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     5 years ago 

    I don't see it that way. It only needs to be endorsed by the "influential" steemians.

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       5 years ago (edited)

      Maybe... But sometimes the risk is that they endorse it and just leave because they arent "In-charge".
      Give it a shot, maybe it would work.
      I know that i wouldnt dare it without some big names supporting it.. :D hehe

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         5 years ago (edited)

        Yeah, in any case the first use of this token would as an utility smart contract:

        We are implementing a tokenized music distribution and promotion economy: the music will be distributed FROM the blockchain to the legacy music streaming and download outlets. For every piece of music distributed a smart contract will be issued resolving the issues of royalty allocation & collection, synchronization, licensing permissions, payments and every painful aspect of artist contract creation, submission signing etc.
        Also, all actions (yes, like listening to our artists' music, leaving valuable promo feedback, playing the music on your podcasts/radio shows, promoting the music via social networks, etc) will be rewarded with crypto that you can stack or cash out.
        In other words, you will get paid to listen to the music, for leaving valuable and meaningful feedback, for helping the labels promote the music by including it on your mixes and podcasts, and a plethora of many other nice things.
        It'll be run on the best blockchain there is for any kind of applications: the STEEM blockchain, using the newly created MUSIC TOKEN.

        That's the idea behind this token. The tribe may come later, or as an addendum to it.

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