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.