CYBERFM AND MFTU: REVOLUTIONIZING THE MUSIC INDUSTRY

INTRODUCTION

The benefits associated with blockchain technology can't be overemphasized. Blockchain technology can be implemented in any system or platform, all that is required is the right team and proper understanding.
A proper understanding of blockchain technology has helped many developers to create outstanding projects which are transparent, trustworthy and reliable thus giving Individuals or users the opportunity to bring their talents to the limelight, one of such project is MFTU (Mainstream For The Underground) and CYBERFM. The two represent different tokens within the same ecosystem. This is a project created by brilliant minds so as to add more beauty to music, the way it's promoted etc.
The team behind this project understood the significance of music broadcasting in the world today, which is being promoted and made easy by mobile devices and the internet.
Music most times can be seen as the food of the soul, as it can turn a sad mood into a happy one etc, owing to its importance and the need to encourage artist into creating more good music most countries implemented royalty payment method which is duly regulated thus ensuring Musicians and Artists are rewarded for their efforts. This, in the long run, led radio networks into monetizing valuable contents so as to offset the fees enforced by the government. The monetization can come in membership perks, subscription systems etc.

WHAT CYBERFM AND MFTU AIMS TO ACHIEVE

As earlier mentioned, CyberFM and MFTU represents different tokens but used within the same ecosystem to promote music, musicians and artists. With CyberFM, upcoming artists will be able to get the same reach as mainstream artists. This is made possible through CyberFM algorithm which plays the songs by these new artists alongside the same genre with mainstream artists.
In addition, in order to get a wide view as well as the needed audience, MFTU comes to play, how? The MFTU system places users in front of CyberFM Radio fans who are following on their social media accounts. Furthermore, MFTU also notifies users or artist's fans and followers whenever a new song has been released.
Blockchain comes to play as it ensures the ecosystem is decentralized and also enables the creation of the associated tokens which can be used by anyone, in the long run leading to an ecosystem which is;
a. Truly digital and fair,
b. Legally compliant,
c. Cryptocurrency enabled.
Through this, A Distributed Ledger Performance Right Organization is created where artist rights will be protected and payments can be carried out by members anywhere in the world with no restrictions whatsoever.
Furthermore, CyberFM airtime was also implemented so as to incentivize MTFU artists. While the wide audience is assured for free for becoming an MFTU artist.
MFTU treats all artists as if they are already on the radio, be it an independent artist, a new artist or upcoming artist. To be an MFTU artist requires the following steps;

Subscribe: This will ensure artist are subscribed to the newsletter thus being informed about all the latest happenings.
Submit: The artist submits the required form comprising of Artist Airtime Application etc, and waits for a response
Tune in: Through this, artists will be ushered into CyberFM and it's family where they will be properly informed on how music reaches the listeners etc.
Stay in touch: The artists will be able to know the latest happenings in the music industry through the CyberFM social media accounts.

TOKEN INFORMATION AND ITS UNIQUENESS

The ecosystem comprises two tokens which are both ERC20 utility token built on Ethereum blockchain, namely;

CYFM token which stands for CyberFM: It is a regulatory compliant cryptocurrency used by artists within a local setting. An example is SOCAN which is in Canada.
MTFU token which stands for Mainstream For The Underground: MFTU is used worldwide unlike the CYFM. MFTU is the world's first digital, transparent, fair and legal cryptocurrency used for "Performance Rights Organization and Reward System For Independent Artists".

MTFU main objective is to protect the rights and payments of artist around the world.
Uses:
Both CYFM and MFTU can be used to create global payment system which makes it possible for royalties to be collected for performance as at when due in anywhere in the world, in addition, both can also be used to carry out fiat payments either for online radio membership, registration fees etc.
The total supply will be 100 billion for CYFM and 1.4 billion for MFTU. More information can be obtained from the Telegram Group.

CONCLUSION

The team behind CyberFM and MFTU aim to create an ecosystem which will be made up of these tokens thus representing a global currency which will be used to reward artist anywhere in the world regardless of their Individual membership or Performance Rights Organization. While additional rewards, income and perks will be for full members of the ecosystem.
Furthermore, these tokens can also be used within the ecosystem by listeners etc as a broadcast currency; that is, they can be used for commercial free streams etc.
For more convenience and to enjoy music the more, CyberFM mobile app can be downloaded from Playstore or App Store.

TEAM