Salute Steemit and Musicoiners Worldwide!

I would like to see and engage with our fellow Musicoiners in our Steemit community.

If you are on Musicoin as a Musician or as a Listener, the first 10x to comment below with your Musicoin address (maybe more let's see how it goes ) or share with me a song from Musicoin and tell me what they like about it will be rewarded with 100 Free $Musicoins

Note that Musicoin guarantees best artist payouts among top streaming services unlike the other platforms that came later and promising payouts to happen at some point of life read more here

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If you're new to Musicoin and would like to learn more or Join continue reading below.

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Musicoin

Musicoin is a decentralized platform that leverages the power of blockchain technology in empowering musicians to take full ownership of their content and finances. The Musicoin platform is built on a transparent Peer-to-Peer network powered by programmable smart contracts to enable fair remuneration for all musical content and services.

Musicoin Pay Per Play (PPP) smart contract aligns with a musician’s intuitive expectation of a payout, from every single stream of their content.

PPP is a smart contract on the Musicoin blockchain that enforces and executes licensing terms to instantly reward musicians with $MUSIC (native currency of the Musicoin platform) per playback. Payments are done in a fair and transparent fashion and can be automatically divided and distributed to all contributors, such as band members, songwriters, and producers.

No intermediaries are required to facilitate payments other than the public ledger of the Musicoin blockchain. Musicoin will leverage the power of blockchain to bring about an equitable environment that is currently lacking in the 100-year-old music industry.

Furthermore, removal of intermediaries has allowed Musicoin to transfer most of the value generated from music to the musicians. Below is a comparison table of per-stream payouts (in USD) among existing streaming platforms, including Musicoin. As you can see, Musicoin does not distinguish between signed and unsigned artists and pays its musicians at a rate that is at least ~286% higher than its closest competitor, Spotify.

UBI Economic Model

Universal Basic Income (UBI) is a recent implementation of a new economic model on the Musicoin ecosystem. A UBI pool is created to secure musicians’ income from PPP on the platform, at a fixed rate that is fair, uninfluenced by market forces and higher than that of any other competing streaming platforms. The rewards from mining are split into the following, 79.6% of each block rewards go to miners, 15.9% goes to the pool, and 4.5% goes to project development.

By following the UBI model, this will boost the influx of content from musicians as well as make streaming music free for listeners, thereby ensuring deeper penetration of Musicoin into the streaming market. Unlike other streaming platforms, users on the Musicoin platform will be able to stream songs for free and without ads. Free and unlimited music streaming without ads is the critical feature that will distinguish Musicoin from centralized streaming platforms, allowing us to expand radically and capture a bigger share of the streaming market.

Further information on this model check the following links:

Steemit: Musicoin: Universal Basic Income Unveiled YouTube: Musicoin's Isaac Mao discusses UBI with Deadly Buda from The Hard Data

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Founder of Musicoin 'Isaac Mao' Talk to Musicoin TV at SXSW

Musicoin Road-map Animated

If you love Musicoin as much as we do and want to spread the word, the Musicoin Foundation will assist you.

The mission of the Musicoin Global Ambassador Program is to make Musicoin a household word across the planet, fostering music creation and appreciation for all.

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Musicoin will assist qualified ambassadors conveying valuable information about Musicoin to their chosen audiences in the following ways:

Presentations at local meetups Video presentations Online tutorials Interviews and media co-operation Other interesting ideas that may further Musicoin awareness

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More Information about Musicoin and how You can start your musical journey as a musician on the Blockchain check out my recent article featured on The Creative Crypto the Steem powered magazine dedicated to all things creative on the blockchain developed by the @Sndbox Incubator.

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