INMUSIK - Global Music Industry on Blockchain

Inmusik is an ecosystem based on a blockchain database that supports the music industry, streaming, and social interaction, with cryptocurrency rewards and a financial framework on which future music industry applications can be built. The Inmusik platform is fully designed and is in development. The platform is not only deep, it’s engaging and entertaining.

Inmusik platform is a fusion of concepts from music streaming and social media which includes community curation, verification and transparent payouts to both content owners and contributing listeners/fans. To enable a fair market economy for an industry built on all types of music assets requires a system capable of easily accounting every users’ contribution. Inmusik’s Token is the first cryptocurrency that attempts to accurately and transparently enable an industry to thrive in this new digital age, while rewarding its users for their subjective contributions to the ecosystem and enabling a host of applications not yet imagined.

FEATURES OF INMUSIK

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.

INMUSIK AND BLOCKCHAIN TECHNOLOGY

Provide an immutable ledger that offers permanent verification of every past transaction, building trust between everyone in the value chain.

Store all product lifecycle events forever in an easy-to-retrieve system.

Allow multiple apps simultaneously interact with any piece of information stored in blockchain.

Facilitate peer-to-peer financial transactions across the globe.

Influencer are used to allow for brand promotion and mediating effects of consumer attitudes. Since messages proclaimed by influencers are commonly regarded as being trustworthy, commercial music business can exploit the gains from a recent trend – that is how Inmusik intends to boost the sale. Inmusik will incorporate this function in voting option, providing its application users with an opportunity to rate songs and performers. Voting is considered to be more instrumental in raising artists awareness and for that matter users will be rewarded for the participation. To ensure the factuality of the information provided through a voting, each score received from the large stakeholders should gain a certain amount of votes from users with the low ratings.

BENEFITS OF THE INMUSIK PLATFORM

For Fans & Listeners

Earn with active engagement

The Inmusik streaming app rewards music lovers for their positive contribution to the community. Earn tokens for finding great new songs, voting to help the best music surface and for getting behind artists to help them succeed. Your love of music has never been so rewarding.

For Musicians & Artists

Transparent and Instant Payout

Receive much larger payouts due to the unique way Inmusik platform is structured. Earn big from streams, for posting content, attracting new fans and when fans bet on your success. All earnings are pegged to the US Dollar to ensure payouts are consistent and fair. Transparent, instant and every stream captured using a 3rd generation distributed ledger.

For Music Labels

Digital Rights & Payments Management

Inmusik is working with the biggest publishing companies in the world to create a better copyright management system for the entire industry, on blockchain. On top of that, we offer larger payouts for all content owners, real-time monitoring of earnings and automated distribution of payouts.

TOKEN AND ICO DETAILS

Built on top of the proven ERC20 Ethereum blockchain will be a powerful, modular tool set to build applications that can track all royalty payouts (mechanical, public performance, synchronization, and print music), automate payments to all creatives and professionals in the music value chain, offer more secure ticketing solutions, enable software licensing for music creation, record the transfer of assets, marketing/promotion management, and a host of other applications not yet imagined. ERC20 gives users complete freedom to create their own applications on the Inmusik platform.

The Sound Coin Token

Sound Coins are smart contract Tokens built on the ERC20 token standard. It is an integral part of the community as it provides a mechanism for financial transactions, conversion of rewards, and collaborations. Smart contracts enable us to facilitate a payment solution working flawlessly together with a decentralized trust and reputation system between parties via the blockchain. While our IC Token handles all peer-to-peer transactions where only the Inmusik system is responding to a user’s input, Sound Coin will be used for all manual transactions required in the business of music.

As a payment solution, the smart contract is the perfect tool to allow record labels to distribute and receive royalties, management fees, publishing fees, regional licensing and a long list of other payment types that are required in the business of music. Blockchain smart contracts are ideal for recording and facilitating the exchange of value, goods, services, and private data.

Putting music business data and transactions on blockchain smart contracts will increase the speed of service and save millions in reduced paperwork.

Blockchain based smart contracts provide accountability in a way no other technology can offer:

Token Details

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.