Post
Topic
Board Announcements (Altcoins)
Re: [ANN]   Announcing $MUSIC Alliance
by
yugu
on 20/08/2017, 20:59:01 UTC

As a reference, Spotify alone streams about 750K songs per minute. To keep calculations simple in this scenario, let's say there are 1256 songs played per minute in the Musicoin network.
1256 songs played means that there has to be 1256 songs * $0.02 = $25.12 paid to artists in $MUSIC during that minute. We know that this $25.12 is the 20% of some number (since this 20% comes from the UBI pool, and the remaining 80% the miners keep), doing the math this number is $125.6. Now we know that 1256 $MUSIC mined in 1 minute amount to $125.60, which gives a price of $0.10 per $MUSIC.

Scaling up the amount of songs played per minute is proportional to the price. Meaning, if instead of 1256 songs, now we have 12,560 songs played per minute, the price per coin would have to be $1, so that artist continue to receive their UBI of $0.02 per play.

Let's try that:
12,560 * $0.02 = $251.20. This comes from the UBI pool which is 20% of the coins mined so (x = 251.20*100/20) = $1,256.00.

$1256.00 per 1256 coins mined in that minute, so price per coin now is $1.

Did I just write a bunch of nonsense? I.. don't even know, y'all tell me. Meanwhile I'm gonna continue sipppin' this scotch.
Really nice calculations. This coin is bind to music replays. The more songs are played the higher the coin's price in $.
Why are you operating with $0.02 per song played? Shouldn't it be higher?