Get support from your fan and sell IP to investors

Support your favourite artist directly while listening to the music for free
Buy and sell rights for music and get royalties from licences
MUSICIANS AND AUTHORS
LISTENERS AND FANS
INVESTORS AND LABELS
Multi-blockchain platform for |
Play the video
HOW DOES IT WORK?
Why ETM?
Pay ETM for tracks and get royalties as a rights holder. All the transactions are conducted in ETM. We strike for open all financial power of IP for everyone.
ETM adoption factor

Q1 2018
Q2 2018
Q3 2018
Q4 2018
Number of ICOs for tracks
Upcoming ICOs
Platform MUBERT – online compositor, using AI algorithms for making endless and unique streams.
Platform for musicians which allows tokenization of performance rights, ICO of tracks and licensing by smart-contracts
MELLDU – producer and musician who write music in mix electronic style and FutureGarage. His songs are played in ADIDAS stores.
200 Music ICOs
1500 Music ICOs
7000 Music ICOs
Test ICOs
Successful cases of centralized systems
The RoyalteExchange platform provides a service for the sale of copyright through an auction.
We are not affiliated with Royaltyexchange.com this information is listed as a successful example on the market
Features
Sell tracks and get analytics about using your music. Buy rights for samples and compositions. Directly get royalties by smart-contracts from commercial use.
P2P storage for music
Tracks are kept encrypted, with decryption rules governed by smart-contracts.

Track tokens sales
Sell some of your IP rights for new tracks to your fans and investors, so that they can help your promotion.
Licensing marketplace
Buy and sell commercial licenses and get royalties automatically by smart-contracts.
Your own label (DAL)
Create a decentralized label for collective managing and distribution of profit via traditional joint stock company.
Pay per play with Proof-of-Listen
The smart-contract makes an ETM microtransaction each time the track is listened to in USD equivalent, calculated according to exchange rates
FREE MUSIC. REWARDED AUTHORS.
Listen all music without payment. It's free for you because authors and musicians get cryptocurrency from Soundchain Foundation and subsidize amount of listening for right-holders sell their licences in ETM.
For listeners
Free high quality music listening without annoying advertisement and payment for subscription.
For reposters
Listeners may obtain the status - "Reposter', share favorite music with friends and get royalty for artists' promotion and build-up their fan base.
For distributors
Platform users with "Distributor" status may create playlists and be rewarded for the listening of their channel by the audience.
Soundchain Foundation
Soundchain Foundation, non-profit organization, subsidizes listenings through the extra emission of 25M tokens ETM per year.
Economics
The more commercial licenses are sold for cryptocurrency, the higher the rate on track's royalty per play which also increases the platform capitalization.
POS deposits
The right holders may freeze ETM cryptocurrency on special deposits and artificially increase the rate by creating the lack of ETM cryptocurrency.
Consensus of respected persons with a reputation

Musereum POA network is a public crosschain network on the base of Ethereum-protocol with consensus Proof-of-Authority which is supported by independent validators. Musereum network makes a platform for smart-contracts cheaper and faster than POW-predecessors
Architecture's overview


DAL Wizard
IP Market
ICO Music
KYC Services
DAL Wizard
Our Team
we love music
Artem Abaev
Founder & CEO
Dan Reitman
CBDO
Aler Denisov
CTO
Alexey Elizarov
Dapp Development
Gleb Cohen
Chief Financial Officer
Pavel Voloshin
Chief Licensing Officer

Stacey Mewz
Product & Design
Andrey Andreev
Blockchain Engineer
Our partners
FANCYSTATE
Fancy State is a music agency, providing a number of b2b services for global brands and worldwide agencies: music supervision, sync and licensing, premium music and sound production, celebrity and special projects. We connect music with brands, building a transparent and convenient global market of applied music.
LOUDER
Louder.me is a platform for unsigned artists to be heard, and for listeners — to uncover new music. It enables interaction with the public and competition among musicians with listeners judging their creations.
Lykke is a decentralized exchange
The goal of Lykke is to make the financial accessible market for everyone. Creators of the platform are sure that receiving of high-quality financial services should not depend on the location of the consumer.
MUBERT
Mubert is a vast database of selected samples, reproduced in a certain combination and order. The Mubert development team includes both IT professionals and music producers. The base of sounds fragments and developed algorithms are refilled by the efforts of ambitious musicians. All these things allow to generate an unique audio stream, based on the laws of music theory, mathematics and creative experience.
Decenter
DeCenter is by far the largest Russian blockchain and cryptocurrency-related community, with an astounding number of over 100,000 experts, developers, investors, and enthusiasts.
Token distribution

Our goal is to create a decentralized music platform MUSEREUM which is like database for the managing IP by smart-contracts.

