In the next few days we'll be making the NOTE snapshot liquid as a UIA on bitshares.
Some people had concerns that this means we're going to be doing the entire Music project on the bitshares blockchain. This is false! We plan to just let the snapshot trade on BTS, and then freeze, snapshot, and recall all NOTEs when we are ready to launch a separate chain as was originally planned.
Toast tells us Dan wants us to operate on the BTS blockchain, and maybe that's why some people think this is the plan, but this isn't Dan's project. We've received plenty of feedback telling us not to do this and we agree.
To be fair, Toast did share some interesting ideas about how to do "embedded" DACs in a way where the token still accrues value from related transactions. We will let a different project be the pioneer, though.
To avoid confusion (and to bring BTS some more volume), we strongly recommend that exchanges do not list the NOTE UIA and wait for the real network launch.
PeerTracks update: going to the Grammy's! PR/networking time!
More refined business model coming soon