In our world, where everything has gone digital, music industries have grown in profit but sadly there is a few questions to be raised about the income of artists. In a world where songs and videos are just a click away unlike when CDs were sold, we are left dazzled as to why record labels aren’t as highly compensated as they once were and there’s no payment transparency. Though the music industry has grown overtime, most musicians find it hard to make a living. I think the music industry needs revival, musicians need to get paid while their songs are widely enjoyed and labels getting well compensated. According to research, it is well noting that in the year 2018, You tube and Spotify had the worst pay out paying an artist $0.0038 per stream and $0.0006 per stream respectively with some of the artists having to share the income with their team leaving them with pennies. In the wake of the digitalization of our world and musicians getting poorly paid David Walters, a victim of the catastrophe, founded Imusify, an online platform that gives every artiste the right to earn well while allowing users the access of streaming.
About Imusify
Imusify produces a decentralized system coupled with smart economy system of blockchain that allows users to actively participate in the movement of the music industry. The mission of Imusify is to provide an open platform for development of the music industry creating an ecosystem that allows for interaction between artists, fans and other stakeholders, enhancing music distribution, participation and consumption which truly gives the power of controlling the music industry and gives artists the right to higher income.
Imusify decentralized solution
The presence of a centralized system is one of the major reasons artists gets low income, the central systems are inefficient as they focus their attention on making profits for their company rather than working for the best interest of the artist they represent. They create conditions unfavourable to the artist receiving large profits and negotiating for the minimum payout with an artist. The centralized system creates problems such as; digital rights management, registering of ownership and security of rights, payment transparency, sizing down of their payment due to royalty rates incurred upon registration of rights leading to inability to monitor their pay. There is a greater shift in technology and it comes in the form of the block chain technology. The blockchain technology has provided solutions through application of business patterns creating a highly organized digital rights management system that reduces the royalty rates payments and gives the artist an insight on what means and how much they are getting paid as regards their piece of production.
Awards-winning prototype
Imusify in recent times has been honored and has shown signs of growth by winning an award for second place in the inaugural city of Zion dApp competition. This made the prototype to have been deployed ever since then and made available to the public at the Website with the user base growing and exceeding 800 users as of recent report. Imusify truly provides a future for the music industry.
Token Information
- Token name: IMU
- Platform token: Neo
- Type token: NEP-5
- ICO sales price : 1 IMU = 0.044 USD
- Accepted payment methods : neo,BTC,ETH,LTC,XMR,BCH and Dash
- Allocated to ICO : 65%
- Token to be sold : 65,000,000
- Soft cap : 1.000.000 USD
- Hard cap: 25,000,000 USD
For more information, visit IMUSIFY's websites below:
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Author Details
Bitcointalkusername: invbeejay
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- Neo wallet: Aa4yZd22qHKkNnZrntANkUvKwy5aF9HUJB