Initially the block reward was like 314 and all of it went straight to the miners. There was no premine or ICO and it's actually what might of killed this coin since they had no funds to work with.

The coin had potential and many professionals from the music industry but with little or no capital it couldn't survive. Another issue was that it didn't have any marketing. It has good development from time to time but the issues came after the fork which reduced the block reward to miners and by then the value was very low and nobody wanted to continue developement.

The final blow was the bittrex delisting due to the fork because they are US based and were worried about Musicoin being classified as a security.