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Author Topic: [ANN][MUSICOIN] Musicoin reaches 1,500 mark for verified artists! 🎸🎸  (Read 240176 times)
yummyberries
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February 03, 2017, 03:25:39 AM
 #1



ATTN: With the exception of Isaac Mao, the original team members had left Musicoin on May 2017. Since then, new team members have joined and continue to help build this project.






  • 10/15/2017        Chapter VII:  Official support of $MUSIC in Parity wallet 1.8.0

  • 09/09/2017        Chapter VI: Preparation for UBI hard fork

  • 08/01/2017        Chapter V: Announcing $MUSIC Alliance

  • 07/03/2017        Chapter IV: Musicoin partners with MiQ Group to explore the next generation of music experience

  • 05/22/2017        Chapter III: Musicoin joins Enterprise Ethereum Alliance as key member of the music industry

  • 04/03/2017        Chapter II: Global $MUSIC Repertoire

  • 02/11/2017        Chapter I: World’s first smart cryptocurrency for music







What is Musicoin?

Musicoin is a decentralized platform that leverages the power of blockchain technology in empowering musicians to take full ownership of their content and finances. Our platform is built on a transparent Peer-to-Peer network powered by programmable smart contracts to enable fair remuneration for all musical content and services.

Our Pay Per Play (PPP) smart contract aligns with a musician’s intuitive expectation of a payout, from each single stream of their content. PPP is a smart contract on the Musicoin blockchain that enforces and executes licensing terms to instantly reward musicians with $MUSIC (native currency of the Musicoin platform) per playback. Payments are done in a fair and transparent fashion, and can be automatically divided and distributed to all contributors, such as band members, songwriters, and producers. No intermediaries are required to facilitate payments other than the public ledger of the Musicoin blockchain. Musicoin will leverage the power of blockchain to bring about an equitable environment that is currently lacking in the 100-year-old music industry.


Musicoin’s Pay Per Play (PPP) Model of royalties distribution.

Furthermore, removal of intermediaries has allowed Musicoin to transfer most of the value generated from music to the musicians. Below is a comparison table of per stream payouts (in USD) among existing streaming platforms, including Musicoin. As you can see, Musicoin does not distinguish between signed and unsigned artists and pays its musicians at a rate that is at least ~286% higher than its closest competitor, Spotify.


Per Stream Rates from existing streaming platforms in 2017.


UBI Economic Model

Universal Basic Income (UBI) is a recent implementation of a new economic model on the Musicoin ecosystem. A UBI pool is created to secure musicians’ income from PPP on the platform, at a fixed rate that is fair, uninfluenced by market forces and higher than that of any other competing streaming platforms. The rewards from mining are split into the following, 79.6% of each block rewards goes to miners, 15.9% goes to the pool, and 4.5% goes to project development.

By following the UBI model, this will boost the influx of content from musicians as well as make streaming music free for listeners, thereby ensuring deeper penetration of Musicoin into the streaming market. Unlike other streaming platforms, users on the Musicoin platform will be able to stream songs for free and without ads. Free and unlimited music streaming without ads is the critical feature that will distinguish Musicoin from centralized streaming platforms, allowing us to expand radically and capture a bigger share of the streaming market.

Further information on this model is explained in our latest white paper, as well as on Steemit and YouTube.




DJ Deadly Buda and Isaac Mao at Berkeley, California.


Musicoin Platform (Beta Stage)


Musicoin's music catalog already filled with a diverse range of songs and genres.



Public musician's profile with personal introduction and social media linkage.



Individual song page where musicians and listeners can communicate and tip each other.



Musicoin's first embedded player is now functional on Twitter.



Share your favorite song on external platforms by using our embedded player source code.



Our long-term vision is to develop an open ecosystem where outside providers can build music related goods and services on top of the Musicoin blockchain. It is the first step of building a flourishing Musicoin economy (Musiconomy). The Musicoin blockchain act as a foundational layer that will support many new layers of third-party innovations and applications — from tools to allow musicians to release their music onto the blockchain, to apps that allow listeners to discover new music, to new gadgets that plug into Musicoin directly — allowing listeners to enjoy music when and how they want, while still ensuring musicians are compensated for each and every play.


Secondary layers of external applications (from Middleware to Apps) within a Musiconomy.

Going forward, we will design, implement and deploy network-wide algorithms that are going to bring tremendous utility and value to this blockchain. Our recently released public roadmap explains our objectives regarding future iterations of the Musicoin blockchain. We aim to continually make our blockchain more Stable, Sustainable, Secure, and Scalable (4S). Each of these 4S goals strives to establish Musicoin as a viable and attractive alternative to the current ineffective models of content creation and distribution in the music industry.





