MAESTRO ICO REVIEW

A Blockchain system based on EOS.IO

Maestro is focusing on the rapid development of software for a smooth service for the music platform. Master uses blockchain technology based on EOS.IO. We chose EOS.IO due to its high scalability using parallel CPUs, very high speed and free transactions based on DPOS. To maximize the benefits for artists and minimize the burdens for consumers, Maestro uses a blockchain based on EOS.IO that does not require any individual transaction fee from users. The cost of the block chain is charged to the developer using EOS.IO. There are no costs other than the coins deposited in the developer. We use the EOS.IO blockchain technology to increase the benefits of decentralization for all users.

The goal of Maestro is to decentralize all service areas. Maestro's team has reviewed the technology to implement file transmission, transmission and other functions using distributed servers. The Master System will use a distributed server system called IPFS (InterPlanetary File System) to transmit transmission files. IPFS is a distributed file system that uses a structure to connect computers to the same file system.

IPFS has implemented a web based server and client using a P2P method. Previously, websites could only be maintained using a centralized server. With IPFS, websites can be distributed and maintained without a centralized remote server. In other words, even if a server becomes inoperable, the files are distributed through P2P, which allows them to be shared without delay. EOS.IO uses IPFS to implement distributed storage, which is also the reason why EOS.IO was chosen for the Master system. Developers using the EOS.IO platform place a certain amount of coins to ensure CPU and storage usage for the EOS.IO blockchain. As the owner of the Maestro tokens, Maestro assigns the benefits generated by its platform to all other card holders.

Maestro also has assigned the platform's earnings based on the number of tokens we have. Part of these allocated tokens will be used to buy and deposit EOS coins to ensure smooth operation of the Maestro system, leading to maintenance and quality service improvement. Maestro will progressively update the Maestro system, according to the development stage of EOS.IO.

The Master team promises to manage the project efficiently and decentralize service operations progressively. We try to address any of the problems or uncertainties found in other music platform projects, and we expect to operate and expand our operation in a practical and rational manner.

Profit structure of the teacher

Blockchain record structure of Ensemble

Maestro manages the rights of all the songs in Ensemble. The rights and property details of each song are recorded in the EOS.IO network through intelligent contracts. User IDs and addresses are linked through synchronization with the account management server, and song rights are also synchronized.

Mission and Goals

"Create a productive environment where artists receive active support, a structure in which the rights of creative works are equitably allocated and an ecosystem where artists and investors can cooperate to share benefits". The objective of Maestro is to change the current centralized management system to a decentralized platform among users with blockchain technology. In short, we want to revolutionize the music streaming industry so that the profits that are returned to artists and investors are distributed more fairly.

Inevitably, there will be obstacles to implementing new technology in a mature music industry. The new technology must harmonize with the current structure of the industry and must be accepted by all interested parties. Barriers to entry are even higher due to the strong culture and traditional conventions of the industry. Therefore, Maestro's team will focus mainly on the segments where blockchain technology can be implemented realistically. It must be reconciled with the existing bureaucratic music industry to move quickly.

Tokens

The MAEs are provided through snapshots of the portfolios in Ensemble. The benefits of the platform are assigned once a week. The goal of the Master team is to decentralize the profit structure through blockchain technology. All the benefits of the platform are affected by the number of MAEs that are maintained. The unsold tokens will be destroyed. Due to inflation, the issuance of additional tokens is expected to take place once a year, and additional issuance is generally prohibited.

Goals to reach

Soft cover for ICO: none
Hard cover for ICO: 62,000 ETH

The Maestro team is already underway with the project, with a funding of 500 million KRW. Consequently, there is no flexible limit established, and the project will continue regardless of whether we achieve the target amount or not. After the 2nd ICO, there will be no additional sales of tokens.

Token Assignment

Use of Token after ICO

The total use of tokens can be divided into five components: 40% in engineering and software development; 25% in marketing and business development; 15% in operational expenses; and 10% each for license fees and legal expenses.

ROAD MAP

Maestro's team is already working on the project and there is a KRW 500 million loan. Therefore, soft caps are not installed and the project will act independently of whether protection is reached or not. After the second ICO, there will be no additional tokens.

TEAM MAESTRO