This is the next post at a place where we share analysis and opinions for interesting coins, tokens and pure gems in the vast landscape of the blockchain world. There's so many coins out there, but not a lot of free information (looking at you, paid groups) and analysis on them. The Scoop aims to change that by sharing and improving the data available for a given coin by focusing on evaluating instead of predicting.
All musicians want to get paid more as only a small fraction of artists out there actually make money. Musicoin wants to be that platform to monetize creative content and manage an ecosystem where people can build up creative goods.
More on how it works:
https://www.musicoin.org/how-it-works
Big news recently:
https://www.huffingtonpost.com/entry/volareo-musicoin-alexa-on-blockchain-steroids_us_5a55c4ace4b0baa6abf162ba
"Right out the box, Volareo will be ready to tip musicians. Each device is assigned a unique wallet address pre-loaded with $10 worth of Musicoin."
Quick Technicals
Algo: ETHash / PoW
Block time: 15-30 seconds
Block reward: 314 MUSIC
https://github.com/Musicoin/desktop/releases
Along with the whitepaper:
https://www.scribd.com/document/362834077/Musicoin-White-Paper-v2-0-0
Beta looks a lot like iTunes actually.
CMC says ~547m circulating supply with the total supply uncapped. No premine.
More details:
https://bitcointalk.org/index.php?topic=1776113.0
Leading the team is Isaac Mao and as of mid-2017, there was turnover and a new team being built out.
Creator's profile:
https://www.linkedin.com/in/isaacmao/
What motivates them?
With no premine, it looks like the success of the platform and partnerships increasing the value of $MUSIC incentivizes them.
~46m cap and ~11m daily volume.
Similar projects or target industry...
We suggest you take a look at all these projects and those in this category as growth seems imminent for many.
They are moving and producing (no pun intended). Super entry on grabbing the ticker $MUSIC as well.
This is quite interesting too:
https://medium.com/@musicoin/musicoin-songs-now-streamable-on-twitter-giving-instant-payouts-to-musicians-4a46e69a5c7c
Pros
Cons
More transparency about the team and internals would be great. It will probably come in time as they all seem busy and productive right now.
It can get all the volume it needs from Bittrex.
https://coinmarketcap.com/currencies/musicoin/#markets
Based on the FA, MUSIC looks like a low to medium risk with high reward potential if they continue to deliver and catch on. Picking it up under 600 sats would be bargain or around 15 - 20 cents would be an upper entry while still expecting solid, crypto-style gains.
And that's your scoop!
