Description:

The financial structures that govern the music industry in the digital age are obsolete. With large entities like streaming platforms and record labels taking the lion’s share of the revenue, leaving little to no royalties for artists. Additionally, the lack of innovation with respect to how fans can interact, financially benefit from and collect this subcategory of fine art (in ways that used to be possible – e.g., CDs, vinyls, etc.) has led to a massive gap in the market that projectNEWM is bridging.

The blockchain industry is already disrupting the traditional, financial operating systems that are generally controlled by the rich. As a corollary, projectNEWM, using blockchain technology, aims to disrupt the music industry by removing the overwhelming power of the monopolizing third parties.

Our vision is to create a community-owned platform that directly connects artists with their supporters; removing the middlemen and replacing them with code that’s not incentivized to make a profit. To achieve this goal, we are developing a multi-level platform powered by several decentralized services for artists to publish, distribute, directly promote, fund and launch their music.

Rewards: 

The Moving Average Community SPO

Delegators would be eligible to receive $NEWM based on the amount they delegate and the moving average market price of $NEWM token that’s calculated across multiple epochs.

Token Allocation: 400 Million NEWM (20% of Community Sale)

Delegators must be staked for 2 epochs to be eligible for rewards.

$NEWM rewards will have a 6-month lockup and rollout period.

Rewards accumulate in Dripdropz for up to 36 epochs.

$NEWM rewards are based on the $ADA rewards delegators would get linked to their delegation

Tokenomics:

Performance:

Stake Pools: