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Muzika Network- Transforming the Music World through Blockchain Closing the Gap Between Music Artists and Fans


About Muzika Network
Previous music blockchain projects have overlooked the importance of a large userbase to achieve widescale adoption. These projects have demonstrated that it is possible to give a higher commission rate to artists for their work using Smart Contract transactions. However, for artists, the low commission rate offered from traditional music streaming apps that had huge userbases were more attractive than blockchain apps using Smart Contract transactions. Case in point, a 10% commission of $1,000 from iTunes was preferable to 90% commission of $1 from a Smart Contract transaction.

Muzika aims to provide musicians the best of both worlds: a higher commission rate for their creative content and a strong userbase. Muzika has developed a strong system for incentivizing fans to contribute to the Muzika ecosystem. These incentives will build the userbase necessary for Muzika to provide both higher commissions to artists along with the mass userbase of traditional music streaming sites. The network effect from a mass userbase will be the key to developing an autonomous, self-sustaining ecosystem. In other words, Muzika can provide musicians with 90% of $1,000.

Muzika has already made significant achievements towards the development of sustainable solution to inefficiencies in the digital music industry. In 2015, co-founders of Muzika saw an opportunity in the online instrumental music industry and started online instrumental music platform Mapiacompany. In just over 3 years, Mapiacompany has become the #1 global instrumental music platform with over 2 million users. Muzika will build upon this existing userbase and community.
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THE CHALLENGE
Musicians and fans are the real value creators in today’s music industry,

but they are not properly rewarded for their value creation.

Musicians are starving. Everyone listens to music, more people pay for music, but artists are still not making money.

Fans (that’s us) are still pigeonholed as consumers, though we are the ones who actually make super-stars! We devote our time and effort to vote, make cover songs, go viral, and even write fictions for our favorite artists, but no one rewards our effort and devotion.

Intermediaries (distributors and platforms) are making excessive profit for one time and unsophisticated tasks of 'transferring' the ready-made values.

Muzika will bring innovation to the value chain in digital music industry
We will reform how value is created and captured by various players within the industry. We will return rewards to those who create the value, from those who merely transfer the value, while recovering the share lost from digital piracy through blockchain technology.
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WE ARE NOT STARTING FROM SCRATCH
MAPIACOMPANY, Global No. 1 Instrumental Music Platform

3+ Years of experience

150+ User nations

2,000,000+ Users

17,000+ Artists

Muzika is built on 2 million active users

Unlike hundreds of ICOs without proof of practicality, Muzika is not starting from scratch. The token economy is strongly built on the backs of our existing, profit-generating, and privately & publicly funded business with 2,000,000 active users & subscribers from 150+ nations and artists from 30+ nations.

Through years of experience, we have learned the precise ways to build a community run by loyal and incentivized individuals: a key to success of any community-based blockchain projects.

Muzika will create an autonomous, self-sustaining ecosystem driven by artists and their fans in tandem, where compensations and rewards will become proportional to the level of devotion put into musical creations and ecosystem behind them.

Smart contract will allow digital musical products to be transferred directly from artists to fans, ensuring fairer and more transparent economic distribution.
Fans will be rewarded with loyalty points for their various community activities, which will be regularly converted into MZK coins - the sole medium of exchange for all economic activities in the ecosystem.
Fans will have opportunities to make direct sponsorship to their favorite artists, supporting them and receiving exclusive benefits in return.
The MZK Coin
Muzika coin(MZK) was deliberately designed as the backbone of this new ecosystem. The team has analyzed both successful and failed cryptocurrencies, past and present, and established a clear vision of what is necessary to make this project a success.

MZK will serve as the sole medium of exchange for all economic activity within the ecosystem including trades and sponsorship, all while assisting growth via a few free services targeted at community novices.

4 MAJOR FUNCTIONS
Community Building

The Muzika ecosystem will contain all the functions and activities necessary to truly achieve self-sustainability.

These range from creative brainstorming, crowd-funding, exchange of feedback, and more.

Commercial Items

Muzika will incorporate major features that have made players in the traditional digital music industry successful. We will provide community members with marketplaces for streaming, sheet music, instruments, and more.

Sponsorship Opportunities

Users may sponsor artists and become their patrons in various ways including regular subscriptions. As patrons, users can enjoy exclusive & sponsor-only products, services, and opportunities to be inolved in the creative process of a musical product.

