Hallo Friends, If you're interested in joining the INmusic project, it's good to read reviews that can help you get information that might help you in viewing their mission vision during the INmusic project:
Here's the review !!
What is Inmusic?
Inmusik is an new kind of music streaming platform that aims to increase the entire economy of the music industry by incorporating game theory and blockchain. Our ecosystem enables participating fans to earn rewards by placing Token votes on content they believe will succeed over time and in turn, share in all future earnings. This approach introduces a new revenue stream for recorded music, something artists, labels and fans very much welcome.
What is $ OUND Coin?
$ OUND (pronounced as sound) Coin is a smart Token contract that is built on Ethereum (ERC20) benchmarks. This is an integral part of the community because it provides a mechanism for voice tokens, automatic trusted income payments, other financial transactions and can be used by other third party applications. . Our smart contract enables the music industry to implement a new form of Digital Rights Management (DRM) on blockchain which means decentralized, transparent and enduring ensuring automatic trust in the system
Why is Music using a Dual Token system?
Due to the expansive nature of the speculative market, Inmusik has developed a stable currency that ensures artists and curators receive their respective payments. Also, putting billions of streams on blockchain requires different technologies for the main OO $ Inmusic Tokens. The double token system solves these two challenges.
What Inmusik Enables
• REWARDS AND INCENTIVES
Fans are rewarded for simply interacting. Finding great new music and helping it surface pays.
• FAIR PAYOUT FOR ARTISTS
Artists earn more in a fair and transparent way and connect directly with fans. Designed for signed and independent artists
• FINANCIAL TRACKING
With 3rd generation distributed ledger and smart contracts, every cent of revenue can be easily automated and transparent.
• FASTER LIQUIDITY
With no wait time, payouts are instantly available to whoever is earning within the community.
What is the purpose of the Bounty Campaign?
The purpose of the Bounty Campaign is only to recognize our users' contribution to our platform. The Music Platform is designed to be the first platform to reward listeners and content creators, in the same size, based on the value they provide to the community.
Ways to contribute
This section outlines the ideas behind Inmusik and the kind of rewards available to usersbased on their measurable contributions to the Inmusik Community.
• Dual Token system
The Inmusik network has two different assets: Inmusik Tokens (Sound Coin) and Inmusik Cash (IC). Each carries their own advantage and function to enable the Inmusik community to work as a scalable, just and growing ecosystem.
• Inmusik Tokens (Sound Coin)
Sound Coin is the fundamental Token on which the Inmusik blockchain is based and which Inmusik Cash (IC)’s value is derived from. This cryptocurrency can be bought or sold as well as being used as a form of payment. Users can also purchase tokens directly on Inmusik from their verified account.
• Inmusik Cash (IC)
Due to the volatility of the speculative market, Sound Coin’s value will change daily making it too unpredictable for artists to receive payments for streams or for curator’s pay outs. Because stability is important in any successful economy, it was important to innovate a solution that
would work long-term. IC solves this problem as it was designed to be a stable currency, pegged to the USD. One token is equal to $0.01- (1¢) and it always will.
It is the Token paid out to fans as rewards and to artists/labels for streams/rewards.
• Wallet
For any venture to succeed long-term, it needs long-term investors. Therefore, we’ve created a unique wallet which works with some similarities to bank accounts. Wallet A (simply known as ‘Wallet’) works like any normal wallet, funds can be transferred at will whenever the user chooses. Wallet B (Known as ‘Stash’), however, is special in that it works like a high yield saving account, but is more flexible with other added benefits.
Economic Model
The Inmusik Platform
The Inmusik platform is fully designed and is in development. The platform is not only deep, it’s engaging and entertaining. But this is only the beginning. Here are some applications we believe can make use of the technology framework we have created:
Future applications
- Tracking of Radio plays and manage payouts
- Tracking of TV/Movie plays and mange payouts
- Using AI to understand emotional connection users have with music
- Live music streaming of home concerts and arena concerts
- Music recording software leased/rented on demand based on usage time and exports
- Live ticketing solutions
- Ticketing security solutions
- Profit sharing on live events
- Merchandise printed on demand with simpler logistics
- Music education online
- Online mixing, production and mastering services
- Online music collaboration
- Copyright protection and usage tracking
- Review platform for artists/writers
- Blogging platform for industry professionals, producers, mixers etc.
- Virtual recording sessions
- Band matching by calculating fan overlaps for festival bookings
- Location services for festivals
- Crowd funding for artists
- A range of music creation services
- A range of music financial services
Distribution and Supply
Sound Coin, being the primary token, can be exchanged for currency (dollars, euros), in jurisdictions where such exchange is legal, or other crypto-currency (e.g., Bitcoin, Ethereum) after the initial ICO. The projected value is expected to be about $0.10 USD per Sound Coin.
Distribution of funds
ROADMAP
How? Are you interested in joining the INmusic Project?
For more information visit the site below:
WEBSITE : https://inmusik.co/
WHITEPAPER : https://inmusik.co/wp-content/uploads/2018/05/inmusik-wp-v1.1.pdf
TELEGRAM : https://t.me/inmusik
FACEBOOK : https://www.facebook.com/WohooInMusik/
TWITTER : https://twitter.com/InmusikOfficial
LINKEDIN : https://www.linkedin.com/company/inmusik/
Author: Sixa
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2225617
ETH Address: 0x0925bF518cfc72B18eDc703251827FBEb0611649