MeMusic Staking
We are pleased to announce a staking product that is exclusively available on VisionOffering.io. If you are an avid supporter of MeMusic and $MMT tokens, here is your chance to stake the tokens for different durations and increase your holdings!
Dear Visionaries!
VisionOffering is designed to provide subsequent and consistent support for projects that have launched a sale on the platform. Therefore, we are pleased to announce a staking product that is exclusively available on VisionOffering.io. If you are an avid supporter of MeMusic and $MMT tokens, here is your chance to stake the tokens for different durations and increase your holdings!
Duration: 45 days
APR: 2%
Platform Cap: 20M Tokens
Duration: 90 days
APR: 5%
Platform Cap: 20M Tokens
Duration: 180 days
APR: 8%
Platform Cap: 20M Tokens
Duration: 365 days
APR: 10%
Platform Cap: 20M Tokens
Introducing MeMusic
Backed by Filecoin and Outlier Ventures, MeMusic is aiming to reshape the value flow in the audio industry. To successfully complete its mission, MeMusic is building AudioFi on Ordinals & Solana. MeMusic will be the first ever platform to provide Listen-To-Earn and Stream-To-Earn on the Bitcoin & Solana ecosystem.
Problems in the Industry
The music industry has always been lopsided despite its multi-billion dollar annual growth. Unlike other industries such as sports, artists and musicians (the core of the industry) only capture about 10-12% of the revenue. Considering how this revenue is usually captured by major artists who are less vulnerable to unbalanced deals, indie artists or individual content creators will struggle to earn. Furthermore, with a generational devaluation of music streaming, there are limited revenue generating opportunities.
Within the web3 space, there have been attempts to mitigate the industrial problems through NFTs. More often companies suggested tokenizing tracks, but also increased the entry of barriers and distractions for the creators who need to focus on creative processes. Blockchain implementation was lacking utilities in providing actual monetization for the artists.
Solutions
MeMusic has a unique approach of solving the issues of the music/audio industry by providing an ecosystem of services that utilizes traditional, functional services with an innovative, tokenized reward layer for better incentives and revenue.
Waves: Building Digital Presence
Waves is a set of digital services that is designed to help artists, labels, and distributors to build their digital presence not only in the web3 space, but also in the web2 space. Starting with tools to mint NFTs and tools to fractionalize royalties, Waves unlock immense potential for the creators.
Stations: Tokenizing Streaming & Listening
How it Compares to Other Competitors
Tokenomics
What does APR mean?
APR stands for Annual Percentage Rate, it’s essentially the interest that the staking provides in exchange for locking your $VISION for the duration indicated. For example, if you were to lock 1,000,000 $VISION for 365 days, at the end of the duration you would receive your 1,000,000 $VISION back, plus another 100,000 $VISION.
Can I terminate the staking sooner than the due date?
The simple answer is no, once you lock your tokens, you will only be able to claim them back after the duration time has passed.
How will I receive my tokens back?
If you access your profile page here on VisionOffering, you’ll be able to see history of all your purchases, including staking. Once the duration time is up, a claim button will be available right there, allowing you to claim your tokens (and the accrued APR) to a wallet of your choice.
APR: 2%
Platform Cap: 20M Tokens
APR: 5%
Platform Cap: 20M Tokens
APR: 8%
Platform Cap: 20M Tokens
APR: 10%
Platform Cap: 100M Tokens