from what I understand, the development team is planning to reboot this in a serious manner, but they aren't quite ready yet. Plan is to issue a new token, with a 500:1 swap, and then burn those coins, which should make the token AND the coin much more valuable, as there is a rather high supply right now.

As I see it, and this is solely my opinion from here on, this will create essentially two complimentary systems. The original coin, Cypherfunk, and the new token.

The use case I see for this is that the token will probably be used for major undertakings and purchases, such as tour contracts, payment for music, etc, whereas the original chain will be more for tipping musicians, or perhaps a smaller unit of payment for such things as downloading a song or unlocking DRM.

This was a project started with high hopes. The music part went really well, but the coin kind of failed to take off. But as of yesterday, there's a market again, and that's a good start Especially since the token will launch sometime in the near future, now is probably a great time to stock up.

https://www.cryptopia.co.nz/Exchange?market=FUNK_BTC


EDIT:

As some of you know, I'm a heavy metal vocalist. I'd be very interested in collaborating with other musicians to make a song or two that are exclusively available using Cypherfunks