Introduction

As an industry first community of artists, it has the equipment wished for artists around the world to honestly make a residing and take manage of their destiny. Our micropayment technological know-how permits Streaming Per Second and Music NFT Minting offerings to monetize content material greater immediately and globally than ever before. Powered with the aid of Hedera Hashgraph Tune.FM’s JAM Token gives lightning-fast seamless world cost alternate thru on line micropayments. The enterprise-grade protection of Hedera’s consensus algorithm (PoS) is of the very best viable standard, aBFT (Asynchronous Byzantine Fault Tolerance).

What Is Tune.fm?

tune.fm is a decentralized utility for tune streaming creating a world song financial system and decentralized market for artists and fans. tune.fm facets over 5K artists from round the world along with grammy award prevailing artists from Mathew Knowles’s label Music World Entertainment offering Beyonce stay instrumentals. When the MWE catalog was once first launched on tune.fm the surge in new signups brought about the unique clever contract to max out its kingdom kingdom dimension and no longer take delivery of extra person wallets. This put the group lower back to the drawing board to re-architect the token clever contracts and strengthen a new protocol for scaling clever contract tokens on Hedera. The new structure involves a ‘parent’ clever contract which wraps round more than a few ‘child’ clever contract shards. As the nation is stuffed for character shards, new toddler shards are delivered to the father or mother clever contract, which intelligently maps and routes all incoming transactions to the applicable baby shards.

This groundbreaking new token protocol structure makes it viable to deliver tokenization to Hedera the way ERC20 added tokenization to Ethereum. With a a great deal improved technological basis and compelling governance structure, Hedera can show to be the extra secure and scalable public allotted ledger technological know-how that permits decentralized purposes to scale and tokenize. With the new Hedera token protocol developed through tune.fm for the JAM token, decentralized tokens on Hedera are now viable and they clear up a lot of the troubles related with Ethereum tokens involving speed, fees, security, and scalability. It is viable via tremendous adoption that tokens on Hedera utilising a comparable sharding structure may want to come to be the widespread for future dApps searching to tokenize. tune.fm represents a quintessential use case for micropayments and cryptocurrency, permitting the JAM token to act as an ‘in-game currency’ for streaming micropayments as phase of a novel ‘pay-as-you-go’ commercial enterprise model. Since repayments take place seamlessly and automatically, micropayments permit the consumer to pay consistently for their actual time utilization of the utility and compensate creators proportionally for their consumption of media.

How the Jam token works

Jam tokens are used to pay for each 2d of streaming via without delay connecting artists with their fans. Users can signal up and get hold of a hundred Jam tokens for free to find out and pay attention to lots of artists from somewhere in the world. As listeners move music, Jam token repayments are made into the artists’ pockets for each 2d of streaming. In addition, artists will quickly be capable to promote their song with Jam with the aid of paying out Jam tokens to first-time listeners of their songs, growing a pool of promoted tune that followers can movement for compensation.

In the future, Jam will be the denomination for many merchandise and offerings inside the tune market on Tune.fm, together with affiliate referrals, gamification, reviews, merchandise, tickets, and VIP experiences. Tune.fm is growing a crypto jukebox that is developing into a international track ecosystem. With artists in manage of their rights and in a position to earn right away as their tune is streamed, Tune.fm is turning the tables on the song business, Hedera said.

Platform Features

ARTIST & FAN REWARDS:

JAM rewards creators and curators. Artists earn tokens as creators when followers movement their songs. Fans earn tokens as curators by way of reviewing music. Artists can promote their track with tokens for streams, and followers can earn tokens virtually by using streaming music.

GLOBAL MICROPAYMENTS:

With really no fees, Hedera Hashgraph allows without borders micropayments between artists and followers making it feasible for the first time to monetize song streaming direct to followers round the globe barring excessive transaction fees.

