What is the MUSIC coin and why is it skyrocketing?

in #music7 years ago

Greetings everyone!

Today I'd like to talk to you about $MUSIC, a new cryptocurrency which has seen a steady increase in value the last couple of days (particularly noteworthy as most coins, included bitcoin, have been temporarily decreasing in value).
MUSIC is a new cryptocurrency that's based on a blockchain and smart contracts. The idea is that each and everytime someone hits the "play" button on a song, a payment transaction is made. No intermediaries and no monthly fees. It's descentralized in a way that the artists can have full control over their craft and pricing, while the user doesn't have to overpay the expenses included on the song itself by labels, companies and resellers.

$MUSIC is a minted coin, which means you can mine it with hash power like most other currencies. The current complexity is a bit high for my taste, compared to the outcome and value, but I believe it's a really interesting investment for the long run.

Also, as we speak, $MUSIC is only three cents of a dollar each:

And I personally believe it's real value should be set much higher.

So there you have it, folks! If you were looking for a cool, cheap invention to jump on while it's still affordable, this is arguably a great choice. Have fun investing!

Follow me for more cryptonews and explainations. Finance is my specialty and so could be yours!