Hello friends, this time I will provide information about a very interesting project for you to see, in a new cryptocurrency named Imusify. Before heading into the discussion I think we all agree that blockchain technology still requires efforts that encourage adoption to continue to grow and continue to grow in the future.
What is Imusify?
Imusify is an award-winning music platform that creates a global music industry for free music players, music lovers and music entrepreneurs. The imusify standalone publishing platform creates an intellectual economy of music, regardless of whether it means imusify, which can also finance music projects, and record music. This creates an effective system for artists and content creators to communicate and collaborate, while still maintaining direct ownership of their work.
Until now, the music industry has not done the best to create a structure that will collect and distribute funds belonging to content creators and legal content. Many of these systems were created many years ago and have not been significantly improved. This makes it possible to create a monopoly that benefits all content creators with the exception of the copyright holder. Only a portion of the money is collected and only a very small percentage is paid to the creator. Thus, from this system, more harm than good. In my opinion, the world needs other solutions to these problems, a strategic approach is needed to ensure that those who truly deserve money receive it.
Here is their video:
Main challenges:
The iMusify platform offers a solution to today's problems: it brings together best practices of streaming, multimedia sharing, crowdfunding and social networking to create an ecosystem where artists, fans and music professionals can interact with each other in a decentralized market. Base technology allows you to track content flow, and smart contracts guarantee a fair and immediate distribution of payments. Content is checked automatically to determine ownership, and digital identity tracking is used to prevent fraud.
The challenges faced by artists in the music industry are very high. The main problem is that artists have to wait more time to get paid for their creations. One million streams on Spotify generate an average income of less than $ 5,000 in 2017, and artists have to wait up to 24 months to get paid. Service flow is growing, but the business industry as a whole has not been able to receive it. Rapid access and the nature of global services cause problems with digital rights management, transparency of payments, and monetization of content. As a result, most artists / musicians do not receive adequate compensation, despite the fact that their music is preferred by people than before.
The iMusify project is one of the pioneers of the decentralization movement in the music industry. Other music projects with the blockchain also show leadership in eliminating certain deficiencies associated with recording events and managing copyrights, as well as streaming services. Many use cases have been presented, offering to resolve existing problems.
The iMusify platform is based on the NEO blockchain. The reasons for this choice of architecture are explained briefly below.
Blockchain technology. The NEO Blockchain allows you to automatically control the content flow and implementation of IMU transactions, platform currencies through smart contracts.
Smart Contract. Smart contracts are protocols that facilitate reliable transactions between users without the need for third parties or intermediaries. iMusify uses smart contract NEOs to create a platform that is safe, affordable and uncensored.
The total supply of IMU tokens is 1,000,000,000 and will be used in an effort to maintain the long-term value of the iMusify platform and network, taking into account the main economic factors that can affect the profitability of service tokens. The token distribution is as follows:
Imusify Tokens (IMU) is used as a machine to support the decentralization of multi-level music economy imusification. This will create tremendous potential value for the use of IMU tokens during imusify penetration into the industry. Thanks to the intellectual system of remuneration and compensation, Imusify ϑ IMU will be rewarded for its contribution to the platform, or used as a currency for the exchange of digital assets and services. The IMU Token will be highly valued and popular. Using IMU tokens, you will get the best exchange rates and receive special offers. Because Imusify grows very fast, tokens will be in great demand.
65% of tokens will be reserved for sale, and the team will receive 8% of tokens. The cost of each token is 0.05 dollars. You can already subscribe to a WhiteList by connecting to the project website https://tokensale.imusify.com/
Conclusion:
I can say that the idea of a decentralized streaming platform is indeed innovative, and the idea of using the NEO blockchain is the choice that will give the best results in the future.
To get more relevant details from Imusify the project or join social media and sales crowds, please follow some sources for the following references:
Website: https://imusify.com/
White Paper: https://imusify.com/whitepaper.pdf
Facebook: https://www.facebook.com/imusify/
Twitter: https://twitter.com/imusify
Telegram: https://t.me/imusifycommunity
Average: https://medium.com/imusify
Instagram: https://www.instagram.com/imusify/
BitcoinTalk (ANN): https://bitcointalk.org/index.php?topic=4327428.0
AUTHOR:
USERNAME Profile BTT:Damkar58
Neo Address: APFvicZbxwFxLaHMW2AUdEuwXh1GGH4m2L
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