ICO - MAESTRO

adam-crypto (30)in #blockchainethereumico • 6 years ago

Maestro is building a new decentralized ecosystem for the creators and audience of the music industry. By eliminating unnecessary third parties who currently account for 40% of the revenue generated, the artists will get the benefits they deserve; listeners will enjoy music at a lower cost.

To maximize profits for artists and minimize burdens for consumers, Maestro uses EOS.IO-based blockchain that does not require individual transaction costs from users. The cost of blockchain is charged to the developer using EOS.IO. No fees other than coins paid to developers.

Maestro's goal is to decentralize all areas of service. The Maestro team has reviewed the technology to implement file transmission, streaming, and other functions using a distributed server. The Maestro system will use a distributed server system called IPFS (The InterPlanetary File System) to transmit streaming files. IPFS is a distributed file system that uses a structure to connect computers to the same file system.

Music defines our life and our mood. It is a source of inspiration and also a friend who is always there for us. Mobile and the Internet has spawned a new set of music streaming apps that are always with us. This industry is more than a complex entity that always wants to make big profits, although most of the profits do not go into the people who produce it. Independent musicians face discrimination and loud though there are many great digital platforms. Although this digital platform has enabled the careers of many famous musicians today, they have several disadvantages.

The Internet has turned the world into an audience. However, the centralization of streaming services poses a greater risk to artists and writers. Payment to the author is not fully paid and exact. Violation of intellectual property rights has become a widespread phenomenon in the industry. Piracy of music in the digital world is another challenge for the music industry. The need to create a better platform with reliable technology has become a necessity for the continuity of the music industry. Artists, producers, and listeners need a new foundation to play their part in the industry.

MAESTRO is developing a decentralized streaming music platform based on blockchain technology. They also started a crowdfunding platform called ENSEMBLE for artists who want to make great music. People can help their favorite artists on the platform. To remove intermediaries from the music industry, they have launched two major products; the first is ENSEMBLE and the second is SYMPHONY. While ENSEMBLE helps artists to fund their projects, SYMPHONY enables the distribution of music and the maintenance of intellectual property rights.

Ensemble - This will provide artists with safe, transparent and direct fundraising methods for new or existing projects. The fans who contribute to the project, on the other hand, will be able to directly engage with the creative process of their favorite artist. Maestro believes that such an ecosystem will benefit both sides and open new frontiers for artist-audience relationships.

Symphony - It will serve the world music industry with a fair and efficient distribution system. The creators, on the one hand, will be able to take the rightful share of the benefits they deserve. Consumers, on the other hand, will enjoy the same streaming music service and seamlessly at a cheaper cost. Supported by the Interplanetary File System (IPFS) that will work on EOS networks, Symphony will deliver high quality music with just a touch of a finger.

High quality music is created by independent artists and artists, supported by people who share the same passion. This will be a collaboration made possible by blockchain technology. The Smart Contract will be used to create all the necessary conditions for the proper distribution and operation of the music industry. Loyalty and referral programs exist in the system to enable the introduction of this new platform.

Maestros are also allocated with platform advantages based on the number of tokens we hold. The portion of this allocated tokens will be used to purchase and store EOS coins to ensure the smooth running of the Maestro system, which leads to the maintenance and improvement of service quality. Maestro will further enhance the Maestro system, according to the development stage of EOS.IO.

Token

1,000,000,000 MAE tokens will be created for the project, with 62% of tokens reserved for public sale. 40% of the funds are used for software development, while 25% of funds are spent on marketing and business development. The team working on this platform is experienced and committed to developing the best applications for the music industry.

ROADMAP

May – 2018

Continue to improve marketing for the artist

June – 2018

Private capital for investment companies and the first company that uses ICO 1.2

July-2018

Sign a memorandum of understanding with major companies

November 2018

Listed on the exchange
Released demo version v1.0
Completed 100 companies sponsoring artists, led by Maestro

May – 2019

Official version of Mainnet

The Maestro team is already working on the project, and there is a 500 million KRW financing. Therefore, no soft caps are installed, and the project will act regardless of whether the hard cap will be achieved or not. After the second ICO, there will be no additional tokens.