Muzika – Create an Autonomous, Self-Sustaining Ecosystem Driven By Artists and Their Fans in Tandem

Muzika  – Hello, friends! In today’s article, we will consider a fascinating project related primarily to the music industry-Muzika as the music industry is known at all times has been the most important entertainment for many generations. What to say, it is also today one of the largest direction in the entertainment industry. In this sphere, there are huge sums of money, which basically go into the pockets of record corporations, but only a small sum goes to the performers themselves. According to experts, the performers today get about ten to fifteen percent for their work, the rest of the budget goes to the costs associated with the promotion of the album, the salary of producers and distributors.

Today, with the help of modern technology, each of us has the ability to listen to favorite songs in streaming mode. It is also worth mentioning the fact that most of the artists from the Nineties received much more money, unlike the current music performers, because the sales of CDs were mostly retail in stores, and now anyone can Download any song from the Internet and listen as much as you want. The problem of pirated content has long been in this area, but until today the real tool for the solution has not been voiced.

With the advent of blockchain technology, this problem can be solved using the innovative developments of the music platform Muzika
Platform
Muzika plans to remove the boundaries between the performer of the song and his listener, using all the advantages of the technology blockchain. The platform will also strive to drastically reduce the profits of the distributor, producer, and music label, which receives most of the profits.
It is important to note that Muzika is a free music platform for any performer. This means that the platform will be absent all sorts of commissions and various kinds of cash deductions, and almost all profits will go into the pocket of the artist.

Muzika, strive to create such a musical system that will radically change the entire music industry, give it independence from various intermediaries, expand many of the capabilities of all users of the platform, making it fully Decentralized and create economic stability.

It is worth mentioning that the Korean company has been working for a long time and has achieved great success in solving numerous problems of the digital music industry. So in 2015 was launched the online music platform Mapiacompany and for the next 3 years, it became an international platform with an audience of more than 2 million. Muzika  People and its customer base are constantly increasing. Undoubtedly, this is a huge success for developers and a serious advantage over competitors, because the team is cohesive and has experience of creating a working product, which is international with a large audience more than 17000 musicians.

Advantages
1. Self-reliance. After the platform is finalized for all users, commenting, likes, dimensions, and feedback functions will be available.
2. On the platform will be available to users market of musical instruments and services.
3. Each user can invest in a musician whom they love to listen to and as a reward for their sponsorship they will be given some advantages on the platform that are available only for sponsors.
4. Competition programs for performers. The developers of Muzika platform plan to stimulate the participation of a large number of performers by these contests, thus talented artists will be found.
5. Live broadcasts of concerts.
6. Streaming music
Platform ecosystem
Muzika  The developers plan to create an independent, self-contained ecosystem in which the protagonists will be artists and from listeners, in which all rewards will become honest and deserved.
The ecosystem consists of smart contacts, through which will be the fair and transparent exchange of music products performers and listeners among themselves. Blockchain and smart contracts on the platform will be used to ensure the copyright of performers.
Listeners will also receive an award in MZK platform tokens for participating in various contests and other events. They will be able to participate in the voting for the best performer and directly sponsor them, stimulating the creation of new music content.

All the tools available on the platform will serve as current existing resellers in the person of distributors and publishers and equitably distribute compensation for quality music content.

MZK token allocation procedure
The main currency for Exchange on the platform, including trade and investment, will be the internal token MZK-a token of standard ERC-20 on the basis of blockchain Ethereum.
It will also serve as a means to build an autonomous ecosystem, a means to purchase goods and services and many other functions.

Token: MZK
Standard: ERC20
Main sales: 205 million MZK
Total will be released: 1 billion MZK
Hard cap: 20.000 ETH

CONCLUSION : 
Muzika  It is no secret that the music industry is huge money, so there are many problems that prevent musicians to receive adequate remuneration for their work. But with the advent of such a platform as Muzika, this problem may disappear because the ecosystem provides fair rewards, through the use of blockchain technology and smart contracts. Given the fact that the guys from the team have been working a long time together and have a working product with a large audience around the world, they should succeed.

DETAIL INFORMATION :
Websitehttps://www.muzika.network
Whitepaper : https://www.muzika.network/assets/mzk-whitepaper-en.pdf
Telegram: https://t.me/muzika_english
Twitter: https://twitter.com/muzika_official
Facebook : https://www.facebook.com/muzikanews
Reddit : https://www.reddit.com/r/muzikaofficial

My Profile:
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