I’ve been thinking of some ways to increase the buying / holding of MUSICOIN. Both will help to increase the value of MUSICOIN on exchanges, and the result will be higher payments to artists when they decide to cash in MUSICOINs, as well as better return on investment when someone decides to buy, then sell MUSICOIN as an investment. If both of these things are accomplished, it will result in more and more people buying and holding MUSICOIN because they see that it rises in value.
I’ve already proposed in a different post the idea to add the Buy MUSIC Now button in the upcoming mobile streaming app. That will make the buying process more fluid and remove the hassles of dealing with an exchange.
Here are a some ideas to increase buying and holding of MUSICOIN. Please add any ideas you have to this post:
Enable a “deluxe” or “plus” features in the mobile app for a monthly or annual fee, paid with MUSICOIN. Deluxe features could be as simple as allowing unlimited skipping of songs, without the mandatory number of seconds before skipping. What other “deluxe” or “plus” features can we think of?
Enable the “deluxe”/“plus” features if the listener maintains a certain number of MUSICOIN in their app wallet (assuming the player will have an integrated wallet). This will encourage holding of MUSICOIN, reducing the selling pressure at the exchanges. Imagine for example if 5,000 listeners held a balance of 1000 MUSICOIN each, that would result in 5 Million MUSICOIN not being sold on the exchange, resulting in higher prices.
What are your thoughts? Any additional ideas to help improve MUSICOIN buying especially through the upcoming mobile app, would be helpful.