Musiconomi (MCI)

Musiconomi represents a new music economy that reshapes the way listeners and musicians engage. We envision a rich ecosystem where creating, sharing, and promoting great music deserves its own reward and where artists can incentivize social sharing to suit their needs.

Built on the Blockchain, Musiconomi (MCI) is designed to make this type of system possible. The suite of Musiconomi products enables complete control over your music experience. Some features include: designing your own playlists, streaming radio, hiring your band, buying artist merchandise and live experiences, leasing studio space, and building your own branded token. All features will be available to token holders, enabling them to generate and earn rewards and build their business.

Whitepaper

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What is Musiconomi

Company Vision

Music is an integral part of our lives that brings us closer and connects us. It’s a common language we all speak regardless of age, nationality, religion, race, or culture. Music is also a lucrative form of business. People all around the world are streaming 5 trillion songs online and the music industry reached $15.7bn in revenues in 2016.

However, much of the revenue from music does not go to the creators of value. The most obvious example is the musician, who often receives only a small fraction of revenue collected from end users, and although the music economy is complex and is influenced by many different organizations and individuals, only some are value creators in their own right and deserve to be compensated for their contributions. Others are not.

At Musiconomi, we have made it our mission to recognize and incentivize value creation, starting with the musician but extending to the bloggers, promoters, fans, labels, and others that help make a thriving music economy possible.

Musiconomi Project Mission

Musiconomi's mission is to build a global environment where artists, DJs, bloggers, promoters, listeners, and other entrepreneurial music enthusiasts can create an exchange value in a transparent and timely manner.

The platform will offer:

The Value Of The Musiconomi Platform Comes From Its Community.

The Musiconomi platform will facilitate collaboration between a rapidly growing community of artists, listeners, bloggers, and partners. We recognize that both individuals and organizations have a wide variety of contributions to make to the music economy and we believe a platform that simplifies and streamlines interactions between them will grow rapidly and organically. It all starts with musicians and the fans that want to help them succeed but will expand quickly to include many other players, such as bloggers, labels, professional promoters, 3rd party merchandisers, and more. The goal is to ensure that each new integration or supported interaction adds value.

There is no limit to the number of niches in the music industry, and the Musiconomi platform will seek to provide each member of each one of those niches with a customized presence within its community of supportive music enthusiasts, and the opportunity to grow their business through the multiple uses of the MCI token.

How does it work?

When artists release a new track on Musiconomi, they will be able to specify the reward for direct referrals that lead to a playback. Artists seeking an audience may offer a much larger reward, whereas established artists may offer less. All of this is, of course, automated and happens seamlessly behind the scenes.

Promoters (casual listeners, die-hard fans, or just users seeking new talent) will be able to use MCI tokens to generate a referral link that can be shared on social media, on their own website, or in a blog post. In most contexts, the referral link will be presented in an embedded player (similar to SoundCloud) and can be part of a playlist that is actually a collection of referral links.

Each time a user pays to play the track using the embedded player, the original promoter receives a small reward -- even if the post is re-shared by their followers.