Corite Announcements

Very excited to unveil our newest partnership with JKBX!

https://musically.com/2024/06/25/jkbx-and-corite-team-up-for-fan-investments-in-music/

We have teamed up with U.S.-based JKBX to provide our community with a broader range of options for music investments. JKBX is a company offering SEC-qualified Royalty Shares of hit songs recorded by global superstars such as Beyoncé, Adele and Taylor Swift . These Royalty Shares entitle investors to a portion of the income generated from these songs.

Why?
When Corite was started we wanted to build a community of people passionate about investing in music. We have built a community of over 14,000 $CO holders and 100,000 registered users, and we feel there is still more to give in terms of music investments. This is why we’ve decided to partner up with JKBX to really expand our partnership offerings!

How?
We will be sending out custom links over email and then you’ll need to sign up with JKBX and you’re ready to go!

Starting out this promotion is only available to users with US or Canadian bank details.

Dear community,

The new CO Foundation website is now LIVE!

Check it out: https://cofoundation.io/

Building this website was part of doing things right from the ground up.

Now we have solid fundamentals to build on and a clear distinction between the CO Foundation and Corite.

And to be clear - this is not the product website - this website replaces corite.org - the new project website is still under construction and I can assure you it will be worth the wait, especially for OG holders

The website contains some hints as to what’s coming next - I want to hear your speculations and thoughts on the design!

To celebrate this we’re doing an AMA tomorrow at 3:00 PM CET- will make sure to record it this time

Up and to the right!

Gm CO community,

Today we have something monumental to announce.

The CO Foundation which governs and issues the $CO token will receive a new management board that will carry the torch forward.

From today onwards, I, Vincent Weckström, will be taking over the position as Director of the CO Foundation together with Henrik Hjelte, the Co-Founder of Chromia and ChromaWay.

My background is in business and finance, and I've been working full-time in crypto since early 2022. I have served as a consultant for the CO project for nearly a year now, gaining a clear understanding of both the challenges and opportunities associated with this new position. This insight comes from working closely with the founding team in person at the Stockholm office.

What does this mean for Corite and Project CO?
Corite the company, is still led by Mattias, Emil and Emelie and they are continuing working on Aflow in full speed, which has potential to be of great benefit to Project CO funneling in a new segment of artists into our community.

The CO Foundation will continue to develop applications that drive value to $CO holders and further investment into music and culture through tokenization.

We have laid out a 3-step strategy to start with, here’s a broad strokes overview of immediate actions:


- A rebrand of Project CO to create a more crypto-native brand identity and further cement ourselves as one of the top Web3 projects in entertainment.
- Expanding our partnership offering outside of music, while increasingly making our partnerships token-gated to drive value to the $CO token.
- Building up a new advisory board to guide us through this transition from an established brand in the music industry to a crypto-native entertainment hub.

A more detailed roadmap will be shared with you all soon as the rebrand goes live online.

I think CO has huge potential to become a leading community within Web3 entertainment and culture, and I am very excited about taking Project CO to a new level given the market tailwinds we’ve been getting over the past year.

Regarding exchange listings which I know many of you are wondering about, part of the larger roadmap is working up a respectable liquidity for the $CO token. This will be done in collaboration with market makers and top-tier exchanges - so while listings will not happen in the coming months, the year ahead will contain lots of work in this area. Since we are already listed on Bybit, listing on lower tier exchanges will do us no good, which is why we’re aiming high!

Feel free to follow me on Twitter to stay up to date with what I’m doing! https://twitter.com/vinceweckstrom and 0xvincentblk on Warpcast.

Super excited about the upcoming journey and forever thankful for everyone’s support already ❤️

//Vincent

🚀 Raffle Alert 🚀

Together with our friends at MasterExchange we're raffling away 300€ worth of shares in the "How Deep is Your Love" IMO and 300€ worth of $CO tokens!

Check the attached tweet to participate, 24h left!

https://twitter.com/MasterExchange_/status/1768294956639089027

Gm CO Fam!

We have now updated the roadmap for 2024 on corite.org In this post we will be running through the milestones more in detail.

H1 2024 Roadmap
CO partnership expansion
Progressive decentralization
Artist support to grow community

CO partnership expansion
During the end of 2023 we kicked off a partnership with our friends over at MasterExchange. We have been in close contact with them during the beginning of 2024 and are happy to announce that we’ll be deepening our partnership throughout the year of 2024. This will of course mean many more great deals for the CO community!

We also have a current collab campaign going on with MasterExchange, check it out at: https://www.masterexchange.com/corite?lng=en

New partnership launch(es)
Behind the scenes our business developers have been hard at work talking to several different potential partners for the CO foundation and the $CO token. During the year of 2024 we expect to announce a number of new partnerships that will heighten the utility of the CO token.

