Inmusik’s Cryptocurrency, called Sound Coin ($OUND tokens), enables fans, artists, record labels, and everyone in the value chain to be fairly rewarded in direct proportion to the measurable value their contribution brings to the community. The system is designed to mathematically recognize contributions and automatically pay users. Sound wallets and 400,000,000 $OUND tokens are scheduled to be issued in Quarter 4 2018 with 10,000 $OUND intended to equal one Etherium.
The company is offering a bounty to users of it's website for completing six simple tasks to earn up to 150 $OUND tokens.
Future applications have been suggested to include :
- Tracking of Radio plays and management of payouts
- Tracking of TV/Movie plays and management of payouts
- Using AI to understand emotional connectio users have with music
- Live streaming of concerts
- Music recording software
- Live ticketing solutions
- Profit sharing of live events
- Merchandise printed on demand with simpler logistics
- Music education online
- Online mixing, production and mastering services
- Online music collaboration
- Copyright protection and usage tracking
- Review platform for artists and writers
- Blogging platform for industry professionals, producers, mixers, etc.
- Virtual recording sessions
- Band matching by calculating fan overlaps
- Location services for festivals
- Crowd funding for artists
- A range of music creation services
- A range of music financial services
Let's Play - Inmusik