MAESTRO

Maestro is primarily composed of two parts: "Symphony," the streaming service, and "Ensemble," the crowdfunding center. Artists can raise funds for their project prior to production through Ensemble. After completing the project, they can then distribute their creations and generate revenue through Symphony. The distribution and handling of rights, copyright, and transactions are all transparently executed through Symphony in accordance with data recorded on Maestro's blockchain.

Maestro will become the new paradigm for the music industry. We at Maestro will provide an environment that allows for unhampered creation as well as an ecosystem that fairly divides rights of songs between artists and investors, and profits among all token holders. Maestro aims to revolutionize the bureaucratic media industry and to cooperate with existing parties to ultimately aid and nurture a greater diversity of artists.

WHY BLOCKCHAIN?

Blockchain technology is undeniably changing the face of the digital music industry. However, existing blockchain music services focus solely on improving established streaming and distribution structures, and fail to address fundamental problems of the current industry. Future music products developed with blockchain, unlike their predecessors, must utilize the technology to provide innovative functions that revolutionize the music industry at its core.

Maestro started with such a need, to solve a problem that plagues the music industry today: namely, the unfair structure of the industry itself. Third parties, such as labels and agencies, currently reap in over 80% of generated profits, leaving artists with barely any support and struggling with financial burdens. Music player companies only exacerbate this inequality through inefficient bureaucracy.

We at Team Maestro believe that for both music and its industry to thrive, we must provide an environment focused foremost on promoting the creative efforts of artists and guaranteeing their fair compensation. Therefore, we propose a blockchain-based music platform that acts as a creative ecosystem established on virtuous cycles of mutual cooperation between creators and consumers.

Music distribution rights are currently monopolized by third parties such as labels and production companies, who have used their influence to control the resulting profits. The inequality inherent in such a distribution structure affects not only artists, but also consumers, who become burdened with unreasonable prices they must pay to enjoy music. Maestro aims to create a transparent industry through decentralization with blockchain technology. By leaving out the "middlemen" from the process, consumers will be able to use streaming services at considerably more reasonable prices.

PROFIT STRUCTURE OF MAESTRO

The profit model is primarily comprised of fees from the streaming service and crowdfunding. Fully 100% of profits are returned to the token holders. All profits are fairly returned to the token holders according to the ratio of tokens held. The Maestro System does not obtain any profit.

Fees for the streaming service are set at 10%, and the fees for Crowdfunding are set at 3% of the total funding amount. The fees may be altered during operation, but the Maestro team's goal is to set the fees as low as possible. All fees generated by Maestro are equitably allocated to token holders according to the ratio of tokens held.

Ensemble provides a balancing of accounts system for allocation. For all balancing of accounts, Ensemble takes a snapshot of the wallets within Ensemble once every week. Profits are transmitted to individual wallets in Maestro Tokens according to the ratio held at the time the snapshot was taken. The Maestro team will initially retain 22% of the Maestro Tokens to maintain the streaming service. The Maestro team also will also receive a balancing of accounts for profits according to the amount held at the time of the snapshots. This shows our determination to decentralize most of Maestro's systems going forward and to allocate all profits fairly.

OVERALL STRUCTURAL DIAGRAM OF MAESTRO

MAESTRO TOKEN

The Maestro Token (MAE) is the base currency of Maestro. This token is the payment method for the streaming service and will be listed on the exchange. All payment methods within the service will use Maestro Tokens. Investment profit will also be distributed in Maestro Tokens.

Token Details

Token Name: Maestro Token

Token Symbol: MAE

Standard: erc20

Total number of tokens released: 1 000 000 000 MAE

Number of tokens for sale: 620 000 000 MAE

Private Sale round: 16.06.2018

Start 1st ICO: 30.06.2018

Start 2nd ICO: 16.07.2018

The price of the token: 1 ETH = 10 000 MAE

Soft Cap for ICO: None

Hard Cap for ICO: 62 000 ETH