The session of AMA ( Ask Me Anything ) with SmartMusic was conducted on 28 May 2022 at 7:30 PM IST (2 PM UTC) and lasted for 1:30 hours.
Eddy from SmartMusic has joined us for this AMA session.
Could you introduce yourself and introduce Smart Music to our community?
I’m Eddy, I represent the Smart Music project as a voicer moderator.
Human being in general likes to listen to music, who here doesn’t enjoy listening to music, right? With that in mind, our developers created Smart Music that will reward you for listening to music.
Can you tell us the story behind this project? As it is related to the Move to Earn trend.
Developers have a lot of experience in the market, and with the knowledge acquired, they realized that one of the best ways to bring cryptocurrencies to the population is through music.
After all, how many people today have a headset listening to some music, it’s a large and billion-dollar market.
Combining cryptocurrencies with music will certainly take us a long way.
What is the main network that Smart Music focuses on?
It is the Binance network, although it is a blockchain network that has many scams and frauds, we prefer to adhere to the ease and popularity of the BSC network.
Fees are low and so far it has been the only network that hasn’t had so many scalability issues, but soon we will bring our own blockchain.
How does the project work? How is it different from other music encryption projects?
I believe that one of the biggest differentials that exist within Smart Music is that it is fully decentralized, and seeks to have its own blockchain.
Partnerships with DJs that are being negotiated, and nightclubs around the world, are some of the details that we will officially bring soon.
The broad vision and experience of the devs are also a big differentiator.
What are some of the use cases for the MUSIC token? Was it audited?
We have an audit, and $MUSIC as previously said will bring a payment system with partnerships in dance houses around the world.
Families will be able to gather in online karaoke rooms, private music rooms, takeout, and more. We know that any token that is not useful to the community tends to fail, so we will always bring news so that $MUSIC doesn’t lose value.
As you say, #musicsmart allows musicians to share the success with its faneless, how does act upon cases where musicians aren’t as recognized as they’d like to be? How does music maintain a healthy relationship between both musicians and fans in these situations?
One of the pillars of Smart Music is socio-cultural development through our project. In other words, one of our goals is the discovery and launch of new talent, launch podcasts will bring visibility to new musical talent and interaction with the public. There are so many hidden talents that just need a chance, we will do our best to give them this chance and reveal their talents to the world.
At the moment, all tokens go down in price even with great partnerships, hype, marketing, and working products, etc.
So, what the challenges do you have and the plan to make your project strong popular? Are you see it as an opportunity while the current market decline?
We usually have an initial hype for all tokens, and over time the ideal price is set according to the market.
Some factors are essential to keep a token in evidence and to give it usefulness, in Smart Music, we will be providing several services that will bring usability to our cryptocurrency.
Undervalued tokens are great opportunities to buy, it has always been that way. We have to analyze those that have solid foundations, and with that, we will make big profits.
A lot of cases investors are just chasing short-term returns instead of the true purpose of tokens. What have you done to prevent such a scenario from benefiting a project? Also, how will you prevent a project from mishandled and disappearing the money invested?
We will bring a concrete purpose to our coin, delivering our platform where users can listen and earn, following our entire schedule we will bring credibility and make long-term holders part of our community.
The team has more than 4 years of experience in the market and has been continuously observing the situation and adapting.
Community feedback is essential so that together with the team’s experience we can make Smart Music a success.
What is the most ambitious goal of your project? What is the ultimate vision that Your project is trying to achieve within the cryptocurrencies market? I would appreciate it if you could share with us
To keep our feet on the ground, we make plans and set goals little by little so that no frustration occurs, so I would say we have a dream.
This dream is summed up in getting 100,000 users of our platform around the world. By reaching the largest number of people, we will be able to change society’s view of the arts and cryptocurrencies, aiming at social transformation and sustainable development.
KJoy Hoang Avila
How do you plan to spread awareness about your project in different countries where English is not good? Do you have local communities like Vietnam, Indonesia, Thailand, Korea,.. so they can better understand your project?
We are already looking for influencers from these regions to promote smart music.
Nearly 80% of investors only focus on short-term token price instead of understanding the real value of the project. Can you tell us the motivations and benefits for investors to hold your tokens in the long term?
When the project was conceived, pillars were established, one of which is security, where there is no centralization, that is, it is not possible to change any resource on the network. With the range of services being delivered, a seamlessly operating platform will bring reliability to the project allowing users to feel confident in investing. But we believe that the main point is to always listen to what the community has to say.
The blockchain gaming industry is such a competitive one with very many other games available what makes Smart Music games unique? how do you intend to attract and maintain new players in your game?
our project is innovative, the platform will be open to new talents, any artist will be able to post their songs and earn by playing them in our app and whoever is listening will also be winning. In addition to the nft and stake that are already known by investors.
The AMA recorded many great questions from the Crypto Players India community, as well as meticulous answers from our guest Eddy from Smart Music AMA Concluded at 9 pm IST.
CryptoPlayers is one of the oldest & largest crypto communities in India since early 2017. We are a group of 25000+ telegram members and growing.