Explore the innovative $MUSIC ecosystem at Gala MUSIC

adminFebruary 29, 2024

What is MUSIC and what does it solve?

Gala MUSIC (MUSIC) is a decentralized platform built using blockchain technology on GalaChain, Gala’s layer 1. A new music space for artists and musicians who want control, transparency, improved monetization, and listeners who want a more rewarding experience with a direct connection to access, events, merchandise, and more.

Token Overview

– Token Name: Gala MUSIC

– Token symbol: MUSIC/USDT

– Maximum supply: https://www.coingecko.com/en/coins/gala-music

– Circulating supply: https://www.coingecko.com/en/coins/gala-music

Coinstore listing

– Trading pair: MUSIC / USDT

– Trading time: 2023/12/08 10:00 (UTC+8)

What are the utilities of MUSIC?

Fans can receive benefits, incentives and earn rewards (MUSIC tokens) when they participate in Gala MUSIC by listening to upcoming and current music releases, sharing music and supporting artists.

MUSIC tokens are utility tokens that can be used for experiences, products, music, etc. at the Gala MUSIC – All Access store. Tokens have other uses. For example, it can be used to increase the capacity of a jukebox node and the amount of tracks it can host.

What does the project ecosystem include?

By default, there are 5 users of the MUSIC platform, who benefit from various features.

1. Jukebox Node Operator – The node requires 20 hours of uptime and can (currently) host 10 tracks. These tracks can be your own tracks or owned by community members who choose to host them on your node’s behalf.

2. Track Owners – These are groups of individuals who are currently earning $MUSIC by purchasing tracks and hosting those tracks on nodes for others to enjoy. The number of tracks available per artist song depends on the artist rating.

3. Both established and new artists come to MUSIC to monetize their work, connect with fans, understand listeners, and manage creative content. Depending on how much commercial success they have and how big their reach is, they become part of a tier system starting from Bronze all the way up to Diamond. Artists earn money through initial sales of their tracks and through secondary markets, All Access purchases, and further engagement with the ecosystem and partners.

4. Fans – Fans can listen to their favorite artists’ songs for free and have access to rewards by earning $MUSIC tokens (through listening), which can be exchanged for items such as merchandise and exclusive artist content. can.

5. Listeners – Since the MUSIC ecosystem is designed for the mass market, MUSIC launched an app called STGE. This, along with an optimized mobile site, means regular listeners can stream for free and without ads. A track that benefits from that play.

music official media

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for Coin Store

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As a leading global platform for cryptocurrency and blockchain technology, Coin Store We seek to build an ecosystem where everyone can access digital assets and blockchain technology. With over 3.2 million users worldwide Coin Storee aims to become the preferred cryptocurrency trading platform and digital service provider globally.

Coinstore Media Contact

Pei Shan, Marketing Executive | (email protected)

Jennifer Lu, Brand Ambassador | (email protected)