Greetings to y'all from the Soundchain & @Musereum community!

Check out  the Musereum reddit topic on the main /r/Ethereum page.

Still in doubt? Come with your questions and help us rethink the music industry together!

https://www.reddit.com/r/ethereum/comments/7kvttv/ethereum_music_protocol_by_soundchain/

Are you talking about the paradigm of not developing stuff team has promised to develop? Well, there is only one way to break it - to actually develop the announced platform.

How can you be sure that we will manage to do it? You can't, but you can make sure that we have both the expertise and the incentive to do it.

The expertise - our team consists of blockchain developers, lawyers and economists, and we work closely with the licensing agency with a profound knowledge of the market we are trying to tap into. In the coming weeks we would start announcing more partnerships with both the crypto and the music industry players, each providing us with valuable experience and better understanding of the game.

The incentive - out of 250,000,000 tokens issued initially, 25,000,000 will be distributed among team members and frozen for 18 months. We would therefore have an incentive to develop a working project and create a demand for these tokens, so that they would be valuable 2 years from now. Furthermore, our partners, including the partners in the industry, plan to use our project to help them earn money via the announced mechanics - and they would need a functional platform for that.

Does that answer your question?

I don't think we should - OPUS develops a streaming platform, while we focus on the b2b marketplace for commercial licensing, and providing musicians with the means to raise money by selling shares in their copyright. There will be a streaming solution developed and adopted within our project, but it would serve more as a marketing tool to attract content creators and wider public to the platform.

Have you read our WP?



That is why we:

1) Start not with streaming royalties, but with the marketplace for individually negotiated commercial licenses that's easier to tap into. Since we are already working with the licensing agencies, the project's basic version would be a solution to easily license music between parties who have already worked with each other - we just make it more convenient for the participants to negotiate and pay each other with our help, not with the paper;
2) Provide a solution to conduct ICOs for music - AFAK only SingularDTV has successfully adopted this mechanic (think about Gramatik tokens), but their solution is more of a blockchain approach to traditional celebrity bonds, while we are developing not just a new package for an old instrument, but the means to make it work. What's the point of being entitled to a share of royalties, if the royalty flow itself is not transparent, can be easily manipulated, and you still need to resort to the judicial system whenever something goes wrong?

We believe that solving industry problems would require a complex approach; you can't just announce a new streaming/licensing/production platform and hope that it would be profitable, you would need to tweak every economic aspect of the current model and come with a solution making everyone happy.

A detailed comparison between us and other projects in the IP-management on the blockchain will be posted later this week, stay tuned.


Regarding Musicoin - no, we differ significantly from them. Musicoin provides a streaming platform for the musicians to directly interact with listeners; while we also plan to introduce this mechanics at later stages (the Soundchain player will be developed specifically for this), Musereum is more of a b2b solution and an ICO platform. As I said, stay tuned for the detailed comparison with other platforms.

Yes, royalties will be managed through smart-contracts, it is one of the reasons we are implementing blockchain and issue our own tokens. Since we expect each music asset to have multiple rights holders, an internal cryptocurrency to manage payments among them seems like a good idea.

Within our project we utilize blockchain to maintain an updatable database of rights holders, so that we can keep track of who owns what asset and how to distribute royalties. Furthermore, one of the core mechanics of our project is a platform for musicians to conduct their own ICOs - and this clearly requires a blockchain solution.

Now we are doing a private presale, you can see our roadmap on the http://musereum.org We are different from Musicoin. We allow tokenize music tracks and manage copyrights, but we will do streaming free with http://soundchain.org

What projects are you talking about?

The Soundchain Team presents the Bounty program for Musereum blockchain presale. Skip the waitlist, get special roles in the ecosystem and earn up to 10 BTC!

You can read more about our project at http://musereum.org,

 discuss it here at:
 https://bitcointalk.org/index.php?topic=2591975.msg26386981#msg26386981

or in Telegram - https://t.me/joinchat/AxlyZhDrU1JxQeE27eiTVQ

We expect you to revise our project in social media and at your websites, create videos and discuss it in music and crypto communities (but no spam, of course). And here is how you can participate in the program:

MUSEREUM BOUNTY HUNT


1. WHO CAN JOIN

Before you join the bounty hunt, check whether the following applies to you:

1.1. You are not a member of our team;
1.2. You have not registered with our bounty program under another account and will not do it in the future (one user – one account);
1.3. You are human.

If everything applies, enter your email at http://musereum.org and start earning bounty points.

2. BOUNTY POINTS

Bounty points are initially earned for performing specific actions:

2.1. Direct verified referral - 10 points;
2.2. Indirect verified referral - 5 points;
2.3. Like on Facebook page - 5 points;
2.4. Following us in social network - 3 points;
2.5. Sharing your link in social network - 3 points.

