sabqie: Token Ecosystem Tune.FM JAM Token

We started this mission to create global independent music a marketplace for artists to collaborate, share their music, and connect directly with their fans. Our goal is to democratize access to music and increase the playing field for artists around the world. Today, Tune.FM is a thriving music marketplace where you can find great independent music from around the world. NS Tune.FM JAM Token is a Hedera Hashgraph powered music token to enable a global decentralized music streaming marketplace platform for artists and fans alike. We will use the JAM token to create a fully tokenized music economy that allows for direct micropayments between artists and fans for streaming and music curation.

Music is More Valuable

Music is the most sticky form of media in the world and has a long history of connecting people through a common language. Has the power to change moods, stir emotions, unite communities, and life changing. Many neurological studies decipher music profound effect on the brain and the great power it has in our bodies. However, music remains one of the least monetized media forms compared to photos, texts, and videos of music artists with heavy losses in the market. The NS industry has been held back by the current licensing paradigm and the big labels that support it. Millions of artists around the world struggle to survive and bring their music into the world to be heard. Today's digital music landscape is ripe for distraction and change. By bringing together music discovery and cryptocurrency in one cohesive place, we can create innovative experiences that elevate artists from around the world and delight fans more than ever.

Features

ARTIST & FAN REWARDS: JAM rewards creators and curators. Artists earn tokens as creators when fans stream their songs. Fans earn tokens as curators by reviewing music. Artists can promote their music with tokens for streams, and fans can earn tokens simply by streaming music.

GLOBAL MICROPAYMENTS: With virtually no fees, Hedera Hashgraph enables borderless micropayments between artists and fans making it possible for the first time to monetize music streaming direct to fans around the globe without high transaction fees.

LIGHTNING FAST: With unprecedented throughput speed of hundreds of thousands transactions per second per shard, Hedera Hashgraph's unrivaled performance makes it possible to process transactions from high volumes of concurrent users without waiting for network confirmations.

BANK GRADE SECURITY: Hedera Hashgraph's DLT (Distributed Ledger Technology) utilizes a virtual voting consensus algorithm that is PoS (Proof of Stake) and aBFT (Asynchronous Byzantine Fault Tolerant), reaching consensus within seconds with 100% certainty.

MUSIC DISCOVERY PLATFORM: Tune.FM is a fully featured music discovery platform and social network. We will be replacing the fiat marketplace with a fully tokenized economy which will be called Tune.FM.

Token Ecosystem Incentives

JAM is a non-refundable functional utility token that will be used as a medium of exchange between participants on
Tune.FM in a decentralized way. The purpose of introducing JAM is to provide a convenient and secure mode of payment and settlement between interacting participants within the ecosystem on Tune.FM, and is not, and is not intended to be, a medium of exchange accepted by the public (or any part of the public) as payments for goods or services or for the settlement of debts; nor is it designed or intended to be used by anyone as payment for any goods or services not provided exclusively by the publisher. The JAM token solves the problem of micropayments in the music industry. Leveraging cryptocurrencies and distributed ledgers technology, the JAM token enables a direct symbiotic relationship between artists and fans, without the need for intermediaries to collect licensing fees for streaming and distribution.

JAM also provides economic incentives that will be distributed to encourage users to contribute and participate in the ecosystem on Tune.FM, thus creating a mutually beneficial system. where each participant is fairly compensated for his efforts. JAMS is an integral and inseparable part of Tune.FM, because without JAM, there would be no incentive for users to shop for resources to participate in activities or provide services to benefit from the entire ecosystem on Tune.FM. Given that Additional HOURS will be awarded to users only based on actual usage, activity, and contributions on Tune.FM, Tune.FM users and/or JAM holders who do not actively participate will not receive the JAM incentives.

The JAM token creates a global music marketplace and ecosystem where artists can be paid in cryptocurrency for every second hi-fidelity streaming and downloads of their music. Fans can earn cryptocurrency by listening to desired tracks by promoting artists and labels, as well as reviewing songs and albums. They can then spend those JAM tokens by listening to the music of the artists they like. After n streaming, fans will automatically unlock song ownership, which includes unlimited free streaming and unlimited hifidelity offline playback.

Tokenomics