Inmusik Platform - Bringing the Music Industry On The blockchain

cryptoblock01 (25)in #blockchain • 6 years ago

INTRODUCTION

Music has been evolving since mankind started living on this planet, and is continuously evolving since then and as of today, InMusik platform will bring the music into it's next level of evolution, by inducing the blockchain technology into the music industry.

Inmusik is a platform that supports the music industry in terms of streaming and social interaction based on blockchain technology. The platform provides remuneration in the form of a crypto currency, as well as a financial basis for creating future applications in the music industry. The platform is built to provide awards equally to listeners and content creators, based on their useful actions within the ecosystem.

The music industry, decentralized Cryptocurrency from Inmusik ($OUND Token) is the first of its kind in the creative industry, allowing anyone who contributes to the success of the platform to be rewarded based on measurable values. The system is designed to mathematically recognize contributions and automatically pay users, all of them are based on a stable and sustainable business model.

InMusik platform offers equally distributed earning opportunities through rewards to everyone. That means, including listeners, musicians and the performers.

USE OF INMUSIK FOR MUSICIANS
• Direct payout to all the copyright owners and the bandmates.
• Relate with a fan base and laos increase it while making money via shows.
• Access a transparent and generous payout from community votes and streams.

USE OF INMUSIK FOR LISTENERS
• Foster the success of their chosen musicians and be rewarded with a share of their earnings.
• Ability to earn via curating sound artist, quality music and from verifying votes.
• Ability to access a huge library of music library contents that are licensed from a solo artist as well as known labels.

USE OF INMUSIK FOR LABELS
• Labels will be able to increase the accuracy of all digital rights management which will be powered by blockchain.
• Correct and transparent data on all music engagements.
• Bring down all legal and administrative expenses.

ADVANTAGES

REWARDS SYSTEM AND INCENTIVIZATION
Fans are rewarded for simply being active and listening to cool musics that you love! Finding great new music and helping it surface pays your great efforts. Voting helps great music bring their name too into the public
FINANCIAL TRACKING
With 3rd generation distributed ledger and smart contracts, every cent of revenue can be easily automated and transparent.
FASTER LIQUIDITY
Faster pay-outs, meaning earned currencies can instantly be withdrawn within your fingertips.
FAIR PAY-OUT OPPORTUNITIES FOR THE ARTISTS
With the complete decentralization way of the blockchain, Artists earn more because the way and procedure is fair and transparent way and connect directly with fans. Designed for signed and independent artists.

TOKEN DETAILS

Token Name - Sound Coin
Token Symbol - SOUND
Token Type - Ethereum ERC20
Hard Cap - 400,000,000
Token Price - 1 ETH = 10,000 $OUND
Payments Accepted - USD, EUR, INR, BTC, ETH