Hello Reader,
What is MFTU ?
MFTU has a responsibility to protect the development of the music in the future, because of the growth of piracy, gives extra burden for the people who work in the music field. MFTU helps in fulfilling the gaps that scare the future of the music world.
Traditional music involves third parties, and loyalty points are carried to artist or musician. In this project, each and every new individual and the upcoming artist will feel as if they are on their own radio. Therefore, Value Gap is one of the biggest threats for the future music industry.
How Blockchain will Level the taking part in Field for Independent Artists?
People who are well known with the music industry have an idea about the copyrights and royalty payment systems. As per government regulations, royalty payments system is compulsory in most of the countries. This is to secure those musicians and artists where they remunerated for their work depending on their performance.
Therefore artist must be benefited from the royalty regimes when they are the members of a recognized organization. To equalize the cost that is associated with the payments to artists, large online radio networks which broadcast music have expressed the content by using a subscription system, membership and traditional broadcast.
The status of the MFTU
Internet and mobile devices have changed how music is transferring through the audience throughout the world. Most of the countries implement a royalty payment which is based on the rules and regulations of the government to secure that Musicians and Artists are paid for their performances. Earlier, third party people are involved and royalty is not carried to artists along with musicians.
Therefore, the MFTU came up with a new model of the online royalty payments that can be implemented through Blockchain technology. Therefore, this Blockchain technology is dependent on the Ethereum decentralized network.
MFTU Token
MFTU team designed an open source online royalty payment model that helps workers to review the information around the world through a distributed ledger system by the co-workers. Therefore, the Dual Token ecosystem is named as the "MFTU" token which is elaborated as Mainstream for the Underground.
When it comes to project CYFM tokens and MFTU plans are used as a universal payment that can be accepted in the international and is being guided closely. However, this token does not show any profit or success of Cyber FM Company and also MFTU token is not sold on Cyber FM site. Therefore, you can realize that there is no Initial Coin Offering(ICO).
MFTU tokens are used as and primarily compliment fiat payments for online radio memberships, credits for in-app that includes all the purchases and registration fees. Both the tokens are an ERC20 that are registered through Ethereum blockchain and used to create a universal payment system that allows royalties that are gathered for all the performances done by the artists.
MFTU Token presents a truly digital, fair and cryptographic Criteria Performance Organization for all the independent Artists. However, they should protect all the rights and payments throughout the world.
For More Information Please Visit : -
Information Source-->Website, White Paper
All Image Source--> Website, White Paper
#indie #indieartist #indiemusic #MFTU #undergroundartist #DoYouMFTU
Regards,
@sudhakark
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