBOX A BANK AND/OR REGISTERED FINANCIAL INSTITUTION
AS WE LIKE TO THINK OF THE “PURSE” AND/OR THE TOKEN AS AN INSTRUMENT TO FOSTER “SOCIAL BANKING”, THE ANSWER IS CURRENTLY “NO”. THROUGH BETA MODELS (V1-V2) WE WERE BUILDING A PLATFORM AND CLOUD BASE STRICTLY SET UP TO PAY ITS CONTRIBUTORS DIRECTLY, WHILE STAYING OUT THE FLOW OF FUNDS AND AVOIDING LIABILITY WHERE DIRECT FINANCIAL TRANSACTIONS ARE CONCERNED, AND/ OR THE NEED TO INSTATE EXTENSIVE CONTRIBUTOR INFORMATION. SHADOWBOX IS CURRENTLY WORKING TO COMPLY WITH ALL RULES AND REGULATIONS PERTINENT TO THE SECURITY EXCHANGE COMMISSION (SEC), AND THEIR INVOLVEMENT WITH BUSINESS WHOM DEPLOY/REPRESENT CRYPTOCURRENCY AND THE INITIAL OFFERINGS THAT ACCOMPANY THE PROSPECTIVE EXCHANGE.
HOW DOES SHADOWBOX HANDLE FINANCIAL TRANSACTIONS AND PAYMENTS?
SHADOWBOXERS (OUR CONTRIBUTORS) THAT WISH TO BE COMPENSATED FOR THEIR SHARED CONTENT ON OUR NETWORK, MUST SIGN UP/ SUBMIT FIRST FOR CONSIDERATION, AND AN ACCOUNT ON OUR OUR PLATFORM WITH COMPLETED REGISTRATION. MATTERS RELATIVE TO FINANCIAL TRANSACTIONS AND EARNING INFORMATION WILL BE PROVIDED ACCORDINGLY. PLEASE CHECK BACK SOON, AS WE WILL MAKE EVERY EFFORT TO UPDATE OUR VIEWERS, SUBSCRIBERS, AND CONTRIBUTORS REGARDING ANY ALTERATIONS TO OUR SYSTEM, THE FORTHCOMING SHADOWBOX (BETA V3) APPLICATION, AND DETAILS RELATED TO THE NEXT PHASES OF NETWORK LAUNCH OCCURRING 8/1/20-1/1/21. PLEASE NOTE: SHADOWBOXERS (OUR CONTENT CONTRIBUTORS) THAT WISH TO BE COMPENSATED FOR THEIR SHARED CONTENT ON OUR NETWORK, MUST SIGN UP FOR AN ACCOUNT WITH STRIPE (WW.STRIPE.COM) AFTER REGISTERING DIRECTLY WITH OUR NETWORK, EVEN IF THEIR CONTENT WAS INITIALLY DELIVERED TO US THROUGH A 3RD PARTY PROVIDER.
IS SHADOWBOX A YOUTUBE CHANNEL AND/OR YOUTUBE NETWORK?
THE ANSWER IS “YES” AND “NO” – 1.) NO: SHADOWBOX OPERATES ON ITS PLATFORM (NOW BUILDING OUT INTO BETA (V3) ON BLOCKCHAIN, AND APPLICATION. 2. YES: TO ACCOMMODATE THE MANY “YOU-TUBERS” WISHING TO HOST THEIR CONTENT ON OUR SITE, SHADOWBOX HAS INCORPORATED A SOCIAL STATION TO COMPLIMENT ITS (6) CHANNEL MODEL, PROVIDING AN ALTERNATIVE TV NETWORK – 6 CHANNEL YOUTUBE ARM. SHADOWBOX TV AND ITS PARTNERED MAGAZINE SHADOWBOX MVMNT HAS EXTENDED ITS SOCIAL CONTENT AIRING THROUGH YOUTUBE, TO PERMIT A COLLABORATIVE AND INDIVIDUAL SOCIAL STREAMING EXPERIENCE, THROUGH EXCLUSIVE HOSTING AND COHESIVE ENGAGEMENT. PLEASE NOTE: DUE TO COPYRIGHT RESTRICTIONS AND CURRENT 3RD PARTY RESTRICTIONS, MONETIZED YOUTUBE INTEGRATION OF ANY SORT IS STILL UNDER STRATEGY/IMPLEMENTATION (VIA SHADOWBOX ALT-TELEVISION). WE ADMIRE YOUTUBE AND SUPPORT THE BUSINESSES BUILT BY MILLIONS OF INDEPENDENT ENTREPRENEURS VIA YOUTUBE’S PLATFORM, AND LOOK TO SUPPORT ITS PLATFORM’S CONTRIBUTORS ON OUR NETWORK IN THE BEST FORMAT POSSIBLE. IT’S OUR GOAL TO PROVIDE THE CONVENIENCE FOR CONTRIBUTORS WISHING TO COLLABORATE THROUGH OUR NETWORK DIRECTLY AND SOCIALLY FOR THEIR (30) THIRTY DAY TERM. YOU MAY OFFER YOUR PREFERRED SOCIAL STREAM ON OUR SUBMISSION PAGE.
WE ARE CURRENTLY EVALUATING INTEGRATION AND PARTNERED STRATEGIES, AND THERE IS A YOUTUBE SUBMISSION OPTION UNDER RE-ADDITION TO OUR NEW SIGN UP PROTOCOL PLEASE NOTE: DUE TO COPYRIGHT RESTRICTIONS AND CURRENT 3RD PARTY RESTRICTIONS MONETIZED YOUTUBE INTEGRATION OF ANY SORT IS STILL UNDER STRATEGY / IMPLEMENTATION (VIA SHADOWBOX ALT-TV) WE ADMIRE YOUTUBE AND SUPPORT THE BUSINESSES BUILT BY MILLIONS OF INDEPENDENT ENTREPRENEURS VIA YOUTUBE, AND LOOK TO SUPPORT ITS PLATFORMS CONTRIBUTORS ON OUR NETWORK IN THE BEST FORMAT POSSIBLE. SHADOWBOX ALTERNATIVE TV FOSTERS OUR GOAL TO PROVIDE THE CONVENIENCE FOR CONTRIBUTORS WISHING TO COLLABORATE THROUGH OUR NETWORK DIRECTLY AND SOCIALLY FOR THEIR THIRTY DAY TERM. YOU MAY OFFER YOUR PREFERRED SOCIAL STREAM ON OUR SUBMISSION PAGE. EQUALLY AND RESPECTFULLY. WE ARE CURRENTLY EVALUATING THE INTEGRATION AND STRATEGIES.
