With all the excitement surrounding blockchain and tokenization, there is a unique angle and market which receives minimal coverage—helping independent music artists unlock new financing opportunities, without having to sacrifice their ownership rights and contract rights, including control of royalties and rewards to acknowledge their hard work.
Cyber FM ecosystem leverages on blockchain technology to establish a system that will compensate all artists and performers across the world! These set of people will be compensated irrespective of Performance rights Organization each of them belong to. However, additional rewards and income will be available when these members fully adopt the Cyber FM ecosystem.
The CYFM Token (CYFM) represents a regulatory compliant cryptographic form of currency for Artists who are registered locally for example artistes who are registered in Society of Composers, Authors and Music publishers of Canada). Obtaining a license from this association gives one permission to use copyright protected musical works from anywhere around the world. The music license fees collected in form of CYFM tokens are then distributed as royalties to SOCAN members who are songwriters, composers, lyricists and music publishers. Thus, artists are able to receive immediate payouts and gratifications for their effort in producing good music.
The Cyber FM tokens are built on the ERC20 smart contract and will be used alongside fiat currencies to make payment for online radio memberships, registration fee and credits for in-app purchases. The tokens will create a universal payment system that allows for collection of royalties for all performances carried out by artistes throughout the world.
CYBER-FM RADIO
Cyber FM radio was founded on 11th October 2007 with a platform that provides listeners with access to music that are not unavailable on the general field. The CYFM token is the acceptable currency that will be used by listeners, fans and users in the ecosystem. Listeners can participate in radio contests where they are opportuned to win rewards in form of tokens. These tokens can be used to purchase premium memberships which allow members to skip unwanted songs played on the radio, download and commercial streaming of music. The CyberFm radio app is available for download on Google play and App store.
For more information about CyberFM, kindly visit:
Website: https://cyber-fm.com/
Whitepaper: https://mftu.net/site/whitepaper/
Telegram: https://t.me/mftudotnet
ANN thread: https://bitcointalk.org/index.php?topic=4511705.0
Writer: Crypto4ruby
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1788350
#CyberFM #Investment #Cryptocurrency #DistributedLedger #RadioOnline #CYFM
