Audio Exchange Protocol built on EOSIO. Decentralising the music industry. Emanate ICO rating – 75
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Ended ICO : 01/10/18 – 28/12/18
Roadmap: 6/10 Legal: 3/5 ICO terms: 3/5
Team: 16/20 Token applying: 5/5 Promotion: 15/20
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Rank in IN – 258563
About Emanate ICO (token sale)
Emanate ICO is an audio exchange protocol designed to enable producers, distributors and influencers in the music industry ecosystem to connect via blockchain based smart-contracts. The EMANATE ICO (MN8) token is the cryptographic asset that will be sold in the early stages of the Emanate maturation journey. The tokens should be bought by those who wish to claim a position in the Emanate ecosystem because they believe in a decentralised future for the music industry.
If the Internet were designed today it would look more like a distributed blockchain network than a centralised server based system. Similarly in the music industry today, the road to monetising music can be highly centralised. Neither serves the contemporary 21st century music technology needs or the needs of the audiences.
Many problems exist for artists, remixers, DJs and labels; the payment lag for creative works, the contractual complexities associated with collaborations, difficulty licensing small bits of audio and the current music industry financial processes. These, and the legacy structures that exist impede progress and integration with today’s technological advancements.
With Emanate ICO, artists, DJs and music influencers may find a way to share more output with each other and their fans, earning income proportionate to their contribution, whilst increasing their influence and notoriety. Emanate could help listeners and fans discover new music, connecting them to artists in previously unimaginable ways, enabling them to contribute directly to their favourite artist’s success.
We recognise the music ecosystem consists of more than just artists and listeners. Behind the success of many great tracks are samplers and audio pack makers; tastemakers and influencers; labels and promoters. We believe it’s critical that all contributors are rewarded fairly, whilst also providing incentives for audiences and supporters.
EMANATE ICO (MN8) TOKENS
The EMANATE ICO (MN8) token economy has been one of the primary focuses on developing the Emanate ecosystem. The EMANATE ICO (MN8) token is central to the utility and ongoing governance of the platform. Emanate have and continue to work closely with Actuaries and Lawyers to design our token economy to be beneficial to token holders at all stages.
The purchase of EMANATE ICO (MN8) tokens is considered a to be made as an intention to participate in the future Emanate ecosystem. The tokens and token-economics are designed to also make EMANATE (MN8) tokens useful to the owner, giving token holders access to platform features, and requiring the use of EMANATE (MN8) for certain types of transactions.
EMANATE (MN8) may be required for the following functions:
- Artists to publish music for monetisation
- For listeners to consume audio
- Network node holders will likely be required to power the network; they will need to stake EMANATE (MN8) tokens and may also receive tokens as payment in return for the node operation services.
The aim of the EMANATE ICO (MN8) token is not only to utilise the services within the network but as an incentive mechanism to the broader community to provide services to the Emanate ecosystem and ultimately creating a more valuable and beneficial platform for all. This could take the form of rewards paid in return for the service of running an Emanate network node or rewards paid for other Emanate ecosystem services.