You can check your points at your personal waitlist page – you will get the address in the verification email. Keep in mind that the waitlist page only shows you preliminary information about your bounty points – they will be reassessed on the Recalculation Day!


3. RECALCULATION DAY

When the Token Sale ends, the Recalculation Day comes.

We will recalculate your bounty points using two simple rules:

3.1. You only get points for those referrals who have bought ETM tokens for more than 0.01 BTC.
3.2. You lose all of your points and your account gets suspended if you are caught spamming, cheating or using multiple accounts.

We will grant badges and form a Top10 list based on recalculated bounty points.


4. WHAT YOU GET

There are several rewards you can gain by earning bounty points. Here they are:

4.1. 30 bounty points let you skip the waitlist and purchase ETM tokens without waiting in line. Inviting 3 friends to participate in the token sale would get you these.

4.2. 50 bounty points give you a Reposter badge. As a Reposter you will be able to earn ETM tokens when your friends and followers listen to music via the Soundchain player. Only 1000 Reposter badges are available!

4.3. 100 bounty points give you a Distributor badge. You will be able to create playlists and earn ETM tokens when your followers listen to them via the Soundchain player. There are only 100 Distributor badges, hurry up!

4.4. On the Recalculation Day we will sum up all the ETM tokens bought by your referrals and range the bounty hunters by the total number of tokens sold with their help. The 10 BTC Bounty Fund will then be distributed among the top 10 bounty hunters proportionally to the number of tokens their referrals have bought.

E.g. if your referrals get you into top ten bounty hunters by purchasing 1 million ETM tokens, and all the referrals of all top ten bounty hunters together have bought 4 million ETM in total, you get 25% of the Bounty Reward - that's 2,5 BTC. If your friend buys out the whole ETM stack, you will get 10 BTC for yourself.


5. WHAT YOU SHOULDN’T DO

These are the things that will get you banned:

5.1. Spamming
5.2. Using multiple accounts
5.3. Trying to outsmart us and get what you shouldn’t get


6. WHAT ELSE TO DO

Check our Telegram, visit our website, and when in doubt whether your actions will get you suspended – better ask us about it. These rules can be updated – check whether you have the current version every once in a while.

If you find that somebody is violating these rules – send us a screenshot to bounty@musereum.org and get 25 ETM tokens as a reward.

Links:

Website:
http://musereum.org
FAQ:
https://drive.google.com/file/d/1IjkZg3gD_zKMjqLjsLGARTXsebA4d6o0/view?usp=sharing
About team:
http://musereum.org/team


Telegram Q&A Chat:
https://t.me/joinchat/AxlyZhDrU1JxQeE27eiTVQ
Telegram Community Chat:
https://t.me/joinchat/AxlyZhGvlHZRRImGJuGzVA
Twitter Soundchain:
http://twitter.com/getsoundchain
Twitter Musereum:
http://twitter.com/musereum
Facebook Musereum:
http://facebook.com/musereum
Medium Musereum:
http://medium.com/@musereum
Source code:
http://github.com/musereum

White Paper:

https://drive.google.com/file/d/1ezwsLPgyyY4bro_CK6xFLkjgmKACvxHR/view

https://github.com/musereum/white-paper/blob/master/wp-en.pdf

Testnet:
http://testnet.musereum.org

We are developing an open public permissioned blockchain platform for managing IP rights in music and ICO platform for musicians and authors


It allows artists to tokenize their tracks, sell music tokens to fans and investors, grant commercial licenses for their music via integrated licensing marketplace and automatically receive royalties, distributed among all holders of track tokens via smart-contracts.

Users of the platform can invest in music and become co-owners of tracks by purchasing track tokens, thus being entitled to receive a share of all royalties from track licensing and to participate in track governance by voting with their track tokens.

All of the transactions in the system are made in Musereum tokens - ETM - that will be available for purchasing at selected exchanges, via fiat gateway from our website or directly from us during the token sale.

Artists and other platform users will be able to get necessary services from third-party providers (rights-clearing, promotion, video production, etc.) that can be paid for with ETM.

In order to gain public recognition, as well as to attract artists to our platform, a streaming solution - Soundchain - will enable private users to stream music from the platform free of charge, while every time the music is listened to, holders of track tokens will receive remuneration in ETM from the platform.
Our project will operate on a five-sided market, uniting artists, investors, service providers, business users and listeners in one ecosystem.

Why are we doing this?


We can help music industry overcome several major problems.

It is difficult to find information on who owns what - and that makes it harder to use music without infringing someone?s copyright.


Our blockchain being a unified database with the immutable history of all transactions will provide automatically updated information on the attribution of rights.

