TORONTO, ON, August 24, 2017 — Musiconomi, the blockchain-based music ecosystem, has today announced that Jaxx, the leading multi-asset digital wallet, as its official wallet partner. Following the pre-sale for Musicionomi (MCI) tokens due to commence August 29, 2017 and public crowdsale starting August 31, Jaxx will integrate Musiconomi’s Ethereum-based token into its platform. The integration will let supporters send and receive MCI tokens and manage their own keys via Jaxx’s easy-to-use app.
“Musiconomi is delighted to announce the pre-eminent Ethereum wallet as its official partner,” Musiconomi cofounder and CTO Dan Phifer said. “We are excited to offer Jaxx’s intuitive, secure, and compelling user experience across multiple platforms to our supporters. Jaxx has a tremendous network of partnerships and we see this as an opportunity to engage with them and add value in a way that will also benefit users of the Musiconomi platform.”
“At Jaxx, we love helping groups who strive to bring innovation to industries of all kinds,” founder and CEO Anthony Di Iorio said. “Jaxx is excited to be working with the Musiconomi team and looks forward to participating in their journey to solve problems related to the many areas of friction in the music industry.”
Along with token management, Jaxx plans to explore further synergies with Musiconomi in the areas of live and digitally-recorded music. Jaxx will also offer Musiconomi ongoing support in the critical areas of user identity verification and content rights management.
In addition to enabling musicians to release their work, create simplified licenses, and get paid directly and immediately for each play, Musiconomi incentivizes users to share tracks socially by rewarding them with its MCI tokens. Each artist is in complete control of determining the reward for their albums and tracks, letting them choose between higher revenue or more promotion at the granularity of an individual track.
Entrepreneurial music enthusiasts, such as marketers and audio technicians, are also able to use the platform to provide and be compensated for their expertise. MCI token holders will gain access to the Musiconomi platform’s plethora of features including playlists, radio streaming, virtual merchandise, and ticket storefronts.
Musiconomi is the second startup to pass through Cofound.it’s crowdsale incubation program and will leverage the Cofound.it Priority Pass mechanism as a part of the sale. Musiconomi’s pre-sale starts on August 29, 2017 at 5:00pm CEST. The public crowdsale will begin on August 31, 2017 at 5:00pm CEST and has a minimum threshold of $3 million USD and a maximum cap of $6 million USD.
A total of 100,000,000 MCI tokens can be distributed in the crowdsale, and funds raised will be used to drive the development, expansion, and adoption of the platform. 70% will be going to development, 21% to marketing and PR, and 9% to administrative, legal, and overhead over the first 24 months.
Supporters can participate in the Musiconomi crowdsale with Ethereum (ETH).
Jaxx CEO Anthony Di Iorio and Musiconomi Co-Founder and CTO Dan Phifer are available for interviews.
Jaxx is a multi-token blockchain wallet that provides a unified experience across 8 platforms and devices, including Windows, Apple and Linux desktops, Apple and Android mobile devices and tablets, as well as a Google Chrome extension. The Jaxx wallet enables crypto-to-crypto exchange with frictionless in-wallet conversion via Shapeshift. Users are always in control of their keys and Jaxx neither holds nor has access to customer funds. Design and user experience driven, and built with simplicity in mind, Jaxx’s mission is to become the interface to the blockchain world.
The Musiconomi project is to build a creative environment that enables musicians to exercise control over their content rights and revenue streams by empowering a community of artists, listeners and entrepreneurial music enthusiasts anywhere in the world to create and exchange value in a transparent and timely manner.
Using the latest in blockchain technology, the Musiconomi model will allow musicians to incentivize listeners to promote and share music, while retaining control of their revenue, thereby creating new music economy that inspires growth and rewards all users efficiently and appropriately.