MAESTRO - The Blockchain-based Music Streaming Platform For Artists and Listeners
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Maestro, a comprehensive music platform that integrates investment, distribution, and profit realization has arrived.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly is MAESTRO?
Maestro is a blockchain-based music streaming platform for artists and listeners. Maestro is focusing on fast software development of a smooth service for the music platform. Maestro uses EOS.IO-based blockchain technology. We chose EOS.IO because of its high scalability using parallel CPUs, far superior speed, and free transactions based on DPOS. To maximize profts for artists and minimize burdens for consumers, Maestro uses an EOS.IO-based blockchain that does not require any individual transaction fees from users. The cost of the blockchain is charged to the developer using EOS.IO. There are no costs apart from the coins deposited to the developer. We use EOS.IO blockchain technology to increase the benefts of decentralization for all users.
The maestro consists mainly of two parts: "Symphony", streaming service and "Ensemble". Creative people can raise funds for their projects through the Ensemble. Once the project is complete, they can distribute their creations and generate revenue through Symphony. Distribution and processing of rights, copyrights and transparent transactions, conducted through Symphony according to data recorded on the Maestro blockchain.
Maestro will be a new paradigm for the music industry. Maestro will provide an enabling environment for unhindered creation, as well as an ecosystem that fairly shares the rights of work between the creator and investor, as well as the benefits among all participants in the token. Maestro is committed to revolutionizing the media industry and working with existing parties.
Ultimately, Maestro aims to help and develop more variety of creative people.
Mission and Goals
"To create a productive environment where artists are actively supported, a structure in which the rights of creative works are fairly allocated, and an ecosystem where artists and investors can cooperate to share profits" Maestro's goal is to change the current centralized management system to a decentralized platform among users with blockchain technology. Ultimately, we want to revolutionize the music streaming industry so that the profits returned to artists and investors are more fairly distributed.
Inevitably, there will be obstacles to implementing new technology in an already mature music industry. New technology must harmonize with the current industry's structure and has to be accepted by all its stakeholders. Barriers to entry are even higher due to the strong culture and longstanding conventions of the industry. Therefore, Maestro's team will focus mainly on segments where blockchain technology can be realistically implemented. It must reconcile with the existing bureaucratic music industry to make swift progression.
Maestro's goal is to decentralize all areas of service. The Maestro team has reviewed the technology for implementing file transmission, streaming, and other functions using distributed servers. The Maestro System will use a distributed server system called IPFS (The InterPlanetary File System) to transmit streaming files. IPFS is a distributed file system that uses a structure to connect computers to the same file system.
IPFS has implemented a server- and client-based web using a P2P method. Previously, webs could only be maintained using a centralized server. With IPFS, webs can be distributed and maintained without a centralized remote server. In other words, even if a server becomes inoperable, the files are distributed through P2P, allowing them to be shared without delay. EOS.IO uses IPFS to implement the distributed storage, which is also the reason EOS.IO was chosen for the Maestro system. Developers using the EOS.IO platform put up a set amount of coins in order to guarantee the CPU and storage usage for the EOS.IO blockchain. As the holder of the Maestro tokens, Maestro allocates the profits generated by its platform to all other token holders.
Maestro is also allocated with platform profits based on the number of tokens we hold. Part of these allocated tokens will be used to purchase and deposit EOS coins to ensure smooth Maestro system operation, leading to quality service maintenance and enhancement. Maestro will progressively upgrade the Maestro system, according to the development stage of EOS.IO.
The Maestro team promises to lead the project efficiently and decentralize service operations progressively. We seek to address any of the problems or uncertainties found in other music platform projects, and hope to operate and expand our operation in a practical and rational method.
Maestro's Profit Structure
Payment for users only for what they listened to. At the same time, payment is lower compared to other services. In simple words, payment for actual consumption.
For artists to solve the problem of raising the price of production. As a result, artists will receive a fair profit. No need to worry about the cost of producing music. Creative works will have their rights.
All profit distribution among the holders of the tokens.
Artists can establish a distribution ratio.
Transparent profit structure of the service.
Absence of intermediaries in the decentralized streaming service.
The platform offers two dapps: Ensemble and Symphony.
Ensemble: Community Mobilization Center for Artists and Fans.
Ensemble will provide safe artists, and direct donation methods throughout for new or existing projects. Fans who contribute to the project, on the other hand, will be able to directly engage with the creative process of the artist they like best. The great composer believes that such an ecosystem will benefit both sides and open new boundaries for the artist - the audience.
Symphony: Creator and Consumer Service Flow.
The symphony will serve the world's music industry with a fair and efficient distribution system. Creators, on the one hand, will be able to take away the real profit that they deserve. Consumers, on the other hand, will love the online music service constantly, less expensive. Supported by the Interstellar File System (IPFS), which works on the EOS network, Symphony Orchestra will provide high quality music with a simple touch.
Only pay for the amount listened to
Payment based on actual consumption
Lower fee compared to other services
No worries regarding raising production costs
Fair profits for artists
Music production costs raised through funding
Rights secured for creative works
Construction of a production cost funding environment for artists
Expands investment opportunities for regular consumers
Win-win solution for artists and investors
Fair Music Streaming Service for Consumers
Decentralized streaming service with no middlemen
A fair payment structure based on actual consumption
Lower costs compared to other streaming services
MAESTRO, From K-Pop to the World
MOU in progress with major production companies and artists
K-Pop-focused strategy to obtain a geographical advantage
Intend to expand to other regions after dominating the Asian market
Introduction of K-Pop Curation service
Maestro Token (MAE)
The Maestro Token (MAE) is the base currency of Maestro. This token is the payment method for the streaming service and will be listed on the exchange. All payment methods within the service will use Maestro Tokens. Investment profit will also be distributed in Maestro Tokens.
Name of the tokens: MAE
Total number of tokens released: 1 000 000 000 MAE
Number of tokens for sale: 620 000 000 MAE
Private Sale round: 16.06.2018
Start 1st ICO: 30.06.2018
Start 2nd ICO: 16.07.2018
The price of the token: 1 ETH = 10 000 MAE
Soft Cap for ICO: None
Hard Cap for ICO: 62 000 ETH
Stake of Music (SOM)
Stake of Music (SOM) is the proof of rights to creative content given to investors in projects. SOM is initially held by the artist, who can choose to allocate it among investors at the crowdfunding stage. SOM holds the rights to profits generated by the creative work; all profits from the platform are equitably allocated based on the SOM ratios. SOM transactions are all recorded on the blockchain.
Maestro Point (MSP)
Maestro Points (MSPs) are the influence used for upvotes and downvotes in the Symphony streaming service. MSPs are granted based on the number of Maestro Tokens (MAEs) held, streaming service usage, and SOMs obtained by participating in Ensemble funding.
Maestro Token Sale
Token Usage after ICO
Total usage of tokens can be divided into five components: 40% on engineering and software development; 25% on marketing and business development; 15% on operational expenses; and 10% each for license fees and legal expenses.
MEET THE AMAZING TEAM
Be a part of this incredible project. Download the whitepaper for the full scoop.
Till next time…
For more information, please visit:
Website : https://maestroproject.io/
ANN Thread : https://bitcointalk.org/index.php?topic=4391640.0
Facebook : https://www.facebook.com/rightchainlabs/
Twitter : https://twitter.com/MaestroProject1
Instagram : https://www.instagram.com/maestroproject/?hl=ko
Telegram : https://t.me/maestroico
Medium : https://medium.com/@maestroproject
GitHub : https://github.com/maestro-project
My BitcoinTalk Profile: https://bitcointalk.org/index.php?action=profile;u=1326035
Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.