Muzika’s electronic tunes ecosystem will work as a channel for distributing and publishing music content while supplying reasonable compensation to artists. Fans will even have to partake in all phases of a song’s lifecycle, ranging from sponsorship and manufacturing to consumption.
Within this self-sustaining ecosystem, community people is rewarded with loyalty points for a variety of community activities, like voting, commenting, posting, and sharing songs. These loyalty points is then changed into Muzika’s utility token, MZK. The ecosystem also provides a direct link between sponsors and artists, allowing sponsors to cover artists straight for his or her music.
All transactions between sponsors, fans, and performers is recorded on the blockchain, which is a decentralized, safe, and immutable ledger. Outside streaming solutions may also be in a position to participate in the ecosystem using similar shared blockchain ledger, which guarantees ultimate transparency when accounting the number of streams and subsequent royalty payouts.