SHOWCASING A DECENTRALIZED MUSIC STREAMING PLATFORM, IT IS CALLED FLUXORIN

in #fluxorin6 years ago (edited)

FLUXORIN happens to be a technology which is built on the blockchain to help put an end to the problem of artist royalties and payments. It hopes to provide transparency to the complicated chain of rights ownership and the use of digital distribution of music.
It will also provide a new model of music through the Decentralized Autonomous Labels.

MUSIC PIRACY WITH THE EVOLUTION OF TECHNOLOGY.

The evolution of technology which helped musicians in a lot of ways by bringing up a high increase in the knowledge of artists, has as well in a large way caused musical piracy.
It has been observed that global music piracy caused by technology causes an economic loss of $12.5 every year, it as well causes a job loss of 71,060 U.S rate, and there was as well discovered loss of $2.7 billion in the earning of workers and a total loss of $422 million in tax revenues, there is also $291 million in personal income tax and also it was discovered as well that there was $131 million in lost corporate income and production taxes (RIAA Web Site FAQ).

THE POWER BEHIND MUSIC SAMPLING AND SHARING.

Sampling can be termed as a truth-revolution mechanism because this is used to know how much a customer values the music. The sampling can turn into a decreased revenues for a particular artist and for the label of the pirating if the customer has a customer has a little vested interest in the artist.

THE USE OF MODEL IS FAILED.

The ability to try to use model has failed because the model is doomed by itself, not just because of its legal breach, but musicians’ benefits were totally annihilated so it became a system that was not sustainable.

FLUXORIN’S APPROACH.

FLUXORIN will use an approach of peer to peer storage and delivery technologies, it will allow any music in question to get properly published and distributed in a much higher quality as this will help to share playlist with friends on the network while costs is kept down.

THE ADVANTAGES OF FLUXORIN.

• It will be a transparent system.
• It will make use of DLA which will help in distribution.
• It will carry out a lower operational cost.
• It will carry out proper allocation of royalties.
• It will make use of a p2p file sharing and delivery networks.
• It will employ a sharism model.

THE AVAILABLE OPPORTUNITIES IN FLUXORIN.

FLUXORIN offers a great opportunity for large stake holding groups. FLUXORIN will be a designed system for musician and listeners, and at the end of the day, it will eventually provide benefit to the entire industry and even traditional players.
Diversified demands from the network will be built by start-ups on innovative technologies and services upon FLUXORIN system.

THE FLUX TOKEN.

The flux token is the major key of the FLUXORIN network, it is with this token that labels, artists, band members and other entities involved in creative processes will be rewarded and they may be as well exchanged with other altcoin or even for fiat at current exchanges.
Listeners will have the ability to get music with VBT and as well get the ticket to a musical concerts, shows and tours using the VERBERDIN network by getting it from exchanges or local vendor (holders)
The name of the token will be The Flux Token.
The Token Sym will be Flux.
The VBT will be issued on the ethereum platform following the accordance with an ERC20 model.
The total supply that will be distributed will be 702,000,000.
The platform will be ERC-20.
The wallets that will be compactable are those wallets who will support ether and they include jaxx, myetherwallet.com and an ERC-20 compliant.
The available token for sale will be 372,000,000

• Every token left unsold will be burned.
• There will be a destruction of 25% of coin earned from the company.
• 48hrs after the main sale, the tokens will be distributed.
• An exchange wallet is where contributions will be made from.
• Individuals should endeavour to put their ERC-20 wallet wherever it is required.

DISTRIBUTION OF TOKENS.

53.7% will be given up for sale.
25% will be left as reserved for the team members, advisors and contributors.
10.7% will be left in reserve.
6.6% will be made available for pre-sale.
4% will be left as reserve for bonus and bounties.

HOW THE FUND RAISED WILL BE DISTRIBUTED.

• Team salary, new hiring external consultancy, development of application and administrative expenses will be covered by a total of 51%.

• Marketing expenses will be covered by 16%.

• Operational expenses will be covered by 11%.

• Legal expenses will be covered by 15%.

• Security expenses will be covered with 7%



Source:

Website: https://www.fluxorin.io/
Whitepaper: https://www.fluxorin.io/wp-content/uploads/2018/05/FLUXORIN.pdf
Facebook: https://web.facebook.com/fluxorin.io/
Twitter: https://twitter.com/fluxorin_io
Telegram: https://t.me/FluxorinICO
Reddit: https://www.reddit.com/user/FLUXORIN
Ann: https://bitcointalk.org/index.php?topic=4361686.0

Authored by: geeboy88
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1874835
Eth Address: 0xdcef7d27bbaae609accdaf43ccf41b042beaffb4

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man... IMO, they really coulda chosen a better name.

"FLUXORIN" sounds like some kind of drug or toothpaste. lol!

Thanks for sharing this @gbenga. The name sounds medicinal so at first i thought you were gonna write on health or science related topic until i read further.

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