MeMusic Token, how it powers AudioFi
MeMusic’s native utility token ($MMT — abbreviated for MeMusic Token) is designed to power ‘AudioFi’ (Audio + Finance). Our vision and aim is to reshape the value flow in the audio/music industry. By focusing on empowering creators and listeners through tokenized incentives and services, we believe we are able to empower creators without a heavy reliance on third party services or intermediaries.
What are the token utilities?
With the MeMusic token, there are two major classifications of the use cases: either you use or earn the tokens. We are committed to providing services that allow for the users to consistently spend but also earn the tokens by contributing the ecosystem’s growth.
Earning: Mining
A way to earn the MeMusic tokens besieds trading is through mining. Soon to be available for sale, acquire a Station Node to earn $MMT. Station Nodes are designed to contribute to the ecosystem through different activities including but not limited to: community governance, liquidity pool generation, and DeFi activities.
Using: NFT Minting, Trading & Gas
There will be multiples ways you can use the token within the MeMusic ecosystem. MeMusic aims to provide native token-oriented services amongst traditional services.
You can use the MeMusic tokens to mint NFTs to our native NFT marketplace. Within the next quarter, MeMusic is also planning to allow for users to inscribe music. On the marketplace, besides the NFTs users will also be able to use MeMusic tokens to get artist-specific tokens.
How to acquire the tokens?
MeMusic Token will be available in launchpads prior to the TGE which is happening in early Q1 of 2024. [Early — Mid February]. After the IDO, users can acquire the token in exchanges.
Who are the investors?
MeMusic’s investors include notable institutions such as Protocol Labs, BigBrain Holdings, ExNetwork Capital, Rawtech Ventures, and more.
