InMusik is one of the first platforms that aims to bring the music industry a big step further by inducing it onto the blockchain technology. Music has become part of the human's daily life since mankind can remember and blockchain is slowly aiming to become part of everyone's live as the next evolution of the currency system. Both these systems, the music and blockchain both aims to improve the human lives and make it more convenient and ready for the future.
One Feature InMusik Aims to bring into the industry is to be able to
Track Radio plays and managing payouts
This is a very convenient and a nice way for music creators, artists, individual singers, bands and etc in the msuic industry to earn their revenue in a much hassle free and decentralized way.
Music artists need the help of managers and 3rd party organizations to be able to get revenues and proceeds to their art or music but with the InMusik platform, this will generate more income for the music artists making it more lively and giving the artists their well deserved benefits.
InMusik platform offers equally distributed earning opportunities through rewards to everyone. That means, including listeners, musicians and the performers. $OUND Token is the first ever cryptocurrency of it's kind. The team behind the platform have put everything they got to bring out this completely new and the best kind of maxing out one's creativity in music while earning at the same time. The system is designed to mathematically recognize contributions and automatically pay users, all built on a viable and sustainable business model.
One feature that blockchain can integrate in the music industry is Using AI to understand emotional connection users have with music.
This will mean music will be more connected to users specially those who have feelings they can't take out. This would drastically decrease suicide and depressions. These things will not even be possible without the help of blockchain but with the technology we currently have today, these things can easily be integrated within the industry because blockchian's advantages and benefits will be used for the good not only of the crypto community but also with people not connected or people that does not even know about cryptocurrency.
The platform benefits everyone, not only musicians, so
For the Fans & Listeners:
Earn while engaging actively, listening to music and enjoying!
The Inmusik streaming app rewards music lovers for their positive contribution to the community. Earn tokens for finding great new songs, voting to help the best music surface and for getting behind artists to help them succeed. Your love of music has never been so rewarding.
While InMusik platform rewards listeners too,
The platform never forgets the Creator's great offer!
For Musicians and Artists:
Transparent and Earn Instantly!
Receive much larger payouts due to the unique way Inmusik platform is structured. Earn big from streams, for posting content, attracting new fans and when fans bet on your success. All earnings are pegged to the US Dollar to ensure payouts are consistent and fair. Transparent, instant and every stream captured using a 3rd generation distributed ledger.
As Inmusik is an open, free to use platform, there is a possibility of some people falsely creating an artist’s profile and uploading music illegally, causing a negative impact to the community. Verifying and checking content can be a significant drain of resources, a cost which eats into the overall payouts to copyright owners. This unique system can be used in other ways to ensure that all copyright holders and performers are compensated for their work fairly. This application of a distributed ledger is incredibly effective for tracking covers of known songs and ensuring the copyright owner earns fairly from streams, in keeping with our second fundamental principle - All people who create artistic content should be rewarded in direct proportion to the measurable value that content gives to those who consume it. Inmusik is the first and only platform which enable more established artists to earn from covers performed by up-and-coming singers, musicians, etc. It’s also incredibly effective for tagging samples used in remixed material. A powerful use of a distributed ledger to bring greater transparency and fairness to this area of music creation.
Pay Per Play
The platform uses the Inmusik blockchain to capture every qualifying stream to offer a fair and transparent way to distribute payment for each and every play. There is no set price per play, however, Inmusik should be the biggest payer to artists when combined with vote Tokens, totaling a payout in a range of $0.01 to $0.09 per stream. Users who are listening to music pay for this privilege with their Inmusik Tokens, which can be purchased or earned, creating a real exchange of value, adding to the overall ecosystem and creating a sustainable business which goes far beyond an ICO.
Pay Per Contribution
Artists also receive monetary rewards for simply adding content to the platform. In recognition of our first fundamental principle - All people who actively contribute to the success of a venture should be rewarded in direct proportion to the measurable value of their contribution. We believe that all content adds to the overall value of the community as each song has the potential to be well received and entertaining. To add to this, creating a strong referral system can cause ‘the viral effect’ as demonstrated by many massively successful platforms (Facebook, Gmail, Dropbox, to name a few). On Inmusik, both fans and artists can earn by simply inviting others. Each accepted invitation gives the inviter an equivalent of $2 in Tokens and the invited received a bonus equivalent to $4 in Tokens for their initiative to sign up. An alignment with our first fundamental principle, referenced in this section.
InMusik Platform opens new opportunities to blockchain community
This platform will enable several things in the industry that is not and can not be always possible without the inducement of blockchain technology.
REWARDS SYSTEM AND INCENTIVIZATION
Fans are rewarded for simply being active and listening to cool musics that you love! Finding great new music and helping it surface pays your great efforts. Voting helps great music bring their name too into the public
FAIR PAY-OUT OPPORTUNITIES FOR THE ARTISTS
With the complete decentralization way of the blockchain, Artists earn more because the way and procedure is fair and transparent way and connect directly with fans. Designed for signed and independent artists
FINANCIAL TRACKING
With 3rd generation distributed ledger and smart contracts, every cent of revenue can be easily automated and transparent.
FASTER LIQUIDITY
Faster pay-outs, meaning earned currencies can instantly be withdrawn within your fingertips.
ROADMAP;
Token Metrics;
SoundCoin Token
Sound Coins are smart contract Tokens built on the ERC20 token standard. It is an integral part of the community as it provides a mechanism for financial transactions, conversion of rewards, and collaborations. Smart contracts enable us to facilitate a payment solution working flawlessly together with a decentralized trust and reputation system between parties via the blockchain.
Distribution and Supply
Sound Coin, being the primary token, can be exchanged for currency (dollars, euros), in jurisdictions where such exchange is legal, or other crypto-currency (e.g., Bitcoin, Ethereum) after the initial ICO. The projected value is expected to be about $0.10 USD per Sound Coin.
Token - Description
Token Name - Sound Coin
Token Symbol - SOUND
Token Type - Ethereum ERC20
Total $OUND Tokens Issued - 400,000,000 Hard Cap
Token Price - 1 ETH = 10,000 SOUND
Payments Accepted - USD, EUR, INR, BTC, ETH
Tokens Issue Day - To Be Announced
Distribution of funds
Marketing – 36%
Marketing will be the main expense for Inmusik to attract millions of fans to the planform. With virality built in at the core and having experience in bringing millions of users to products our team has created, marketing is an area we excel at. Therefore, we will allocate 36% of funding to marketing. With Robert Bowling, (who led two of the largest entertainment launches of all time and directly responsible for $2 billion in sales with Call of Duty) as Chief Marketing Officer, we are confident in our ability to capture a large audience of music consumers.
Technology and Design – 28%
Technology and design is at the core of our business. To ensure the user experience is exceptional from first use to sustained daily engagement, we consider product a priority. Leading product design is UX/UI design expert Vivienne Piong, co-founder of 500 Designs and who coined the term ‘Performance Centric Design’. She has designed for 2 Fortune 100 companies and numerous other start-ups, contributing to millions of people experiencing her work. Product development is led by Kay Johansson, who for 20 years has been recognized as an innovator and leader in audio-video technology and digital convergence. He has also had millions of people use products he has led development in.
Human Resources and Operations – 14%
There are no great companies, only great teams. Therefore, a significant amount of resource is dedicated to finding and hiring the very best people to pave the way in an evolving music industry. Creating a vibrant environment from which to work from is key. This applies more to the system of operations designed to encourage team members, nurture top talent and enable easy collaboration to ensure efficient use of time and funds.
Innovation – 12%
With the core team being proven innovators and inventors, we understand the importance of continuous improvement - to think of what no one else has thought of yet. Inmusik will continue to gather feedback from users, partners and investors to craft a user experience which thrives as new technology enables even more amazing applications in the future.
Legal and Finance – 10%
To ensure that Inmusik is operating in the most efficient way possible, while correctly licensing content through partnerships with major labels, we are allocating up to 10% of our resources to legal and finance.
To know more about InMusik Platform,
You can visit the following;
Website - https://inmusik.co/
Whitepaper - https://inmusik.co/wp-content/uploads/2018/05/inmusik-wp-v1.1.pdf
Twitter - https://twitter.com/InmusikOfficial
Facebook - https://www.facebook.com/WohooInMusik/
Linkedin - https://www.linkedin.com/company/inmusik/
Telegram - https://t.me/inmusik
Written by;
Bitcointalk Profile - i7claufe
Bitcointalk Profile URL - https://bitcointalk.org/index.php?action=profile;u=1719874
ETH Address - 0xc38a4feFC0D2B94686F4E512952e8FB985FeA1B0