B.) RESOURCE: APPLICATION
WHAT DO I NEED TO USE SHADOWBOX?
IN ORDER TO GET STARTED YOU NEED A COMPUTER OR LAPTOP WITH THE MOST “UPDATED” VERSION OF CHROME, FIREFOX, OR BRAVE BROWSER. ADDITIONALLY YOU’LL NEED METAMASK, A DIGITAL WALLET SERVICE, LOADED WITH ETHER. (MORE DETAILS TO FOLLOW) INSTALLING METAMASK/YOUR DIGITAL WALLET IS CRITICAL TO USE SHADOWBOX. YOU WILL NEED TO INSTALL METAMASK, A DIGITAL WALLET. YOU WILL NEED TO PUT MONEY IN IT TO MAKE YOUR FIRST PURCHASE. PLEASE NOTE: A DIGITAL WALLET LIKE METAMASK ACTS LIKE A BANK ACCOUNT, PLEASE TREAT IT WITH RESPECT, SAFETY, AND SECURITY, ASSURING YOU AVOID AND FORGETTING YOUR PASSWORD AND/OR THE SEED WORDS.
DOES IT COST MONEY TO USE SHADOWBOX? IF NOT, WILL IT EVENTUALLY COST MONEY TO USE SHADOWBOX?
CURRENTLY, AS AN ARTIST, “NO”. YET AS WE MOVE TO OUR NEW BETA (V3) DESIGN, THE ANSWER WILL SLOWLY CHANGE (BUT FOR THE BENEFIT OF THE CONTRIBUTING ARTIST FIRST AND FOREMOST). THERE ARE SMALL FEES ASSOCIATED WITH LISTING MUSIC AS IT COSTS ‘GAS’ TO PUBLISH TO THE NETWORK. AN AS A FAN, OUR GOAL IS GENERATE NEW/ALTERNATIVE COSTS TO BUY MUSIC ON OUR NETWORK AS ARTISTS NEED TO MAKE A LIVING TOO, AND WE ARE HERE TO ASSIST IN THE VALUE CREATION. WE BELIEVE THAT OWNING YOUR IDENTITY AND YOUR MUSIC IS YOUR RIGHT, AND NEEDS TO BE REGULATED ACCORDINGLY. CURRENTLY, WE WILL NOT CHARGE MONEY FOR REGISTERING CONTENT. AS WE CONTINUE TO ADD MORE FEATURES WHICH CREATE ADDITIONAL VALUE FOR ARTISTS, WE MAY BEGIN TO CHARGE FOR INCREASED FUNCTIONALITY.
HOW DO I DOWNLOAD MUSIC?
IF THE UPLOADED RELEASE HAS A PRICE, YOU MUCH PURCHASE THE ALBUM FIRST USING ETHER. ONCE THE TRANSACTION IS BROADCAST TO THE NETWORK YOU WILL BE GIVEN THE OPPORTUNITY TO PURCHASE THE RELEASE. DON’T WORRY, IF YOU WISH TO WAIT BEFORE YOU DOWNLOAD, YOU CAN ALWAYS REVISIT THE STORE AT A LATER TIME AND DOWNLOAD THE PURCHASED ALBUM!
HOW DOES SHADOWBOX MAKE MONEY?
WE BELIEVE THAT OWNING YOUR IDENTITY AND YOUR MUSIC IS YOUR RIGHT. WE WILL NEVER CHARGE MONEY FOR REGISTERING CONTENT. AS WE CONTINUE TO ADD MORE FEATURES WHICH CREATE ADDITIONAL VALUE FOR ARTISTS, WE MAY BEGIN TO CHARGE FOR INCREASED FUNCTIONALITY.
DOES SHADOWBOX PERMIT ME TO DOWNLOAD MUSIC ON MY PHONE?
NOT YET. SHADOWBOX RELIES ON TECHNOLOGIES THAT SIMPLY DON’T FUNCTION ON MOBILE DEVICES, LIKE METAMASK. FOR NOW STREAMING THE AUDIO WILL HAVE TO SUFFICE. WE HAVE A MOBILE APP IN THE PIPELINE BUT RIGHT NOW YOU WILL STILL NEED A DESKTOP TO MAKE PURCHASES.
CAN I USE A CREDIT CARD TO USE SHADOWBOX?
NOT YET. THE TECHNOLOGY SIMPLY ISN’T THERE RIGHT NOW. HOWEVER, AS SOON AS IT IS, WE PLAN TO SUPPORT IT. FOR NOW, SERVICES LIKE COINBASE ALLOW YOU TO BUY ETHER WITH A CREDIT CARD. MORE INFO HERE.
WHAT ABOUT THE LABELS, COLLECTION SOCIETIES, AND DISTRIBUTORS, SUCH AS SPOTIFY, AND YOUTUBE? DOES THE BLOCKCHAIN COMPLETELY DISINTERMEDIATE THEM?
NO, IF THEY ADOPT AND EMBRACE CHANGE, THEY WOULD ALSO GREATLY BENEFIT FROM THIS DATABASE. AS WITH ALL NEW TECHNOLOGY, BLOCKCHAIN CREATES A SHIFT IN SKILL SETS AND OPENS UP NEW OPPORTUNITIES. THERE IS AN EVER-GREATER NEED FOR CURATION AND MARKETING. RECORD COMPANIES COULD BETTER HELP MUSIC LOVERS TO SIFT THROUGH THE HUNDREDS OF MILLIONS OF HOURS OF MUSIC AND, ALONG WITH THE PUBLISHERS AND EXISTING COLLECTION SOCIETIES, VERIFY THAT THE DATA ARE INDEED CORRECT. AT SOME STAGE, ARTISTS WILL INVARIABLY NEED TO WORK WITH THESE AND OTHER PARTIES.
