Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I'm going to introduce you a new cryptocurrency based project called Muzika Network
What is Muzika?
Muzika is a progressive coin economy that will reshape the global digital track industry. From a number of sides, Muzika revolutionized the track enterprise by using building an impartial and proper digital music ecosystem that will:
- Eliminating pointless intermediaries
- Empower musicians and consumers
- Decentralize the electricity of distribution
- Restoring the monetary stability of distribution among market participants.
Muzika holds the promise of the future where compensation for music creation is proportional to the effort and dedication put into the innovative process.
The Challenge
Musicians and fans are the real value creators in today’s music industry,but they are not properly rewarded for their value creation.
- Musicians are starving. Everyone listens to music, more people pay for music, but artists are still not making money.
- Fans (that’s us) are still pigeonholed as consumers, though we are the ones who actually make super-stars! We devote our time and effort to vote, make cover songs, go viral, and even write fictions for our favorite artists, but no one rewards our effort and devotion.
- Intermediaries (distributors and platforms) are making excessive profit for one time and unsophisticated tasks of ‘transferring’ the ready-made values.
Muzika will bring innovation to the value chain in digital music industry: We will reform how value is created and captured by various players within the industry. We will return rewards to those who create the value, from those who merely transfer the value, while recovering the share lost from digital piracy through blockchain technology.
How Muzika will revolutionize the music industry ?
Muzika builds an ecosystem which is driven by artists and their fans who are rewarded for the level of dedication and devotion put into music creation and consumption.
Muzika is getting ready to reverse the sad fact of the digital music market today. From A to Z, we will alternate the digital tune enterprise and redefine the role of market players involved, which include consumers and musicians. The Muzika Coin (MZK) will serve as the only medium for all transactions and exchanges needed in new ecosystems, triggering a paradigm shift in digital song industry.
From the a variety of troubles and solutions provided by way of Muzima, I courageously invite you with this breakthrough project. I am sure, that I, you and all of us will sense the benefits in the back of the sophistication and greatness that Muzika has applied in the transformation of the digital track world.
The main features of the project:
We will reform how value is created and captured by various players within the industry. We will return rewards to those who create the value, from those who merely transfer the value, while recovering the share lost from digital piracy through blockchain technology. Muzika will create an autonomous, self-sustaining ecosystem driven by artists and their fans in tandem, where compensations and rewards will become proportional to the level of devotion put into musical creations and ecosystem behind them.
- Smart contract will allow digital musical products to be transferred directly from artists to fans, ensuring fairer and more transparent economic distribution.
- Fans will be rewarded with loyalty points for their various community activities, which will be regularly converted into MZK coins - the sole medium of exchange for all economic activities in the ecosystem.
- Fans will have opportunities to make direct sponsorship to their favorite artists, supporting them and receiving exclusive benefits in return.
Token Metrics
The main currency for exchange on the platform, including trade and investment, will be the MZK internal token — the ERC-20 standard token based on the Ethereum blockchain.
It will also serve as a means to build an autonomous ecosystem, means to buy goods and services and for many other functions.
- Token: MZK
- Standard: ERC20
- Main sales: 205,000,000 MZK
- Total will be released: 1,000,000,000 MZK
- Hardcap: 20,000 ETH
For more information, please follow the links below:
Website: https://www.muzika.network/
Whitepaper: https://www.muzika.network/assets/mzk-whitepaper-en.pdf
Twitter: https://twitter.com/muzika_official
Telegram: https://t.me/muzika_english
Facebook: https://www.facebook.com/muzikanews/
Reddit: https://www.reddit.com/r/muzikaofficial/
Thank you for watching
Author: thedinh96
My EtherWallet: 0x255ed64a84ae3e16dd859c4aa070384f2addf0fc
Bitcointalk Account: https://bitcointalk.org/index.php?action=profile;u=1692254