What is Muzika?

To understand Muzika, we need to understand the problem it solves and that is the distribution of wealth among the participants in the music industry. We come from owning music like tapes, cds and the artwork involved in producing this content, to merely accessing this content via streaming platforms. It’s definitely easier to consume music like and the revenue growth definitely increases thanks to this.
Digital music brought the problem of piracy but streaming platform mitigates this problem by letting the consumer access to thousands of songs without the need to download them and waste storage space. In reality both streaming platforms, as the way they operate right now, and piracy represent an unfair distribution of the revenue for the musicians. How? By just receiving typically 10% to 20% of consumer payments. The rest? The middleman: platforms, record labels, publishers, services, etc, dilute profits that musicians receive.
Muzika is a self-sustained community-driven platform where economic compensation is fair, decentralized contributing to musician’s growth rather than middleman’s growth. Muzika will achieve this by removing the middleman and directing all their roles to the ecosystem powered by blockchain to directly remunerate the artist.

How does it work?

One of the main benefits of the Muzika platform is that they have a real product and a real usecase. They already have a community of 2 million active users that are ready to migrate to the blockchain based platform.
The ecosystem is powered by the Muzika coin which empowers the community, is used to transact for commercial activities (products like sheet music, recording services, streaming, etc), to sponsor an artist with the MZK coin and much more.
There’s 3 ways to get MZK. Participating in the ICO, getting them on an exchange or mining them (through a loyalty program). Lets actually include a 4th way and that is through the bounty program. More details on that later.
The really innovative feature here is the Loyalty Points. Community users are rewarded for their time, knowledge and engagement in the ecosystem. These loyalty points help the community members to leverage their voting power within the platform to make their contributions more relevant through time.
Why is the community so important? They contribute by entering the song and album data in the blockchain to secure the copyrights of the artist. Everytime the song or album is used and generates revenue, this information will be stored in the blockchain so the distribution of revenue to the musician is transparent, fair and complete. This is the power of decentralization. To give such role to the community instead of a few giants in the industry, will redefine the way musicians and consumers interact with each other.
Platform ecosystem
The developers plan to create an independent, self-sufficient ecosystem in which the main actors will be artists and listeners, in which all the awards will be honest and deserving.
The ecosystem consists of smart contacts, thanks to which performers and listeners among themselves will honestly and transparently exchange musical works. Blocked and intelligent contracts on the platform will be used to protect the copyright of performers.
Fans will also receive an award in the tokens of the MZK platform for participating in various competitions and other events. They will be able to vote for the best artist and directly sponsor them, encouraging them to create new music content.
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All tools available on the platform will serve as the current existing intermediaries in the face of distributors and publishers and fairly distribute compensation for high-quality music content.
MZK token distribution
The main currency for exchange on the platform, including trade and investment, will be the internal MZK token, the ERC-20 standard token based on the Ethereum blockchain.
It will also serve as a means to build an autonomous ecosystem, a means to buy goods and services, and for many other functions.
Token: MZK
Standard: ERC20
Main sales: 205 million MZK
Total will be released: 1,000,000,000 MZK
Hard cap: 20,000 ETH
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Team
FOUNDERS
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MEET OUR TEAM
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Project conclusion: It is no secret to anyone that there is a lot of money in the music industry, which is why there are numerous problems that prevent musicians from receiving adequate remuneration for their work. But with the advent of such a platform as Muzika, this problem may disappear, since this ecosystem provides fair rewards through the use of blockchain technology and smart contracts. Considering the fact that the guys from the team have been working together for a long time and already have a working product with a large audience around the world, everything should work out for them.

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