The project abandons a venture financing because our philosophy constitutes decentralization and making a possibility to realize project by co-authors of compositions and their fans. Traditional shareholders-investors can change the main essence of project and make additional unnecessary external control and points of pressure.



250 000 000 ETM

are to be created
+25М per year
are generated and distributed by Pay-per-Play
via Soundchain Foundation
100 000 000
10 000 000
25M
15M
100 000 000
1 round - 2017
2 round - 2018
For team
For advisors and
"Bounty" hunters
3 round - 2020 г.
Auctioning.
Distribution
over 3 years.
Price 1 BTC
50000 ETM

Price 1BTC
inform you soon
Road map
Testnet is launched!
Q4 2016
Founded Soundchain
Music market research
Team's formation



Q1 2017
Technological search
Development of prototype and research of applicable technology for the project
Q2 2017
Working with partners
Attracting first artists and preparing for the launch of the testnet
Q2 Assets and DAL
-Public token sale
-Music tokenization
-Smart-licensing
-Mainnet
Q4 Scale & Growth
-Music Token Exchange
-R&D PoS
-Implementation Blockchain DB

Q1 2018
-Economic model PayPerPlay
-Registrators and auditors
-Notaries Dapp
-IP Wallet


DEC 2017
-Presale
-Begin development of the alpha
-Hiring
-First prototype smart-contracts

Q3 2017
-Launch of the testnet and attracting notaries
-Legal research of the music industry

Q3 Royalty
-Soundchain Alpha
-Pay per Play
-Keepers
-Marketplace of license
Mass Media
About industry
Eminem royalties shares to be
sold in IPO
Ever wanted to invest in the song catalogue of Eminem? The producers behind the rapper's hit songs such as "Lose Yourself" are set to make this possible through a public listing of their copyrights, as companies look to cash in on optimism surrounding the music business. Jeff and Mark Bass, the Detroit producers who first signed Eminem, have agreed to sell up to 25 per cent of their holdings of Eminem's song catalogue to a music start-up called Royalty Flow. Royalty Flow is looking to raise $11m to $50m
Read more
Managed Chaos: Why the Music Industry Needs Blockchain
Soundchain, a non-commercial fund, offers a distributed open-source database for managing intellectual property rights. It aims to ensure payment of royalties to musicians and copyright holders with the token created for contract Pay Per Play. The contract is subsidized by the sale of commercial licenses, common users can listen to music for free. The artists are paid a fee for every uniuqe playback automatically with a microtransaction of $0.001- $2.
Read more
FAQ
If you did not find an answer to your question, please feel free to contact Telegram chat of our community
What are you doing?
We are developing a blockchain platform with transparent and easy instruments of tracking and transferring ownership rights for music and licensing it for both personal and business use. This platform will serve as a core element of a wider blockchain ecosystem of music industry that will unite players and almost all other participants of the market to reduce their costs and achieve greater transparency of interactions by the means of blockchain technology.


