Imusify, The completely decentralized music market.

cham1 (32)in #ico • 6 years ago (edited)

Introduction

The gradual transition to digital media has shown that many content creators earn very little on their work. At present, content creators suffer from the exploitation of their work by intermediary organizations, because of the existing inefficiencies in the modern centralized music system, they have to cooperate with firms that receive huge profits from selling the results of people's creativity. In addition, the industry lacks transparency, this initially led to a decrease in revenues, inefficient licensing processes and an incorrect concept of copyright. Artists are struggling to get a fair and steady income, but they are very difficult to do this, given the huge number of global intermediary companies.

Another problem facing the music industry is the problem of communication between buyers and artists. Global companies offer their services, thereby reducing the value of ideas of different authors. A lot of quality content is lost on the Internet. It is worthwhile to consider in more detail the existing problems in order to understand the need for such an innovative platform.

Watch this explainer video:

Problems to be resolved after the project is launched

Inefficiency of centralization

The rapid transition to digital media has led to a reduction in profits for artists. Today, content authors who want to earn money necessarily use the services of intermediaries, which is a rather inefficient approach to monetizing their creativity. The lack of transparency within the system has led to loss of revenues, improper transfer of property rights and inefficient licensing processes. Artists are struggling to get a fair and steady income, but large organizations continue to grow and will receive unfair portions of income through the use of content created by unknowable artists.

Communication Problems

Music is more accessible to global users than ever before, but the gap between music creators, co-authors and shareholders is growing, now it is difficult to honestly exchange ideas and resources, there is a need for reform of this segment.

The solution

Fully decentralized music database

imusify uses a combination of innovative protocols and frameworks to simplify the direct interconnection between artists, fans and other interested parties. The platform combines the best practices of traditional crowdfunding, streaming, multimedia exchange, economic and social networks. Thus, imusify eliminates the need for existing intermediaries, eliminates inefficiencies, ensures transparency and ensures that everyone will be rewarded for their contributions. Examples of uses include graphic representation, transparent royalty payments from authors, stimulated content, open source development, and networking.

What is Imusify?

Imusify wants to create a completely decentralized music market that will provide a solution to these and many other challenges facing artists in the music industry. Using innovative protocols and frameworks, Imusify will facilitate direct peer-to-peer communication between artists, fans and other interested parties.

How Imusify will use blockchain technology to help its users

The platform will integrate best practices of streaming, file sharing, multimedia sharing, social and economic networks. This will end the need to use the services of various intermediary organizations. It will also ensure transparency, eliminate inefficiency and ensure that each author and other service providers are rewarded in accordance with their contribution. Some of the uses of the platform services include graphic representation, stimulated content creation, transparent royalty payments, network collaboration and open source development.

The platform has an easy-to-use interface. It will also use neo-python as an intermediate middleware for communication between the user interface and the intellectual contract. Imusify is set to revolutionize the global music industry, and it will free fans of music, musicians and musicians from problems with intermediaries and a significant loss of revenue.

Functions of the platform

Audio Player
Users can download songs, podcasts and audiobooks among other content that can be distributed and distributed on the platform or from the outside.
Curate
Users can vote for content that will ensure the preservation of good and removal of bad content. Users receive reward in IMU tokens when they participate in ensuring that the content provided by Imusify is of high quality.
Creating Channels
Users can create their own channels with playlists that are based on different themes and tags. Users can also invite other people, both from the platform and from outside, using e-mail so that only invited participants have access to the channel.

Imusify IMU Token & ICO Details

IMU Tokens will be used as a support mechanism for the multi-level decentralized music economy Imusify. This will increase the demand for the token, since the token will have many uses throughout Imusfy's infiltration in the industry.

Total Token Supply: 1,000,000,000 IMU
Softcap: $1,000,000
Hardcap: $25,000,000

token sale discounts.JPG

The platform has a smart system of compensation and compensation, in which users are rewarded for contributing to the system. Token will also be used as a currency for the exchange of digital services and assets. Token will be used to establish trust and transparency between fans, authors, service providers and supporters. This will create a bright ecosystem.

How to get and IMU?

Part of the total delivery of the IMU will be available through token to finance the development and launch of the imusify platform. To request a place in the token, please join our whitelist.

Advantages of the platform

Here you can briefly understand why using the platform will be really interesting and profitable.

Crowdfund - an excellent opportunity to provide substantial financial support to your favorite music project.

Support your favorite artist by using the internal platform tokens. This approach allows authors of content to receive promptly remuneration for their work.

Discover new music. Performers of various categories will be represented here, each will have an excellent chance to discover new facets in the world of music.

Stream your favorite tracks, create playlists to constantly enjoy high-quality music in your favorite genre.

Cooperate with anyone, there are no restrictions or intermediary organizations that will require a certain commission for cooperation with artists.

Get exclusive tickets for the show, young teams of artists will be able to attract new fans, using the platform's capabilities for this. In some situations, to get tickets, it's enough to simply vote for a particular song;

Pay for your creative services, project users can also expect to receive remuneration from the administration, for this you need to actively participate in the content evaluation.
The developers of the platform want to create a project that will allow people to enjoy really high-quality music, at the same time, musicians will have to try to get a reward. Users will be able to vote for the projects they like to support them and weed out poor-quality content. Any rewards or transactions are executed using the local currency of the resource. Today, tokens can already be purchased - developers are doing everything to attract investors and further planned development of their unique platform.

Conclusion

Currently, Concept (PoC) speaks in favor of the new project, it demonstrates two main functions that the full platform will contain. Using the testnet IMU, the content saturation is rewarded at a basic level, distributing 1 IMU to each user for every message they like. In addition, there is a function of crowdfunding, where users can create campaigns and receive IMU from supporters to fund their projects.