Sounds good.
Peertracks is a separate, privately owned company right?
Can you clarify or point me to the explanation of how Peertracks aims to generate revenue and make it's shareholders money vs. MUSE. Thanks.
Yes sir.
So MUSE makes income from the fees. Keep in mind in the beginning the fees are kept very low to get a network effect and they can be gradually brought up once the industry realizes the value MUSE brings to the table.
- Every time a user signs up.
- Every smart contract written to MUSE (EACH song has a smart contract)
- Transaction fees on transferring Muse_USD, Artist Notes or Core Asset
-Every time the Automatic Royalty Payment splitter threshold is reached and there's a payout to all rights holders in the smart contract, it generates a transaction fee.
-MUSE core asset can be used as collateral to the USD. So the more economic activity happens through MUSE, the more Core assets are lock up as collateral.
PeerTracks makes its money from:
-Taking a cut for offering music downloads/merch/concert tickets, etc.
-Advertising
Pretty traditional (: