Musiconomi Crowdsale Details

The Musiconomi crowdsale has been carefully planned and designed to meet the long term goals of the project while being responsible to all participants and rewarding early supporters i.e. members of the Musiconomi and Cofound.it communities.

Pre-Sale

The crowdsale will begin with a two day pre-sale open to Musiconomi and Cofound.it Priority Pass members only.

Day 1 will begin at 17:00 CEST August 29th and run for twenty-four hours as follows:

75% of total contribution amount is available

Maximum 13.5 ETH contribution per ETH address (Musiconomi Community)

Variable maximum amount for Cofound.it Priority Pass members. See Cofound.it’s recent post for details.

Day 2 will begin at 17:00 CEST August 30th and run for twenty-four hours as follows:

Remaining contribution amount available to Musiconomi and Cofound.it Priority Pass members

Unlimited contribution amount per ETH address

Public Crowdsale

If the hard cap is not reached during the pre-sale, a 4-week Public Crowdsale will begin at 17:00 CEST August 31 and will continue until September 28th or the hard cap is reached (whichever comes first).

Crowdsale Targets and Use of Proceeds

$3mil USD Threshold

Scope of Work:

Open Musiconomi office in a strategic market centre

Launch Advanced Blockchain-Based Music Streaming Application 2.0 Build and Support Basic Sharing Features

10 Artist Ambassadors

20 Strategic Partners

Time to implement

8–12 months

Target number of users

50k

$6mil Hard Cap

Scope of Work:

Develop Playlist Feature

Develop Playlist Sharing Features

Develop Mobile App

20 Artist Ambassadors

50 Strategic Partners

Time to implement

18–24 months

Target number of users

150k

Crowdsale lasts for 4 weeks and will run until 28th of September 2017

Projected Use Of Proceeds

Development Expenses 70%

Marketing and PR 21%

Administrative/Legal/Overhead 9%

Token Allocation

The team has had the benefit of studying numerous other crowdsales and draws on the expertise of crowdsale pioneers Cofound.it to ensure an appropriate and sustainable allocation of crowdsale proceeds and tokens.

To be Issued: 100 million MCI tokens

You will receive your tokens immediately upon sending your ETH to the crowdsale contract, but they will not be immediately tradable. Tokens will be issued to the sender’s address, so please ensure you only send from an address for which you have the private keys. Do not send from an exchange.

The price of each MCI token will be $0.24, which works out to a $6M USD hard cap if all 25 million tokens are claimed. The actual cost in ETH will be determined by converting $0.24 USD to ETH shortly before the crowdsale begins.

Breakdown

25% Release to public for Crowdsale

22% Team

28% Strategic Partnership Reserve

25% Future Release (2018/2019)

Team tokens will vest for 24 months.

Strategic Partnership Reserve: This allocation will be for music professionals such as independent/artist labels, musicians, DJs, producers, promoters, distributors, and other third party integrators to incentivize them to connect their fans/network to the Musiconomi platform. It will also be used to compensate strategic advisors and ambassadors who are willing and able to support/promote the growth and development of the Musiconomi platform.