What is Imusify

Let imusify help you find your creative voice, build a loyal following, discover great music, and reward your contribution. Imusify is an award-winning music platform that is reinventing the global music industry in order to liberate music makers, music fans, and music entrepreneurs. While existing blockchain music projects address some current pitfalls of the music industry, imusify is designed for the future. They are building a scalable and adaptable technology framework for artists, music lovers, entrepreneurs and developers to use our platform to connect with the imusify community, create collaborative content and build new use cases imusify is one of the pioneers of music’s decentralization movement. Other blockchain music projects also show leadership in tackling certain inefficiencies such as event booking and copyright management.

NEO Smart Economy

NEO’s vision for a “Smart Economy” includes the interaction between digital identities and digital assets using smart contracts to ensure trustful exchanges. Imusify’s utility token is built on the NEO blockchain, one of the most advanced smart contract-enabled blockchains in existence.
Smart Contracts
With the use of smart contracts, artists’ digital assets can be self-managed achieving a music “smart economy” within the NEO established a network. Smart contracts are protocols that facilitate credit transactions between users without the need for a third party or intermediary. imusify leverages NEO smart contracts to create a secure, democratic, censorship-free platform.
Digital Assets
By establishing a trustful association between digital assets and identities, users can register, trade, and circulate assets to conduct business. Digital assets are programmable physical assets that, when registered through a validated digital identity, are protected by law. The NEO community is able to organize networks like imusify to manage smart assets in an efficient, safe, and legally Through technologies such as P2P networking (via TCP and WebSocket), dBFT consensus (to guarantee fault tolerance), digital certificates (NEO smart contracts), superconducting transactions (supporting up to 10,000 tps as opposed to 15 tps on the Ethereum network), and cross-chain interoperability (the NeoX patent),binding manner
Digital Identity
The NEO “web-of-trust” compliance protocol also presents a key competitive advantage for imusify to differentiate itself over other music blockchain platforms. Using a “trust-ful”, as opposed to a “trust-less” system, digital identification exists to tie transactions to verified individual identity. Within a smart economy, digital identity refers to the identity information of individuals and groups/organizations in electronic form. These identities offer a secure end-point for individuals to conduct transactions with others.

The Music Smart Economy

Imusify exists as a platform that allows its users to connect, collaborate, and share experiences with other imusify users. The imusify network leverages the flexibility of decentralized systems to connect users in exciting ways. Imusify’s tokenized structure provides the IMU utility token to allow users to conduct transactions within the music smart economy. Imusify is focused on building a platform to serve the immediate needs of current participants in the music industry, while providing an open innovation space for developing new means of interaction and value exchange to serve the music economy in the near and distant future. Users with music related digital identities can issue content, experiences, and projects as digital assets in order to protect their ownership of their creative work, and track its life
cycle within the music economy. Smart contracts allow for music digital identities to trustfully conduct transactions. For example, an artist who registered digital identity distributes an album as a digital asset can use a smart contract to sell the asset to consumers and automatically receive payment from the transaction. Secure, transparent digital identities allow artists, consumers, producers, managers, venues, record labels, and other music stakeholders to establish an electronic identity as a means to interact, collaborate, and conduct transactions with other users.

Mission imusify

Marketplace of Music Industry Participants
Product suppliers will also be able to list their products on the imusify marketplace to be sold directly to artists and supporters. This marketplace allows participants to execute transactions pertaining to various business development or creative services and products including videography, production, advertising, content design, promotion and all other media-related or creative content. An independent musician can now utilize this functionality by taking his earnings directly to the marketplace and pay producers or engineers directly. Imusify is a place for all aspiring entrepreneurs, artists, and industry members to network and create communities.
Decentralized Exchange
Imusify will integrate the NEON Exchange’s (NEX) API to offer an in-platform exchange functionality that allows imusify users to exchange their tokens to other forms of currency instantly. The NEX technology is still being polished, imusify aims for full use of the NEX API to be available to users by Q3 2018. In order for artists and various user types to interact intuitively with the platform and conveniently realize their payments and rewards, it is crucial for there to exist a simple and convenient means to exchange IMU tokens to fiat and other currencies.
Transparent and fair payments
The system’s streaming platform is also designed to allow artists to offer discounts to a group of fans or during a certain promotional period. Per-stream rewards are monitored by imusify to ensure that compliance standards and regulations for royalty payments are met in relevant jurisdictions. As a music sharing platform, imusify automatically compensates artists on a per-stream basis by distributing funds directly to the imusify wallets of the individual or group of the given song’s rights holders
Co-evolutionary copyright management
Imusify will implement a multi-layered protocol that allows content creators to manage ownership rights and licensing information. An artist uploading a new song to the platform can for example, recognize the contributions of songwriters, a band, and others involved in the creation of the song by assigning them ownership rights. Once the new song generates revenue it will be distributed accordingly. Adaptable tools give artists complete control over their content and each revenue stream it generates.
Crowdfunding Engine
Artists also have the option to engage supporters more fully by providing affiliate licenses, where fans who support an artist can profit directly by promoting and selling content within their networks. This functionality re-envisions the current equity-based music economy by giving independent artists the exposure they need to create sustainable growth and providing opportunities for fans and supporters to play a direct role in individual and industry growth as a whole. Artists can launch crowdfunding campaigns to fund music products like albums, videos, and tours. Artists have the power to offer, if they choose, a reward to their supporters in the form of early access to content, tickets, merchandise, and VIP fan experiences.
Reward System
Imusify’s reward system is designed to incentivize quality contribution and curation on the platform by rewarding creators of social content (posts, playlists, comments) for certain actions. To promote the sustainability of imusify’s ecosystem and motivate quality engagement between users, the reward model has been adapted to eliminate the need for a “reward pool” of tokens by facilitating user-to-user rewards, as opposed to imusify-to-user rewards.

Imusify IMU Token

The IMU utility token is an NEP-5 token that will be available for purchase. A portion of the total ϑ IMU will be made available via a tokensale in order to fund the imusify platform’s development and launch. IMU tokens are utilities, not securities. Owning IMU tokens does not designate any ownership of the company, its intellectual property, or rights to profit from the period. IMU tokens will be used as the engine to support one of the first functioning blockchain music economies, creating an immense potential value for the token’s use throughout imusify’s infiltration into the industry. In each interaction or transaction between artists, fans, and supporters, ϑ IMU is either rewarded from imusify’s ϑ IMU pool or used as a currency for exchanging digital assets and services.

Ticker: IMU
ICO Token Price: 1 IMU = 0.0500 USD
Fundraising Goal: 25,000,000 USD
Total Tokens: 1,000,000,000
Available for Token Sale: 65%
Whitelist: YES
Know Your Customer (KYC): YES
Bonus for the First: UP TO 30%
Accepts: ETH, BTC, LTC, XMR, BCH, DASH, NEO
The imusify platform uses fuel as an accounting system for exchanging value between users. The token will be listed on several exchanges following the conclusion of the token sales. The IMU utility token will be made available to the public via a token sale eventThe token acts as a utility by allowing new or existing users to redeem their ϑ IMU tokens for platform fuel. Fuel is not a currency, it simply represents the value of ϑ IMU in the user’s preferred currency, and allows users to realize the token’s value as a utility by conducting transactions with other users on the platform. When users bring their IMU to the platform, they receive a number of credits equal to the IMU’s current trading value. The value of the ϑ IMU token will float based upon the current traded value.