Emanate (blockchain)

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Emanate is an audio exchange protocol built and music streaming platform built on EOS which allows artists and other music industry professionals ecosystem to be paid in real-time using smart contracts. [1] [2]

Overview

Emanate was created to solve many of the problems faced by creatives in the music industry. It can be hard to artists to collaborate, because of the legal work needed to split up royalty payments and music rights. These issues also make it challenging for artists in different countries to collaborate. Another issue faced by artists is the slow pace of payments in the music industry which often take months. [2]

Emanate's platform uses trustless smart contracts to ensure that all contributors are paid accurately and in real-time. Since all transactions are recorded on the blockchain, payments are much more transparent. Emanate's use of cryptocurrency also makes it easy to distribute payments across borders. [2]

Token Economy

Emanate uses two tokens, an access and governance token known as EMT and a stablecoin known as MNX. EMT is the token that is required for users who want to earn rewards on the platform; whether artists, labels, playlist makers or listeners who also contribute to the community. Tokens need to be staked for each for these roles. Emanate Network rewards are paid out to EMT token stakers in the form of MNX, the internal stablecoin which is the same token that artists will be paid in. [17]

In March 2019, Emanate airdropped EMT tokens to 300,000 EOS accounts. There are a total of 208,000,000 EMT tokens. 200 EMT tokens gives users unlimited listening access to the platform in 2019. [18]

See Also

List of EOS dApps

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