DOES THE SHADOWBOX APPLICATION, INCLUDING TELEVISION, TRAXX, COLLECTIVE, AND/OR MVMNT HAVE A MINIMUM VIABLE PRODUCT?
YES. OUR COMMUNITY MANAGEMENT COMPANY MVP PROVIDES US A REVENUE GENERATING MACHINE WITHIN A PROVEN MODEL. WE CONTINUE TO REFINE OUR PROCESSES AS WE INVEST IN OUR SOCIAL ENGINEERS AND DEVELOPERS.
WHAT ARE THE DIFFERENT PARTS OF THE SHADOWBOX (COLLECTIVE) APPLICATION?
THE COLLECTIVE IS MADE UP OF A COMMUNITY MANAGEMENT COMPANY, A DECENTRALIZED EXCHANGE, A VIDEO GAME DEVELOPMENT DIVISION, AND A COMMUNITY BASED INITIATIVE DESIGNED TO SERVE AND PROTECT THE INTERESTS OF EVERYONE IN THE BLOCKCHAIN INDUSTRY. PLEASE SEE THE “PLATFORM” AND/OR “SHADOWBOX COLLECTIVE” SECTION(S) ON OUR SITE. THIS ANSWER IS CURRENTLY UNDER REVISION – FURTHER DETAILS COMING SOON.
C.) RESOURCE: CRYPTO-ASSETS & NFTS
WHAT ARE CRYPTO-ASSETS?
CRYPTO ASSETS” REFERS TO UNIQUE NON-FUNGIBLE TOKENS, IMPLEMENTED ON THE ETHEREUM BLOCKCHAIN (THE “ETHEREUM PLATFORM”) USING SMART CONTRACTS, SHADOWBOX IS NOT RESPONSIBLE FOR SUSTAINED CASUALTIES DUE TO VULNERABILITY OR ANY KIND OF FAILURE, ABNORMAL BEHAVIOR OF SOFTWARE (E.G., WALLET, SMART CONTRACT), BLOCKCHAINS OR ANY OTHER FEATURES OF THE CRYPTO ASSETS. SHADOWBOX IS NOT RESPONSIBLE FOR CASUALTIES DUE TO LATE REPORT BY DEVELOPERS OR REPRESENTATIVES (OR NO REPORT AT ALL) OF ANY ISSUES WITH THE BLOCKCHAIN SUPPORTING CRYPTO ASSETS INCLUDING FORKS, TECHNICAL NODE ISSUES OR ANY OTHER ISSUES HAVING FUND LOSSES AS A RESULT.
WHAT IS CRYPTOART AND HOW IS IT VALUABLE?
EACH ARTWORK ON SHADOWBOX IS A DIGITAL COLLECTIBLE– A DIGITAL OBJECT SECURED BY CRYPTOGRAPHY AND TRACKED ON THE BLOCKCHAIN. THAT’S JUST A FANCY WAY OF SAYING THEY’RE PROVABLY SCARCE ITEMS THAT CAN BE COLLECTED, AND THAT HOLD VALUE JUST LIKE CRYPTOCURRENCIES LIKE ETHER AND BITCOIN.
WHY DID YOU BUILD A SOCIAL NETWORK FOR CRYPTO-ART?
WE THINK COLLECTING IS INHERENTLY SOCIAL. SINCE DIGITAL COLLECTIBLES HAVE A TRANSPARENT RECORD OF OWNERSHIP, THEY’RE PERFECT FOR A SOCIAL ENVIRONMENT. THE SOCIAL LAYER CAN MAKE IT EASIER TO ASSESS VALUE AND OTHER CONTEXT AROUND ITEMS IN THE MARKETPLACE.
DO I NEED CRYPTOCURRENCY TO BUY ITEMS ON SHADOWBOX?
YES, MOVING FORWARD, NEARLY ALL TRANSACTIONS ON OUR NETWORK WILL BE MADE USING ETHER, WHICH IS THE NATIVE CRYPTOCURRENCY TO THE ETHEREUM NETWORK, (THAT POWERS SHADOWBOX.
HOW DOES IT WORK FOR CREATORS?
SHADOWBOX IS STILL IN EARLY ACCESS, ACQUIRING ONLY A SMALL NUMBER OF HANDPICKED ARTISTS. YOU CAN USE THIS FORM TO SUBMIT YOUR ARTIST PROFILE AND GET ON OUR RADAR FOR OUR FULL LAUNCH NEXT YEAR.
ARE THERE MARKETPLACE FEES?
THERE IS A SIMPLE 3% TRANSACTION FEE FOR ALL PURCHASES, PAID BY THE BUYER. ARE THERE ARTIST GALLERY COMMISSIONS? FOR PRIMARY SALES, THERE IS A 15% COMMISSION (CREATORS RECEIVE 85%). FOR SECONDARY SALES, CREATORS RECEIVE A 10% COMMISSION (AKA ROYALTY), PROVIDING PASSIVE REVENUE FROM AN ARTWORK IF IT CONTINUES TO TRADE ON THE SECONDARY MARKET.
WHAT ABOUT FEES/COMMISSIONS FOR ARTWORKS CREATED DURING THE BETA PHASE?
FOR ARTWORKS WITH A TOKEN ID LOWER THAN (4,000), THERE IS NO TRANSACTION FEE OR COMMISSION ON PRIMARY SALES, AND A (3%) COMMISSION ON SECONDARY SALES.
WHAT’S THE MOTIVATION BEHIND SECONDARY MARKET ARTIST ROYALTIES?
WE THINK THE ABILITY TO SECURE A PERCENTAGE OF SECONDARY-MARKET REVENUE FOR ARTISTS IS ONE OF THE MOST REVOLUTIONARY AND EXCITING CAPABILITIES PROVIDED BY ETHEREUM SMART CONTRACTS. IT’S ANALOGOUS TO A MUSICIAN RECEIVING A PERCENTAGE OF SALES FOR A VINYL RECORD ISSUED, SAY, IN THE 1960S AND STILL BEING BOUGHT AND SOLD IN USED RECORD STORES TODAY.
