Imusify - music platform on blockchain technology
What is Imusify?
Imusify is an award-winning music platform that invents the global music industry for free music performers, music lovers and music entrepreneurs. The imusify self-publishing platform creates the intellectual economy of music, regardless of whether it means imusify, which also can finance a music project, as well as record music. It creates an effective system for artists and content creators to communicate and collaborate, while retaining direct ownership of their work.
Until now, the music industry has not done its utmost to create structures that would collect and distribute funds belonging to creators and legal content holders. Many of these systems were created many years ago and have not been significantly upgraded. This made it possible to create monopolies that have benefited all content creators with the exception of copyright holders. Only a portion of the money is collected and only a very small percentage is paid to the creators. Thus, from these systems, more harm than good. In my opinion, the world needs a different solution to these problems, a strategic approach is needed to make sure that those who actually deserve money receive them.
Main challenges
The iMusify platform offers a solution to current problems: it brings together the best practices of streaming, multimedia sharing, crowdfunding and social networking to create an ecosystem in which artists, fans and music professionals can interact with each other on a decentralized market. Base technology allows you to track content flow, and smart contracts guarantee fair and immediate distribution of payments. Content is automatically checked to determine ownership, and digital identity tracking is used to prevent fraud.
The challenges facing artists in the music industry are high. The main problems are that artists have to wait more time to get paid for their creations. One million streams on Spotify yielded an average income of less than 5,000 dollars in 2017, and artists had to wait up to 24 months to get paid. Flow services are growing, but the business industry as a whole has not been able to accept. The fast access and global nature of services caused problems with digital rights management, payment transparency and content monetization. As a result, most artists / musicians do not receive sufficient compensation, despite the fact that their music is liked more by people than ever.
The iMusify project is one of the pioneers of the decentralization movement in the music industry. Other music projects with the blockchain also demonstrate leadership in eliminating certain shortcomings associated with recording events and managing copyright and streaming services. Many use cases have been presented, offering to solve existing problems.
The iMusify platform is based on the NEO blockchain. The reasons for this architectural choice are briefly explained below.
Blockchain technology. The NEO Blockchain allows you to automatically control the flow of content and the execution of IMU transactions, platform currencies through a smart contract.
Smart Contract. Intelligent contracts are protocols that facilitate reliable transactions between users without the need for a third party or intermediary. iMusify uses the smart contract NEO to create a secure, affordable and uncensored platform.
The total supply of IMU tokens is 1,000,000,000 and will be deployed in an attempt to preserve the long-term value of the iMusify platform and network, taking into account the main economic factors that may affect the profitability of service tokens. The distribution of tokens is as follows:
Токены Imusify (IMU) используются в качестве движка для поддержки многоуровневой, децентрализованной музыкальной экономики imusify. Это создаст огромную потенциальную ценность для использования токена IMU во время проникновения imusify в отрасль. Благодаря интеллектуальной системе вознаграждений и компенсаций Imusify ϑ IMU либо получает вознаграждение за вклад в платформу, либо используется в качестве валюты для обмена цифровыми активами и услугами. IMU Token станет высоко ценимым и популярным. Используя жетоны IMU, вы получите лучший обменный курс и получите специальные предложения. Поскольку Imusify растет очень быстро, токены будут пользоваться большим спросом.
65% of tokens will be reserved for sale, and the team will receive 8% of tokens. The cost of each token is 0.05 dollars. You can already subscribe to WhiteList by connecting to the project website https://tokensale.imusify.com/ .
Imusify team
In conclusion, I can say that the idea of a decentralized streaming platform is certainly innovative, and the idea of using the blockchain NEO is a choice that will pay off!
For more information, please visit the link below:
Website: https://imusify.com/
White Paper: https://imusify.com/whitepaper.pdf
Facebook: https://www.facebook.com/imusify/
Twitter: https://twitter.com/imusify
Telegram: https://t.me/imusifycommunity
Average: https://medium.com/imusify
Instagram: https://www.instagram.com/imusify/
By Bitcointalk : https://bitcointalk.org/index.php?action=profile;u=2552437
ETH : 0x9aBc8b8a8AAA9d4Bb4c1E797e1Ed2Edf39A7124e