What happened to this project? At first, he showed great promise. The idea of the project is great, but the last months there are no announcements, they are constantly postponed. I hope the project team will soon give us good news.
In my opinion it has failed because it couldn't overcome most of the same issues that have been plaguing the music industry since the first mp3 was pirated. Kids have always been the main driver of music sales, and kids don't buy music anymore. They stream it or download it for free. MUSIC is trying to inject fair economics back into it and is a great idea for musicians but the consumers just don't seem that interested.
I thinks it is still a good project in music. But looks like it is very hard to open the market.
Also Kodak want to release the picture focus coin which is also very help on the image copyright. And also no one interested at this moment .
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BoardAnnouncements (Altcoins)
Re: [ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸
I think the reason why they got delisted was either due to low trade volumes or due to the dev miner fee where a large percentage of a mined block was sent to the developers wallet.
From what I recall the block reward was 314 MUSIC and later it was reduced to 250 MUSIC where the difference went to the dev wallet.
This created an issue because it pretty much was no different than having a premine and generally coins which have premine are similiar to ICOs and most of those were labelled as securities and since Bittrex is in USA they need to comply with SEC.
Most likely if they never did the forced dev block miner fee, then they would of remained listed.
CMC usually delists coins when there is no active market for them. Many reasons for doing this. One way is to keep the market cap accurate and if a coin stopped trading at a certain price then the market wouldn't be fully accurate since you can't actually sell that coin at that price.
Also a coin could be delisted at a high price related to BTC, and BTC can rally like it did from $3k to $14K and the alt would get market cap even though the price isn't accurate, that's another reason why they delist.
And I don't think its a real delist, most likely when an exchange gets added, it will be listed again.
looks like there is no hope for musicoin to re-list in another big exchange again.
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BoardAnnouncements (Altcoins)
Re: [ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸
I think the reason why they got delisted was either due to low trade volumes or due to the dev miner fee where a large percentage of a mined block was sent to the developers wallet.
From what I recall the block reward was 314 MUSIC and later it was reduced to 250 MUSIC where the difference went to the dev wallet.
This created an issue because it pretty much was no different than having a premine and generally coins which have premine are similiar to ICOs and most of those were labelled as securities and since Bittrex is in USA they need to comply with SEC.
Most likely if they never did the forced dev block miner fee, then they would of remained listed.
Re: [ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸
by
nibutton
on 16/07/2019, 04:18:27 UTC
their facebook shows:
The BTC-MUSIC market will be removed on 07/12/2019 from Bittrex. We invite all $MUSIC holders and users to store their $MUSIC amounts: a) on a cold storage wallet or b) on the Musicoin desktop wallet or c) on MyEtherWallet d) on Musicoin account listener or musician e) Dove wallet Or do not recomended f) Coinomi
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Re: [ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸
by
nibutton
on 16/07/2019, 04:14:52 UTC
where is the developer ? At least they should have some words on this delist issue.
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Re: [ANN][$MUSIC] Musicoin Blockchain Upgrades to V3.0(“Quantitative Tightening 🎸
The block explorer does work but you need alot of patience. Basically 75% of the time you get some 502 error. And the other 25% of the time, it actually does work but it takes up to 5 minutes to get anything to show up.
I am assuming due to the low price of MUSIC the owner of the block explorer keeps it hosted somewhere with a shared host and its painfully slow. Hopefully some other block explorer comes online which shows the entire chain and not just the transaction in the last 9 months or so.
Also I am having issues finding any working pools. THere are some pools but there is either 1 or 0 miners. I've checked the last 5 pages or so in this thread and only found 2 pool posts and both of those seemed pretty dead. Wondering if anyone is still mining this coin?
Looks like we are about to go to 5 sats or so with MUSIC.
Its pretty sad how badly this coin has performed since last January 2018. I never would of assumed it would hit 10 sats even, we are currently at 6 satoshis and looking at the order book there aren't that many bids in total. Basically less than 2 BTC worth of bids. The ask side on the other hand is pretty thick.
I don't know if we will be able to recover if we ever hit 1 satoshi, coins that go in that area usually end up being delisted and dead a few months later.
Hopefully MUSIC can survive that.
i do not understand this is so great a project. But why the coin price is so crap ? How the team is working on this ? Is it be gave up ?
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Re: [ANN][MUSICOIN] MUSICOIN Mobile V2.1 now supports in-App purchase of $MUSIC 🎸
by
nibutton
on 15/05/2019, 09:07:11 UTC
buy
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BoardAnnouncements (Altcoins)
Re: [ANN][MUSICOIN]Volareo now processing pre-orders for Musicoin smart speaker🎸
With Musicoin we are going back in time with 2017 prices ATL
I have invested/mined MUSIC basically maybe 5 days after this thread was created and the prices were NEVER this low ever in terms of BTC.
I think the lowest on the Crytopia exchange was maybe 80-90 Sats or so and there was maybe some OTC sales for 50 Sats which were done privately. However it looks like it might break the 30 Sat range and head lower.
Hopefully it won't hit 1 Satoshi because at that price, you can say that coin is dead because it will be very tough to crawl out of that.
Anyone who knows Bitmain can tell you that they already have these built and are mining in house until profitability is so low they then will sell them to the public
fuck ASICs!
I guess that is why lots of MC$ be sold result in price plump ? looks like current price is meanless on GPU mining. I have shut down the machine these days.
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Re: [ANN][MUSICOIN] Coinomi multi-asset mobile wallet supports $MUSIC
So my wallet (1.0) is synced and connected to multiple peers. However, it's not showing the correct balance. Why? My balance is current in the explorers, just not in the app.
I was having the same problem. I upgraded to version 1.0.1 of the wallet, and now everything is fine.
I did that and I was expecting it to work as well. No dice.
Do not use Musicoin.nomnom pool bcz is fake scam robber POOL .. They dont give me my 20000 music balance
I also mined on this pool because they claimed they are the original pool. But after my mining first time of about 250 muiscoin$, they did not payout immediately and pending for couple of days. And I found this pool produces much less amount of MC$ than other pools.
Why you guys no pre-check and directly mine so many amount of MC$ ?