Mobile devices and the internet have changed the way music is accessed nowadays. Keeping track of song download and copyright Herculean task, due to the uncontrollable nature of the how these songs are accessible. Young artistes become limited by lack of finances, sponsorship or lack of opportunity to grow as a musician, especially as they don’t get paid for works they release online due to indiscriminate file sharing.
The worldwide common use of mobile devices which support reckless file transfer, while making it easier for artistes to reach a wider audience has also deprived them of the benefits they may have gotten from the circulation of these songs.
To compensate artistes for their efforts in producing and performing music, Mainstream For The Underground (MFTU) and CyberFM (CYFM) has stepped into the fray. MFTU has a radio station known as Cyber Radio, with numerous channels to grant free access to good music across all genres globally. All that’s needed is to download the apps available on smartphones and PCs. The MFTU token is the worlds first ever truly digital, fair, legal and cryptographic Performance Rights Organization for Independent Artists built to protect the song rights, benefits, and payment of these artists across the entire globe. The tokens can be used to pay for any song from any part of the world as they are of the same value worldwide. The CYFM tokens are compliant form of cryptocurrency for artists that are locally registered within a region. The tokens can be used to pay for any song from any part of the world as they are of the same value worldwide.
The CyberFM Dual Token Ecosystem is an open-source online royalty payment model with peer-reviewed information available worldwide through an evenly distributed ledger system. Putting into consideration the independent artists worldwide and the protection of their art and benefits from it, the worldwide token system has MFTU as the widely accepted token. The local representations converge on the CYFM like a kind of community where they get their artists duly represented
Both of these utility tokens are an ERC20 asset registered on the ETH blockchain used to create this universally accepted payment system that gives access for the royalties to be collected for every performance, at any time across any part of the world. They will be used to complete of complement fiat payments for online radio memberships, registration fees, and credits for in-app purchases.
CYFM and MFTU both represent a ‘broadcast currency’ that will be used in the ecosystem of the platform for listeners, fans and other users and designed in a way that they can either be won, bought or gifted. Being the only mode of payment on the site, they can be used for premium membership purchases, on-demand downloads, free streaming etc.
Tokens can be gotten via listening to and participating in radio contests. They can also be purchased on supported cryptocurrency exchange platforms. CYFM and MFTU are currently trading on the following exchanges: Idex, Ecex, Token jar, Dakuce, Ethen, Extoke
For more information about MFTU, kindly visit:
Website: http://mftu.net
Whitepaer: https://mftu.net/#whitepaper
Telegram: https://t.me/mftudotnet
Twitter: https://twitter.com/MFTU_Currency
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