Getting Started


Account Creation & Song Uploads



Wallets

IMPORTANT: Please do not transfer directly to exchanges from online web or mining wallets. This has been a common issue in the Ethereum community where the coins are stuck in a wallet address 0x00...0, preventing recipients from receiving coins on their end. If you encounter this issue with an exchange, please contact them for resolution. For next time, please transfer directly from your local desktop wallet, parity wallet, or MyEtherWallet instead.





** Wallets currently supports windows and linux only.

Note: If you transferred your coins to your desktop wallet and it did not show, please wait until your wallet is fully synced with the latest block number. You can check the latest block number on the bottom right corner, as well as on the orbiter explorer at https://orbiter.musicoin.org or https://explorer.musicoin.org.



Mining Pools

IMPORTANT: Do not believe in pools that offers higher payout than the block reward, it is usually too good to be true. What they're doing is vetting more than 50% majority of hashing power for their self-serving agendas. For delayed and missing payout, please contact the appropriate pool owner to follow up.



 

Exchanges






In The Press










Connect With Us




Musicoin is a standalone cryptocurrency with its own blockchain as the public ledger. It started with no ICO nor pre-allocated any funds to project development. Instead, 100% of the coins are mined by the community from day one. Musicoin is a forked coin of Ethereum. Which means, it was built and iterated from existing technologies of Ethereum blockchain to suit the unique requirements of servicing the music industry. Having a separate blockchain for Musicoin allows us to maintain low transaction fees, and grants us the flexibility to create our own set of conditions within the code-base. In the future, Musicoin will experience the Ice-Age as well as the benefit of Ethereum's scaling technologies, Plasma and Sharding.

Project Launch: Feb 11, 2017
Pre-Allocation: None
System Protocol: Proof-of-Work
Hash Algorithm: ETHash
Network ID: 7762959
Currency symbols: MC or $MUSIC
Total Coin Supply: Uncapped
Coin Emission: 1.5 million MC/day
Average Block Time: 15-30 sec/block
Block Reward: 314 MC
Halving Reward: None
Smart Contract: Enabled with EVM

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February 03, 2017, 03:30:36 AM
 #2

welcome to the forum Grin
i suggest you must add more good graphics that will catch the attention of the readers and fill it out with more essential informations needed or might ask you by the traders and investors and if you are planning to have an ICO, make sure to get some trusted escrow.

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February 03, 2017, 03:32:23 AM
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musiccoin had  existed
_nur
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February 03, 2017, 03:34:57 AM
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any website?
yummyberries
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February 03, 2017, 04:02:48 AM
 #5

Thanks all, the white paper: 

https://medium.com/@musicoin/musicoin-free-creations-while-rewarding-creators-2832f7d2bd33#.kfb5w5vlm

re: coin_trader, sorry it's embarrassed I'm not being able to post image yet as newbie to this forum.



what do you mean?
Musicoin.org is under our development, not from others.

musiccoin had  existed
stoner19
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February 03, 2017, 04:30:21 AM
 #6

AudioCoin and Aurovine have been working on a similar concept for quite some time now and the team is busier than ever before with about a dozen new things in the works. May be worth looking at their projects before you get too heavily involved in this...
yummyberries
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February 03, 2017, 05:11:05 AM
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AudioCoin and Aurovine have been working on a similar concept for quite some time now and the team is busier than ever before with about a dozen new things in the works. May be worth looking at their projects before you get too heavily involved in this...

Thanks for sharing, sadly they are not in long term commitment. We believe Musicoin has totally different concept than a coin, it's linking to music playback, which is called PPP(Pay-Per-Play), means every music consumed with a coin.  We dedicate to this project from since months ago, the blockchain is just a first step. A full stack of middleware and applications are in queue.
stoner19
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February 03, 2017, 04:39:15 PM
 #8

AudioCoin and Aurovine have been working on a similar concept for quite some time now and the team is busier than ever before with about a dozen new things in the works. May be worth looking at their projects before you get too heavily involved in this...

Thanks for sharing, sadly they are not in long term commitment. We believe Musicoin has totally different concept than a coin, it's linking to music playback, which is called PPP(Pay-Per-Play), means every music consumed with a coin.  We dedicate to this project from since months ago, the blockchain is just a first step. A full stack of middleware and applications are in queue.

On the contrary, they most certainly are a long term project/commitment/business. Either way, best of luck to you with your project.
sanas
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February 03, 2017, 04:51:50 PM
 #9

Make your first page more attractive, it looks like a schoolboy prank. The more information, the more you will have attention and fewer questions.

