MusicLife
MusicLife
Token: MITC


World's First Music Exchange

ICO dates
Start date: 2018-09-17
End date: 2018-10-30

Registrated in: Singapore

Platform: Ethereum
Type: ERC20

PREMIUM ICO

HARA

Empowering billions by utilizing a global and transparent data exchange.
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Goal: 17,000,000 USD
Price: 1 HART = 0.059 USD

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MusicLife categories
Business services Cryptocurrency Internet Investment Media
MusicLife whitepaper
Video
MusicLife token sale
KYC passing required No | Whitelist No | Restriction for countries China
Soft cap 1000000 USD
Hard cap 1200000 USD
Tokens for sale 120000000
Token distribution in ICO
2
2
Minimal investment 100 USD
Acceppting ETH,USDT
Bonus in ICO 10% extra MITC for maximum invest amount (10,000 USD)

MusicLife is a blockchain music exchange ecosystem that allows fans own “stocks” of songs and purchase music. Every shareholder can earn dividends directly from their song shares. MusicLife is also pioneering a model that lets users mine cryptocurrency by listening to songs on musical wearables. Since launching this June, over 600,000 people have signed up on the MusicLife exchange, which has over 30 million users in its ecosystem. 

On MusicLife, music holders (artists or record companies) can license their copyrighted music to the platform where it will be free to listen to until it hits 50,000 plays. Once a song reaches this threshold, an AI-powered mechanism will set a price for it based off frequency of plays and create a MusicToken. MusicTokens represent the property rights of songs and are split into multiple shares. Music holders will own 95 percent of shares and MusicLife will own five percent of shares. Fans will have the opportunity to purchase up to 45 percent of existing shares from music holders. 

While paying for music, fans can get song shares in the equivalent amount of the song’s listening price, which will remain at a low rate of around one dollar. In addition to paying to listen to songs, users can purchase and exchange shares of songs with MitCoin (MITC) on the music exchange directly. As songs increase in popularity, MusicToken shareholders earn MITC dividends. 

MusicLife also allows other softwares to embed their music libraries for free via an SDK. Software linked to MusicLife will share in the profits generated by users purchasing music. The first software embedded is the app echo Music which provides innovative music services and has 30 million users worldwide. 

MusicLife has also developed a model which lets users mine cryptocurrency by simply listening to song on connected musical hardware. Musical wearables can connect to MusicLife through an SDK which allows the hardware to collect listening data and establishes MusicLife’s song prices. In exchange for their listening data, users who opt in will earn MITC directly, effectively mining cryptocurrency by listening to music. The audio glasses, MusicLens™ will be the first piece of hardware to connect to MusicLife’s ecosystem. 

MusicLens™ are trendy glasses that use bone-conduction technology to play music without headphones. MusicLens™ glasses also have sensors which can verify that a human is listening to a song, allowing MusicLife to accurately set song prices in their ecosystem. MusicLens™ will be in mass production in late 2018. 

MusicLife news, social
MusicLife search trends in Google
Random whitepaper excerpts

Catalogue
1. Strategic Overview

1.1 The current state and problems with the music industry

1.1.1 Technological advancement drives music revolution, and digital

music leads to the development of the industry
1.1.2 A digital music market dominated by record giants and burdened by
copyright restrictions and lack of fairness, transparency and a

sustainable business model
1.1.3 Reconstructing the music industry chain with blockchain and a token

economy
1.2 A life of music with MusicLife: a distributed music

sharing and trading platform
1.2.1 Changing the profit structure in the music industry

1.2.2 Connecting with many music DAPPs to form a multi-core union

1.2.3 Music valuation based on real play time data collected by music

playback hardware
1.2.4 Pioneering the model of 'cryptocurrency mining while enjoying

music through hardware.'
2. The Token Economy System
 <...

3.4 Storage data types

3.5 Blockchain and smart contracts

3.6 Logic layer

3.7 Application layer

3.8 MusicLens™ Hardware Technology Explanation

4. Business Solutions

4.1 Business Logic

4.2 Business Model

5. Real Life Practice

5.1 Echo: The first DAPP launched in MusicLife

6. Platform Governance Structure

6.1 Community structure

6.2 The Decision Mechanism

7. Team Introduction

8. MusicLife Development Roadmap

9. Disclaimer

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We have always firmly supported genuine, licensed music and opposed any kind of
piracy actions. However, the music industry is urgently in need of a reasonable profit
distribution plan and a fair and transparent copyright management system to
promote a positive creativity circle across the whole industry. On a music platform
that builds upon the blockchain and token economy models, musicians and digital
music service providers will be able to get rid of the past profit distribution model,
which relies heavily on record companies and copyright agencies and have more
decision-maki...

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MusicLife Roadmap

1
January 2018
Create inspiration. Design frameworks and economic models.
2
February 2018
Successfully negotiate with the first batch of hardware and software partners. Complete the first edition of white paper. Start technology research and development .
3
March 2018
Foundation registration. Official website goes live.
4
April 2018
Improved economic model. Decision as to the design of the public blockchain.
5
May 2018
Generate MITC token. Draft second edition white paper.
6
June 2018
First telegram drops 100,000 people, 3 days to achieve the goal. Update second-generation official website. Update second edition white paper. Total drops 300,000 people in June.
7
July 2018
In july, the total number of airdrops reached 600 thousand. Access first software: echo.
8
August 2018
Access to the first digging MITC hardware: MusicLens. Launch the first warm-up activity.
9
September 2018
Start ICO. MusicLens "mine machine" goes into production and can be purchased.
10
October 2018
First celebrity collaboration.MITC launched on the first music exchange.First musician joins.The first song to support online trading.
11
November 2018
10 musicians. 100 songs settled.
12
December 2018
The first ‘international superstar’ joins. Active users up to 50,000. Create a song valued over one million dollars. 100 musicians. 1,000 songs settled. MusicLens ‘Miner’ produces 100,000 units.
Kaiming LIU
Team member Kaiming LIU Founder and Chairman

Yijun Hong
Team member Yijun Hong Chief Executive Officer

Rui Shi
Team member Rui Shi Chief Technology Officer

Java Ma
Team member Java Ma Chief Growth Officer

Junyi Liu
Advisor Junyi Liu Music technology industry advisor

Clarence Guo
Advisor Clarence Guo Global Legal Consultant

Clarence Guo
Clarence Guo
Global Legal Consultant
TZEDEK LAW LLC DIRECTOR
Director at xTzedek Law LLC, PUC Foundation Legal Counsel