LIGHTNING FAST:

With extraordinary throughput velocity of lots of lots transactions per 2d per shard, Hedera Hashgraph's unequalled overall performance makes it viable to manner transactions from excessive volumes of concurrent customers except ready for community confirmations.

BANK GRADE SECURITY:

Hedera Hashgraph's DLT (Distributed Ledger Technology) makes use of a digital balloting consensus algorithm that is PoS (Proof of Stake) and aBFT (Asynchronous Byzantine Fault Tolerant), accomplishing consensus inside seconds with a hundred percent certainty.

MUSIC DISCOVERY PLATFORM:

Tune.FM is a completely featured track discovery platform and social network. We will be changing the fiat market with a absolutely tokenized economic system which will be referred to as Tune.FM.

JAM . Token Ecosystem Incentives

JAM is a non-refundable purposeful utility token that will be used as a medium of change between members on Tune.FM in a decentralized way. The motive of introducing JAM is to grant a handy and invulnerable mode of fee and agreement between interacting contributors inside the ecosystem on Tune.FM, and is not, and is now not meant to be, a medium of change frequent via the public (or any phase of the public) as repayments for items or offerings or for the contract of debts; nor is it designed or meant to be used by using absolutely everyone as price for any items or offerings no longer furnished completely by way of the publisher. The JAM token solves the trouble of micropayments in the track industry. Leveraging cryptocurrencies and dispensed ledgers technology, the JAM token enables a direct symbiotic relationship between artists and fans, except the want for intermediaries to accumulate licensing costs for streaming and distribution.

JAM additionally gives monetary incentives that will be dispensed to inspire customers to make a contribution and take part in the ecosystem on Tune.FM, accordingly growing a collectively really useful system. the place every participant is pretty compensated for his efforts. JAMS is an fundamental and inseparable phase of Tune.FM, due to the fact besides JAM, there would be no incentive for customers to store for sources to take part in things to do or furnish offerings to advantage from the whole ecosystem on Tune.FM. Given that Additional HOURS will be awarded to customers only based totally on authentic usage, activity, and contributions on Tune.FM, Tune.FM customers and/or JAM holders who do now not actively take part will now not obtain the JAM incentives.

The JAM token creates a world tune market and ecosystem the place artists can be paid in cryptocurrency for each 2d hi-fidelity streaming and downloads of their music. Fans can earn cryptocurrency via listening to favored tracks through merchandising artists and labels, as nicely as reviewing songs and albums. They can then spend these JAM tokens by using listening to the tune of the artists they like. After n streaming, followers will routinely free up tune ownership, which consists of limitless free streaming and limitless hifidelity offline playback.

Tokenomics

JAM Allocation

Conclusion

When we show up at the crypto world in general, many duties exhibit up day in and day out as greenbacks are depleted and inactive and proceed their matters to do in ongoing projects. However, we can see that most of these initiatives are defi primarily based absolutely or seen as nft. Some of them try to proceed their matters to do with a combination of every defi and nft. But, as a rule, most of them provide up in failure. Especially for human beings with a combination face, we face this more and larger often. When we show up at the latest kingdom of the crypto market at the moment, consumers have a tendency to abandon initiatives and make investments in such structures seriously. The specific attribute of tune FM is that there are many supportive investors. Overall, when we appear to be at the market as a whole, we find out that many rising duties are anonymous, although we sincerely do no longer recommend investing in anonymous duties that add overall performance such as character names, matters to do action, what they will do will constantly be useful.

More Information About Tune FM Project

Website: https://tune.fm/signup/?next=/
Whitepaper: https://tune.fm/public/landing/images...
Twitter: https://twitter.com/tunefmofficial
Telegram: https://t.me/tunefm
Youtube: https://www.facebook.com/tunefmofficial
Medium: https://medium.com/hearo-fm

Author

Sarmin Sultana

Forum User Name: SonyZ3+

BTT Link: https://bitcointalk.org/index.php?action=profile;u=1369517

Hedera Account ID: 0.0.575416