Corite's Fan-Powered Music Funding Model Continues to Shine

**Corite is launching a platform that lets fans buy shares of music royalties and earn from streaming.** The Swedish music-tech startup is going live on EasyA with a model that flips traditional music ownership: - Fans can purchase shares of songs and receive payments each time they stream - Artists gain funding directly from supporters without traditional intermediaries - 12% of token supply locked at launch Corite has partnered with industry figures including L.A. Reid, Rico Love, and Alan Walker. The platform raised $6.2M in a 2022 token sale and aims to create direct financial connections between artists and their audiences through blockchain-based royalty sharing.

**Major Supply Reduction** Corite (@coritecom) will permanently lock 122 million CO tokens tomorrow, removing 12% of the total supply from circulation. **Key Details** - The lock is part of a single window event through @EasyA_Kickstart - No extensions will be offered after the deadline - This represents a one-time opportunity for the token lock **About Corite** Corite is a Swedish music-tech platform that allows fans to invest in artists and earn streaming revenue shares. The company completed a $6.2M token sale in January 2022 and works with industry figures including L.A. Reid and producer Rico Love. This supply reduction could impact CO token economics by decreasing available circulation.

Corite, a music funding platform, demonstrates real results with Alan Walker's "Unity" track: **Key Performance Metrics:** - 26 million Spotify streams since 2024 launch - 80% of investment returned to backers in Year 1 - 4 additional years of royalty payments pending The platform allows fans to invest in music releases and earn streaming royalties. Unlike typical token launches that sell promises, Corite shows verified payment history. **How It Works:** - Fans purchase shares in upcoming releases - Earn passive income from streaming revenue - Artists get upfront funding without label deals The platform recently launched on [EasyA](http://Corite.com) with 12% of token supply locked. Corite has partnerships with industry figures including L.A. Reid and producer Rico Love.

Corite ($CO) has announced the termination of yield rewards for token staking on Binance Smart Chain (BSC). This strategic move aims to control token supply inflation. Key points: - Immediate end to staking yields on BSC - Token holders advised to withdraw staked assets - New utility features teased for near future *This follows the earlier shutdown of Cryptopolis and discontinuation of CPO trading announced in October.* **Action Required**: $CO holders should withdraw their staked tokens from BSC.

**Strategic Partnership Announcement** Robins has formed a strategic partnership with Chromia to develop its base architecture. The development will leverage Chromia's experienced dApp team. **Background on Chromia:** - Layer-1 blockchain platform - Features dedicated dApp chains - Offers customizable fees - Provides real-time data indexing - Focused on enhanced user experience - Recently upgraded bridge capabilities The collaboration aims to strengthen Robins' blockchain infrastructure while utilizing Chromia's technical expertise.