HOW DO I PARTICIPATE IN THE PRE-SALE?
AS APPLICABLE, WE WILL LET EVERYONE KNOW ABOUT THE PRE-SALE ADDRESS WHERE EVERYBODY CAN SEND THEIR ETH TO GET CO2 IN RETURN. PLEASE SEE THE “STAKE” SECTION ON OUR SITE. THIS ANSWER IS CURRENTLY UNDER REVISION – FURTHER DETAILS COMING SOON.
HOW DO I CREATE AND SELL DIGITAL ART AS NFTS?
PLEASE SEE THE “NFT” AND/OR SUBMISSION (SHADOWBOX) SECTION(S) ON OUR SITE. THIS ANSWER IS CURRENTLY UNDER REVISION – FURTHER DETAILS COMING SOON.
I CREATED SOME NFTS ON SHADOWBOX, CAN I SEE THEM ON OTHER PLATFORMS?
PLEASE SEE THE SUBMISSION (SHADOWBOX) SECTION ON OUR SITE. THIS ANSWER IS CURRENTLY UNDER REVISION – FURTHER DETAILS COMING SOON.
D.) RESOURCE: DEFI
WHAT IS A VIRTUAL CURRENCY OR VIRTUAL TOKEN OR COIN?
A VIRTUAL CURRENCY IS A DIGITAL REPRESENTATION OF VALUE THAT CAN BE DIGITALLY TRADED AND FUNCTIONS AS A MEDIUM OF EXCHANGE, UNIT OF ACCOUNT, OR STORE OF VALUE. VIRTUAL TOKENS OR COINS MAY REPRESENT OTHER RIGHTS AS WELL. ACCORDINGLY, IN CERTAIN CASES, THE TOKENS OR COINS WILL BE SECURITIES AND MAY NOT BE LAWFULLY SOLD WITHOUT REGISTRATION WITH THE SEC OR PURSUANT TO AN EXEMPTION FROM REGISTRATION.
WHAT IS A VIRTUAL CURRENCY EXCHANGE?
A VIRTUAL CURRENCY EXCHANGE IS A PERSON OR ENTITY THAT EXCHANGES VIRTUAL CURRENCY FOR FIAT CURRENCY, FUNDS, OR OTHER FORMS OF VIRTUAL CURRENCY. VIRTUAL CURRENCY EXCHANGES TYPICALLY CHARGE FEES FOR THESE SERVICES. SECONDARY MARKET TRADING OF VIRTUAL TOKENS OR COINS MAY ALSO OCCUR ON AN EXCHANGE. THESE EXCHANGES MAY NOT BE REGISTERED SECURITIES EXCHANGES OR ALTERNATIVE TRADING SYSTEMS REGULATED UNDER THE FEDERAL SECURITIES LAWS. ACCORDINGLY, IN PURCHASING AND SELLING VIRTUAL COINS AND TOKENS, YOU MAY NOT HAVE THE SAME PROTECTIONS THAT WOULD APPLY IN THE CASE OF STOCKS LISTED ON AN EXCHANGE.
WHO ISSUES VIRTUAL TOKENS OR COINS?
VIRTUAL TOKENS OR COINS MAY BE ISSUED BY A VIRTUAL ORGANIZATION OR OTHER CAPITAL RAISING ENTITY. A VIRTUAL ORGANIZATION IS AN ORGANIZATION EMBODIED IN COMPUTER CODE AND EXECUTED ON A DISTRIBUTED LEDGER OR BLOCKCHAIN. THE CODE, OFTEN CALLED A “SMART CONTRACT,” SERVES TO AUTOMATE CERTAIN FUNCTIONS OF THE ORGANIZATION, WHICH MAY INCLUDE THE ISSUANCE OF CERTAIN VIRTUAL COINS OR TOKENS. THE DAO, WHICH WAS A DECENTRALIZED AUTONOMOUS ORGANIZATION, IS AN EXAMPLE OF A VIRTUAL ORGANIZATION.
WHERE CAN I BUY ETHER?
FOR U.S. CITIZENS ONLY: YOU CAN BUY ETHER (ETH) IN METAMASK. ETH IS A DIGITAL CURRENCY THAT ENABLES SHADOWBOX TO RUN. FOR EVERYONE ELSE: YOU WILL NEED TO PURCHASE ETH FROM AN EXCHANGE. THE EASIEST WAY IS USING COINBASE, AND TRANSFER THE ETH FROM YOUR COINBASE WALLET TO YOUR METAMASK WALLET. UNFORTUNATELY, YOU CANNOT USE SHADOWBOX WITH A COINBASE WALLET OR ANY OTHER WALLETS. YOU CANNOT USE USD/CAD WITH SHADOWBOX YET, CURRENCIES NEED TO BE CONVERTED INTO ETH FIRST. PLEASE CHECK BACK SOON FOR UPDATED INFORMATION.
HOW DO I GET ETHER, THE DIGITAL CURRENCY?
FOR NOW: CURRENTLY SHADOWBOX IS RUNNING ON RINKEBY TESTNET, FOR THAT YOU’LL NEED TEST ETHER WHICH YOU CAN ACQUIRE HERE: RINKBY FAUCET OR METAMASK FAUCET. OR SHOOT US AN EMAIL AND WE’D BE HAPPY TO SEND YOU SOME. FOR U.S. CITIZENS ONLY: YOU CAN BUY ETHER (ETH) IN METAMASK. ETH IS A DIGITAL CURRENCY THAT ENABLES SHADOWBOX TO RUN. FOR EVERYONE ELSE: YOU WILL NEED TO PURCHASE ETH FROM AN EXCHANGE. THE EASIEST WAY IS USING COINBASE AND THEN TRANSFERRING THE ETH FROM YOUR COINBASE WALLET TO YOUR METAMASK WALLET. UNFORTUNATELY, YOU CANNOT USE SHADOWBOX WITH A COINBASE WALLET OR ANY OTHER WALLETS. YOU CANNOT USE USD/CAD WITH SHADOWBOX YET— CURRENCIES NEED TO BE CONVERTED INTO ETH FIRST.
