Fluxorin Platform - Music's next step of Evolution!

in #blockchain6 years ago

Music has become part of our daily lives. A much larger part of the population pie loves music and can not let a day pass without listening or even creating one! Music was evolving ever since it was loved so many and this time, the next evolution will be the Blockchain Evolution.

Decentralized Music Streaming Platform On The Blockchain Network
A decentralized system for the publication and consumption of music, combining a cutting-edge crypto currency provided with a very important mission of unlocking the potential of human creativity (artists) to inspire and be enjoyed by billions of Fans.

The music industry as we know it today was formed in the first half of 20th century with the advent of the music recording technology. At the time it was a very arduous and expensive process. And the product was a recorded copy of the music performance. Most of the risks at that time were shouldered by the record labels and publishers which is reflected in the current laws. The current system is riddled with legacy approach, and over the years has become a tangled mess, with authors and performers complaining about the "lack of transparency". The revenues streams generated by companies like Pandora, Spotify, Deezer, Apple, YouTube grow year by year up 39% in 2015 from the
previous year.

MUSIC industry PROBLEMS;

The real growth in emerging technologies began in 1998 with the evolution of the MP3 player. This allowed for a new type of audio-compression that was at the time, a revolutionary means for listening to music. What the creators of MP3 files and music industry experts didn’t know was that this technology that they thought would help them would actually hurt them in the long run. By developing a type of music file that is so compressed it takes up less space yet maintains the integrity of the audio quality, music personnel predicted that this technology would make it much easier to distribute and enjoy music across many outlets (computers, iPods, MP3 players, etc.). But this creation actually led to the development of the infamous online file sharing sites suc h as Napster and KaZaa, inspiring the birth of peer-to-peer (P2P) transfers of music free of charge. From the introduction of these file-sharing sites, pirated music (or music
downloaded illegally) skyrocketed. In attempts to combat this music “stealing”, this inadvertently led to the development of online music stores such as iTunes in 2000 (Gopal, Lertwachara, Marsden & Telang, 2007). Because of these rising te chnologies, not only are record labels looking at new means of music distribution, but artists are also looking at innovative and original ways to market themselves online. Before all this though, it is important to look into how the digital world has made a splash in the lives of musicians and labels in terms of P2P file sharing. The main concern is not “how we play the music, but where it comes from and what we do with it.” (What’s the Controversy, whatsthedownload.com). According to Jeffery Valisno of Business World, many believe that, “online music has led to illegal sharing of music files to the detriment of the industry” (Valisno, 2009).

What is The Flux Token?

The Flux Token is an attempt to harness the blockchain technology to solve the problem of artist royalties and payments by providing transparency to the complicated chain of rights ownership and usage in the digital distribution of music, as well as offering a new model of the music creation process via the Decentralized Autonomous Labels.

Fluxorin as a decentralized platform has a lot to offer in revolutionizing the music industry as a whole.

These include:

Transparency
Use of DLA which helps in distribution
Low operational cost
Proper allocation of royalties
Use of P2P file sharing and delivery networks
Employing the sharism model

TOKEN METRICS;

INITIAL COIN OFFERING
FLUXORIN is raising funds for its technical development, community engagement and
participant outreach through the sale of The Flux Token. The Flux Token is the key element of
the FLUXORIN network with which the labels, the artists, band member and every other entity
involved in creative process will be rewarded which may be exchanged with other altcoin or for
fiat at the exchanges. The listeners will be able to purchase music with VBT as well as buy
ticket to musical concerts or shows or tours on the VERBERDIN network getting it from the
exchanges or local vendor (holders).
Token Name: The Flux Token
Token Sym: Flux
The VBT will be issued on the ethereum platform in accordance with the ERC20 model.
Total Supply: 702,000,000
Platform: ERC-20
Compatible wallets: All wallet supporting ether, they include: jaxx, myetherwallet.com and
ERC-20 compliant
Token Type: Utility Token
Total Available for Sale: 372,000,000

*All unsold tokens will be burned
*25% of the coins earn from company services will be destroyed.

  • Tokens will be distributed 48hrs after the Main sale
    *Contributions can be made from an Exchange Wallet
    *Endeavour to put your ERC-20 wallet address where required

To know about the Fluxorin Platform,
You can visit the following;

Website - https://www.fluxorin.io/
Whitepaper - https://www.fluxorin.io/wp-content/uploads/2018/05/FLUXORIN.pdf
Facebook - https://web.facebook.com/fluxorin.io/
Twitter - https://twitter.com/fluxorin_io
Telegram - https://t.me/FluxorinICO
Reddit - https://www.reddit.com/user/FLUXORIN
ANN Thread - https://bitcointalk.org/index.php?topic=4361686.0

Written by;

Bitcointalk Profile - i7claufe
Bitcointalk Profile URL - https://bitcointalk.org/index.php?action=profile;u=1719874
ETH Address - 0xc38a4feFC0D2B94686F4E512952e8FB985FeA1B0

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 70135.32
ETH 3789.12
USDT 1.00
SBD 3.77