.cashaa....█████
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doktor1897
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February 04, 2017, 06:57:43 AM
 #10

add some information will make people ask what the purpose of this project. as if seen from a cursory enough to attract attention.

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February 04, 2017, 06:59:49 AM
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musiccoin had  existed

lol it's MUSI COIN

not

MUSIC COIN

 Grin
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February 04, 2017, 07:49:10 AM
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Is Musicoin (the codobase) based on Bitcoin?
yummyberries
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February 04, 2017, 08:30:31 AM
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Thanks, guys, we are going to release the newly designed page. So far, it's more technical. 

Btw, it's not based on Bitcoin, but Ethereum mutant.



"Pay-Per-Play(PPP) is a social consensus to enable a close circuit between the pair of music sharing and consumption. The design is based on [Sharism Philosophy](https://en.wikipedia.org/wiki/Sharism). With PPP, musicians can publish their musical works with a smart contract, which will be triggered by any request of consumption and complete a payment to musician based on the terms. PPP regulates how musical works are licensed and paid to creators, and eventually scale up to be a music economy(aka Musical Economy).

Backed by PPP, Musicoin will be a valuable currency bonded with music consumption. So the value of Musicoin will be assured and stabilized by demands. Since the default PPP payment is one coin per playback, the coin price will prone to be 0.01USD/coin(in today's music stream price in music industry). " --- https://github.com/Musicoin/Introduction/wiki/Pay-Per-Play(PPP)
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February 04, 2017, 08:49:49 AM
 #14

are you going to establish a site in which we can play your songs and we can earn some of your coin as the method of pay-per-play?
aside from that, what are your method of distribution, are you going to have an ICO? if yes then get a trusted escrow.

yummyberries
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February 04, 2017, 01:17:23 PM
 #15

are you going to establish a site in which we can play your songs and we can earn some of your coin as the method of pay-per-play?
aside from that, what are your method of distribution, are you going to have an ICO? if yes then get a trusted escrow.

Soon the next release will be a site call Music Catalog to include all listings of music.  Users can play and tip the musicians, and/or individual songs.  

No ICO, since there's no pre-allocation. The first day of genesis will be open to every miner equally.
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February 04, 2017, 02:02:14 PM
 #16

Very nice project planning for a fair lunch and website seems really getting ready for the general masses which is one key to success. As I understand this is a self-funded right? You aim to let world understand the new paradigm model-sharism, which mechanism easy to explain. So I guess you just need much social media exposure and transition for non-crypto people. Goodluck and hope early stakeholders get in.

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yummyberries
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February 05, 2017, 10:48:53 AM
 #17

Very nice project planning for a fair lunch and website seems really getting ready for the general masses which is one key to success. As I understand this is a self-funded right? You aim to let world understand the new paradigm model-sharism, which mechanism easy to explain. So I guess you just need much social media exposure and transition for non-crypto people. Goodluck and hope early stakeholders get in.

thanks, it's now self-funded project, we definitely need some more resources to expand it's influence, but money making is not first goal for sure. Please kindly help spread the word.
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February 05, 2017, 03:29:05 PM
 #18

Very nice project planning for a fair lunch and website seems really getting ready for the general masses which is one key to success. As I understand this is a self-funded right? You aim to let world understand the new paradigm model-sharism, which mechanism easy to explain. So I guess you just need much social media exposure and transition for non-crypto people. Goodluck and hope early stakeholders get in.

thanks, it's now self-funded project, we definitely need some more resources to expand it's influence, but money making is not first goal for sure. Please kindly help spread the word.

Yes why not, I've already bookmarked and followed this on twitter. Hope in a month or two you can allocate some musicoins for campaigns because thats one of best tool here for promotion.  Smiley

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Trade  Whitepaper  Bounties    ▬▬▬
Connect and Create
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Loepuenkyou
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February 05, 2017, 03:39:25 PM
 #19

no premine no ico no bounty i think is good coin
but without bounty very dificult can develop community user
yummyberries
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February 06, 2017, 01:15:12 AM
 #20

What is the usefulness of this coin? How it can make life easier in the future? Why is it necessary to buy or possess it?
If the answers to these questions, you can buy one or the other token, but I do not see any answers to my questions in MusicCoin, as a result, I will not buy it, it's useless coin

two aspect to answer this: 1. the blockchain featured a less-fluctuated value of the coin since it's backed by music playback. People would not value it too high or too low, but fairly paid.  2. The integration is seamless from blockchain to use cases, which is surrounded by middleware and public APIs. So mobile apps and even IoT devices can access the transactions easily. 

It's not a coin for speculating, but for consuming, which is different but based on personal interest to choose it or not.
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