Technology and Services of FLUXORIN

Introduction:

To publication and consumption of music, FLUXORIN provides a decentralized system to the artists and the listeners. It allows the artists to get their proper wages for their creation.

INSIDE FLUXORIN:

Basically, FLUXORIN combines a pioneering cryptocurrency providing the latent of the creativity of the artists and give the opportunity to the artists to live off their arts. The listeners enjoy the music. So, the artists are also inspired by getting the motivation from the listeners. Artists can license their creation as a “programmed contract” straight to blockchain which is actually a decentralized database. The artists can control the distribution and collection of the payments by using the programmed contract. It provides the listeners to access the worldwide catalogue of music stored on a network and pay artists directly using FLUXORINs’ digital currency which is based on the artists usages. To enjoy the seamless experience tools are designed for the artists and listeners. To build a rich ecosystem of user friendly software and services, the third-parties will be permitted by an open protocol. FLUXORIN provides a such platform which is distributed as well as highly transparent, connecting the listeners and the artists directly each other.

Technology used by FLUXORIN:

FLUXORIN’s aim is to tackle all the problem which are described above by utilizing blockchain technologies and smart contracts. They can track the music from the first publication to last. The whole process will be simplified by using DAL or Distributed Autonomous Labels. Distributed Autonomous Labels is actually a number of smart contracts, the contracts for listening and payment for the usages that systematize all the functions which are expected of a distributor or a label. It minimizes the operational costs. All the people who are related to the music industry will be able to understand and calculate the percentages of the dividends by using the smart contracts. Hence, the track gains the part of the profit stream. So, the extra money won’t get wasted and that money will be earned by the artists easily. For the marketing the listeners and the fan can help a lot. They can share their favorite music with their friends which will help a lot to distributing and marketing their music. The P2P or peer to peer storage and delivery technology allows the music distributing in higher quality with friends on the network. It only shares the playlist, so the cost is minimized. FLUXORIN wants to create a new model which will reform the previous structure from the creation of the music to the expenditure to indemnity as well as to more formation. The model which FLUXORIN want to make will be based on the Sharism theory. It emphasizes a strong bond between the rewarding as well as sharing. This process will make sure that everyone who are connected with this industry will be profited equally. As per as the Sharism theory-based model, an exchange between the listener and the musician is denoted by each playback. Whenever the listener wants to listen the music, they have to stream the music. To stream the music, the listener has to make a payment to the artist.

A fast payment system as well as low transaction cost are required for this model. It should be accessed worldwide. If the FLUXORIN will be able to make the Sharism model works everywhere, almost all sorts of traditional license and terms will be implemented after the sharing. So, it will be possible to make the access from worldwide. Because the blockchain technology and the digital cryptocurrencies are used worldwide which will help to access the Sharism model also. FLUXORIN need some support their Sharism model. As per as this design, when the listener plays any music, a digital coin will be sent to the smart contract that lives on the blockchain from the listeners’ account. This model will impose a PPP or Pay per Play license. So, this little program will execute the license terms and conditions to charge a definite amount of tokens dependent on the music, when the listener listen or share the song and then will send to the artists or the owner. So, the each and every payback or share will be counted by using this. The blockchain will also allocate the payment to the all stakeholders within seconds. As an example, we can say that, there is a music team or band pays 30% to the singers, 30% to the guitarists and 40% to the lyricist. So, no intermediaries are required to distribute the payments. It can be distributed by the musicians or the blockchain easily. There are many usefulness of using this technology. Such as-

• It provides transparency.
• Proper allocation of the revenues
• Use of Peer to Peer file sharing and delivery networks.
• Use of DLA to help distribution
• Employing the Sharism Model
• Minimizes the operational cost

When the listeners want to listen the music, they will have to decrypt that. To decrypt the music a decryption key is provided. After transaction successfully, a decryption code will be generated which will be used to decrypt the music. After decrypting successfully, an encrypted audio file will be stored in the listeners system. FLUXORIN will make this system user friendly and quite simple.

INITIAL COIN OFFERING of FLUXORIN:

FLUXORIN’s token name is Flux token. By selling the Flux Token, FLUXORIN will raise their funds for their technical development, providing services. The Flux Token is the vital element of the FLUXORIN network. Because by using these tokens, the artists, lyricists and the people those who are involved in the music industry will be profited and the flux tokens may be exchanged with other cryptocurrency or altcoins or for fiat at the exchanges. On the VERBERDIN network, the listeners will be able to purchase music with VBT and buy tickets to musical concerts or shows or tours from the exchanges or local holders. VBT will be issued on the Ethereum platform.

Conclusion:

FLUXORIN visualizes a future where the artists cross the genres and cultural boundaries. FLUXORIN is creating ideas which will push the society onward, where the listeners can discover something that they never would have.

ICO NAME	FLUXORIN
Website	https://www.fluxorin.io/
WhitePaper	https://www.fluxorin.io/wp-content/uploads/2018/05/FLUXORIN.pdf
Twitter	https://twitter.com/fluxorin_io
Telegram	https://t.me/FluxorinICO
ANN Bitcointalk Thread	https://bitcointalk.org/index.php?topic=4361686.0

Author Bitcointalk ID	cryptopowering
BTT link	https://bitcointalk.org/index.php?action=profile;u=1771063
ETH ID	0x3c9D2f192a96b9269e59B97Dab18f58674079487