IMUSIFY PROJECT

IMUSIFY PROJECT

Hello everyone, If you are interested in joining the Imusify project, it is a good idea to read reviews that can help you get information that might help you in seeing their vision and mission, as follows:

The imusify platform is designed to provide artists with autonomy, higher income, and transparent transactions between service and product suppliers. imusify’s open-source, self-publishing platform also creates an efficient and lucrative system for content creators to network and collaborate, while maintaining complete control over their work.

The platform serves a variety of uses to different user types, serving as a news app, a messenger and networking space, an incubator, a music discovery platform, a marketplace for trading goods and services, a discussion forum, or a unique combination of these functions that provides the most enjoyment for each user. The imusify platform also offers an open innovation space to launch new products, features, tools, and services across the value chain of the music industry and beyond.

imusify’s mission is to provide an open-source innovation space for developing new means of music distribution, consumption, and engagement. imusify is building a music smart economy to allow for direct exchange of value between artists, fans, and other stakeholders, giving our community the power to control the future of the music industry.

Key Components:

1.Crowdfunding Engine

On the platform, artists can launch crowdfunding campaigns to fund music products like albums, videos, and tours. Artists have the power to offer, if they choose, a reward to their supporters in the form of early access to content, tickets, merchandise, and VIP fan experiences. Artists also have the option to engage supporters more fully by providing affiliate licenses, where fans who support an artist can profit directly by promoting and selling content within their networks. 

2.Transparent and fair payments

As a music sharing platform, imusify automatically compensates artists on a per-stream basis by distributing funds directly to the imusify wallets of the individual or group of the given song’s rights holders. 

3.Marketplace of Music Industry Participants

imusify is a place for all aspiring entrepreneurs, artists, and industry members to network and create communities. This marketplace allows participants to execute transactions pertaining to various business development or creative services and products including videography, production, advertising, content design, promotion and all other media-related or creative content. 

4.Reward System

In addition to rewarding artists for streaming royalties of their creative content (music), imusify’s reward system is designed to incentivize quality contribution and curation on the platform by rewarding creators of social content (posts, playlists, comments) for certain actions. To promote the sustainability of imusify’s ecosystem and motivate quality engagement between users, the reward model has been adapted to eliminate the

need for a “reward pool” of tokens by facilitating user-to-user rewards, as opposed to imusify-to-user rewards. 

5.Decentralized Exchange

In order for artists and various user types to interact intuitively with the platform and conveniently realize their payments and rewards, it is crucial for there to exist a simple and convenient means to exchange IMU tokens to fiat and other currencies.

6.Co-evolutionary copyright management

Harnessing the security and immutability of imusify’s decentralized data ledger, imusify will implement a multi-layered protocol that allows content creators to manage ownership rights and licensing information.

Target Audience

Content Creators : With varying types of content on the imusify platform, creators can range from a listener, a new artist or an executive producer. 

The “Crypto-Community” : It is apparent that cryptocurrencies are more than an alternative form of payment and have already begun to change the global economic landscape over the past few years with the implementation of the existing blockchain technology.

The “Executive” : Artists rely on various other stakeholders to aid them with production and promotion of their music. In the traditional music economy, such executives and businesses receive partial ownership on the music, and are entitled to royalty payments.

The “Influencer” : Established industry professionals and well-known artists come to the platform to share their own songs, produce new content, collaborate with other artists, and mentor new talent.

System Architecture

The imusify platform uses user personas to categorize user interactions and reward IMU tokens accordingly. When an individual signs up to use the platform they receive an user identity. The user withholds all identity information and serves as the reputation point for personas to be created on top of it. New personas are created either automatically, when a mUser commits a certain action, or by voluntarily creating a new persona to conduct a certain action. Personas and asset classifications are architectural system components used to build an organized and seemless UX for users to conduct different actions.

• Consumer Persona
• Artist Persona
• Collaborator Persona
• Venue Persona
• Content Asset
• Project Asset
• Campaign asset

Token Flow

The ϑ IMU utility token will be made available to the public via a tokensale event. The token will be listed on several exchanges following the conclusion of the tokensale. The value of the ϑ IMU token will float based upon the current traded value.

The token acts as a utility by allowing new or existing users to redeem their ϑ IMU tokens for platform fuel. The imusify platform uses fuel as an accounting system for exchanging value between users. Fuel is not a currency, it simply represents the value of ϑ IMU in the user’s preferred currency, and allows users to realize the token’s value as a utility by conducting transactions with other users on the platform. When users bring their IMU to the platform, they receive an amount of credits equal to the ϑ IMU’s current trading value.

Crypto Exchanges

Users can buy or sell IMU on public exchanges. The IMU token is a floating currency.

Platform Entry

Upon entering the imusify platform, users exchange their IMU for IMU fuel. IMU fuel is simply a “credit” of IMU value denominated in USD or the user’s preferred currency.

Token Distribution

The total supply of 1,000,000,000 ϑ IMU tokens will be distributed in an effort to maintain the longterm value of the imusify platform and network, while taking into consideration the basic economic factors that can affect the viability of a utility token. 

Token name : imusify 

Soft Cap : $1,000,000

Symbol : ϑ IMU 

Hard Cap : $25,000,000

One Billion Tokens Issued

Distribution Of Token

Use of Funds

ROAD MAP

To find more relevant details from the Imusify project, please follow a number of sources for the following references:

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author:Chubylaw