MUZIKA - Transforming the Music World through Blockchain.

kingcobrabro (25)in #blockchain • 6 years ago

Music is one of the main entertainment for many of us. That’s why it’s one of the biggest entertainment industry. Most often than not music artists are not getting for they deserve, according to some studies only between ten to twelve percent are getting paid to the music artist, most of the payment will go to the cost of platforms, producers and distributors of an album or a song. With the modern technology we can listen to the new song via streaming, yet music artist from nineties are getting more revenue compare today. Artist is getting paid more before when we are buying compact disk disc than streaming it online. On recent studies from 2005 to 2015 music industry drops five billion dollars’ worth of revenues despite more user listening revenues are getting smaller. We had more convenient buying songs today than before but as a consequence music artist will get fewer revenues than before. Perhaps the main reason for declining sales is piracy, we can download and copy songs easier now compare than before.
Now we know the issues of our music artist I saw a network that will help our musicians, introducing Muzika “transforming the music world through blockchain closing the Gap between Music Artists and fans”. Muzika aims to lessen or remove profits from distributor, producers, and platform that will make music artist to gain more profits. Muzika is a free to use platform for music artist, “free” means no commissions or profit will be deducted from musicians that’s why musicians will get 90% of the profit using Muzika. Unlike other ICO’s they will start with proven service just they will improve it the platform behind Muzika is Mapiacompany Inc. the biggest and first online piano music platform in South Korea with more than two million users. It’s a good start since forty percent of South Korean’s are music streaming subscriber, highest among all nation.

What makes us different?

The previous music blockchain project has ignored the importance of a large user base to achieve wide-scale adoption. These projects have shown that it is possible to give artists a higher level of commission for their work using Smart Contract transactions. However, for artists, the low commission rates offered from traditional music streaming applications that have a large user base are more attractive than blockchain applications using Smart Contract transactions. For example, a 10% commission of $ 1,000 from iTunes is preferable to a 90% commission of $ 1 from a Smart Contract transaction.

WE ARE NOT STARTING FROM SCRATCH

Muzika is built on 2 million active users
Unlike hundreds of ICOs without proof of practicality, Muzika is not starting from scratch. The token economy is strongly built on the backs of our existing, profit-generating, and privately & publicly funded business with 2,000,000 active users & subscribers from 150+ nations and artists from 30+ nations.

Through years of experience, we have learned the precise ways to build a community run by loyal and incentivized individuals: a key to success of any community-based blockchain projects.

What makes us different?

WE ARE NOT STARTING FROM SCRATCH

Through years of experience, we have learned the precise ways to build a community run by loyal and incentivized individuals: a key to success of any community-based blockchain projects.

                                                                                        THE MUZIKA ECOSYSTEM

All tools available on the platform will serve as the current existing intermediaries in the face of distributors and publishers and fairly distribute compensation for high-quality music content.

MZK token distribution procedure

The main currency for exchange on the platform, including trade and investment, will be the MZK internal token — the ERC-20 standard token based on the Ethereum blockchain.
It will also serve as a means to build an autonomous ecosystem, means to buy goods and services and for many other functions.

✅ Token: MZK
✅ Standard: ERC20
✅ Main sales: 205,000,000 MZK
✅ Total will be released: 1,000,000,000 MZK
✅ Hardcap: 20,000 ETH

                                                                               TOKEN METRICS

Team

More information about the team can be found on the project site https://www.muzika.network/

Project conclusion: It's no secret that there is a lot of money in the music industry, so there are numerous problems that prevent musicians from receiving adequate remuneration for their work. But with the advent of such a platform as Muzika, this problem may disappear, since this ecosystem provides fair rewards through the use of blockchain technology and smart contracts. Considering the fact that the guys from the team have been working together for a long time and already have a working product with a large audience around the world, everything should work out for them.

Main project links

Official website: https://www.muzika.network/
Telegram channel: https://t.me/muzika_english
Twitter: https://twitter.com/muzika_official
Facebook: https://www.facebook.com/muzikanews/
Whitepaper: https://www.muzika.network/assets/mzk-whitepaper-en.pdf
Reddit: https://www.reddit.com/r/muzikaofficial
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