Who are you?
We are the team of professionals from different branches of music industry who got sick of the inefficiency in the sphere that we love. We have analysts, traders, lawyers, developers and licensing professionals on board. You can read more about us at our website.
Who are the users of your platform?
Our goal is to create value for the industry as a whole, but at the first stage our main users will be musicians and minor rightsholders, who will upload their music to our system as well as fans and investors who will buy shares in music tracks and albums. Also, we will involve brands, marketing agencies and other business users who might be interested in obtaining licenses from the rightsholders via our marketplace.
How do you plan to earn money?
Musereum itself is a not-for-profit project - it is a gift to the community and music industry. We reserve 10% of the tokens generated initially for the team to create additional incentive, so that our salaries will depend upon the success of the project.
What makes you better than, say, Songtradr.com or Ujo Music?
In short, we start with a different approach. Songtradr is limited to the centralized licensing platform, Ujo provides a streaming platform. We, on our side, offer a full-scale solution for the industry as a whole. This makes us different - we could provide a one-stop solution for everyone involved. Songtradr, Ujo and practically any other start-up in the music industry need not to be our competitors - they can use our infrastructure.
How do you plan to attract industry players to your platform?
We will start with offering them a better solution for their needs - a cheaper, faster and a more convenient one. Some will come to us, some will shrug and move on. Once the critical mass is acquired, we will become a standard alternative to the traditional methods of interacting within the industry. Another step - and we are the traditional method.
What will labels, publishers, etc. do after launching your project? Will they lost their job?
No, of course they won't. We understand that it is impossible to change the landscape of the industry immediately, and we welcome all of the players to join our ecosystem. We will provide them with the convenient and scalable instrument, so that they could better adapt to the changing environment. Most of the market players understand that as music industry changes they ought to adapt these changes to improve their business otherwise they risk to get out of the market.
How do you fit into the music industry ecosystem?
Short answer - we are trying to become the music industry ecosystem.

Long answer - we start with creating a platform for registration, assigning and licensing IP rights in music. It may seem a pretty narrow scope, but it allows us to connect the opposing points of the value chain directly: the creator and the consumer. It does not eliminate the intermediaries by itself - most of them provide meaningful services and add some value to the chain - but it allows the most independent musicians to opt out of traditional transactional model and take care of every aspect by themselves.

We, however, expect that a majority of creators would at some point need the help of professionals - a manager's wisdom, a music producer's skills, connections of a promotional agency. We will allow these professional to deliver their skills to the market through our platform - and that will in turn allow musicians to not be restrained and to get everything they need in a one place for a one currency - the ETM token.
Do we really need a blockchain solution for this?
We do, actually. First of all, international IP rights management is very susceptible to political issues, so a system designed for this purpose needs to be truly independent - to the extent not achievable by centralized solutions. Furthermore, although such a system is not thought to attract hacker attacks as much as systems oriented at anonymous markets (think SilkRoad), it needs to be tamper-proof, so that even being shut down in any jurisdiction it will keep the records to be usable in other countries.

Furthermore, utilizing Ethereum-based blockchain allows third-party developer teams to build and integrate solutions to market riddles. Public accessible and audited smart-contracts are another rationale for adopting blockchain to solve industry problems.
You are launching your own blockchain - why? Are you not happy with Ethereum?
Ethereum is great, but it has limitations on the number of transactions within it. Furthermore, PoW may be considered necessary in the trustless anonymous environment of public general-purpose blockchain, but it is an overshot for our purposes - it is too slow and expensive. The most sensitive and valuable information, however, will be duplicated into the public blockchain of Ethereum Classic.
Who are "validators"? Why do you need them? Are they like miners?
In order to run a blockchain, you need somebody to verify your transactions. In public blockchains these are the miners - they may be anonymous, but we trust them because they have economic incentive to work with the majority. This trust, however, comes at a cost - a PoW blockchain is an expensive solution, and it may be an overshot for our purposes.

We use PoA consensus method - our transactions will be verified by trusted public persons. Their economic motivation is more traditional than in the PoW, their stack is their reputation and legal responsibility. These individuals are validators.

To become a validator a one must prove his good standing and legal status - that is why we require our candidates to have a license of a public notary in one of selected jurisdictions. This proves the existence and the identity of the candidate, as well as the amount of his reputational stack.
Can I trust your validators? How will validators be punished if they break rules?
You don't need to trust each validator, but it is unreasonable for them to sabotage the network from the economic point of view. On the individual level this is ensured by the structure of the network - if an individual validator starts tempering with the transactions, he will be excluded by the majority and will lose the income generated by the system. Suffer from a reputational damage might be even more significant (information about this event will become public) since we will engage those notaries who really know a value their reputation.

On the other hand, if the majority would try to sabotage the network, legal mechanisms will play its role, and such validators would be liable for all the damages, including the reputational damage to the system. Being legal professionals, they have an incentive to act in bona fide.
Are users entitled to compensation if validators act opportunistically and it causes damages?
Yes, validators are liable for the damages caused by their failure to act in bona fide, and can be sued for any damages resulting from such a failure.
Can I become a miner/validator?
Our blockchain is a permissioned one - we have formal requirements for a candidate who wants to join our network. The main condition for becoming a validator is having and being able to demonstrate a valid license of a public notary in the USA. In the future we plan to give this opportunity to other licensed professionals in another jurisdiction, but for now being a licensed notary public in the United States is necessary.

