Hello steemers, I've come again today bringing
you another amazing blockchain project. An exceptional one today In fact. I wonder if you have ever heard of inmusik? As a music lover, this might be the best post ever you'll read about this week. This project connects blockchain technology to the Music Industry.
It's not a news anymore that blockchain technology has turned around the market productivity of this generation in several ways : making the advert medium more transparent, getting brands to target consumers, degeneralisation, transforming numerous industries by offering lower costs, heightened security and streamlined processes and lots more. it has brought lots of benefits to both businesses and investors in the financial services market. And now its gone to a whole new level.
Imagine the efficiency of the Music Industry when blockchain technology is introduced into the system.
Music has actually hold a key aspect in human lives. Its intertwined with emotions, entertainment, information and physical activity. If music was banned from the world a whole year, most of us would not survive. We can as well say music is life.
Inmusik is an ecosystem based on a blockchain database that supports the music industry, streaming, and social interaction, with cryptocurrency rewards and a financial framework on which future music industry applications can be built.
Music lovers get rewarded in such a way that they earn tokens for discovering great new songs. Inmusik rewards everyone who contributes to success of the venture based on the principle that everyone who contributes to the success of the project, create artistic content, give their time to the project should be awarded in accordance with the contribution provided and also that everyone. Inmusik favours the INDUSTRY by providing a transparent system that enables music business to take place, the ARTISTS by helping them generate and build active fan base and the FANS by allowing fans to consume music for free with consistent contribution to the community.
There are two major major problems facing the Music Industry curation
- Majority of people do not have the time to listen new music and refer it to their friends
- There isn't a sufficient way to recognize the meaningful contribution of individuals so as to be payed fairly.
Inmusik provides solutions to this by
- Developing a Quick play system in which participants are able to discover a new music (all genres) In less than a minute. The artist provides the best 7 seconds of his song on the platform where participants are able to quickly listen and give their impression about the song , either accepting or rejecting it. In cases where listeners are willing to listen a little longer to the song, this can be done by a simple swipe. Only a maximum of 30 minutes of the song can be played.
Participants are then rewarded with tokens based on their participation. The more you contribute, the more you earn.
Hence Quick-Play serves as a way to discover new music and earn money for simply giving your impression about any music of your choice - A voting/betting system is designed which determines those who participated by recognising voters. It also maximze the collective effort of listeners to help circulate good music. Listeners also vote for songs with their tokens, and if the song later becomes widely played, voter receives a portion of total rewards the song makes overtime.
WHY INMUSIK
- Inmusik makes listeners/fans become long term investors in the Inmusik community
- Inmusik rewards are payed instantly with no wait time for earnings made on the ecosystem.
- Inmusik helps to recognize and promotes good music by evaluating votes by listeners
- It gives a reason for listeners/fans to provide support for an artist.
DISTRIBUTION AND SALES
Sound coin is the primary token and it can be exchanged for currency dollars, euros, pounds etc in
Places where such exchange is legal, or other virtual currency like Bitcoin, Ethereum, etc
after the initial ICO. The estimated value of sound cloud is expected to be about $0.10 USD per Sound Coin.
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TEAM
STEPHEN BRETT, the CEO/Co-founder of Inmusik is serial entreprenuer with 17 years experience in the music industry and business designer. He is backed up with a team of highly experienced individuals which are devoted to give nothing less than their best to achieving the visioned goal set by Inmusik
ROAD MAP
PATHNERS
Times of India is the fourth-largest newspaper in India by circulation and largest selling English-language daily in the world according to Audit Bureau of Circulations. Partnership with Times of India gave Inmusik it's screamer after Times group invested 7 million dollars of the media capital. This partnership will also create a massive library content for Inmisik globally.
CONCLUSION
Getting payed for doing what you like is a dream everyone has, Inmusik has brought that to a reality. I know lots of you out there have a lot of loves for music, why don't you be a part of inmusik and earn for that passion
Official 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.linkedln.com/company/inmusik/
Telegram : https://t.me/inmusik
My profile
Bitcointalk username : LEON331300
bitcointalk profile : https://bitcointalk.org/index.php?action=profile;u=2215507;sa=summary
Eth wallet address : 0x601D68c1800384C799E8Ac55f4F57Acf93C3fAAF