Transactions of all kinds (money, rights, licenses, etc.) within the industry are rarely transparent - and that creates incentive for fraudulent behaviour.


A blockchain solution makes it possible to make all of the transactions transparent and verifiable - and that makes fraudulent behaviour unreasonable.

Lots of interconnected intermediaries with complex relations between them makes it hard for rights holders to manage and control their IP.


Use of smart-contracts and automation eliminates some of the links in the value while providing a unified and versatile tool for rights holders to

Since the structure is complex and obscure, a lot of value is lost - undistributed royalties end up in black boxes, uncleared rights can be neither assigned not licensed.


With the databases of the granted licenses and of the rights holders entitled to royalties from these licenses, distributing royalties and clearing rights will become a routine task.

Complicated value chains make monetizing music hard, because distribution of royalties can take years - so those who are able to pay advances obtain power over artists.


Smart-contracts automatically and instantly distributes royalties among all the token holders, eliminating the monetization lag inherent in the current system.

Furthermore, the crowdinvesting option enables artists to raise funds by sharing their rights with fans and investors - similar to record label deals, but on artist?s conditions.

The market power of the majors make for an oligopolic market, where individual artists are forced to enter into highly restraining deals in order to get paid and be promoted.


By creating a marketplace for service providers accepting ETM tokens, we enable artists to directly request only the services they need - be it promotion, video production or managerial advice - and stay independent from majors until they make a free and informed choice to ask for a specific service.

Most of the players in the industry utilize ancient approaches to every aspect of the business - endless approvals and tons of paperwork make negotiations lengthy and expensive.


Although the structure of relations may remain as complex as participants choose it to be, traceable transactions and unified voting mechanics facilitate negotiations among network participants and provides for easier governance experience.

Thus we believe that our project can greatly increase efficiency for most music industry participants, re-enabling competition in the music market and, as a side effect, creating secondary market for IP rights.

How does the system operate?


On the technical side we have a separate blockchain based on Ethereum that utilize a Proof-of-Authority consensus mechanism similar to that implemented by Oracles.org. We use technology developed by Parity and by Oracles Network, as well as our own developments.

Two types of tokens exist within the system - the main token, ETM, that is used as an internal currency for all of the transactions within the system, and track tokens that represent shares in IP rights for a specific track.

Track tokens will be generated for each track uploaded to the platform and will be distributed among rights holders according to the metadata provided by the uploader. These tokens can be further distributed by the rights holders, who will thereby assign a proportional share of the IP rights belonging to them to the new token holder.

A token holder or a group of token holders that own 100% of tokens for a specific track constitute a DAL - a decentralized autonomous label.  All of the royalties paid through the system are automatically distributed among DAL members according to the number of track tokens they hold at the time the royalty is being paid. If a member of a DAL license the music through traditional channels and the royalties are paid in fiat money, he is legally obliged to transmit a share of the royalty proportional to a share of the track tokens held by the other members of the DAL to the bank account of the Musereum operating company, that will use this money to buy ETM tokens and will distribute them among all of the other holders of track tokens. Members of the DAL can vote for specific use of the track and possible licensing terms via the Voting Dapp with the number of votes proportional to the number of tokens they hold.

ETM token will be used as the main internal currency - to buy music tokens and invest in music ICOs, to pay for licenses at the licensing marketplace and to pay industry professionals for the services they render.

A fixed amount of 250,000,000 ETM tokens is generated with the launch of the platform, and additional 25,000,000 ETM will be generated every year. ETM tokens will be initially sold to the public during the token sale, and will be traded at selected cryptocurrency exchanges after that. A fiat gateway will be introduced later for the network participants (corporations mainly) who are unwilling to deal with the crypto stuff.


How to find out more about the project?


If you are interested in the Musereum project, please visit our website, join our Telegram community and Q&A chats, subscribe to our Twitter, Facebook and Medium.

Feel free to read our White Paper and FAQ and stay tuned for the further news!

Links:

Website:
http://musereum.org
FAQ:
http://musereum.org/#rec38949368
About team:
http://musereum.org/team

Telegram Q&A Chat:
https://t.me/joinchat/AxlyZhDrU1JxQeE27eiTVQ
Telegram Community Chat:
https://t.me/joinchat/AxlyZhGvlHZRRImGJuGzVA
Twitter Soundchain:
http://twitter.com/getsoundchain
Twitter Musereum:
http://twitter.com/musereum
Facebook Musereum:
http://facebook.com/musereum
Medium Musereum:
http://medium.com/@musereum
Source code:
http://github.com/musereum

White Paper:

https://drive.google.com/file/d/1ezwsLPgyyY4bro_CK6xFLkjgmKACvxHR/view

https://github.com/musereum/white-paper/blob/master/wp-en.pdf

Testnet:
http://testnet.musereum.org