Mobile devices and the Internet have changed how music is broadcast throughout the world. Most countries enforce a royalty payment method via government regulation to ensure that Musicians and Artists are compensated for the use of their performances.
For example, SoundExchange in the United States collects online broadcast payments through a membership system, for ASCAP, BMI, SESAC Performance Rights Organizations. Large online radio networks have monetized this valuable content with subscription systems, membership perks and traditional broadcast advertising in attempt to offset the fees enforced by the laws.
CyberFM has created an open-source online royalty payment model with peer-reviewed information available worldwide through a distributed ledger system. This Dual Token Ecosystem is named as the CyberFM “CYFM” token and named as the “MFTU” token for “Mainstream For The Underground.”
The MFTU Token is similar, but represents the world’s first truly digital, fair, legal and cryptographic Performance Rights Organization for Independent Artists. Protecting their rights and payments across the entire globe!
Both utility tokens are an ERC20 asset registered on the ETH blockchain used to create this universal payment system that enables royalties to be collected for all performances, at all times, throughout all countries. The MFTU and CYFM tokens will also be used initially to compliment fiat payments for online radio memberships, credits for in-app purchases and registration fees
This protect works against all common attacks and store only hashed passwords using bcrypt. The website traffic runs entirely over encrypted SSL/TLS (https). The source code has been independently security-reviewed by third party security engineers. Hunter2 has also reviewed the codebase and provides ongoing security training to our engineering team to stay up-to-date on best practices in security.
Both CYFM and MFTU are pleased to now be listed at
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