UNIQUENESS OF CYFM AND MFTU ECOSYSTEM
Music adds meaning to life. Ever wondered what would have happened if there is nothing like music in the world or music is banned. From a little study; most people said No music, No Life. Some said music is their best companion etc. The reason behind this is; music is seen as a therapy, music relieves stress, music is like food to the mind, it means a lot in this world. (https://www.quora.com/What-is-life-without-music)
Since it is true that music means a lot in the world today, that is to say, musicians, artists, performers need to be encouraged to do more. It's only when someone has been properly rewarded will he be able to sing, perform etc. To make it more interesting, to access music today isn't difficult either, just a smartphone and the Internet and you're good to go.
Since artists or musicians are the main "component" in the music industry, there is great need to reward them duly; and in order to ensure these most countries in the world invented a payment method known as Royalty Payment Method. This royalty payment method is properly regulated by the government to make sure artists and musicians are rewarded for their performance.
Most online radio networks had to monetize their valuable content either with membership perks, subscription systems so as to offset the fees enforced by law.
In a bid to make this royalty payment available worldwide so as to accommodate more artists and musicians led a team of brilliant minds into creating a music ecosystem based on blockchain technology known as CyberFM and Mainstream For The Underground (MFTU). As blockchain technology is synonymous to cryptocurrencies, this music ecosystem will have dual tokens; CYFM (from CyberFM) and MFTU (from Mainstream For The Underground).
UNIQUENESS OF CYFM AND MFTU ECOSYSTEM
- Both are as a result of an open-source royalty payment method. This royalty payment method is online, the information available is peer-reviewed and made worldwide via blockchain technology.
- CYFM token is regulatory compliant and meant for artists within a local representation while MFTU is used globally to protect the right and payments of Independent Artists of Performance Rights Organization. MFTU is also legally compliant, digital and fair.
- Both tokens are ERC-20 utility token registered on Ethereum blockchain.
- Both tokens are used for universal payment system thus making it possible to collect royalties for artists performances anywhere in the world.
- Both tokens can be used to compliment payments occurring in fiat either for online radio memberships etc.
- Both tokens represent a universal currency used for compensating artists and musicians anywhere in the world regardless of their membership to Performance Rights Organization. But in order to have full access to additional rewards, income etc, these artists need to be members of the platform.
- Both tokens can be used as a broadcast currency within the ecosystem for fans and users. These individuals can use MFTU to purchase a premium membership for on-demand download etc.
- No ICO is scheduled for these tokens.
- Smart contracts made for these tokens come from the best in the industry. The smart contracts library comes from OpenZeppelin while it's audited by Quantstamp.
FOR MORE INFORMATION ABOUT MFTU
Website;
MFTU: https://mftu.net/site/
CyberFM: https://cyber-fm.com
Telegram Group: https://t.me/joinchat/EgF1dkxE_N0efcR_ff5gYA
Twitter: https://twitter.com/mftu_currency
Facebook: https://www.facebook.com/cyberfm
ANN Thread:https://bitcointalk.org/index.php?topic=4511705.0
Whitepaper: https://mftu.net/site/whitepaper/
Author's Bitcointalk Username: Flezy
Author's Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2187485