Progressive decentralization of project CO
This is a big one. During 2024 we’re teaming up with a layer 1 infrastructure partner to build out the CO DAO. The CO DAO will cement the CO community and our partners on-chain and bring active governance and shaping possibilities to our holder-base plus a lot of new, exciting deals. The CO DAO is the first on-chain initiative for promoting investing in music as an asset class. Stay tuned!

Artist support to grow community
A week ago Corite announced the upcoming launch of Aflow - a new AI-based service that helps artists and their teams get into a flow. Corite is currently collecting participants for their closed beta testing so if you have any artist friends, tell them to request an invite at: aflow.co/

Thank you for reading this far and being a part of our community! We’re very excited about the upcoming year and are looking forward to sharing more updates with you throughout the year!

Best,
The CO Team

Dear Community,

Holiday season is here, the year is coming to an end, and we’re continuously making efforts to adapt to the market and its ups and downs.

And to sum it up, this year has been all about building. Let's take a look back at the year that has passed!

The year kicked off with BBC covering the success of how investing in an artist makes fans feel more involved in the songs. This was exemplified by fan Effie Sampson, who invested in one of Alan Walker's fan campaigns in 2022 via Corite.

The team then worked very hard to prepare the site for the drop of the Central Cee NFT campaign and to build out the existing Mission functionalities. During launch week, we conducted fifteen AMAs in NFT-based game communities, spaces with BNBchain, and with Grammy-awarded producer Rico Love, to name a few.

🎧 When the first payout from the Central Cee NFT campaign arrived from the four songs, we were delighted to share that the payout exceeded the projections. It represented 10% of the total money paid in the initial sale, with 10 years to go. The Central Cee campaign was also the first utilizing our new tech for blockchain-based royalty payments.

🌟 In spring, we were excited to share that our Co-founder Emelie Olsson was named to the Forbes 30 Under 30 list.

💲Then the much-anticipated launch of the Reward Shop took place, including requested rewards such as a raffle ticket for an Alan Walker merch kit and CO token packages still available.

📣 Recently, we announced a partnership with MasterExchange to offer our community top-tier opportunities to invest in music, starting with the hit “We Don’t Have To Take Our Clothes Off”, followed by “Hunter” by Galantis offered by Hannah Wilson.

Some other highlights and updates
✅ Improved overall missions functionality including landing page, different types of missions and earning Fan Power

✅ Dark theme implementation

✅ Added the ability to create multiple NFT campaigns on our platform for solving potential future bottlenecks

✅ Streamlined funding and payments, creating clear automated payouts

✅ Security improvements: DDoS protection and profile security improved as we migrated over to CloudFlare and fixed vulnerability reports

We wish you a great holiday season and look forward to sharing more exciting news and an updated roadmap with you next year.

We're forever grateful for your continuous support!

Team Corite

Attention $CO holders and Corite community!

As you know $BUSD will no longer be supported by Binance from December 15th. In conjunction with this we will also pull liquidity from the $CO-$BUSD pair on PancakeSwap on December 13th at 10.00 CET.

In the meantime we have created and supplied the same amount of liquidity to a new $CO-$USDT pair on PancakeSwap so you will still be able to trade $CO in a decentralized manner. You can find the pair here: http://tinyurl.com/cousdt

Paxos, the issuer of $BUSD, has stated they will continue to support $BUSD at least up until February 2024. We advise you to keep a close eye on this situation and migrate over to other alternatives ahead of time.

If you have any questions, please feel free to reach out to our team on the Telegram or Discord chat.

Best,
The Corite Team

Gm Corite community!

It’s time for another update as we head into the last month of the year.

So what have we been up to since the last update?
- Successfully launched a partnership with our Stockholm-based friends at MasterExchange where $CO holders and Corite users receive a free share when buying a share in the active IMO “We Don’t Need to Take Our Clothes Off” by Ella Eyre with 325m+ streams and counting brought to you by Sean Heargraves. This IMO is open until the 8th of December, so you can still claim your share here: https://masterexchange.com/corite
- We have distributed royalty payments to all Alan Walker NFT holders, coming in at $0.48 per NFT.
- Update for Alan Walker merch winners, confirmed that your winnings are on their way to you! An email should have been sent to you. Please reach out if not.

So what’s our focus for the rest of the year?
- Setting up liquidity for a new trading pair on Pancakeswap as support for $BUSD will be discontinued. The exact procedures will be communicated in a separate, detailed message.
- Building out support for a new chain - this process has taken a bit longer than expected, but we’re still working hard on building out the technical foundation for supporting new chains in future campaigns.
- Working towards new partnerships - the Corite x MasterExchange partnership has been a huge success and we’re actively working towards new partnerships

Thank you all for sticking with us for another year! We wouldn’t be where we are without our beloved community

Hope everyone has a great end to 2023!