Top 2018 ICO Project: Earn Money by Listening to Music
MusicLife, the world’s first music exchange
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.
With global adoption of the Internet and the development of mobile music technology, listening to music on mobile devices has never been easier. People listen to music during all their activities such as working, eating, studying, communicating, showering, and even while sleeping.
Globally the number of paying users are approximately 176 million, bringing nearly 20 billion US dollars industry revenue growth in total. The revenue of streaming media is still increasing with a year-on-year growth of 40%, accounting for more than 54% of the total industry revenue. However, over 86% of the huge market share is owned by the top three record companies. Music platforms pay sky-high copyright fees to record companies each year. On the other hand, record companies are taking advantage of their monopoly to hike the copyright charges and this is becoming unbearable, even if for large music platforms.
For example, the biggest digital music platform Spotify which owns 71 million paid subscribers, had 1.5 billion US dollars’ worth of financial loss last year due to unchangingly high music copyright fees.
Many artists’ revenue of streaming songs reached millions of dollars in several days, but most of their revenue has flowed into the record companies. If there is a model that can benefit every aspect of music production and allow users to earn revenue by listening to songs, it will be a new revolutionary trend of the music industry.
Because of our faith in the value of music, we launched MusicLife — world’s first music exchange. Musicians, record companies, and consumers will not lose their benefits in the MusicLife ecosystem. Instead, they will fully enjoy the return on their investment.
In MusicLife, the value of the song is no longer dependent on the value of the copyright, but is instead based on the robust valuation system that is a combination of digital currency Mitcoin (MITC) and digital property proof MusicToken.
Each song is free to listen to if it has less than 50,000 plays. When a song is played over 50,000 times, a fixed price is generated by AI to play this song and a unique blockchain property right certificate of this song, MusicToken, will be generated.

Rather than a traditional copyright, MusicToken represents the digital property right of a song. By virtue of blockchain technology, MusicToken can be divided into a lot of shares, and its revenue can be distributed to each MusicToken holder, thus realizing the vision that countless people can share the property right of just a single song.
The MusicToken equity distribution ratio is as follows 95% for owners of songs and the remaining 5% held by MusicLife. After a song’s MusicToken is generated, it will automatically be listed in the MusicLife music exchange and will be free to trade by anybody. The revenue of each song will be shared through dividends entirely based on the proportion of MusicTokens held by the users.
Similar to stocks, a song is listed just like a company. The leader of this company is the songwriter and the shareholders are the users who have paid to play the song. When a song is played by an increasing number of users, it means the company is performing better, and the MusicToken equity price, as the stock price will rise accordingly. The song’s owners’ revenues will also continue to increase. With this system, listeners, musicians, and songs will establish an interdependent relationship. Listeners will actively assist musicians in broadcasting songs of which they are shareholders, creating a virtuous circle. This marks a true investment in music and will lead to fully enjoying the return on music royalties.
As music pricing is crucial, MusicLife needs to ensure that the playback data is credible and cannot be falsified. Therefore, we use an embedded system to access playback hardwares in order to calculate the amount of music played over time. Any music playback hardware, providing it can ensure that the music is heard by a real user, will have access to the MusicLife system. As a result, we can ensure that the source data is collected from real-time listeners. MusicLife will also pay the data provider, MitCoin, correspondingly. The first playback hardware connected to MusicLife are MusicLens™ Audio Glass (www.music-lens.com).
MusicLife works via SDK to access music playback software and distribute music sold in MusicLife. Software joined with MusicLife will share in the profits generated via users purchasing music. Access to the MusicLife SDK is free, and any approved music software can access and become distributors to jointly build a mutually beneficial music ecosystem. The first music software launched via the MusicLife SDK is the APP — echo.

This is the commercial model that the entire music industry has dreamed of since the digitization of music. In the blockchain system, this model will become real for the first time. Due to the incomprehensible amount of digitized music and a large number of shareholders, this model cannot be achieved in real life through a team of lawyers and the power of the internet alone. But through the blockchain, MusicLife can perform fast transactions, bookkeeping and confirmation of rights without the need for human verification.
Recently, MusicLife has closed a $5 million Series A investment, led by Metropolis VC. MusicLife is about to launch ICO in September and will be listed in the exchange around late October~early November. The total amount of MitCoin issued will be 6 billion and will never increase in the future. Only 2% of tokens — 120 million tokens, are available for public sale.
ICO Price: 1 MITC=0.01 USD
ICO Amount: 120,000,000 MITC
Minimum Invest Amount: 100 USD
Maximum Invest Amount: 10,000 USD
Maximum Invest Bonus: 10% extra MITC
MusicLife will make the music industry more open and transparent and bring back music creation to its original purpose. Join MusicLife now and experience the new wave of music revolution! Register Now and finish KYC: https://www.musiclife.io/detail

MusicLife is operated by the Singapore-based non-profit organization MusicLife Foundation and the Japanese company MusicLife Co. Ltd.
Official website: https://www.musiclife.io/
Twitter: https://twitter.com/musiclife_mitc
Facebook: https://www.facebook.com/MusicLife.MITC/
Telegram Channel: https://t.me/musiclife_blockchain
Telegram Group 1: https://t.me/musiclifeblockchain
Telegram Group 2: https://t.me/musiclifeblockchain2
Telegram Group 3: https://t.me/musiclife_blockchain_3
Telegram Group 4: https://t.me/musiclifeblockchain_4
Echo Group for Chinese users: http://www.app-echo.com/group/31503
Disclaimer: This article is only to be used for the purpose of information communication, it does not constitute an offer or payment of MitCoin and related suggestions of participating into this platform’s investment. The above messages or analysis do not constitute investment advice. This article does not constitute any suggestion of investment, investment intention or soliciting investment. This article does not constitute and cannot be understood as an offer or an invitation by or on behalf of the company or the sponsors and co-leaders to subscribe to or purchase any securities. It is also not any kind of contract or commitment. The interested users clearly see the risks of MusicLife™. Once a person takes part in an investment, she/he understands and clearly knows and accepts the risks of the project.
