Inmusik: Taking The Music Industry A Notch Higher
We absolutely cannot live without music. German Philospher Friedrich Nietzsche even once said, “without music, life would be a mistake”. Another strong influencer, Hans Christian Andersen, well-loved for his fairy tales, said this of music, too, “where words fail, music speaks”. The thousands of other quotes about music that can be found in the internet’s virtual library, boil down to the same message, “music is life.”
Sadly, though, the music industry is no longer as vibrant as it used to be. Perhaps, we can even say that it has stagnated. True, it has significantly evolved through the years, with online music streaming now making it possible to enjoy music online, but it is “not all roses” anymore for the industry as it faces numerous issues, the most heartbreaking of which is the unequal distribution of revenues. This is because the business, despite having already employed modernization techniques, is still largely centralized, allowing music labels, and production companies to eat a much larger portion of the pie than the artists themselves.
Times are changing, demanding more flexibility, greater transparency, and higher efficiency, to name a few. The music industry, in its current centralized structure, is prone to inefficiencies and unable to deliver these demands.
It’s time to break the barriers, then. It’s time to bridge the gap among music labels, production companies, artists and their fans. It’s time to move the industry to a decentralized platform. It’s time for Inmusik.
Inmusik is a decentralized ecosystem created to resolve issues in the Music Industry. As many of these are due to the centralized structure, the most obvious thing to do is to decentralize the processes. And this exactly what Inmusik is all about. It will put the Music Industry on a decentralized platform, which will benefit all players in the ecosystem - the music labels, the artists, and even the fans - wherein each one will be incentivized in a fair and transparent manner.
The Fans and Music Listeners
Fans are incredibly important to the Music Industry; this much we know. But this does not even entitle them to have a voice in the industry. Fans do not define where the industry goes. They just wait for things to happen and accept them as they are. Most of them, in fact, do not listen to new music anymore. Either because they do not have the time for that or they do not feel motivated enough.
With Inmusik, though, fans, assume a more proactive role. For the first time, and only here at Inmusik, they are made part of the ecosystem. This is a huge transformation for them as they become empowered to provide the direction of the industry. They become like shareholders, with the ability to vote for the best song or the best artist. It’s like they co-own the company. They can set the direction for the artist. Moreover, with Inmusik’s Quick Play Discovery feature, fans are motivated to listen to new music and help the content gain popularity. And this is not yet the best thing you’ve heard; fans also earn token rewards for doing this and for simply participating in the platform, even if it is just a simple thing, like listening to music on Inmusik.
The Artists and Musicians
The Inmusik platform is ideal for artists and musicians, especially those who are not yet enjoying a huge fanbase because its decentralized nature enables it to have a global presence. They are now “within reach”, literally. Fans can easily reach out to them, and even interact with them. The integrated smart application makes it easy to find and vote for artists and musicians, thereby increasing their popularity by folds. And they are incentivized for this, as well, earning token rewards for upvotes, and for generating content. Artists and musicians can expect just and fair payouts, tantamount to their contributions. This is the platform that will pave the way to stardom.
Publishing and Production Companies and Music Labels
Tasked with the publishing and production of musical content, Music Labels often face inefficiencies in copyright management payment issues. But banking on blockchain technology, this time, Music Labels are able to eliminate the inefficiencies, resulting to better management, as well as faster and automated payouts. Likewise, the Inmusik platform provides an avenue for Music Labels to find great talent in the platform.
Here are the four main features of Inmusik:
The main player in the Inmusik platform is the Sound Token. By enabling a system that’s fair and transparent, the cryptocurrency is able to save the Music Industry from further degradation. The token is the motivating factor driving the creation of quality music content. But because the token’s value can rapidly change, Inmusik has developed Inmusik Cash (IC), which has a fixed value, to stabilize it, thereby securing the sustainability of its business model.
We can expect the blossoming of the Music Industry as everyone is rewarded for listening to music, writing music, and publishing music.
Token Details:
Token Name: Sound Coin
Token Symbol: SOUND
Token Type: Ethereum ERC20
Total $OUND Tokens Issued: 400,000,000
Token Price : 1 ETH = 10,000 SOUND
For more information, visit the following pages:
Whitepaper: https://inmusik.co/wp-content/uploads/2018/05/inmusik-wp-v1.1.pdf
Website: https://inmusik.co/
Telegram: https://t.me/inmusik
Twitter: https://twitter.com/InmusikOfficial
Facebook: https://www.facebook.com/InmusikOfficial/
Medium: https://medium.com/@inmusikofficial
Bitcointalk User: Kalikanan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2079149