KINGSLAND, Ga., Oct. 3, 2018 /PRNewswire/ — 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 ensure that musicians and artists are compensated for the use of their performances.
CyberFM has created an open-source online royalty payment model with peer-reviewed information available worldwide through a distributed ledger system. This is a dual cryptographic token ecosystem named as the CyberFM “CYFM” token and as the “MFTU” token for representing the “Mainstream For The Underground” product branding.
Co-founder James Tylee said, “We have accomplished this strictly with internal resources and without an expectation of profit: this growth in service offerings is tied to our core business without the need for third-party proceeds. The ability to hedge CYFM tokens has already been proven successful with paying required regulated licensing fees in the United States and Canada.”
Any online radio station can now use the CYFM crypto token, via exchanges, to pay regulating agencies in the United States and Canada through CyberFM’s network. The CYFM Token covers every online broadcast and protects every artist, equally. This is automatically compatible with any form of representation and current PRO membership.
“Every internet radio station can be fully compliant at a world-wide level with a decentralized environment, with the Philippines as our next point of progress. Personally, I think this is a historical feat, allowing governments to seamlessly accept blockchain solutions without their own investment,” Tylee continued.
Chosen over the years by leading A&R Firms, Recording Studios and Record Labels, CyberFM offers innovative services directly to listeners at absolutely no charge. CyberFM is now providing a permanent resolution to the “Value Gap” which is the biggest threat to the future sustainability of the music industry.
Something for users to think about:
We were here well before crypto and will be here many years after many are long gone.
We did not perform an ICO.
We were formed during the Great Recession.
A self funded company with founders having deep pockets.
Besides radio, we have architected technology such as data saver, mobile deposit, electronic trading for Brazil and in fact many of the Crypto-based Exchanges use our technology!
Lastly, our funds go deep enough to see the project through.
Whether it is 3, 6, 12 months or a few years from now, some users will be along for the ride watching us change music and crypto as a whole, while others will bail early and watch from afar.
I have tended to remain silent over the past decade, but clearly: the times they are a-changin’.
CyberFM is proud to announce that “History has been made in the Blockchain World.” However, we have implemented a timer for the “big reveal.” Do not fret. We have 100% locked, sealed & delivered this accomplishment. The news is “not hype,” but our bragging of it is. No Distributed Ledger Project in the United States has accomplished this. We ARE the 1st. Guess it early and win 10M $CYFM Tokens. https://makeblockchainhistory.com
Personal note: Here’s the kicker, if you truly “know” CYFM, you already know what has happened. And there’s an easter egg IN the site.
We are taking the appropriate time now to insure the correct media contacts have time to run this information.
Where are the CYFM and MFTU Tokens headed? Where is the ecosystem at now? Compare our completed checkmarks with other projects that you encounter.
A forward-looking road map will be released shortly. Below is a list of Production-Ready accomplishments that you can already interact with!
We are 10 years old and self-sustaining. We have key investors and consistent revenue each year.
One of the reasons for this project: We became so overwhelmed with Artists, we had to improve upon our Sign-On process!
Sign up for our wallet at Hexel. You get added benefits of being able to spend Tokens there as well.
Already functional! Both CYFM and MFTU Tokens will have exchange capability here onsite and elsewhere.
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.”
Candy store Rock N’ Roll corporation jellyroll,
Play the singles, it ain’t me,
It’s programmed insanity: You ASCAP – If BMI –
Could ever make a mountain fly.
If Japanese can boil teas
Then where the f**k’s my royalties?
Song: No Surpize
Album: Night In The Ruts
Songwriters: Joe Perry / Steven Victor Tallarico (Steven Tyler)
The MFTU Token is similar, but represents the world’s first truly digital, fair, legal and cryptographic Performance Rights Organization for Independent Artists. Protecting their rights and payments across the entire globe!
Both utility tokens are an ERC20 asset registered on the ETH blockchain used to create this universal payment system that enables royalties to be collected for all performances, at all times, throughout all countries! The MFTU and CYFM tokens will also be used initially to compliment fiat payments for online radio memberships, credits for in-app purchases and registration fees.
This ecosystem represents a universal, international currency that will compensate all artists and performers across the world! The aforementioned will be compensated regardless of individual membership to their respective Performance Rights Organization. However additional perks, rewards and income will be available when these members fully adopt our system.
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.
An important note:
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.
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.
We protect against all common attacks and store only hashed passwords using bcrypt. Our website traffic runs entirely over encrypted SSL/TLS (https). The source code has been independently security-reviewed by third party security engineers. Hunter2 has also reviewed the codebase and provides ongoing security training to our engineering team to stay up-to-date on best practices in security.