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How to Stake BitSong
You can earn rewards for BitSong through DeFi yield. DeFi yield lets eligible customers earn yield by lending their crypto to third-party DeFi protocols.
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About BitSong
3/14/2025, 12:11:25 PM
Market Stats
Market Cap
$746,908.43
FDV
No data
Circulating Supply
120,487,568.132 BTSG
Max Supply
No data
Total Supply
180,963,159.932 BTSG
Hold Time
No data
Performance
Popularity
No data
Dominance
0%
Volume (24H)
$194.22
-0.39%
All time high
$16.60
Additional info about BitSong
Networks and details
The price of BitSong has increased by 0.40% in the last hour and increased by 2.30% in the past 24 hours. BitSong’s price has also fallen by 20.55% in the past week. The current price is $0.0062 per BTSG with a 24-hour trading volume of $194.22. Currently, BitSong is valued at 99.96% below its all time high of $16.60. This all-time high was the highest price paid for BitSong since its launch.
The current circulating supply of BitSong is 120,487,568.132 BTSG which means that BitSong has as total market cap of $746,908.43.
Ethereum:;
0x05079687D35b93538cbd59fe5596380cae9054A9
Cosmos:;
IBC/4E5444C35610CC76FC94E7F7886B93121175C28262DDFDDE6F84E82BF2425452
Osmosis:;
ibc/4E5444C35610CC76FC94E7F7886B93121175C28262DDFDDE6F84E82BF2425452
Price history
Today | $0.0062 | ↗ 2.30% |
1 Day | $0.0061 | ↗ 2.30% |
1 Week | $0.0078 | ↘ 20.55% |
1 Month | $0.0094 | ↘ 33.94% |
1 Year | $0.0149 | ↘ 58.40% |
Market details
Performance against other markets | ↘ 58.86% |
Performance against BTC | ↘ 65.24% |
Performance against ETH | ↘ 18.1% |
Performance in the past year | ↘ 58.4% |
FAQ
BitSong is an open source, distributed, and permissionless music platform built on blockchain technology. The platform aims to establish a decentralized forum for connecting various music industry players. According to the whitepaper of BitSong, the platform is not merely a streaming platform; instead, the platform is a decentralized system of services offered by music providers, fans, traders, and artists.
The whitepaper states that the music industry is witnessing complexities of bureaucratic and economic issues. The industry is characterized by excessive intermediation and non-transparent business models that are disadvantageous for artists. Royalty distribution methods of the music industry are complex, unfair, and inefficient. Such an inefficient system results in more royalty allocation to the intermediaries while artists and musicians receive a trivial amount. Thus, BitSong aims to enable musicians and artists to upload their musical work on the platform independently or through music providers and earn through their work.
BitSong seeks to offer an NFT Marketplace to the users whereby they can purchase, sell, and collect NFTs of their preferred artists while still earning. The platform also enables the fans to obtain exclusive merch and rare items from their favorite artists. Additionally, the users can vote and be a part of the platform's decision-making process.
BTSG is the native token of the BitSong platform. The platform aims to utilize BTSG as a governance token to enable the token holders to vote on blocks and improvement proposals. The voting power on improvement proposals is determined by the amount of BTSGs staked and the duration of staking. The whitepaper states that BTSG is utilized for paying fees and for exchanges between artists and fans, traders, and music providers.
BitSong is based on the Delegated proof of stake (DPoS) consensus mechanism. The DPoS consists of two parts: the election process and production planning. The election process aims to control the BTGS holders through a democratic system. The production planning system enables the voters to detect malice in the voting system.
BitSong was founded in December 2017 by Angelo Recca, who is also the CTO. Iulian Anghelin is the cofounder and general manager of the platform. Andrea Della Balda is the CEO of BitSong.
We update our BitSong to USD currency in real-time. Get the live price of BitSong on Coinbase.
The current market cap of BitSong is $746.91K. A high market cap implies that the asset is highly valued by the market.
The all-time high of BitSong is $16.60. This all-time high is highest price paid for BitSong since it was launched.
Over the last 24 hours, the trading volume of BitSong is $194.22.
Assets that have a similar market cap to BitSong include Torah Network, Kibho Coin, WANKO•MANKO•RUNES, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of BitSong is 120 million.
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Legal
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.