New possible soundcloud/gobbler alternative

[Mystic]

While browsing Reddit today, I came across a guy promoting this new website called wavestack. From what I gather so far, it's meant to be a site that you can both share music and collaborate with other people on songs. It's in beta at the moment but the guy said that beta testers would be getting some perks once the site is officially launched so it might be something very interesting to look into. I'm liking the design so far but you can tell it's pretty incomplete right now.