first truly open market for digital royalties and decentralizing the power of the music industry across the listeners who enjoy it. Muse Protocol ICO rating – not rated.
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Active ICO : 05/01/20 – 31/01/20
About Muse Protocol ICO (token sale)
The Muse Protocol ICO is the foundation of the Muse Ecosystem. It is a collection of permanent rules and triggers that outline key functions for operations throughout the decentralized applications built utilizing The Muse Protocol. Built on the Tron Blockchain, Muse Protocol ICO is a TRC-20 Compliant Smart Contract created to issue and maintain an immutable record of all transactions conducted within the Muse Ecosystem. This includes Muse Platform, Muse Exchange, Muse Application, Muse Token, and Muse Dollar. Muse Protocol will also feature a built in trustee system, security overwatch, and democratic expansion system.
Muse Token is the ecosystems ownership and delegate voting token.
Every smart contract ecosystem generates a utility token used as a form of “gas” which initiates, transfers, and maintains different transactions following the set rules and conditions outlined in the smart contract it is born from. Muse Token is the voting utility token generated by The Muse Protocol Smart Contract and is used as a form of delegate token to measure the amount, and weight, of a vote within the ecosystem.
The amount of Muse Token ICO one holds determines several factors including; amount of votes during quarterly democratic expansions, the weight of those votes as normal or master delegate votes, and the amount of quarterly stable gas distributed based on that held amount. Based on the type of proposal created, a certain amount of master delegate votes is required to make it pass, along with a certain amount of normal delegate votes. This amount of required votes will vary entirely based on the magnitude of the change pro- posed to the ecosystem and the urgency of the proposal. 1 Muse Token is equal to 1 normal delegate vote, while 1,000 Muse Tokens is equal to 1 master delegate vote.
Every quarter, Muse Token ICO holders will be alerted with a list of ideal proposals, frozen transactions, budget statements and other votable items that all pertain to the future of Muse for the quarter moving forward. Voting on these changes will enable your gas distribution to take place for the previous quarter, and en- ables your delegate status to remain active within the community. Maintaining a positive delegate status within the ecosystem is the key to becoming a Muse Stable Gas Distributor. A more in-depth technical explanation on Muse Token and Stable Gas Distributors can be found in our Technical Paper.