Inmuski-Global Music Economic on Blockchain

ololatide (11)in #cyptocurrency • 6 years ago

Introducing you to Inmusik an ecosystem based on a blockchain database that supports the music industry, streaming, and social interaction, with cryptocurrency rewards and a financial framework on which future music industry applications can be built.

The platform is for music streaming and social media which includes community curation, verification and transparent payouts to both content owners and contributing listeners/fans. To enable a fair market economy for an industry built on all types of music assets requires a system capable of easily accounting every users’ contribution. Inmusik’s Token is the first cryptocurrency that attempts to accurately and transparently enable an industry to thrive in this new digital age, while rewarding its users for their subjective contributions to the ecosystem and enabling a host of applications not yet imagined.

There are four fundamental principles which have been used in the design of Inmusik to serve as checkpoints to which all concepts and ideas must adhere. They are:

All people who actively contribute to the success of a venture should be rewarded in direct proportion to the measurable value of their contribution.
All people who create artistic content should be rewarded in direct proportion to the measurable value that content provides those who consume it.
All people who give their time in helping high quality content find an audience should be rewarded in direct proportion to the earnings of the content creators.
The cryptocurrency platform should be built on a real, viable and scalable business model.

The Inmusik cryptocurrency serves the music industry by:

Being a fair and transparent system that enables the business of music to take place. 2. Being governed by the community so that the system is defined by those it provides value to.
Allows other 3rd parties to utilize the currency, platform and system to create new and more efficient solutions for problems not yet imagined.
Supporting the creative arts to ensure the creation of music thrives.
Increasing the music industry’s economy by opening up business in new and unrestricted ways.

The Inmusik platform serves its fan/listener members by:
Enabling fans to receive rewards for verifying ownership and the performers of newly added music.
Enabling fans to receive rewards for curating new music (through their enjoyment of the platform) and directly control which content deserves attention from the community.
Allowing fans to consume music for free with consistent contributions to the community.
Receive a percentage of earnings by helping artists reach success milestones. Inmusik

While also serving artists, labels and other industry professionals:
Enabling a streaming service which increases payouts to owners of copyrighted music content.
Making it possible for any artist, musician or songwriter to receive fair and transparent payouts which are in direct proportion to their impact within the community.
Helping artists find and build an active fan base.
Generate revenue through ticketing and the sales of merchandise.
Gives the industry a single currency to allow distribution of payouts which automatically includes all creatives and professionals in the value chain.
Using a stable cryptocurrency locked to the U.S Dollar.

Rewards available to users based on their measurable contributions to the Inmusik Community.