Another condition is a basic level of understanding of what we do, as well as having a stable internet connection and modern hardware.

To become a validator fill this form.
What types of tokens are there in your system?
There are two main types of tokens. The first one, ETM, is the basic token, used for every transaction within the network. Having ETMs is required to interact with our system - these tokens are transferred when obtaining a license and purchasing shares in the copyright or ask a participant for any service that is not free.

Another type is the music token. For every uploaded music work two sets of music tokens are generated – one representing the copyright, another representing the right to the master record. Each music token represents a share in the respective IP right of a certain music work and certifies the right of its holder to participate in a governance of the respective IP right and to receive a share of royalties paid for its use. These tokens can be transferred and sold for ETM tokens.
Can I buy ETM tokens for real money?
We plan to develop a fiat gateway to exchange ETMs to fiat money; until that is done, however, our tokens can be purchased from exchanges and, of course, from our web-site or directly during the public sale.
Why are you selling your tokens now?
There are several reasons for the pre-sale of access rights to our system. First of all, pre-sale gives us freedom to estimate the needs of our clients - by assessing the dynamics of sale we will better understand what features are more important and on what to focus our development. To some extent token sale could be considered as a part of marketing research with the economic incentive for the participants to provide the sincerest answers - they are voting with their stake.

Another rationale for this is to assess how intense is the need for our product. Due to the experimental nature of Musereum, we may not be able to provide universal and stable access for all participants of the network. Conducting a pre-sale therefore allows participants to book their place in our ecosystem by deciding when to enter - whether they want early access to outrun their competitors or they want to join us at the later stages with a more stable and predictable product.

Finally, the amount of both technical and legal work required for the project is difficult to assess at this point - so the profits from selling early access will ensure that the team will focus on the product and avoid temptations of cutting corners at the costs of clients.
How many tokens do you offer? What is the total supply?
The network will go operational with 250,000,000 ETM tokens generated. Of these 10,000,000 will be distributed via pre-sale, 100,000,000 - sold at the public sale, 40,000,000 are reserved for the team, advisors, bounties, etc. and another 100,000,000 are frozen until 2020, when they will be sold at the second round of the public sale, the proceeds from which will be used for scaling the project and integrating more services into our ecosystem.
What is the token price?
During the pre-sale we will offer 50000 ETM tokens for one BTC. Token price for the public sale will be announced later.
Do you offer securities? Shouldn't you register your token sale with monetary authorities?
No, our tokens cannot be considered as a security or an investment instrument in most of jurisdictions. We do not promise any returns on our tokens - they could only be used to obtain IP rights and services from our network participants. We strongly advise against purchasing our tokens for any reason other than that.
Are there any restrictions on participating in the token sale?
Unfortunately, we won't be able to offer our tokens to the residents of the USA and Singapore. Although our tokens cannot be considered a security or a collective investment scheme, due the lack of a legal environment we don't want to risk the future of our project by engaging in the activity that can retroactively be deemed as illegal. If you are a resident of these countries, you can still buy our tokens later through exchanges or via our fiat gateway.
When will I get my tokens?
ETM tokens will become accessible within the launch of the main network, estimated for Q1-Q2 2018. In order to ensure stability of the system, however, tokens will be distributed along the period of a one year - the first who buys will be the first who gains access. The only exception will be for those who buy tokens for more than 3 BTC - we believe that such amounts mark responsible industry players with the need for early access.
What will happen with the unsold tokens?
The unsold tokens will be frozen and wait for their chance to be put to use by either being distributed among musicians via Soundchain DApp, paid as bounties for services provided to the platform, or used for scaling of the platform and integrating new services.
Is this project international? How can I know that my participation is not illegal?
Yes, it is international. We don't see how participation in our project can be considered illegal in any jurisdiction; if you have doubts about that, however, we strongly recommend you to contact a local legal professional.
What type of licenses can I get at your marketplace?
We will start with offering several types of licenses: music can be licensed for use in video production (advertising, movies, corporate and personal videos, etc.), for collaboration and use in other production of audio files and for redistributing (streaming services and digital downloads).

