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What’s MUSIC and what does it remedy?
Gala MUSIC (MUSIC) is a decentralised platform constructed utilizing blockchain expertise on Gala’s layer 1, GalaChain. It’s the brand new music vacation spot for artists who’re in search of management, transparency and improved monetisation – and for listeners wanting a extra rewarding expertise that is instantly linked to musicians, entry, occasions, merchandise and extra.
Token Overview
– Token identify: Gala MUSIC
– Token image: MUSIC/USDT
– Max provide: https://www.coingecko.com/en/cash/gala-music
– Circulating provide: https://www.coingecko.com/en/cash/gala-music
Coinstore Itemizing
– Buying and selling pair: MUSIC / USDT
– Commerce time:2023/12/08 10:00（UTC+8)
What are the utilities of MUSIC?
When followers interact with Gala MUSIC by listening, sharing and supporting artists with upcoming and present music releases, they obtain perks, incentives and may earn rewards (MUSIC token).
The MUSIC token is a utility token that may be spent within the Gala MUSIC – All Entry retailer on experiences, merchandise, music and extra. There are different makes use of for the token for instance it may be used to extend the capability of Jukebox Nodes and the quantity of tracks they will host.
What does the challenge ecosystem embody?
There are primarily 5 (5) customers of the MUSIC platform, who profit from totally different options.
1. Jukebox Node Operator – nodes have a 20 hours uptime requirement and may (at the moment) host 10 tracks – these tracks could be their very own, or be owned by a member of the group who has opted in to have them hosted on their behalf
2. Monitor House owners – these are the group of people who at the moment earn $MUSIC, by shopping for a observe and internet hosting that observe on a node, in order that others can get pleasure from listening to it. The variety of tracks accessible per artist tune relies on their artist tier.
3. Artists – each established and new come to MUSIC to monetise their work, interact with their followers, perceive their listeners and management their inventive content material. Relying on how a lot business success they’ve had and the way large their attain is that they enter as a part of a tier system – that begins at Bronze and goes as much as Diamond. Artists earn from the preliminary sale of their tracks, and so they additionally from secondary market, All Entry purchases and by partaking extra with ecosystem and its companions.
4. Followers – followers are capable of hearken to their favourite artists at no cost and are (by means of their listens), capable of entry rewards by means of incomes $MUSIC tokens, that they will redeem on objects reminiscent of merchandise and unique artist content material.
5. Listeners – as a result of the MUSIC ecosystem is designed for the mass market, MUSIC has launched an app referred to as STGE, this together with an optimized cellular website implies that informal listeners can stream free, with no adverts, whereas artists and people who personal and host tracks benefiting from these performs.
MUSIC Official Media
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