Stargaze Entertainment Group Inc Announces It Is Launching "HUMM" a Blockchain Token for the Music Industry.

Rhea-AI Summary

Stargaze Entertainment Group Inc (OTC: STGZ) has announced the development of a unique Blockchain Token named HUMM, aimed at transforming the music publishing industry. This token will allow ownership of songs on a single basis across three levels, with up to 60% ownership offered. The HUMM Token is set to launch by January 10, 2022, featuring over 1000 songs from various artists. The token's value correlates with the artist's history, and a maximum of 50 participants can invest in each song token.

Positive

• Launch of HUMM Token expected to provide innovative investment opportunity in the music industry.
• Up to 60% ownership available in the HUMM Token, potentially attracting more investors.
• The token includes a unique design and has a structured ownership model.
• Projected availability of over 1000 songs from various artists at launch.

Negative

• Uncertainties regarding market conditions and acceptance of the HUMM Token.
• Potential risks associated with the technology's competitiveness.

VANCOUVER, BC, Oct. 26, 2021 /PRNewswire/ -- Stargaze Entertainment Group Inc (the "Company") (OTC: STGZ) announces that it has developed a unique Blockchain Token to be used in the Music Publishing industry. This token is called "HUMM" where ownership will be made available by purchasing a tradable Token that is based on a single song basis. The Songs available to purchase the Tokens  will be on 3 levels: Level 1 is a song by a top Writer/Artist and Level 2 will be a song by a mid-tier Artist with some track record and then Level 3 will be on new Writer/Artists. The Token value will be based on the Level of the song's Writer's/Artist's history. There will be up to 60% ownership available in the HUMM Token that will have a one of a kind unique and numbered design where up to 50 people can participate in the segmented Token. The Tokens and songs will be maid available on www.hummtoken.com

"The HUMM Token is expected to launch on or before January 10^th, 2022 and have over 1000 songs from many Artists available and growing", said Stephen Brown, CEO. 

 "YOU CAN OWN A PIECE OF A HIT RECORD."

Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.

For more information: 
Stargaze Entertainment Group Inc
1720-650 West Georgia St
Vancouver, BC V6B 4N8

Contact: Stephen Brown, CEO
www.stargazeent.com
info@stargazeent.com
Ph: (778) 819-6549
 

View original content:https://www.prnewswire.com/news-releases/stargaze-entertainment-group-inc-announces-it-is-launching-humm-a-blockchain-token-for-the-music-industry-301408929.html

SOURCE Stargaze Entertainment Group Inc

FAQ

What is the HUMM Token launched by Stargaze Entertainment Group?

HUMM Token is a unique Blockchain Token designed for the music publishing industry, allowing ownership of songs on a single basis.

When is the HUMM Token expected to launch?

The HUMM Token is expected to launch by January 10, 2022.

How many songs will be available with the HUMM Token?

Over 1000 songs from various artists are projected to be available at the launch of the HUMM Token.

What are the ownership levels for the HUMM Token?

There are three levels of song ownership: Level 1 by top artists, Level 2 by mid-tier artists, and Level 3 by new writers/artists.

What is the stock symbol for Stargaze Entertainment Group?

The stock symbol for Stargaze Entertainment Group is STGZ.