Like this video

MusicLife

World's First Music Exchange

MusicLife is the world's first music exchange. The original model of "earning revenue by listening to music" enables users to automatically purchase music shares by paying for music and to earn an equivalent dividend from the song. MusicLife owns 600 thousand registered users, while its accessed music playback software covers 30 million registered users. With the $5 million funding round and support from numerous celebrities, MusicLife was praised by media as one of the most potential projects of next-generation blockchain applications.

4.3
5 4 expert ratings
Benchy 3.8
KYC
Experts
5.0
4.5
4.5
Review: coming soon PRO

Ended
Token
MITC
Type
Price in ICO
0.0100 USD
Country
Whitelist/KYC
KYC
Restricted areas
China
ICO start
17th Sep 2018
ICO end
31st Dec 2018
Visit ICO website
Report
Changelly

About MusicLife

MusicLife is a blockchain music exchange ecosystem that allows fans own “stocks” of songs and purchase music. Every shareholder can earn dividends directly from their song shares. MusicLife is also pioneering a model that lets users mine cryptocurrency by listening to songs on musical wearables. Since launching this June, over 600,000 people have signed up on the MusicLife exchange, which has over 30 million users in its ecosystem.

On MusicLife, music holders (artists or record companies) can license their copyrighted music to the platform where it will be free to listen to until it hits 50,000 plays. Once a song reaches this threshold, an AI-powered mechanism will set a price for it based off frequency of plays and create a MusicToken. MusicTokens represent the property rights of songs and are split into multiple shares. Music holders will own 95 percent of shares and MusicLife will own five percent of shares. Fans will have the opportunity to purchase up to 45 percent of existing shares from music holders.

While paying for music, fans can get song shares in the equivalent amount of the song’s listening price, which will remain at a low rate of around one dollar. In addition to paying to listen to songs, users can purchase and exchange shares of songs with MitCoin (MITC) on the music exchange directly. As songs increase in popularity, MusicToken shareholders earn MITC dividends.\MusicLife also allows other softwares to embed their music libraries for free via an SDK. Software linked to MusicLife will share in the profits generated by users purchasing music. The first software embedded is the app echo Music which provides innovative music services and has 30 million users worldwide.

MusicLife has also developed a model which lets users mine cryptocurrency by simply listening to song on connected musical hardware. Musical wearables can connect to MusicLife through an SDK which allows the hardware to collect listening data and establishes MusicLife’s song prices. In exchange for their listening data, users who opt in will earn MITC directly, effectively mining cryptocurrency by listening to music. The audio glasses, MusicLens™ will be the first piece of hardware to connect to MusicLife’s ecosystem.

MusicLens™ are trendy glasses that use bone-conduction technology to play music without headphones. MusicLens™ glasses also have sensors which can verify that a human is listening to a song, allowing MusicLife to accurately set song prices in their ecosystem. MusicLens™ will be in mass production in late 2018.

Add to bookmarks
ICO KYC Report
2 members invited
Liu Kaiming
Passed
Yijun Hong
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
Missing or incorrect data? Let us know.

ICOs that might interest you

4.4

GRAYLL

GRAYLL is a start & stop system containing algorithms & AI models to automatically gene...

36 days 16 hours left
4.9

FRED Energy

FRED Energy aims to promote and facilitate greater adoption and generation of alternati...

37 days 16 hours left
4.6

Mindsync

Mindsync is a platform to solve customer's tasks with AI technologies competitions as w...

8 days 16 hours left
4.3

PointPay

Crypto Bank, Exchange, Wallet , Payment System. PointPay has created four services in a...

669 days 16 hours left

Cookies help us deliver our services. By using our services, you agree to our use of cookies.

Learn more Got it