Musicoin was in Austin, Texas last week and we had an amazing time spreading the word about Musicoin at South by South West. We met up with partners, artists and went to conferences. SXSW was energetic and a colourful atmosphere, while we were there we filmed a series of videos. Here is a video of the founder of Musicoin 'Isaac Mao' giving a talk about Musicoin at SXSW.
Track by the Taihg Foundation listen here: https://bit.ly/ChHpoC
(All Musicoin plays and tips of this song goes to the Taihg Foundation charity)
Musicoin is a digital currency that designed to support the creation, publication, and consumption of music as a cycle. The system uses a special algorithm to generate a currency called Musicoin (MC), as well as another algorithm to support automated contracts ("smart contracts") which enable creators and consumers to exchange value in a frictionless environment. With a unique currency and a solid contract system, large scale transactions around music becomes possible. Universal Basic Income (UBI) has made it possible for listeners to listen for free and musicians to upload and share their music for free as its paid by Musicoin (MC) miners. Each play for your music is rewarded with one Musicoin, this can be exchanged for fiat money.