MusicLife
World's First Music Exchange. MusicLife is the world's first music exchange. The original model of "earning revenue by listening to music" enables users to automatically purchase music shares by paying for music and to earn an equivalent dividend from the song. MusicLife owns 600 thousand registered users, while its accessed music playback software covers 30 million registered users. With the $5 million funding round and support from numerous celebrities, MusicLife was praised by media as one of the most potential projects of next-generation blockchain applications.
START ICO
17.09.18
FINISH ICO
31.12.18
I've invested at MusicLife and feel scam here now

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ICO
Date iCO
17.09.18 / 31.12.18
Project symbol
MITC
Country
Singapore
ICO token price
0.010000 USD
Soft cap
1 000 000 USD
Hard cap
1 200 000 USD
Category
Business Services
Cryptocurrency
Media
Investment
Internet
Accepting
ETH
Fiat
Restrictions in accepting investments from investors of the following jurisdictions
China
Bonuses and discounts
10% extra MITC for maximum investment amount (10,000 USD).
SCROLL
THE STRIP

MusicLife is a blockchain music exchange ecosystem that allows fans own “stocks” of songs and purchase music. Every shareholder can earn dividends directly from their song shares. MusicLife is also pioneering a model that lets users mine cryptocurrency by listening to songs on musical wearables. Since launching this June, over 600,000 people have signed up on the MusicLife exchange, which has over 30 million users in its ecosystem. On MusicLife, music holders (artists or record companies) can license their copyrighted music to the platform where it will be free to listen to until it hits 50,000 plays. Once a song reaches this threshold, an AI-powered mechanism will set a price for it based off frequency of plays and create a MusicToken. MusicTokens represent the property rights of songs and are split into multiple shares. Music holders will own 95 percent of shares and MusicLife will own five percent of shares. Fans will have the opportunity to purchase up to 45 percent of existing shares from music holders. While paying for music, fans can get song shares in the equivalent amount of the song’s listening price, which will remain at a low rate of around one dollar. In addition to paying to listen to songs, users can purchase and exchange shares of songs with MitCoin (MITC) on the music exchange directly. As songs increase in popularity, MusicToken shareholders earn MITC dividends.\MusicLife also allows other softwares to embed their music libraries for free via an SDK. Software linked to MusicLife will share in the profits generated by users purchasing music. The first software embedded is the app echo Music which provides innovative music services and has 30 million users worldwide. MusicLife has also developed a model which lets users mine cryptocurrency by simply listening to song on connected musical hardware. Musical wearables can connect to MusicLife through an SDK which allows the hardware to collect listening data and establishes MusicLife’s song prices. In exchange for their listening data, users who opt in will earn MITC directly, effectively mining cryptocurrency by listening to music. The audio glasses, MusicLens™ will be the first piece of hardware to connect to MusicLife’s ecosystem. MusicLens™ are trendy glasses that use bone-conduction technology to play music without headphones. MusicLens™ glasses also have sensors which can verify that a human is listening to a song, allowing MusicLife to accurately set song prices in their ecosystem. MusicLens™ will be in mass production in late 2018.

TEAM
Liu Kaiming
Founder and Chairman
Rui Shi
Chief Technology Officer
Java Ma
Chief Growth Officer
Yijun Hong
Chief Executive Officer
ADVISORS
Junyi Liu
Music technology industry advisor
Clarence Guo
Global Legal Consultant
I've invested at MusicLife and feel scam here now

If you suspect fraud, it is better to bring it to the attention of the law enforcement authorities. With ICO frauds, every day counts because fraudsters can sweep up the evidence.

Feel free to contact us:
We will help you to find the data about fraud (rate $ 30 per hour). In the future, you can submit this report and the case to any competent lawyer. An example of a research report is available here.

Consult us free of charge about collecting debts from an ICO project bubnov@forensictokenlab.com or via telegram @ICO_Forensic_NOW
We also collect facts about the withdrawal of crypto active assets from the project. If you have any information available about a cryptocurrency, please, send it to us for analysis.