FLUXORIN Platform: solving artist royalties and payment problems through Blockchain Technology

governor2023 (6)in #blockchain • 6 years ago

The advent of cryptocurrencies through the Blockchain technology and the unraveling of financial problems and its likes, and the revolutionalization of the bureaucratic and parochial system of traditional system business. The decentralized nature of Blockchain Technology eliminates the hitches faced in the traditional system because of its transparencyand accountability. As the wave continues, the music/entertainment industry which have seek for a platform that can solve their royalties and payments woes, can now smile because the long awaited platform is here. “Fluxorin”. www.fluxorin.io

What is the FLUXORIN?
Fluxorin is a decentralized system for the publication and consumption of music, which combines a cutting-edge crypto currency and provides with a very important mission to unlock the potential of human creativity by giving millions of artistes the opportunity to live off their art and billions of fans the opportunity to enjoy and be inspired by it. FLUXORIN is a Blockchain technology driven platform that aimed at solving the problems of artist royalties and payments by providing transparency to the chain of rights ownership and usage in the digital distribution of music, as well as offering a new model of the music creation process via the Decentralized Autonomous Labels. In Fluxorin Platform, Start-ups can build more innovative technologies and services upon system to meet diversified demands from the network; Hardware makers can create tangible and wearable smart gadgets to extend the glory of musical devices in our cultural legacy. Big open data on FLUXORIN blockchain can also lead to more intelligent music recommendation. Based on this system, Artificial Intelligence can help play more and more important role to help users to discover music based on their taste, which is learned by the machine. It can be very personalized because every playback history will become the foundation of more accurate recommendation in the next.

Challenges of the music industry
Royalty
Plagiarism
Piracy:
Bluetooth
Xender
Flashshare
Sharing websites etc.

Benefits of Fluxorin platform
Transparency
Use of DLA which helps in the Distribution
Low operational cost
Proper Allocation of Royalties
Use of P2P files Sharing and delivering network
Employing the Sharism Model

Fluxorin Token Production and Distribution
FLUXORIN will generate fund in the Blockchain community through the sale of Flux Token. Flux Token is the key element of the FLUXORIN network with which the labels, the artists, band member and every other entity involved in creative process will be rewarded which may be exchanged with other altcoin or for fiat at the exchanges. The listeners will be able to purchase music with VBT as well as buy ticket to musical concerts or shows or tours on the VERBERDIN network getting it from the exchanges or local vendor (holders).

Token Name: The Flux Token
Token Sym: Flux
The VBT will be issued on the ethereum platform in accordance with the ERC20 model.
Total Supply: 702,000,000
Platform: ERC-20
Compatible wallets: All wallet supporting ether, they include: jaxx, myetherwallet.com and ERC-20 compliant
Token Type: Utility Token
Total Available for Sale: 372,000,000

Token Distribution

53.7% will be offered for sale.
25% will be reserved for the Team members, advisors and contributors.
10.7% will be kept in the reserve
6.6% available for Private Pre-sale
4% will be reserved for bounties and bonus.
Fluxorin Blueprint