WHAT’S ETHER (ETH)? WHY DO I NEED IT TO USE SHADOWBOX?
ETHER POWERS THE ETHEREUM NETWORK, WHICH IS WHAT SHADOWBOX IS BUILT ON. ETHER ACTS LIKE ANY OTHER CURRENCY; THE VALUE FLUCTUATES WITH THE MARKET. YOU NEED TO CONVERT YOUR CURRENCY (E.G. USD, CAD, GBP, ETC.) INTO ETHER TO PAY FOR THINGS ON OUR NETWORK. MORE INFORMATION COMING SOON.
WHAT IS GAS?
‘GAS’ IS A SHORTHAND USED TO DESCRIBE THE COST OF POWERING A TRANSACTION OR CONTRACT IN ETHEREUM, WHICH IS THE BLOCKCHAIN NETWORK THAT SHADOWBOX WILL BE BUILT ON.
WHY WILL UPLOADING COST ME GWEI/ETH?
BECAUSE BLOCKCHAIN IS DECENTRALIZED, EVERY TRANSACTION IS DISTRIBUTED THROUGH MULTIPLE COMPUTERS, NOT A CENTRAL SERVER. THIS ENSURES EACH RELEASE IS SECURE AND ONE-OF-A-KIND. HOWEVER, IT ALSO TAKES MORE COMPUTATIONAL POWER, WHICH IS COVERED BY THE COST OF GAS. ETHEREUM TYPICALLY COMMUNICATES THIS COST IN GWEI. CURRENTLY SHADOWBOX IS RUNNING ON RIKEBY TESTNET, FOR THAT YOU’LL NEED TEST ETHER WHICH YOU CAN ACQUIRE HERE: RINKBY FAUCET OR METAMASK FAUCET. OR SHOOT US AN EMAIL AND WE’D BE HAPPY TO SEND YOU SOME.
HOW DO I SEND ETHER, TO METAMASK?
FOR U.S. CITIZENS ONLY: YOU ARE ABLE TO PURCHASE ETH DIRECTLY FROM THE METAMASK WALLET USING THE COINBASE WIDGET. THIS IS MORE CONVENIENT AND DOESN’T REQUIRE YOU TO CREATE TWO ACCOUNTS. FOR EVERYONE ELSE: YOU NEED TO BUY ETH FROM AN EXCHANGE USING NORMAL FIAT CURRENCY. COINBASE IS THE EASIEST TO SETUP, YET, THE CHOICE IS ULTIMATELY UP TO YOU. COPY YOUR METAMASK ADDRESS BUT CLICKING ON THE ‘…’ THEN ‘COPY ADDRESS TO CLIPBOARD’. GO TO COINBASE AND CLICK ‘ACCOUNTS’ AND SELECT YOUR ETH WALLET AND THEN CLICK ‘SEND’. PASTE THE METAMASK ADDRESS IN THE BOX WITH THE AMOUNT YOU’D LIKE TO TRANSFER.
WHAT DOES METAMASK DO?
METAMASK ALLOWS YOU TO SAFELY ACCESS THE ETHEREUM NETWORK. IT ALSO PROVIDES YOU WITH AN ETHEREUM ADDRESS THAT WE CAN USE AS YOUR IDENTIFIER FOR REGISTERING CONTENT ON THE NETWORK.
WHY DOES METAMASK OPERATE SLOWLY?
IF YOU HAVE A LOT OF TABS OPEN, METAMASK WILL SUFFER MEMORY LEAKS AND SLOW DOWN. TO FIX THIS ISSUE, CLOSE ALL YOUR TABS, RESTART THE BROWSER, AND THINGS SHOULD IMPROVE.
CAN LOST ACCOUNTS BE RECOVERED IF I CAN’T ACCESS MY METAMASK WALLET?
UNFORTUNATELY, “NO”. IF YOU LOSE ACCESS TO YOUR METAMASK WALLET, WE CANNOT RECOVER YOUR ACCOUNT. IT IS NOT POSSIBLE AS SHADOWBOX SMART CONTRACTS ARE INTENDED TO SECURE EACH CONTRIBUTING ARTIST, ASSURING ALL DEVELOPERS AND/OR HACKERS CANNOT EDIT, ACCESS, OR REASSIGN THEM, AND THAT OUR PLATFORM PROTECTS INTELLECTUAL PROPERTY AND ANY DATA AROUND OWNERSHIP, FROM BEING TAMPERED WITH. UNFORTUNATELY, IT ALSO MEANS WE CAN’T SIMPLY ‘RECOVER’ ANY ACCOUNTS YOU LOSE AS WELL.
CAN YOU PROVIDE INFORMATION, REGARDING THE INSTALL METAMASK, YOUR DIGITAL WALLET?
YOU CAN INSTALL METAMASK IN YOUR BROWSER FROM THE METAMASK WEBSITE.. TO USE SHADOWBOX, YOU WILL NEED TO INSTALL METAMASK, A DIGITAL WALLET. YOU WILL NEED TO PUT MONEY IN IT TO MAKE YOUR FIRST PURCHASE. PLEASE NOTE: A DIGITAL WALLET LIKE METAMASK ACTS LIKE A BANK ACCOUNT, PLEASE TREAT IT WITH RESPECT, SAFETY, AND SECURITY, ASSURING YOU AVOID AND FORGETTING YOUR PASSWORD OR THE SEED WORDS. PLEASE NOTE – FOR U.S. CITIZENS ONLY: YOU CAN BUY ETHER (ETH) IN METAMASK. ETH IS A DIGITAL CURRENCY THAT ENABLES SHADOWBOX TO RUN. FOR EVERYONE ELSE: YOU WILL NEED TO PURCHASE ETH FROM AN EXCHANGE. PLEASE NOTE: CURRENCIES NEED TO BE CONVERTED INTO ETH FIRST. PLEASE CHECK BACK SOON FOR ADDITIONAL DETAILS.
WHAT IS A CREATOR EMBLEM?
