Mozik to Launch Double IDO on Ignition and BSCPad
[PRESS RELEASE]
We are thrilled to announce that Mozik is the next disruptor launching its IDO on Ignition and BSCPad. The platform takes on the music industry with an innovative format to change how artists and their fans interact through music. We are eager to see your participation during the IDO. Here are some important dates to take note of for those intending to participate.
IDO on Ignition: May 20, 2021, 11AM UTC
MOZIK IDO on BSCPad
Launch Date: Thursday May 20th
Staking Eligibility Cutoff: Thursday May 20th, 5 AM UTC
Public Sale Token Price: $0.02 BUSD
Allocation Round Open: Thursday May 20th, 8 AM UTC
Public Sale (FCFS) Round Open: Thursday May 20th, 1 PM UTC
Pancakeswap Listing Date/Time: Thursday May 20th, 2 PM UTC
Maximum Token Supply: 1,000,000,000 $MOZ
Tokens Available in BSCPAD Public Sale: 5,000,000 $MOZ
Circulating Supply at Listing: 25,550,000 $MOZ
Market Capitalization at Listing: $511,000 USD
Public Sale Vesting Schedule: 33.33% at TGE, then 33.33% percent per month for 2 months
What is Mozik?
There exists a large gap between music consumers and the artists who produce it through centralized streaming services. This is especially seen in terms of revenue generation for artists.
For example, Spotify pays between $0.003 to $0.005 per stream, meaning that an artist would have to receive over 250 streams to make $1! Yet, listeners pay subscription fees, and ads are hosted on such streaming platforms. Where does the money go to if not the artists?
Well, Mozik is the platform that wants to connect artists and their listeners directly to eradicate the imbalance that is a result of connecting through third-party centralized streaming platforms. It allows artists to now manage and secure their intellectual property (IP) through NFT technology.
By using NFTs, artists can profit directly by selling rights to or use of their music. The IP transaction system proposed is also legally supported such that artists can present it as proof in case of copyright infringement.
Mozik aims to empower independent content creators to help them realize proceeds from their work that will, in turn, lead to higher-quality content creation on the platform.
About Mozik
Mozik is a blockchain-powered innovation geared towards growth in the music industry by eliminating third parties and connecting content creators directly to their consumers by leveraging NFTs to monetize intellectual property adequately.
Connect with Mozik on the following platforms.
- Website
- Telegram
- Medium
