CyberFM Mainstream For The Underground
To bring everyone to this ecosystem that represents a universal, international currency that will compensate all artists and performers across the world!
Mobile devices and the Internet have changed how music is broadcast throughout the world. Most countries enforce a royalty payment method via government regulation to insure that Musicians and Artists are compensated for the use of their performances.
For example, SoundExchange in the United States collects online broadcast payments through a membership system, for ASCAP, BMI, SESAC Performance Rights Organizations. Large online radio networks have monetized this valuable content with subscription systems, membership perks and traditional broadcast advertising in attempt to offset the fees enforced by the laws.
We have created an open-source online royalty payment model with peer-reviewed information available worldwide through a distributed ledger system. This Dual Token Ecosystem is named as the CyberFM “CYFM” token and named as the “MFTU” token for “Mainstream For The Underground.”
Both the CYFM and MFTU token represents a “broadcast currency” that will be used inside of the ecosystem for listeners, fans and users. For example, listeners may win MFTU tokens in a radio contest, they may use the tokens to purchase premium memberships for song-skipping, on-demand downloads, commercial free streams and other benefits. Our smart contract implements the ERC-20 token standard using libraries from OpenZeppelin, which have been thoroughly reviewed and tested. Additionally, our token contract has been professionally audited by the experts at Quantstamp.
Based on the Howey Test, the intentions of both tokens are strictly to be used as a universal, internationally accepted currency. This token has no role in the profit and success of the 10 year old “Cyber-FM” Company located at any of our websites. Additionally, these tokens are not for sale at any CyberFM based website. No Initial Coin Offerings (ICOs) are planned or needed for either token.