AT THE MOMENT, A “CREATOR EMBLEMS” ARE UNDER PLANNING, HAVE NO MONETARY VALUE ATTACHED JUST YET, AND ESSENTIALLY DICTATE YOUR DIRECT SUPPORT. IF CREATOR EMBLEMS ARE INTEGRATED INTO OUR NEXT LAUNCH, THEY WILL MOST LIKELY BE LINKED TO SUBSCRIPTION PACKAGES OFFERING ACCESS TO EXCLUSIVE CONTENT/MUSIC, MERCHANDISE, SOCIAL EXPERIENCES, AND PRE SALE OFFERS.
HOW CAN EMBLEMS BE SEEN?
EVENTUALLY, IN METAMASK, THE ABILITY TO CLICK ‘TOKENS’ NEXT TO ‘SENT’, WILL DISPLAY ALL OF THE INFORMATION REGARDING CREATOR EMBLEMS
DOES IT MATTER WHAT ACCOUNT I REGISTER WITH?
NO, YOU CAN USE ANY ACCOUNTS CONTAINED WITHIN YOUR METAMASK ACCOUNT. ALL THAT MATTERS IS THAT YOU DO NOT LOSE THE KEYS ASSOCIATED WITH THIS ACCOUNT. SOME USERS MAY NOT WANT TO USE AN ACCOUNT THAT HAS OTHER TRANSACTIONS OR BALANCES ASSOCIATED WITH IT.
WHAT ARE STABLECOINS?
STABLECOINS ARE BLOCKCHAIN-POWERED DIGITAL CURRENCIES THAT COMBINE THE BENEFITS OF OPEN, BORDERLESS CRYPTOCURRENCY WITH THE PRICE STABILITY OF TRADITIONAL FIAT CURRENCIES. STABLECOINS OPERATE ON A DISTRIBUTED BLOCKCHAIN NETWORK THAT ENABLES ANYONE WITH AN INTERNET CONNECTION TO SEND VALUE ACROSS THE GLOBE WITHIN MINUTES. TO PROVIDE PRICE STABILITY, STABLECOINS ARE TYPICALLY BACKED BY FIAT CURRENCY HELD IN RESERVE FOR EACH ISSUED STABLECOIN TOKEN.
E.) RESOURCE: CROWD-SALE
HOW LONG HAS REGULATION CROWDFUNDING (CROWD-SALES) BEEN LEGAL?
REGULATION CROWDFUNDING IS PART OF THE JOBS ACT, WHICH PRESIDENT OBAMA SIGNED IN 2012. HOWEVER, REGULATION CROWDFUNDING ITSELF, ALSO KNOWN AS TITLE III OR REG CF, DIDN’T GO LIVE UNTIL MAY 16, 2016.
WHERE CAN YOU CONDUCT A REGULATED CROWDFUNDING AND/OR CROWD-SALE CAMPAIGN/OFFERING?
COMPANIES MUST GO THROUGH AN INTERMEDIARY THAT IS REGISTERED WITH THE SEC TO CONDUCT THEIR OFFERING. THIS INTERMEDIARY CAN BE A BROKER-DEALER OR A FINRA-REGULATED FUNDING PORTAL. THESE PORTALS ENSURE THAT YOUR OFFERING IS CONDUCTED PROPERLY WITHIN SECURITIES LAWS, AND THEY GIVE EQUAL OPPORTUNITY TO ALL OFFERINGS ON THEIR PLATFORM.
WHAT ARE SOME REPUTABLE PLATFORMS TO CONSIDER, WHEN CONDUCTING A CROWD-SALE?
TO DATE, THE LARGEST PLATFORMS (BY FUNDING VOLUME) INCLUDE, BUT DOES NOT LIMIT) SEEDINVEST, STARTENGINE, WEFUNDER, REPUBLIC, AND/OR MICROVENTURES (FOR EXAMPLE ONLY).
CAN OTHER COUNTRIES (OUTSIDE OF THE UNITED STATES) PARTICIPATE IN A U.S. BASED CROWD-SALE?
NON-U.S. COMPANIES CANNOT USE REGULATION CROWDFUNDING TO RAISE CAPITAL, BUT INTERNATIONAL INVESTORS CAN INVEST IN US COMPANIES, PROVIDED THEY ARE FOLLOWING THE SECURITIES LAWS WITHIN THEIR HOME COUNTRY. THE SOLE EXCEPTION TO THAT IS WE CANNOT ACCEPT CANADIAN AND UK INVESTORS ON STARTENGINE, DUE TO THOSE COUNTRIES’ SECURITIES LAWS.
CAN ANY COMPANY RAISE CAPITAL THROUGH A REGULATED CROWD-SALE?
TO RAISE CAPITAL THROUGH A REGULATED CROWD-SALE, COMPANIES TYPICALLY MUST BE:
PLEASE NOTE: LAUNCHING A REGULATION CROWDFUNDING OFFERING REQUIRES A “BAD ACTOR” CHECK FOR THE SELECT EXECUTIVES (AND/OR TWENTY (20) %+ OF SHAREHOLDERS) OF THE COMPANY, IN AN EFFORT TO VERIFY NO PRESENT DISQUALIFYING PROVISIONS (I.E. CRIMINAL CONVICTIONS AND/OR SEC DISCIPLINARY DEMANDS. PLEASE NOTE: FUNDING PORTALS HAVE DIFFERENT REQUIREMENTS, AND SO THE RESTRICTIONS MAY VARY SLIGHTLY FROM PORTAL TO PORTAL. MANY FUNDING PORTALS ALSO ARE APPLICATION-BASED, AND ACCOMPANIED BY ELIGIBILITY CRITERIA TO SCREEN ORGANIZATIONS THAT MAY POSE A RISK TO INVESTORS. IN REFERENCE TO THE “PORTAL SELECTION” PROCESS; PLEASE NOTE: SOME FUNDING PORTALS ALLOW SAFES (SIMPLE AGREEMENT FOR FUTURE EQUITY); WHICH IS A COMMON AND CURRENT OFFERING FRAMEWORK PRODUCED BY ‘Y-COMBINATOR’, GEARED FOR EARLY-STAGE FUNDING ROUNDS, AND/OR UTILIZED BY ‘PARTIES’ FOR WHICH THIS MODE OF AGREEMENT HAS BEEN DEEMED (BY THESE ‘PARTIES’) TO BE SECURE, SUITABLE, AND/ OR SUFFICIENT (AS APPLICABLE). DETAILED INFORMATION CAN BE LOCATED AT WWW.YCOMBINATOR.COM.
