I mined and held under the assumption that the musiconomi project was also based on musicoin.
Now it will instead be based on ethereum
So what exactly will this coin be used for if the "alliance" is using other currencies instead?
I don't believe they are apart of the "alliance". Its a totally separate project. They have their own thread at
https://bitcointalk.org/index.php?topic=2012760.msg20053298#msg20053298