After the big Crypto-Boom in 2017, the amount of ICO and Token Sales has surged exponentially. According to icotracker.net, there are literally thousands of ICO’s and Tokens out there. Knowing which ICO or Token to invest in could potentially be a huge headache for many uninformed investors. Understanding which ICO’s would potentially grow into sustainable companies and which ICO’s would be worth investing is crucial to the investor’s return on investment (ROI).
Many ICO investors neglect to see an ICO as an IPO. An ICO “Initial Coin Offering” and an IPO, “Initial Public Offering”, is similar in many ways. When a company goes public with an IPO, before you invest, you would research the company. You would look at the stakeholders (Founders), the company’s assets, its market share, growth potential and much more. It seems like most people forget that when looking at ICO’s, they are blinded by the whole “Get Rich Quick” trend, and thus they ignorantly invest in ICO-Traps.
ICO Investors should consider the following:
- How capable is the team, who are they?
- What is the ICO about?
- How does the Ecosystem work?
- How will the coin be utilized?
- How would funds be distributed?
- How are the tokens being allocated?
- How in depth is the Roadmap?
- How does the Referral or Bounty Program work?
- How strong is the Community?
- How secure is the system? (Internet Security)
Of course, there are more to look for in an ICO before even considering investing, but exploring these 10 points will most definitely protect you from most scrap ICO’s out there.
Muzika was born in Seoul from the idea of three young Koreans, Inseo Chung, Sangmin Heo, Jangwon Lee, included by Forbes in Asia’s Top 30 under 30 ranking dedicated to innovators from various industrial sectors.Before dedicating themselves to the Muzika project, the three young entrepreneurs created the web platforms Mapianist, MyMusicSheet and KpopPiano, which, according to the press release, have about two million active users and 17 thousand registered music artists from 150 countries.
Muzika Studio v0.1.0 (2018.09.20) is already available for download MAC, Windows, Linux.
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.
More engaging and rewarding
Muzika platform will revolutionize the production, distribution, and consumption of digital music. With the support from Ontology (one of the well known and respected blockchain projects in the crypto community), Muzika will be able to introduce blockchain technology in its platform and build an integrated platform which aims to connect artists and fans directly hence increasing the artist’s profit and fans get rewarded for participating in community activities like consumption | sharing | brainstorming in music creation, hence creating a more engaging way for fans to connect with artist and vice — versa.
Muzika platform will also help to defend artist creativity.Protecting all elements of an artist’s creative work from being leaked online in the run-up to its release is a key focus for record companies. Criminal organizations
seeking to profit from illegally obtaining the record before it is fully ready for release jeopardizes the work of artists.
Use of blockchain platform will save music, content and its related information (e.g. artist, date) to be securely saved in the blockchain and share music securely, and ensuring only the agreed recipients are accessing it.
Independence. After the final creation of the platform for all users comments, reviews, analytics and reviews will be available.
On the platform, the market for musical instruments and services will be available to users.
Each user can invest in a musician whom they like to listen to, and as a reward for their sponsorship, they will be given some advantages on the platform that will be available only to sponsors.
Competition programs for performers. Muzika platform developers plan to encourage a large number of performers to participate in these competitions, so talented artists will be found.
Live broadcasts of concerts.
The Platform Ecosystem
The developers plan to create an independent, self-sufficient ecosystem in which the main actors will be artists and listeners, in which all the awards will be honest and deserving.
The ecosystem consists of smart contacts, thanks to which performers and listeners among themselves will honestly and transparently exchange musical works. Blocked and intelligent contracts on the platform will be used to protect the copyright of performers.
Fans will also receive an award in the tokens of the MZK platform for participating in various competitions and other events. They will be able to vote for the best artist and directly sponsor them, encouraging them to create new music content.
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.
All tools available on the platform will serve as the current existing intermediaries in the face of distributors and publishers and fairly distribute compensation for high-quality music content.
Token Sale and ICO Details
MZK is an ERC20 token built on top of both the Ethereum and Ontology blockchain network. However, in the future, Muzika plans to develops its own protocol blockchain specialized for community-based applications that facilitate all digitized forms of creative works.
Main sales: 205 million MZK
Total will be released: 1,000,000,000 MZK
Hard cap: 20,000 ETH
The MZK token is used to gain access to the Muzika ecosystem. It serves 4 main functions:
MZK tokens are used as an incentive mechanism to foster greater participation amongst community members. Members earn MZK tokens for creative brainstorming, exchange of feedback, and more.
Means of making transactions for commercial items and services: Ecosystem participants can exchange digital music, sheet music, musical instruments, recording services, and much more using MZK tokens.
Users can sponsor artists and become patrons by paying monthly subscriptions to their content using MZK tokens. Patrons will receive exclusive access to the products and services offered by the artist. They will also get to be more involved in the creative process of the music.
MZK tokens will also help fund community programs and events like auditions, contests, live streaming sessions, etc. All of these activities help strengthen the Muzika network.
MZK tokens can be obtained by participating in Muzika’s upcoming ICO, or by purchasing the token on cryptocurrency exchanges. They can also be mined through active, loyal participation in the community.
For more information, please visit:
ANN Thread: https://bitcointalk.org/index.php?topic=5042121.0
Telegram channel: https://t.me/muzika_english
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1925101
DISCLAIMER:This post was brought to you by Opeyemi being my personal project on Muzika campaign project