WHAT TYPE OF SECURITIES CAN BE SOLD THROUGH REGULATION CROWD-SALE?
COMPANIES FREQUENTLY CHOOSE TO ISSUE A TYPE OF EQUITY, WHETHER COMMON OR PREFERRED STOCK, IN A REGULATION CROWDFUNDING CAMPAIGN. ALTERNATIVELY, COMPANIES CAN OPT FOR A DEBT OFFERING, CONVERTIBLE NOTE, REVENUE SHARE AND/OR ADDITIONAL (AS APPLICABLE).
WHAT IS A “TESTING THE WATERS” CAMPAIGN?
BEFORE COMPANIES GO THROUGH THE LAUNCH PROCESS, THEY CAN LAUNCH A “TEST THE WATERS” CAMPAIGN TO GAUGE PUBLIC INTEREST IN THEIR OFFERING. THIS MEANS THAT COMPANIES CAN LAUNCH A CAMPAIGN PAGE IN A MATTER OF DAYS AND BEGIN MARKETING THE OFFERING TO SEE IF THEIR COMMUNITY IS INTERESTED IN INVESTING IN THEM. IF THEY GET SUFFICIENT INTEREST, THE COMPANY CAN THEN GO THROUGH THE ASSOCIATED TIME AND COSTS OF PREPARING TO LAUNCH THEIR REGULATED CROWD-SALE (RAISE), AND MAY ACCEPT RESERVED INVESTMENTS AND CONTINUE TO RAISE CAPITAL, UPON A SUCCESSFUL LAUNCH AND INAUGURATION.
WHAT DOES THE CROWD-SALE LAUNCH PROCESS ENTAIL?
IN ORDER TO LAUNCH A CAMPAIGN, COMPANIES MUST FILE A “FORM C” WITH THE SEC. THE FORM INVOLVES BASIC LEGAL DISCLOSURES, INFORMATION ON KEY EXECUTIVES, THE COMPANY’S BUSINESS PLAN AND USE OF PROCEEDS, AND THE TERMS OF THE OFFERING, AMONG OTHER INFO. THIS FORM IS PUBLIC AND CAN BE FOUND IN THE SEC’S EDGAR DATABASE.
HOW MUCH DOES A REGULATED CROWD-SALE CAMPAIGN COST?
A REGULATION CROWDFUNDING OFFERING ROUGHLY COSTS BETWEEN $4,000.00 AND $12,000.00 USD, FOR THE FINANCIAL REVIEW, AUDIT, AND LEGAL DOCUMENTATION. PLEASE NOTE: THESE COSTS GENERALLY EXCLUDE PLATFORM FEES TAKEN BY THE SELECTED FUNDING PORTAL; BY WHICH ON AVERAGE, TAKE SEVEN (7%) PERCENT OF THE RAISE, OR MAY OPTION TAKE AN EQUITY STAKE IN THE COMPANY THAT IS RAISING ON THEIR PLATFORM (AS APPLICABLE).
HOW CAN YOU MARKET YOUR REGULATED CROWD-SALE/CAPITAL-RAISE?
ALL INVESTMENTS MUST GO THROUGH A FUNDING PORTAL (OR BROKER-DEALER) THE OFFERING IS HOSTED ON, AND YOU CANNOT PROVIDE SUBSTANTIVE POSTS ELSEWHERE OUTSIDE OF YOUR CAMPAIGN PAGE WHERE YOUR OFFERING IS HOSTED. THE MARKETING AGENDA FOR A REGULATED CROWD-FUNDING INITIATIVE, CANNOT DISCUSS THE TERMS OF YOUR OFFERING, AND/OR GO-TO-MARKET UNTIL THE REGULATION CROWDFUNDING CAMPAIGN IS LIVE, AND OFFICIALLY ACCEPTING INVESTMENTS.
WHAT HAPPENS WHEN A REGULATED CROWD-SALE CAMPAIGN CONCLUDES?
IF YOUR CAMPAIGN FAILS AND YOU FAIL TO MEET YOUR MINIMUM FUNDING GOAL, ANY MONEY PUT IN BY INVESTORS IS REFUNDED TO THEM. IF YOUR CAMPAIGN SUCCEEDS, YOU CAN DISBURSE THAT MONEY: IT’S NOW YOURS. HOWEVER, THE COMPANY IS OBLIGATED TO MAINTAIN ITS PUBLIC DISCLOSURES AND FILE ANNUAL REPORTS AND UPDATE THOSE DISCLOSURES. THOSE ANNUAL REPORTS MUST CONTINUE AS LONG AS THERE ARE SHAREHOLDERS WHO PARTICIPATED IN THE ROUND (I.E. UNTIL ACQUISITION OR SHAREHOLDER BUY OUT).
PLEASE NOTE: AFTER ONE YEAR, INVESTORS’ SHARES ARE TRADABLE. THIS MEANS THAT IF YOU WANT TO PROVIDE LIQUIDITY TO THE SHAREHOLDERS WHO INVESTED IN YOUR REG CF CAMPAIGN, YOU COULD DO SO BY SIGNING A QUOTATION AGREEMENT TO LAUNCH ON AN ALTERNATIVE TRADING SYSTEM (SUCH AS STARTENGINE SECONDARY) AND LET YOUR INVESTORS HAVE AN OPPORTUNITY TO ACCESS LIQUIDITY. THAT ACCESS TO LIQUIDITY MEANS THAT THERE IS LESS RISK IN INVESTING IN YOUR BUSINESS AS THE INVESTORS ARE NOT LOCKED INTO THE INVESTMENT UNTIL THE BUSINESS IS ACQUIRED OR GOES PUBLIC (GENERALLY 5-10 YEARS LATER). WITH LESS RISK, INVESTORS ARE WILLING TO ACCEPT SMALLER RETURNS, WHICH MEANS BETTER DEAL TERMS FOR THE BUSINESS.
