Based on a Polygonal System for Generating Intelligent Contracts The “God Of Musician” (G.O.M) blockchain-based music NFT initiative is revolutionary for both the music industry and NFTs. The project may be compared to a popular songs chart. There is an official platform utility token, and its symbol is GOM token. The whole chain will be introduced with the intention of creating the biggest blockchain music platform in the world. In this case, the NFT version may produce whole albums, melodies, lyrics, and even a single verse.
The GOM coins are mined using the Gminer software. The levels of Gminer are Beginner, Intermediate, and Advanced. Three tiers of quality are available: standard, intermediate, and premium. GOM coins can only be produced on the platform via airdrop and Gminer at the moment. Every day, a typical Gminer will produce 1 GOM coin. The availability of Gminers for purchase is restricted.
Next, GOM token holders may bet or keep their tokens to increase their earnings potential. The amount of tokens invested determines the artists’ or musicians’ take. Users may also receive awards by correctly predicting the future positions of songs in the top 100. One important consideration is that a user’s GOM tokens are safe regardless of how incorrect he is about the song’s chart trajectory.
Description of Gsound
If people keep voting and mining on Gsound, the token holders will be paid forever. Those who have higher Gsound ranks get perks commensurate with those levels as Gsound itself progresses. By showing their appreciation, users may help bring more attention to talented artists.
Voting investors who commit their assets to GSound are rewarded with periodic payouts. When a GSound holder achieves a higher level, they have access to a wider range of benefits.
The Process of Staking
With their G.O.M coins, investors may reserve mining on their favourite Gsound. This will put them in a position to win the appropriate award. This Gsound shareholder is qualified to receive dividend payments on an ongoing basis.
Lock-up mining scenarios are predicted, including promotions and demotions. Assuming your prediction is correct, you will be given the reward. Nothing is in place to hold people accountable when they make mistakes.
Methods of Voting
Furthermore, the platform enables the DAO community to cast votes. In this setup, those who have GOM tokens have a voice in the running of the business and in making policy decisions. Token holders in a decentralized autonomous organization (DAO) vote on collective decisions rather than reporting to a central authority. All user activity on the DAO, including voting, will be publicly viewable thanks to the blockchain.
The project will be finished in four stages by 2022 and will evolve until its final completion. Beginning with a website and artist partnerships, the team will next go on to a white paper, token launch, and the construction of an incubation platform for music NFTs.
The second stage will mostly include the introduction of musicians and the Gminer pre-sale. The group will be responsible for marketing and writing. In order to increase marketing efforts, the team will use influencers and establish a strong community.
In the last stage, artists from all around the world will be recruited, their Gsounds created, and the Godboard charts activated.
Last but not least, we’ll enter a phase when users may begin buying and selling music through Gsound. Members may store NFTs and get benefits as a result.
Where and How to Sign Up
Users must first sign up for an account with the service. Then, consumers will have access to a wide variety of musical genres, and musicians will be able to distribute their albums and singles as NFTs. Finally, users may sell, buy, and trade their NFTs.
Follow their social media accounts and check out their website if you’re interested in learning more about the project.