Introduction to Hashgraph DLT for Musical Instruments
Hashgraph is a novel Distributed Ledger Technology (DLT) that was developed in 2017 by Leemon Baird and released in the public domain. This technology has only ever been utilized in private networks up until now. This will be the first time it has been implemented in a public network. When it starts in Q3 of 2018, the Hedera Hashgraph Public Network will be the world's first consumer-ready public network, according to the company.
A consumer-grade network powered by the Hedera Hashgraph technology, the Hedera Public Network is particularly built for applications that demand global scalability, security, and performance. When we originally founded Tune.FM, we were really thrilled about the potential of blockchain technology in the music industry. We were right to be so optimistic. It became evident, however, after months of development and study, that the existing state of blockchain protocols was not suitable for use in a consumer-facing application.
Because of this, Tune.FM is pleased to announce that we have formed a partnership with Hedera Hashgraph to deliver a distributed ledger technology solution for Tune.artist FM's and fan marketplace, which will be launched soon. We think that Hedera Hashgraph is the greatest distributed ledger technology available for this purpose, and that it will open up a new revenue stream for musicians by allowing them to expand their fan base.
To bring this new platform to life, we look forward to collaborating with Hedera Hashgraph and all of our industry partners.
How Does It Work to Earn Rewards for Artists and Fans?
Tune.fm is a system that allows artists, fans, and curators to all share in the value that they create via their efforts.
Musicians - TuneToken allows musicians to receive incentives based on how many times their songs are played on the internet. Fans may listen to a limitless quantity of music without being interrupted by advertisements or being required to subscribe.
Fans - Fans may earn tokens by providing feedback on music. Artists that promote their music through our playlist function and obtain a particular amount of plays are also eligible to get tokens from the platform.
Curators - Curators may earn tokens just by broadcasting music to their subscribers. TuneToken will provide everyone, from music fans to professional tastemakers, with the chance to discover new music and be paid for sharing it with others through the use of a cryptocurrency.
What Is Tune.Fm and How Do I Use It?
Tune.FM is a new music platform that is fostering a thriving economy in which everyone may participate. Tune.FM is a win-win for everyone! So we are a social music platform that recognizes and pays artists, fans, and curators for their efforts on behalf of the whole community. When listeners listen to their music, artists receive tokens in recognition of their work as creators. Then, as curators, you may earn tokens by analyzing music, which is beneficial to fans. Interisting.
Tune.FM is a cutting-edge social music platform where artists have the freedom to create, fans have the freedom to listen, and curators have the flexibility to discover new artists. Now, the software is presently accessible for Android users in the Google Play Store, and it will be made available for iOS users shortly after.
Tune.fm Appreciates Your Support For NFT Minting Services & NFT Marketplace
Everyone who wants to establish their own virtual token will be able to do so through the creation of a new NFT on the Ethereum blockchain, thanks to Tune.FM. TUNEFM will use the proceeds from its JAM token sale to build an NFT marketplace and purchase high-quality, low-volume music assets to offer artists as a way to compensate artists in exchange for access to their work and by incentivizing fans to participate in the ecosystem and promote the project.
TUNE.FM is a music streaming service that was founded in 2012 by a group of musicians and technologists. We want to provide NFT minting services as well as an NFT marketplace, which will serve as a platform for artists to bundle diverse audio/visual/real-world experiences utilizing NFTs through our services.
Tune.mission FM's is to create an environment that allows fans to participate in the success of the artists they love, while also increasing engagement and loyalty among those who listen to them. The JAM token will be used as a means of payment for the purchase, sale, and trading of NFTs on our platform, as well as for minting fees and fan club membership prizes. It will also be utilized for VIP events such as experience tickets and other VIP opportunities.
TUNE.FM Native Token Called Is JAM
JAM is a utility token that is used to fuel the TUNE.FM platform, which allows music fans to reward the musicians they enjoy by making direct payments to the artists themselves. JAM will be utilized as a utility token, which means that it will only be usable on the TUNE.FM platform for the purpose of redeemed and paid for music, products, tickets, and experiences (among other things).
Fans will be able to nurture artists from the beginning stages of their careers all the way through to worldwide superstardom by participating in a unique career development ecosystem that allows fans to nurture musicians from the beginning stages of their careers to global superstardom. A unique opportunity for fans and artists to work together in the development of new talent will be provided by the JAM rewards pool, with 50 percent of all proceeds from advertising on the platform going toward rewarding fans and artists who take part in the development of new talent in this process.
TUNE.FM JAM Token Specifications (Tokenomics)
1,000,000,000 JAM is the total supply (the number of TUNE Tokens is not fixed)
The price of each JAM Token will be determined by the current exchange rate between the JAM Token and the US Dollar, as published on www.tune.fm/discover/buy-jam-tokens-exchange-rates.html (www.tune.fm/discover/buy-jam-tokens-exchange-rates.html). When the User requests a purchase of JAM Tokens from TUNE.FM using the Tune Purchase Portal or the Tune Purchase API, as described in Section 3(b) below, TUNE.FM will collect the information described in Section 3(a).
First, we will divide the entire amount of the transaction ("Purchase Price" or "Price") by 1,000,000 (which is the number of JAM Tokens in one US Dollar), and then we will multiply this quotient by 10 to arrive at the price per token (the decimals amount for JAM Tokens).
As this case, the value of a JAM Token is given in US Dollars per token. The total number of tokens purchased multiplied by the price per token in US Dollars is the total purchase price in US Dollars, presented as a percentage of the total buy price.
Conclusion - Is Excellent From a Musical Perspective and Has Been Monitized
With the present state of music in turmoil, it appears that a blockchain-based approach may be the most effective method to address some of the challenges that are now being faced. Tune serves as both a mechanism for artists and fans to build relationships as well as a means of remuneration for musicians.
Despite the fact that Tune is extremely promising and has a wide range of features, there is still a lot that may go wrong with its further development. Making headway on the problem of frictionless payment, for example, is extremely difficult and involves a great lot of cooperation from a wide range of stakeholders.
Regardless, if Tune.FM is able to effectively develop their business strategy, they will be in a perfect storm if they launch their product at a time when cryptocurrency is becoming increasingly popular. It will be fascinating to watch how things turn out when they launch their new platform in the next weeks and months.
Follow, join,and get update information a lot at:
Website: https://tune.fm/
Twitter: https://twitter.com/tunefmofficial
Telegram: https://t.me/tunefm
Facebook : https://www.facebook.com/tunefmofficial
Medium: https://medium.com/hearo-fm
About Author (Writer)
Bitcointalk Username: Barbara Eberhardt
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=3403783
Hedera Account ID: 0.0.597671