Musiconomi is an ecosystem where sharing and promoting great music deserves its own reward and where artists can incentivize social sharing to suit their needs.
Musiconomi will reshape the way listeners and musicians engage, building on the capabilities made possible by the Musicoin blockchain. We envision a rich ecosystem where sharing and promoting great music deserves its own reward and where artists can incentivize social sharing to suit their needs.
The new token - Musiconomi (MCI) - is designed to make this type of system possible through a unique revenue sharing model. The new suite of features including playlists, streaming radio, virtual merchandise/ticket storefronts, and others will be available to token holders, enabling them to generate and earn revenue.
Musiconomi will continue to use the Musicoin blockchain and currency for payments, as Musicoin is intended to be a stable and spendable currency supporting pay-per-play transactions.