Community-wide Programs

The real bread and butter of the Muzika ecosystem will be the spirit of creativity. Community programs and events such as auditions, contests, crowd-funding drives, live-streaming events, and other such activities driven by member involvement will be a focal point of Muzika.

TOKEN METRICS
Total number of tokens: 1,000,000,000

Total number of tokens for sale: 205,000,000

% for sale: 20.5 %

Hard-cap: 20,000 ETH

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ROADMAP
Our revolutionary journey has just begun

February2017: Project conceptualized

July2017: Commencement of platform modeling

February2018: Tokenomics Structure Design Completed

April2018: Platform Testing Begins - Login protocol - IPFS tech. application

June2018: Platform Testing Completed - Realtime encoding/decoding - Testnet Operation

September ~ December2018: Testnet Prototype Launch Mainnet Prototype Launch Integration of MZK transaction system to the existing platforms

January2019: Phase 1 Service Launch - Consumption-oriented services

February2019: Phase 2 Service Launch - Production-oriented services

April2019: Phase 3 Service Launch - Official global launch of the full Version Muzika ecosystem

2020 ~ Reshaping the Global music industry

FOUNDERS
Co-founders are one of the youngest and most successful entrepreneurs in South Korea startup history, averagely aged at 22.

All of them were awarded Forbes 30 Under 30 Asia 2018.

Inseo Chung: CEO & Co-Founder

Serial Entrepreneur and Professional Pianist

2nd Place, National Student Music Competition

One of the earliest Ethereum miners in Korea

Sangmin Heo: CTO & Co-Founder

Computer Science, Hanyang University

Global Finalist, Intel Science and Engineering Fair(ISEF)

Sole Developer of 'The Bamboo Network'

Jangwon Lee: COO & Co-Founder

Business Adminstration, Seoul National University

Co-founder of Shadal Inc and Youthglobe Korea

Trilingual entrepreneur with key global networks

MEET OUR TEAM
Seungwon Kang: Blockchain Core Engineer

Computer Science, Hanyang University

ROK Military Network and IT Security Specialist

Chaehong Jeong: Blockchain Platform Engineer

Computer Science, Hanyang University

Multiple Awards in Algorithm PS Competitions

Jungwoo Lee: Head of Business Development

Certified Public Accountant, Korea (KICPA)

Business Administration, Seoul National University

William Wu: Head of Global PR

Professional in China & Cross-cultural Business Operations

Minkyung Lee: Brand & UX Designer

Visual Communication, AAA School of Advertising

Jihyun Kim: DevOps/Server Engineer

Hyunju Hwang: Frontend Developer

Kyunghee Chang: Frontend Developer

Jaechan Ahn: AI/ML Researcher & Server Developer

Sukyung Na: Head of Global Business

Yeji Chung: Head of Music Management

Seongheon Cho: Head of Compliance

ADVISORS
Michael Cho: Non-executive Director of Kakao

Yoonwoo Lee: (EX) CEO & Vice Chairman of Samsung Electronics

Stella Kung: CMO of QTUM

JoonKee Hong: Non-executive Director of Kakao Bank

Inkyu Choi: Naver Venture Capital

Brian Lee: Managing Director, BlackHorse Group

Adrian Lai: Managing Director, BlackHorse Group

Sam Lang: (Ex) Rocket Internet MD

Jonathan Lee: Chief Corporate Officer of Yello Digital Marketing Group

Alyssa Tsai: Founder & CEO of PANONY

Myunsik Cho: Lawyer, Dongnyuk LLC

Kevin Yeung: Partner, Bitshine Group

JangYoon Kang: Associate at CDIB Capital

Allen Ng: CEO & Founder of Everest Ventures

Herbie Fu: Co-founder of T3 Labs / Asia Representative of Cryptic Labs

Dee Hu: Co-founder of T3 Labs / Global Partner at DoraHacks

PARTNERS
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FOR MORE INFORMATION CLICK LINK BELLOW:
Website: https://www.muzika.network/

Whitepaper: https://www.muzika.network/assets/mzk-whitepaper-en.pdf

Telegram: https://t.me/muzika_english

Facebook: https://www.facebook.com/muzikanews/

Twitter: https://twitter.com/muzika_official

Reddit: https://www.reddit.com/r/muzikaofficial/

Medium: https://medium.com/muzika-official

My Bitcointalk Profil: https://bitcointalk.org/index.php?action=profile;u=1445202

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