Corite Price

Corite (CO) is a cryptocurrency launched in 2022. It operates as a social token deeply embedded in the music financing vertical.

The protocol functions as a decentralized fan-funding layer for the music industry, directly connecting artists with their audience to finance recordings in exchange for a share of future streaming revenue. This model circumvents traditional gatekeepers like label advances, offering a transparent, blockchain-mediated alternative to music project financing. For artists, it transforms fan engagement into a capital-raising mechanism.

The token operates on the BNB Smart Chain and Ethereum networks. Deployed as a BEP-20 and ERC-20 asset, it draws liquidity from two major EVM ecosystems.

As an EVM-compatible token standard native to both chains, CO interfaces directly with smart contracts, decentralized exchanges, and custodial infrastructure. The token inherits the block finality and security properties of its host networks, requiring no standalone validator set.

Corite originated as a Swedish music-technology startup in 2018, launching its fan-funding beta in October 2019 with 25,000 users. In July 2021, the project entered the US market alongside Hitco Entertainment, closing a $2.2 million pre-sale for the CO utility token. A $6.2 million private token sale followed in January 2022, backed by investors including NGC Ventures, KuCoin Labs, ChromaWay, Gate Labs, and Shima Capital. The token went live later that year, with notable artist collaborations such as a multi-track deal with Alan Walker to bring the ‘Walkerverse’ onto Web3.

The project’s long-term objective is to dismantle legacy music industry funding structures by replacing opaque advances and label recoupments with transparent, fan-powered capital flows. By encoding royalty splits on-chain, Corite aims to turn passive listeners into active stakeholders in the artistic production cycle. This realignment shifts economic agency from a handful of gatekeepers to the networked community of creators and supporters.

Within the Corite ecosystem, CO serves as the settlement and reward currency for music investment campaigns. Fans allocate CO to fund specific artist projects, receiving a proportionate claim on the royalties generated by those tracks across streaming platforms. The token facilitates direct value transfer between backers and creators, eliminating intermediaries in royalty distribution.

Fans commit CO to campaigns. That action underwrites an artist’s recording or promotional push in exchange for a smart-contract-defined revenue share. Artists receive these funds directly to produce and market their work. The platform distributes streaming royalties back to CO holders automatically.

Corite has a maximum supply of 1,000,000,000 tokens. Currently, 219,371,322 are in circulation. With a market capitalization of $25,490, Corite ranks #8,173 among all cryptocurrencies.