CRACK UP YOUR MUSICAL EXPERIENCE WITH MAESTRO

elmichaels (1)(1)in #blockchain • 6 years ago

INTRODUCTION

Music is a set of combined sounds that is pleasant and comforting to the ear. The need to listen to music are numerous, some listen to music with the aim of catching a vibe, some to receive information, while some to switch moods, etc. Music is almost a constant sound in everyday life; its on the radios, television, on the background while driving. Music joins an exclusive circle that rivals sports, gossip, art, etc and we humans are involved in every process of the music life cycle from creation, promotion down to releasing and managing.

The main influence of any music is it creators( songwriters and composer). The 21st century music industry is dominated by the digital market which is about downloads and streams. Despite the enormous amount of income generated in the music industry, musicians are Still being milked by labels and production companies. The emergence of blockchain has seen many companies integrate into cryptocurrency but their integrations almost never discuss and tackle the problems of the core music industry.

First, because of the cost of production or creation handled by labels and agencies, there tend to be a poor distribution right structure which sees musicians with a very low compensation after these third parties have sulked up 80% of initial profit, therefore opening a wide value gap. Secondly, with too many hands involved in the production process, unreasonable fees are being charged by the normal streaming services which completely discomfort users. Having said all these challenges, it important to know that Maestro has come to put an end to it.

HOW MAESTRO WORKS

In order to solve these complex issues, MAESTRO is integrating the blockchain technology into the streaming and digital music services. Maestro uses its crowdfunding "ENSEMBLE" feature to raise capital for music creation enabling the fair distribution right or structure amongst all parties involved in the process. Also, Maestro "SYMPHONY" streaming service favors a pay per number of songs listened solution for consumers who uses the Maestro platform to attain maximum pleasure.

MAESTRO

Maestro is a blockchain based music platform built with the aim of restructuring music creation and streaming services in the digital music industry. The purpose of this setup is to reduce the value gap that exist between musicians and compensations after music creation.

MAESTRO SOLUTION TOOLS

The maestro platform is built on EOS.io based blockchain technology that sustains high scalability in the market, has fast superior processing speed to maximize profit for artist and eases consumption fees for consumers. The maestro ecosystem consist of some components as follows:

Ensemble: Crowdfunding
This feature enables registered artist to independently generate funds through Maestro crwodfunding process. A smart contract is generated by artist to completely spell out investors percentage, appropriate allocations and distribution right or structure of all parties involved in the creation of the musical project .This is to enable Maestro to efficiently distribute correct profits according to agreed percentage.
Symphony: Streaming Service
Only verified Maestro users will be able to use this service. For anytime a song is streamed, the Maestro counter uploads this record to the artist account in order to ensure a transparency in amount generated from a particular song. This Maestro feature only charges according to the number of songs users consume at a favorable and discounted rate.
Symphony: Upvote and Downvote Process
This features a "voting chart" which is coalated according to the highest number of songs listened to across the platform, this is to recommend top songs from various artist to Maestro user to ensure maximum pleasure.

MAESTRO TOKEN DETAILS (MAE)

MAE Token is the main currency for the maestro platform. This will be the payment method for users of the platform. Every payment made in the system will be made with MAE. Profit sharing to Investors will also be with the token. Exchanged listing will come after the ICO. This token will be based on the EOS Blockchain

ICO DETAILS