MAESTRO - Maximizing Profits For Artists And Minimizing Expenses For Consumers

Maestro Platform

An EOS.IO-based Blockchain System
Maestro is focusing on fast software development of a smooth service for the music platform. Maestro uses EOS.IO-based blockchain technology. We chose EOS.IO because of its high scalability using parallel CPUs, far superior speed, and free transactions based on DPOS. To maximize profits for artists and minimize burdens for consumers, Maestro uses an EOS.IO-based blockchain that does not require any individual transaction fees from users. The cost of the blockchain is charged to the developer using EOS.IO. There are no costs apart from the coins deposited to the developer. We use EOS.IO blockchain technology to increase the benefits of decentralization for all users.

Maestro's goal is to decentralize all areas of service. The Maestro team has reviewed the technology for implementing file transmission, streaming, and other functions using distributed servers. The Maestro System will use a distributed server system called IPFS (The InterPlanetary File System) to transmit streaming files. IPFS is a distributed file system that uses a structure to connect computers to the same file system.

IPFS has implemented a server- and client-based web using a P2P method. Previously, webs could only be maintained using a centralized server. With IPFS, webs can be distributed and maintained without a centralized remote server. In other words, even if a server becomes inoperable, the files are distributed through P2P, allowing them to be shared without delay. EOS.IO uses IPFS to implement the distributed storage, which is also the reason EOS.IO was chosen for the Maestro system. Developers using the EOS.IO platform put up a set amount of coins in order to guarantee the CPU and storage usage for the EOS.IO blockchain. As the holder of the Maestro tokens, Maestro allocates the profits generated by its platform to all other token holders.

Maestro is also allocated with platform profits based on the number of tokens we hold. Part of these allocated tokens will be used to purchase and deposit EOS coins to ensure smooth Maestro system operation, leading to quality service maintenance and enhancement. Maestro will progressively upgrade the Maestro system, according to the development stage of EOS.IO.

The Maestro team promises to lead the project efficiently and decentralize service operations progressively. We seek to address any of the problems or uncertainties found in other music platform projects, and hope to operate and expand our operation in a practical and rational method.

Maestro's Profit Structure

Ensemble's Blockchain Record Structure

Maestro manages rights for all songs in Ensemble. The rights and ownership details for each song are recorded in the EOS.IO network through smart contracts. User IDs and addresses are linked by syncing with the account management server, and the rights to songs are also synced.

Mission and Goals

"To create a productive environment where artists are actively supported, a structure in which the rights of creative works are fairly allocated, and an ecosystem where artists and investors can cooperate to share profits" Maestro's goal is to change the current centralized management system to a decentralized platform among users with blockchain technology. Ultimately, we want to revolutionize the music streaming industry so that the profits returned to artists and investors are more fairly distributed.

Inevitably, there will be obstacles to implementing new technology in an already mature music industry. New technology must harmonize with the current industry's structure and has to be accepted by all its stakeholders. Barriers to entry are even higher due to the strong culture and longstanding conventions of the industry. Therefore, Maestro's team will focus mainly on segments where blockchain technology can be realistically implemented. It must reconcile with the existing bureaucratic music industry to make swift progression.

Tokens

MAEs are provided through snapshots of the wallets in Ensemble. Platform profits are allocated once per week. The Maestro team's goal is to decentralize the profit structure through blockchain technology. All platform profits are affected by the number of MAEs held. Unsold tokens will be destroyed. Due to inflation, issuance of additional tokens is expected to take place once per year, and further issuance is prohibited as a rule.

Goals to Attain

Soft cap for ICO: None
Hard cap for ICO: 62,000 ETH

The Maestro team is under way with the project already, with KRW 500 million funding. Consequently, there is no set soft cap, and the project will proceed regardless of whether we achieve the target amount or not. After the 2nd ICO, there will be no additional token sales.

Current Production Process

Production companies receive funding as investment from labels to produce music. As such, they first transfer exclusive rights to the distribution. Even if only part of the rights are transferred, the artist should just distribute their music through the label. Once the contract is drawn, the artist has no choice but to follow the established process to receive proper funding and publicize their creations. With Maestro an Artist can make:

Crowdfunding for Music Production

To create an all-encompassing musical ecosystem, Maestro is focused on solving capital problems and providing a stream-based streaming streaming service. Maestro will solve this problem through crowdfunding. Crowdfunding is an alternative financial service that allows projects or businesses by raising money from many people. Already known as the business method used by Kickstarter and Indiegogo, funding of $ 16.2 billion has been invested worldwide through this method. Crowdfunding has solved funding problems for promising businesses and projects while creating new processes that enable early adopters to choose products to produce. Many projects, especially in the arts, have successfully started through this process.

Maestro wants to apply the concept of crowdfunding organically throughout the music industry. We aim to create an ecosystem where production costs are raised by fans and investors, and the benefits generated by streaming songs are distributed evenly amongst artists and investors. Blockchain technology will thus play an important role in providing funds to produce music and equitably distribute its rights.

Models of Reasonable and Breakthrough for Consumers

Maestro methods will bring more benefits to consumers as well. The Maestro service already makes sense of the pricing policy in which consumers pay according to the number of songs they have actually flowing. If consumers do not use any of the services provided, they are not charged. Maestro provides incentives to consumers by allowing purely playable subscription packages based on usage. This funding structure provides new investment and communication opportunities for consumers. Consumers can choose to communicate directly with artists and become active participants in their projects. If the projects they funded succeed, they can expect a share of the profits based on the amount of their investment. Maestro is the first blockchain platform through which consumers and artists can help each other for mutual benefit

Total usage of tokens can be divided into five components: 40% on engineering and software development; 25% on marketing and business development; 15% on operational expenses; and 10% each for license fees and legal expenses.

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