Muzika Network ICO
Previous
music blockchain comes have overlooked the importance of an oversized
userbase to attainwidescale adoption. These comes have incontestible
that it’s possible to grant a better commission rate to artists for his
or her work victimisation sensible Contract transactions. However, for
artists, the low commission rate offered from traditional music
streaming apps that had immense userbases were additional engaging than
blockchain apps victimisation sensible Contract transactions. Case in
point, a tenth commission of $1,000 from iTunes was desirable to
ninetieth commission of $1 from a wise Contract dealings.
Muzika aims
to provide musicians the simplest of each worlds: a better commission
rate for his or herartistic content and a strong userbase. Muzika has
developed a robust system for incentivizing fans to contribute to the
Muzika system. These incentives can build the userbase necessary for
Muzika to produceeach higher commissions to artists along with the mass
userbase of ancient music streaming sites. The network impact from a
mass userbase are going to be the key to developing AN autonomous,
self-sufficientecosystem. In different words, Muzika will give musicians
with ninetieth of $1,000.
Muzika has already created significant
achievements towards the event of property answer to inefficiencies
within the digital music trade. In 2015, co-founders of Muzika saw an
opportunity within the on-line musictrade and began online music
platform Mapiacompany. in mere over three years, Mapiacompany has become
the #1 world music platform with over 2 million users. Muzika can rest
on this existing userbase and community.
Official Youtube Presentation
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Website
White paper
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How it works
Muzika’s digital music scheme will operate as a channel for distributing and business enterprise music content whereas providing honest compensation to artists. Fans will get to partake in all stages of a song’s lifecycle, starting from support and production to consumption.
Overview of the Muzika Ecosystem:
Within
this self-sufficient ecosystem, community members ar rewarded with
loyalty points for a spread of community activities, together with
selection, commenting, posting, and sharing songs. These loyalty points
arthen converted into Muzika’s utility token, MZK. The system conjointly
provides an immediate link between sponsors and artists, enabling
sponsors to pay artists directly for his or her music.
All
transactions between sponsors, fans, and artists are recorded on the
blockchain, that may be a localised, secure, and changeless ledger.
Outside streaming services also are able to participate within the
systemvictimization an equivalent shared blockchain ledger, that ensures
ultimate transparency once accounting for the quantity of streams and
resultant royalty payouts.
The ecosystem on Muzika platform
Muzika can follow a Steemit like features are going to be within the platform live option and option power are going to be seen in the platform. Users will vote for auditions or song postings.
Blockchain and good contracts will be used for copyrights contents within the platform.
Loyalty programs, users WHO use more the platform can get loyalty points. Loyalty points are going to be one in every of the computation for option power, Loyalty points is converted into MZK.
Token Information Muzika
Token details:
Token name: Muzika
Symbol: MZK
Token type: ERC20
Total supply: 1 billion MZK
TOKEN METRICS
Total number of tokens 1,000,000,000
% for salen20.5 %
Total number of tokens for sale 205,000,000
Hard-cap 20,000 ETH
MUZIKA ECOSYSTEM
Muzika can create associate autonomous, independent system driven by artists and their fans in bicycle-built-for-two, wherever compensations and rewards will become proportional to the extent of devotion place into musical creations and system behind them.
Smart contract can allow digital musical merchandise to be transferred directly from artists to fans, guaranteeing fairer and additional clear economic distribution.
Fans are rewarded with loyalty points for their numerous community activities, which can be often regenerateinto MZK coins — the sole medium of exchange for all economic activities within the ecosystem.
Fans can have opportunities to make direct support to their favorite artists, supporting them and receiving exclusive advantages reciprocally.
TOKEN DETAIL
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