The music industry has long grappled with challenges including limited revenue streams for creators, a generational devaluation of music streaming services, and the intricate complexities of the existing music supply chain. On the other hand, the introduction of Web3 solutions brings its own set of problems, such as retail interest vulnerability to market volatility, a high barrier of entry, and a lack of practical utility in blockchain implementation.
MeMusic emerges as a transformative force seeking to revolutionize the audio content landscape. It endeavors to provide a groundbreaking networking solution for creators such as musicians, remix artists, and podcasters. At the core of MeMusic’s mission is the establishment of a highly interactive fan-creator economy. The platform aims to introduce various tokenized incentives, not only benefiting creators but also engaging listeners in a novel way. One notable feature is NFT-based revenue sharing, allowing creators to tokenize their work and share revenues directly with their audience.
In addition to that, the platform introduces fractionalized royalty rights, providing creators with more control and transparency over their earnings. By doing so, MeMusic seeks to mitigate the reliance on third-party services and intermediaries, empowering creators to have a more direct relationship with their audience.
At the heart of MeMusic’s vision is a state-of-the-art, blockchain-enhanced music streaming platform. This integration shall enhance the overall music experience by combining technological advancements with a focus on equitable compensation and engagement between creators and their fan base. MeMusic stands poised to redefine the landscape of the music industry, offering a comprehensive solution that addresses both traditional challenges and emerging issues within the Web3 space.
To find out more about the project, read the Whitepaper here and here.
To try the Beta, visit here.
Resources
Website: https://memusic.io
Twitter: https://twitter.com/MeMusicNews
Telegram: https://t.me/memusicofficialchat
Telegram(announcement): https://t.me/memusic_announcements
Medium: https://memusicofficial.medium.com/
Listing and Tokenomics
IDO price: $0.02
Listing Price: $0.02TGE is scheduled to be in February 2024,
with an initial Market Cap of $782,500$MMT is a BRC20 token inscribed on the Bitcoin blockchain and will be bridged to BNB Chain. Claims will be made on BNB Chain.
MeMusic’s native utility token, $MMT fuels ‘AudioFi’ — an innovative fusion of audio and finance. The goal is to revolutionize value distribution in the music industry, prioritizing creator and listener empowerment through tokenized incentives, reducing reliance on third-party services.
Total Supply: 1,000,000,000
- Marketing: 15%
- Liquidity: 5%
- Advisors: 5%, Locked for 12 months, followed by linear release over the subsequent 12 months
- Team: 9.25%, Locked for 24 months, followed by linear release over the subsequent 24 months
- Streaming and Mining: 40%
- Seed Round: 8%, 5% to be released during Token Generation, followed by a 4 month cliff and linear release over the subsequent 18 months.
- Private Round: 15%, 7% to be released during Token Generation, followed by a 4 month cliff and linear release over the subsequent 12 months.
- Public Sale: 2.75%, 15% to be released during Token Generation, followed by linear vesting in the subsequent 6 months.
IDO Details
Qualifying Deadline: Stake KWAI by 1st February 2024, 0001UTC
Tier 1 & 2 Contribution : 1st February 2024, 1000UTC — 2nd February, 1000 UTC
Tier 3 Contribution : 2nd February, 1100UTC — 1130 UTC FCFS
Tier-3 Whitelist Link: https://zealy.io/c/oxbulltechofficial/questboard?view=sprintFor Contribution, head over to: https://oxbull.tech/app/project/memusic
To find out how to contribute, read here.
Please be advised that contribution will be conducted in USDT (on BNB Chain).
To qualify for the IDO, users will either need to possess the KWAI NFTs or stake the following:
NFT Holders will automatically qualify for the respective tiers in accordance to the NFT.
Further info and queries:
Please follow the official KWAI telegram group for further details of the claim time and changes, if any.
IMPORTANT NOTES: Qualification of all Tiers will require STAKING or qualification via NFT. In the event where an Investor who has not Staked but has the required number of holdings SHALL NOT be eligible for the aforementioned tiers.
Staked holdings are required to be maintained until project listing. Any dips below the required holding amount will DISQUALIFY the investor for the project being launched at the time even if the investor has already contributed. No IDO Tokens will be provided and No Refunds will be made.
Each qualified address will only be eligible for ONE transaction. Meaning if an address is qualified for tier 1, they will not be qualified for tier 2.
Disclaimer
Our content is intended to be used as information and education purposes only. It is very essential to do your own research and analysis before doing any investment decision or otherwise. Do Your Own Research.
Information is accurate at time of writing and can be subject to change.
KWAI Labs shall not be liable, whether in contract, tort (including negligence) or otherwise, in respect of any damages and/or expenses and/or any losses you may suffer arising out of such information or any reliance you may place upon such information.
Any further arrangements between you and any third parties contacted via the Website/Affiliated links are at your sole risk.
