Jumat, 01 Maret 2019

Imusify - The Blockchain Music Technology Wins Award


The increased transition to digital media has seen many artists earn very little from their work. Artists currently suffer from exploitation due to the existing inefficiencies in the current centralized music system. Additionally, there is the lack of transparency in the industry that has contributed to the loss of revenue, ineffective licensing processes, and mis-attribution of ownership. Artists are struggling to earn a fair and sustainable income as large organizations continue to grow and withhold some portions of revenue from the artists.
Another challenge facing the music industry is connection failure. While global users can easily get the music they want, there is a large disconnect between music creators, collaborators, and shareholders. This makes it almost impossible for these actors to exchange ideas and resources.

What is imusify?

imusify is an award-winning music platform that is reinventing the global music industry in order to liberate music makers, music fans, and music entrepreneurs. Let imusify help you find your creative voice, build a loyal following, discover great music, and reward your contribution. IMU tokens are used as the engine to support imusify’s multi-layered, decentralized music economy. This will create an immense potential value for the token’s use throughout imusify’s infiltration into the industry. Through our smart reward and compensation system, ϑ IMU is either rewarded for contribution to the platform, or used as a currency for exchanging digital assets and services. By establishing trust and transparency between artists, supporters, fans, and industry service providers; a vibrant ecosystem emerges.

Problems

However, despite all our comfort, modern artists began to experience real difficulties and problems in this direction:
  • first, now it has become difficult to regulate pirated copying, for which the author of the song naturally will not get a penny;
  • secondly, there are a lot of stock applications, where you as a performer seem to offer convenient terms of cooperation, but as a result you are disappointed, because there are problems with payment and its possible delay;
  • third, it is difficult for young musicians to get to the top of fame, as they do not have sufficient funding from producers and other special agents;
  • and fourthly, despite such a large number of musical resources, none of them meet the creative talents, as the resource primarily thinks about its benefits and puts its interests above all.

Imusify Solutions

Imusify practices a mixture of innovative treaties and frames to promote a straight peer-to-peer association between artists, fans, and other cooperatives. The project combines the best methods of conventional crowdfunding, streaming, media sharing, financial and social networks. By this way, Imusify drops the requirement for enduring go-betweens, fixing incompetence, implementing clarity, and assuring everybody is equitably rewarded for their participation. The usage states cover artist crowdfunding, open artist royalty payments, incentivized content curation, open-source development and network collaboration.

Prehistory

The project that we will talk about today, was born thanks to a very talented person – David Walters. It was his thorny path that inspired the creation of such a product, which will solve all the above problems and help develop absolutely all the talents on our Earth. He believes that his project is able to give a lot more functions and privileges not only to each artist, performer, artist, musician, but also to producers, managers, publishers and other professionals of the music industry without which it could not fully exist.
When creating his project, David Walters was well aware that the platform through which all these people will interact must meet the latest requirements of our time. That is why it is based on blockchain technology, thanks to which incredible conditions of cooperation are now available not only uniting all these specialists, but also the audience for which all this creativity is created. After all, a musician without a listener, no one, in the same way as any artist, painter or specialist.

Imusify Features

The features of the platform include:
  • Audio Player, Users can upload songs, podcasts, and audiobooks among other content that can be distributed and shared within the platform or externally.
  • Curate Content, Users can vote for content, which will allow for the curation of good and bad content. Users are rewarded in IMU tokens when they participate in making sure that content provided by Imusify is of high quality.
  • Creation Of Channels, Users are able to create their own channels with even playlists that are based on different topics and tags. Users can also invite others both from the platform and outside the platform using email so that only invited members will have access to the channel.

Design feature

Listing the features of the imusify platform, we would like to highlight several categories, each of which relates to a specific sector of its participants. For example:
  • The system offers unique conditions of cooperation for musicians and artists. Through which the contractor receives full ownership of its content. That is, imusify helps to protect its copyright, as well as to make a profit for each single and release of the album. At the same time, the platform provides a full range of services for licensing copyright content, tools for its management, distribution of royalties and much more. But the most interesting thing that imusify is ready to offer to all its creative workers is the income that will instantly come to their account for every viewing or listening to their song, clip, picture or single. This method will allow imusify to reveal many promising, but still unknown talents. After all, people’s love will allow without embellishment and exaggeration to appreciate the true talent of man and reward him on his merits.
  • For users, imusify will serve as a kind of Klondike, where they can become one step closer to their favorite artists. At the same time to take an active part in the development of their creative beginnings and appreciate every song, music, painting, and so on. All this became possible thanks to the decentralized network and tokenization of the project, where each token acts as an evaluation marker of a particular creativity. The user at will and discretion decides to whom and how much he is ready to transfer coins, thereby to evaluate the work of any creative person.

Advantages of Imusify

The platform is solely created to benefit all music industry participants, the benefits include:
  • The platform allow artists to launch their music albums, videos and campaigns;
  • It allow artists to launch crowdfunding campaigns and gather the required funding;
  • Decentralization and blockchain provides transparency in every operation;
  • All the market participants receive their payments instantly and transparently;
  • Easy, effective and transparent copyright management;
  • It provides space for innovative ideas on the platform one can listen music, share, support, find news, trade goods and services etc;
  • Platform rewards users and participants for their valuable contribution towards the development of the platform;

How Imusify Decentralized Music Economy Blockchain Works

The platform will integrate the best practices of streaming, crowdfunding, media sharing, social and economic networks. This will do away with the need for intermediaries. It will also provide transparency, resolve inefficiencies and ensures that every artist and other service providers are rewarded in line with their contribution. Some of the use cases of the platform services include artist crowdfunding, incentivized content creation, transparent artist royalty payments, network collaboration, and open source development.
The platform has an easy to use interface. It will also use neo-python as a blockchain middleware for communication between UI and the smart contract. Imusify is set to revolutionize the global music industry and it will liberate music fans, music makers, and music entrepreneurs.

The Details of the ICO

As I said earlier, users within the music ecosystem of imusify will be able to interact with each other not only with the help of a social network, but also to show their activity at the expense of the internal IMU token. This token will be developed on the basis of the NEO blockchain and its NEP5 standard.
A total of 1 billion tokens will be issued. Of these, 200 million will be allocated for private sales, 350 million for public sales, the remaining part of the tokens will be distributed between strategic partners and its creators. At the same time, a small part of about 80 million coins will be allocated for the development of the ecosystem itself. At different stages of sales markers will be sold with significant discounts, so keep this in mind and pay attention. The starting price for 1 IMU is set at $0.05 USD.

Token Information

Token Name : IMU
Platform Token : NEO
Type Token : NEP-5
PreICO price : 1 IMU = 0.044 USD
Accepting Payment : NEO,BTC,ETH,LTC,XMR,BCH and DASH
Distributed ICO : 65%
Tokens sale : 65,000,000
Soft cap : 1,000,000 USD
Hard cap : 25,000,000 USD

Distribution of Tokens


Roadmap 


Core Team


Advisors




Official resources of the Imusify project:

 WEBSITE: https://imusify.com

Bitcointalk username : cinta monyet Bitcointalk link : https://bitcointalk.org/index.php?action=profile;u=1957091
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