###Overview
Mobile devices and internet have modified how we enjoy music. This has makes it easier for us to access any music of choice globally. Most countries do enforce royalty system via governmental regulation of music by ensuring Musicians and Artists paid for musical session.
For instance, radio stations accept live broadcast fee through a member system. Giant radio networks now exploit the highly accepted music with subscription fee, premium payment and obsolete broadcasting advertisements services, while letting its existence enforced by laws still amazes everyone. Most radio streaming platform monetized their service in exorbitant rate thereby leaving music enthusiast with little or no option.
All these have reduced the productivity of the Musicians due to the high accessed toll fee of media houses, and with very little economic reward in return.
Nowadays, proliferation of internet royalty payment mode for peer-to-peer data within music market worldwide through distributed ledger system is now easier to create the music art. The artist’s problem is how to penetrate the music market through their audience. Mainstream for the Underground” project came to resolve these problems.
MFTU will provide solution to music barrier, musical revenue for artist and nice streaming platform for the listeners.
MFTU in brief
MFTU is a precise, transparent, legal and cryptanalytic system for organizing performance rights and rewards for independent performers. It protects the rights and payments of Musicians around the globe online. MFTU incorporates a radio referred to as Cyber-FM with multiple channels to grant free access to all or any form of music worldwide.
The Purpose of MFTU is to confirm the legal, fairness of artists and to satisfy the needs of listeners or audiences, thereby protecting the event of music business in the future. Majorly, most musicians get little or no rewards from their work due to the presence of third party having the huge chunk of their revenue. The intermediaries have caused a lot of havoc within the entertainment industry;hence,reducing level of progress for the sector.
With MFTU, the financial benefits of musicians will go directly to the Artist without delay. It will allow a great level of transparency for every registered member on the platform. This enables a long time trust within the system; thus, creating reasons for investors to invest their resources in the MFTU project.
How it works?
The MFTU project uses Blockchain Technology that is placed over an Ethereum Network. MFTU is supported by a double token named "CYFM" “CyberFM” and "MFTU" as a token rather than the MFTU itself.
Features
● Transparency: The platform will encourage high transparency level because that’s the basis of its creation. Here, it will encourage everyone to participate in the project for high sustenability.
● Lack of intermediaries: There will be no third party between the Musicians and their audiences, hence high revenue for the Musicians and Artists. Major problem of the music industry will not be available on the project.
● Robust Security: This is another great feature of the platform, because the provision of security is ensured due to its decentralization of blockchain technology.
● Means of income for Musicians: The platform will offer income opportunities for artist to get the real value for their hard work.
● Music Streaming: You can listen to music as you like, from any part of the world without barrier. The music can be accessed both on Apple iOS and Google store.
Tokens
This serves as the internal currency used to reward the participants within the platform, which consist of Artists and listeners.
MFTU Token is easy to use. Also, it’s part of the world’s crypto-analytical Performance Rights Organization for independent Artists. This organization comes together to ensure the rights and payments of musicians are well paid all over the globe.
ERC20 property of the token is well registered on the Ethereum Blockchain Network. It universal system of payment is used to allow royalties payment or incentives ,thereby collecting such incentives for all performances, regardless of their location. MFTU tokens will be used to order payments for on-line radio memberships, credits for in-app purchases and registration fees.
This token will represents a generic international currency which serve as the compensation for all Musicians or Artistes globally. The Artist and Musician will be paid individually as a member of the platform through their Performance Rights Organization. But extra perks, rewards and financial gain are on the market once these members absolutely sign up for the platform.
Both the CYFM and MFTU token represent a Broadcast Currency that may be used inside the ecosystem, for listeners, fans and users. As an example, listeners might win MFTU tokens in an exceedingly radio contest, they'll use the tokens to buy premium memberships for song-skipping, on-demand downloads, business free streams and alternative edges.
Conclusion
In conclusion, online digital radio will incorporates a setup record of the conveyance of title autonomous music to audience members and advancing it through the musical artiste. Its new arrangement with thought for the Underground mainstream is energizing, since it provides a way for making certain artist rights and installments over the world, where as they can sustain their copyright enlistment for musicians. It provides a room for musicians to increase their income and for the audience to have easy music streaming from any location in the world. On the MTFU project, artist will have profit from their music hugely for their work without the need of intermediaries and no commission will be charge for musical access, artist will enjoy the priviledge of their music being promoted with CYFM and getting rewarded handsomely through MFTU tokens.
More Resources
- Website: http://mftu.net/site/
- Whitepaper: https://mftu.net/#whitepaper
- Telegram: https://t.me/mftudotnet
- Twitter: https://twitter.com/MFTU_Currency
- Reddit: https://reddit.com/r/cyberfm