What is Musicoin?

Musicoin (Music)

Website

 

Musicoin is a decentralized system where musician and listeners can use for the consumption and publication of music. The system contains a cutting-edge cryptocurrency that has a P2P file sharing network. According to Alan Cross, a journal of musical things, Musicoin will bring a new level of fairness and transparency to the music industry. The system has to potential to bring a change that has never been seen before by changing the way people consume music.

How does Musicoin Work?

Musicoin is a decentralized system for both musicians and listeners. Musicians can license their content directly to a decentralized database called the blockchain. Each time a song is played, a pay per play contract is executed, resulting in a payment from the consumers who are the listeners to the musician. On the other hand, listeners can access music stored on a P2P. Network and pay musicians directly using digital currencies. The system has ease-of-use tools to allow a seamless experience for musician and listeners.

Musicoin features

  • Sharism: users are able to share their creation online and get paid.
  • The currency: Musicoin founders designed a global currency (MC) which supports the Musicoin system. $MUSIC is the money system used.
  • Smart contracts: smart contracts are designed to ensure payments are made directly, correctly and immediately.

Benefits Musicoin offer for Musicians

  • High industry standards: Musicoin makes cure musicians receive the best rates so that they can focus on building their career.
  • Content rights protection: Musicians’ content rights are recorded publicly on the blockchain. Musicians don’t need to worry about copyright infringements.
  • Transparent licenses: Musicoin autonomous smart contract provides musicians with easy to understand license terms. They can easily control their revenues in a multi-person band or as a solo artist.
  • Fair remuneration: no one takes any percentage of musician’s value. They are given every penny from each playback.
  • Interactive engagement: Musicians have the opportunities to deepen their relationship with their fans. They can do so using the Musician’s freemiums feature.

Benefits listeners get from Musicoin

  • Free listening: listeners get free and legal access to a diverse music catalog when using Musicians. The catalog is shared by talented independent artists.
  • A paradigm shift in music: by joining Musicoin, listeners lead a revolution in promoting equitable sharing environment.
  • Enjoy global music: listeners have a wide selection of genres when using Musicoin. Listeners will discover new and unexpected songs they love.
  • Direct interaction with artists: listeners can stay up to date with their favorite artists. They will get to know them better.

 

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Cryptostec
DISCLAIMER The information contained on this website is provided for informational purposes only and is not intended to substitute for professional financial, legal or tax advice. You should consult a professional before acting on any information you find here. This website may be compensated by companies mentioned through advertising, affiliate programs or otherwise. Any references to third party products, rates, or websites are subject to change without notice. Please do the appropriate research before participating in any third party offers. © Copyright 2020 Cryptostec
%d bloggers like this: