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Voise, an innovative music decentralized platform, just announced new features being added to the blockchain-based music sharing project.
These include first-ever Masternodes on the Ethereum blockchain, which will provide additional services and revenue to token holders. This is accompanied by the plan to burn 50 million VOISE tokens, which will make the coin more scarce.
The tokens burned will account for a permanent reduction of the circulating supply by 8%, bringing the total to 593,012,000 VOISE, and cutting the total max supply of VOISE down to 775,578,000 tokens.
Masternodes allow operators to earn a certain percentage of revenue based on amount of VOISE tokens committed. To be eligible as an operator, a minimum of 600,000 VOISE tokens will be locked for a minimum of 30 days.
Smart contracts and a special dAPP will oversee the locking and distribution of revenue once the 30-day period is over. Once the coins are unlocked, the operators will receive the revenue. The longer the tokens are committed however, the more the revenue; 30 days is just the eligibility for minimum revenue.
80% of total revenue generated will be distributed proportionally to token holders. In the likely event that income from the first initial months of Masternode operation is small, VOISE will pull from the foundation’s fund when necessary to honor payments to the community.
Besides changes to the coin itself, VOISE has been making business partnerships, to also increase its appeal to newcomers. The platform is already endorsed by Grammy-nominated Carolyn Malachi and DJ sensation Jinco, and is now in partnerships with MicroMoney and Coinomi.
Voise recently joined the Ethereum Enterprise Alliance, allowing the music platform access to the best talent among Ethereum professionals within a network of Fortune 500 alumni.
Continually listening to the community, while simultaneously expanding connections, Voise has led to steady trading volumes, where the token is recognized for its intrinsic value.
With more artists going online to revive sales, the online music streaming industry has now over 110 million listeners willing to pay for music online. Despite this, there still remains a struggle, especially for indie artists, who have to deal with high commission rates and criminal revenue distribution.
Voise looks to change this by cutting the middlemen out, with 100% of commissions going straight to the artist. Artist are able to select what duration of the song they want to play for free as a sample, or even choose to make their song free, and opt to take donations instead.
The interface is intuitive and attractive, allowing for mainstream users to easily pick up the platform and begin enjoying music.
VOISE is a blockchain-based content distribution and monetization platform for the music industry. It introduces the multibillion-dollar global music industry to cryptocurrencies and blockchain technology.
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