Musik introduces the Litsen2Earn feature in the crypto industry.
Tampines, Singapore, 2nd Nov 2022, Musik is a newly established crypto platform in the industry. In the latest expansion, the company has introduced a new concept of “Listen2Earn”. Musik has found a way to aggregate and benefit investors, who can gain from it during their time of enjoying good music.
The music-inspired crypto platform combines two worlds music and blockchain. It allows music lovers to groove to their favorite tunes and earns money. The vision is to bring unparalleled experience to the web3 & music-streaming industries. As time flows, the core team plans to achieve niched music streaming mobile apps in the coming years.
Furthermore, MUSIK fair launch will take place on Pinksale. Finance. All the participants of the Fair launch will get a free three-month subscription to the MUSIK app and will be entitled to the following rewards.
MUSIK is striving to work on a monthly subscription-based model. Users must purchase a $MUSIK token to subscribe to MUSIK Premium. Users who do not subscribe to MUSIK Premium will not be eligible for the Listen2Earn model. However, they can still listen to music. Third-party ads will be shown to Freemium users.
To subscribe to the listen2earn model in the MUSIK app users will need to buy and pay via MUSIK tokens. By doing so, they become eligible to earn MUSIK tokens every day. Following are the subscription plans for MUSIK Premium:
- 1 Month Subscription = $50
- 6 Months Subscription = $250
- 1 Year Subscription = $400
Since there are a limited amount of $MUSIK tokens, it is essential to understand how the earning/rewards mechanism will stay functional in the future. Earnings that would start as high as $25 a day for normal users going up to $150 a day for the Level 6 NFT holder are subject to deflation with a change in token price and number of users. 30,000,000 MUSIK tokens have been allocated to the Listen2Earn model, which is 30% of the total supply.
With every 100 new users, the rewards will go down by 0.1%, and rewards will go higher and lower with every price fluctuation on the MUSIK token. To maintain the economy and benefit the NFT holders for future NFT resells, we have decided to keep a limited amount of NFTs that offer higher rewards.
At launch, the MUSIK app will provide $25 a day for regular users in rewards. With the addition of 100 new users, rewards would fall to $24.975. In addition, the company would use 50% of all NFT sales revenue in Buying Back the MUSIK Token and using them for Listen2Earn rewards.
Musik is a Listen2Earn app. It offers its holder to listen to their favorite music and earn Musik tokens in their applications. The mission of Musik is to break through the antinomy and pioneer the unorthodox path to musical innovation.
For further information, visit the following links:
Organization: Musik Coin
Contact Person: James Andersson
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