Current platforms used to collect and distribute Digital Royalties are costly, inefficient, non-transparent, and deliver no means of collaboration between artist and listener to create true value for creative works. The segregation between Marketing, Publishing, Distribution, Recording, and Royalties (MPDRR) creates major inefficiencies that drastically reduce the profit margin for the artist and raises the cost for the listener. Towrap this into as simple terms as possible; the current music business is outdated, outpaced, and extremely behind on any type of innovation of the business model.This extremely unnecessary diversification of tasking is solved with the implementation of the Muse Protocol, and creates more efficiency and true avenues for earning for both artist and listener. Muse Protocol becomes the artists MPDRR Solution and integrates the consumer into every possible aspect of the artists development. Never before has it been possible to break new aspiring artists into the spotlight with something as simple as a few creative works, and pure as the proof of drive to succeed with it.
The Muse Protocol is the foundation of the Muse Ecosystem. It is a collection of permanent rules and triggers that outline key functions for operations throughout the decentralized applications built utilizing The Muse Protocol. Built on the Tron Blockchain, Muse Protocol is a TRC-20 Compliant Smart Contract created to issue and maintain an immutable record of all transactions conducted within the Muse Ecosystem. This includes Muse Platform, Muse Exchange, Muse Application, Muse Token, and Muse Dollar. Muse Protocol will also feature a built in trustee system, security overwatch, and democratic expansion system.
Every smart contract ecosystem generates a utility token used as a form of “gas” which initi- ates, transfers, and maintains different transactions following the set rules and conditions outlined in the smart contract it is born from. Muse Token is the voting utility token generated by The Muse Protocol Smart Contract and is used as a form of delegate token to measure the amount, and weight, of a vote within the ecosystem.
The amount of Muse Token one holds determines several factors including; amount of votes during quarterly democratic expansions, the weight of those votes as normal or master delegate votes, and the amount of quarterly stable gas distributed based on that held amount. Based on the type of proposal created, a certain amount of master delegate votes is required to make it pass, along with a certain amount of normal delegate votes. This amount of required votes will vary entirely based on the magnitude of the change proposed to the ecosystem and the urgency of the proposal. 1 Muse Token is equal to 1 normal delegate vote, while 1,000 Muse Tokens is equal to 1 master delegate vote.
Every quarter, Muse Token holders will be alerted with a list of ideal proposals, frozen transactions, budget statements and other votable items that all pertain to the future of Muse for the quarter moving forward. Voting on these changes will enable your gas distribution to take place for the previous quarter, and enables your delegate status to remain active within the community. Maintaining a positive delegate status within the ecosystem is the key to becoming a Muse Stable Gas Distributor. A more in-depth technical explanation on Muse Token and Stable Gas Distributors can be found in our Technical Paper.
Muse Platform is the first decentralized application that will be built on on top of Muse Protocol. It is the central “hub” of data containing all records pertaining to songs, streams, and sales. It will also be a great place to gather information on the artists and service providers people enjoy so much. The main use case for Muse Platform, is to maintain publicly verifiable record of all songs, streams, sales, trades, and actions conducted via use of the Muse Application and Muse Exchange. It will primarily be usedby Artists, Service Providers, and Delegate Holders and will feature statistical, financial, and personal information pertaining to artists and service providers. This information is available to the artists and service providers, and will also be available to the delegate token holders that support them through sales, promotion, or through an Artist Token Offering.
Statistical, Financial, and Personal information pertaining to the artists and service providers is gathered in a number of ways. Muse Platform will collect information from third-party service providers, such as Spotify, and present this data to the artists and service providers. It will also handle the task of collecting artists royalties from these platforms as well. This collective gathering of information is what builds the available Artist Portfolio and provides accurate statistical, financial, and personal information pertaining to the artist andservice provider. This information is extremely important to all Muse Token holders, because it determines the potential performance an artist can deliver and the potential financial outcome if one were to support this artist as an investor.
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