MAESTRO - Maximizing Profits For Artists And Minimizing Expenses For Consumers

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

Welcome my friends to the exciting new ICO today and let's take a look at their great idea:

Maestro Platform

An EOS.IO-based Blockchain System
Maestro is focusing on fast software development of a smooth service for the music platform. Maestro uses EOS.IO-based blockchain technology. We chose EOS.IO because of its high scalability using parallel CPUs, far superior speed, and free transactions based on DPOS. To maximize profits for artists and minimize burdens for consumers, Maestro uses an EOS.IO-based blockchain that does not require any individual transaction fees from users. The cost of the blockchain is charged to the developer using EOS.IO. There are no costs apart from the coins deposited to the developer. We use EOS.IO blockchain technology to increase the benefits of decentralization for all users.

Maestro's goal is to decentralize all areas of service. The Maestro team has reviewed the technology for implementing file transmission, streaming, and other functions using distributed servers. 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.

IPFS has implemented a server- and client-based web using a P2P method. Previously, webs could only be maintained using a centralized server. With IPFS, webs can be distributed and maintained without a centralized remote server. In other words, even if a server becomes inoperable, the files are distributed through P2P, allowing them to be shared without delay. EOS.IO uses IPFS to implement the distributed storage, which is also the reason EOS.IO was chosen for the Maestro system. Developers using the EOS.IO platform put up a set amount of coins in order to guarantee the CPU and storage usage for the EOS.IO blockchain. As the holder of the Maestro tokens, Maestro allocates the profits generated by its platform to all other token holders.

Maestro is also allocated with platform profits based on the number of tokens we hold. Part of these allocated tokens will be used to purchase and deposit EOS coins to ensure smooth Maestro system operation, leading to quality service maintenance and enhancement. Maestro will progressively upgrade the Maestro system, according to the development stage of EOS.IO.

The Maestro team promises to lead the project efficiently and decentralize service operations progressively. We seek to address any of the problems or uncertainties found in other music platform projects, and hope to operate and expand our operation in a practical and rational method.

Maestro's Profit Structure

Ensemble's Blockchain Record Structure

Maestro manages rights for all songs in Ensemble. The rights and ownership details for each song are recorded in the EOS.IO network through smart contracts. User IDs and addresses are linked by syncing with the account management server, and the rights to songs are also synced.

Mission and Goals

"To create a productive environment where artists are actively supported, a structure in which the rights of creative works are fairly allocated, and an ecosystem where artists and investors can cooperate to share profits" Maestro's goal is to change the current centralized management system to a decentralized platform among users with blockchain technology. Ultimately, we want to revolutionize the music streaming industry so that the profits returned to artists and investors are more fairly distributed.

Inevitably, there will be obstacles to implementing new technology in an already mature music industry. New technology must harmonize with the current industry's structure and has to be accepted by all its stakeholders. Barriers to entry are even higher due to the strong culture and longstanding conventions of the industry. Therefore, Maestro's team will focus mainly on segments where blockchain technology can be realistically implemented. It must reconcile with the existing bureaucratic music industry to make swift progression.

Tokens

MAEs are provided through snapshots of the wallets in Ensemble. Platform profits are allocated once per week. The Maestro team's goal is to decentralize the profit structure through blockchain technology. All platform profits are affected by the number of MAEs held. Unsold tokens will be destroyed. Due to inflation, issuance of additional tokens is expected to take place once per year, and further issuance is prohibited as a rule.

Goals to Attain

Soft cap for ICO: None
Hard cap for ICO: 62,000 ETH

The Maestro team is under way with the project already, with KRW 500 million funding. Consequently, there is no set soft cap, and the project will proceed regardless of whether we achieve the target amount or not. After the 2nd ICO, there will be no additional token sales.

Token Allocation

Token Usage after ICO

Total usage of tokens can be divided into five components: 40% on engineering and software development; 25% on marketing and business development; 15% on operational expenses; and 10% each for license fees and legal expenses.

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