HOW POPULAR IS REGULATION CROWDFUNDING?
AS OF DECEMBER 31, 2020, COMPANIES HAVE LAUNCHED A TOTAL OF 3,217 REGULATION CROWDFUNDING OFFERINGS, RAISING A COMBINED $500 MILLION USD. YOU CAN READ MORE STATS ABOUT REGULATION CROWDFUNDING BY READING OUR QUARTERLY INDEX ON THE INDUSTRY.
F.) RESOURCE: TECHNOLOGY
WHAT IS A BLOCKCHAIN?
A BLOCKCHAIN IS AN ELECTRONIC DISTRIBUTED LEDGER OR LIST OF ENTRIES – MUCH LIKE A STOCK LEDGER – THAT IS MAINTAINED BY VARIOUS PARTICIPANTS IN A NETWORK OF COMPUTERS. BLOCKCHAINS USE CRYPTOGRAPHY TO PROCESS AND VERIFY TRANSACTIONS ON THE LEDGER, PROVIDING COMFORT TO USERS AND POTENTIAL USERS OF THE BLOCKCHAIN THAT ENTRIES ARE SECURE. PLEASE KEEP IN MIND-AS WITH ALL NEW TECHNOLOGY, BLOCKCHAIN CREATES A SHIFT IN SKILL SETS AND OPENS UP NEW OPPORTUNITIES. THERE IS AN EVER-GREATER NEED FOR CURATION AND MARKETING AND MANY INDUSTRY MEMBERS AGREE THAT RECORD LABELS COULD BETTER HELP MUSIC LOVERS TO FEASIBLY MAKE SELECTIONS FROM A BATCH CONTAINING MILLIONS OF HOURS WORTH OF MUSIC, CONTENT, (AND MERCHANDISE).
CAN YOU EXPLAIN THE SHADOWBOX DATA ARCHITECTURE IN MORE DETAIL? WHAT SORT OF DATA GETS STORED WHERE?
SHADOWBOX IS AIMING TO SUPPORT CONSUMER-FACING APPLICATIONS THAT CAN GENERATE LARGE AMOUNTS OF DATA. SHADOWBOX STORES DATA ON ETHEREUM AND IPFS. THE CONTENT HASHES ARE THEN STORED ON-CHAIN TO ENSURE THE INTEGRITY OF THE DATA. THIS DATA ARCHITECTURE IS ONE OF THE MAJOR DIFFERENTIATORS BETWEEN TRADITIONAL SHARING ECONOMY BUSINESSES AND SHADOWBOX PROTOCOL; USER AND TRANSACTION DATA ARE NOT SILOED TO THE DATABASES OF PRIVATE COMPANIES.
HOW DOES SHADOWBOX MAINTAIN USER PRIVACY?
USER AND TRANSACTION DATA IS STORED ON THE ETHEREUM BLOCKCHAIN AND IPFS. THIS MEANS THAT THIRD-PARTIES CAN QUERY THE PUBLIC ETHEREUM BLOCKCHAIN AND IPFS NETWORK FOR CURRENTLY AVAILABLE LISTINGS, A HISTORY OF PREVIOUS TRANSACTIONS, AND THE REPUTATIONS OF VARIOUS ECOSYSTEM BUYERS AND SELLERS. OUR OPEN AND FORTHCOMING PLATFORM USES BLOCKCHAIN TECHNOLOGY TO CREATE A TRANSPARENT AND DECENTRALIZED DATABASE OF RIGHTS AND RIGHTS OWNERS BY AUTOMATING ROYALTY PAYMENTS THROUGH USE OF USING SMART CONTRACTS AND CRYPTOCURRENCY.
G.) RESOURCE: MISCELLEANEOUS-CURATED
GENERAL DEVELOPMENT, INFORMATION, ANSWERS, AND/OR RESPONSES, IN REGARDS TO THE LISTED (CURATED) ‘MISCELLANEOUS’ QUESTIONS BELOW; IS/ARE CURRENTLY UPDATING AND IS/ARE UNDER CONSTRUCTION. PLEASE CHECK BACK SOON FOR ADDITIONAL DETAILS! – @SHADOWBOXSOC1AL
SUMMARY
PLEASE NOTE: SHADOWBOX CANNOT PROMISE SECONDARY (AND/OR ADDITIONAL) SELECTIONS TO ACCOMMODATE ALL REQUESTS, BUT WILL MAKE EVERY EFFORT TO ASSIST CONTRIBUTORS WISHING TO WORK THROUGH ALL FACETS OF OUR NETWORK, AND AT MOST, ASSIST IN “WAITLISTING” AN ACCEPTED CONTRIBUTOR IF THEIR REQUESTS ARE NOT MET BEYOND THE INITIAL COMPONENT THEY CONTRIBUTE TO WHEN THEY ARRIVE TO “EARN”. WE BELIEVE THAT OWNING YOUR IDENTITY AND YOUR MUSIC IS YOUR RIGHT. WE WILL NEVER CHARGE MONEY FOR REGISTERING CONTENT. AS WE CONTINUE TO ADD MORE FEATURES WHICH CREATE ADDITIONAL VALUE FOR ARTISTS, WE MAY BEGIN TO CHARGE FOR INCREASED FUNCTIONALITY.
RESOURCE: REFERENCE
DEFI: IMMEDIATE RESOURCES
HTTPS://ETHEREUM.ORG/EN/DEFI/
HTTPS://ETHEREUM.ORG/EN/NFT/
HTTPS://ETHEREUM.ORG/EN/STABLECOINS/
HTTPS://ETHEREUM.ORG/EN/DAO/
ETHEREUM: IMMEDIATE RESOURCES
HTTPS://ETHEREUM.ORG
HTTPS;//ETHEREUM.ORG/DAPPS
HTTPS;//ETHEREUM.ORG/LEARN
HTTPS://ETHEREUM.ORG/DEVELOPERS
STAKING: IMMEDIATE RESOURCES
HTTPS://ETHEREUM.ORG/EN/ETH2/STAKING/