Creating new types of licenses, however, is not limited from the technical point, so we plan to allow our users to add their own types of licenses.
What if I only need the license to use copyright – e.g. if I want to record my own music based on composition uploaded to your platform?
Some types of use would require getting licenses from both the author and the performing artist, and for some uses the consent of only one party would be required. Since copyright for a music work and the right for the record of that work are independent IP rights with different rights holders, you can purchase a license for only one of that assets.

If you need the license for both the copyright and the recording right, you would be able to purchase both of these license together.
How is the price of a licensed determined?
The price of a license, as well as its other parameters are subject to be determined by token holders via voting. So, every licensing deal is a transaction between a willing seller and a buyer.
Are smart-licenses valid from the legal point of view?
Yes. In addition to the code there is a human-readable layer, and by making a transaction to purchase a smart-license you explicitly agree with the terms of the legal document in the human-readable layer. This transaction therefore will constitute a valid contract under laws of most jurisdictions, and since it is timestamped in the blockchain, it may be even easier to enforce than the traditional contract written on a paper.
If I, for example, use the music licensed for the wedding video to make an advertisement, how would you know that I am cheating?
This is something that will be explicitly prohibited to do - if you pay a musician for one type of usage, but use their music for another purpose, you are basically pirating. It is the same as downloading the track illegally from the torrent tracker - why even bother with licensing, when you can just steal it?

Musereum itself does not plan to track the usage of the music licensed via its marketplace - it is down to the musician to see whether his licensees are acting in good faith or not. In order to help our musician, we will, however, introduce a bounty for tracking possible infringements - so your not-so-wedding video might be found by some bored lawyer.
How will the musicians distribute their tokens? What is an ICO for tracks?

When the music work is uploaded at the first time, two sets of music tokens (a set representing the copyright and the right to the master record) are generated and distributed among the rights holders according to the split of rights the uploader provides. If the rights holders decide that they need to additionally monetize their creations, they can sell some of their music tokens to a public, therefore assigning a share of their rights to a track in exchange for the ETM. New token holders would become co-owners of the respective IP right and would be able to participate in royalty distribution and governance of the track.
Do I need to pay taxes if I sell my tokens?
The answer to this question depends heavily on the jurisdiction you reside in and its legislation. Rule of thumb is, however, that if you gain something as a result of transaction, you probably would have to pay taxes from it. We strongly suggest that you consult a lawyer about whether this applies to you or not.
What shall I do with the music tokens? Can I trade them?
First of all, as a holder of music tokens you are a rightful co-owner of the track which is represented by these tokens. You are entitled to a share of royalties paid for its use and may participate in determining how the track will be used by voting with your tokens. You may find it a good idea to promote the tracks you have invested in, since the more popular the track gets, the more expensive the license for it will become.
What does Soundchain stand for?
It is a decentralized app running on top of Musereum blockchain, that provides streaming access to the music uploaded to our storage. The access will be free for private users; at the same time each time the track is listened to, the dapp sends a certain amount of ETM tokens to the token holders of this track. Thus, creators are being rewarded, while consumers don't have to pay for access to the music.
It looks like artists subsidizing. And where do you plan to get money to subsidize your artists?
Our system will constantly generate a certain number of tokens in addition to the 250 million of initially generated tokens - every year additional 25,000,000 tokens will be generated, and 70% of these tokens will be sent to the Soundchain Foundation in purposes of their use for compensating validators, registrars and keepers for their services. Most of them, however, will be reserved for payments via Pay-per-Play model.
Why do you need Soundchain at all?
There are several ways Soundchain would benefit the Musereum ecosystem. First of all, by subsidizing artists, we will attract more creators to the platform by providing them with a viable alternative to the existing streaming services. Furthermore, by allowing free streaming we will attract general public to the platform, and the statistics gathered this way will help rights holders to demonstrate the value of their music to potential business users of our platform.
Can I exchange my ETM tokens for real money?
We plan to develop a fiat gateway to exchange ETMs to fiat money; until that is done, however, our tokens can be purchased from exchanges and, of course, from our web-site or directly (there should be a link) during the public sale.
Do you have your Bounty program and/or Bug bounty?
Yes, we have several - you can read about it at link
Stay tuned
Artists' names are used only to demonstrate the design of Dapps

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