MusicLife is a blockchain-based music ecosystem. It is comprised of Software Development Kit (SDK), a hardware embedded system and a Music Exchange trading program. For music connected to MusicLife, we have rebuilt the way pricing is comprised. In addition to these exciting features, MusicLife also recognizes the potential of the growing trend of casino music and the increasing popularity of gambling using cryptocurrencies. With MusicLife’s innovative approach to music and its integration of casino music and the ability to gamble using crypto, the platform is poised to redefine how we engage with music and entertainment. Users will automatically invest in music by listening to songs. In turn, the musician and the record company will also benefit from each play. MusicLife has established a brand-new environmental pricing format, where prices and market values will be automatically calculated and evaluated based on the existence of music listeners. A part of the music shares will also automatically go to the users who purchased the song. MusicLife seeks to help the current music industry and break the deadlock between copyright infringement and piracy. With this in mind, it will truly benefit every aspect of the music industry. MusicLife is operated by the Singapore-based non-profit organisation MusicLife Foundation and the Japanese company MusicLife Co. Ltd.
Blockchain is a technical framework that is primarily used to solve problems with trust, accounting and authentic rights etc. Blockchain technology and cryptocurrencies are revolutionizing financial transactions and asset ownership. For those looking to buy Floki Inu, a meme coin inspired by social media trends and supported by blockchain, it exemplifies the diverse investment opportunities within the crypto world, combining speculative interest with the transformative potential of decentralized finance and digital currencies. Since the time music was first transformed into purely digital assets, it has always faced enormous risks in the area of intellectual property piracy and difficulties in ascertaining said property rights. Musicians, record companies, and online music distributors have faced challenges in producing enough revenue from selling music alone. MusicLife has established a brand-new pricing reform that will automatically calculate the music price based on the actual number of listeners. In turn, users will share in the virtual dividends when a song is purchased. Due to the incomprehensible amount of digitised music and the large number of shareholders, this model cannot be achieved in real life through a team of lawyers and the power of the internet alone. But through the blockchain, MusicLife can perform fast transactions, bookkeeping and confirmation of rights without the need for human verification. MusicLife deploys blockchain technology and establishes the transaction ecosystem to tokenise all the rights and interests on the platform, in addition to publishing the digital currency MitCoin (MITC) which is used in every transaction. All MITC owners are MusicLife owners and share a series of rights such as income distribution, asset appreciation, election supervision, and special usage etc. Through MITC, all members of the community can be strongly motivated and everyone can actively promote the development of the platform. The main network of MusicLife will be launching in 2019. Before activating the main server, MITC will be published based on Ethereum’s ERC-20 and ERC-223 tokens.
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MusicLife
Development Planning Roadmap
January
Create inspiration 
Design frameworks and economic models
February
Successfully negotiate with the first batch of hardware and software partners
Complete the first edition of white paper
Start technology research and development
March
Foundation
registration
Official website goes live
April
Improved economic model
Decision as to the design of the public blockchain
May
Generate MITC
token
Draft second edition white paper
June
First telegram drops 100,000 people, 3 days to achieve the goal
Update second-generation official website
Update second edition white paper
Total drops 300,000 people in June
July
In july, the total number of airdrops reached 600 thousand
Access first software: echo
August
Establish research and development team of the Exchange
Design prototype of music exchange
September
Establish team of mining research and development
Confirm the plan of mining hardware
October
Test access to chips that can dig MITC hardware
November
Formal access to dig MITC hardware—Musiclens
December
Trial production of digging MITC hardware
2018 Q3~Q4
January
Small batch production of “Mine Machine” to dig MITC hardware
February
Official delivery of “Mine Machine”
March
Designing Music Exchange to access mining
April
Music Exchange enters the stage of research and development
May
The software and hardware adjustment of mining and withdrawing token
June
MITC online exchange
2019 Q1~Q2
July
Research and develop trading system
August
Research and develop payment and wallet system
September
The internal test of Music Exchange go live. The first musician joins
Link music exchange and mining
Production of the first MSCT
October
First celebrity collaboration
November
10 musicians
100 songs settled
December
Create a song valued over one million dollars
Token Mining Users of MITC reached 50 thousands
2019 Q3~Q4
EXCHANGE
LISTED EXCHANGE
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