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Emanate is building decentralized ‘Technology for the Future of Music’. The audio streaming payment engine is the fastest music monetisation mechanism on the planet, and the team are now scaling up the user base and use cases.
EMANATE (EMT) token economy has been one of the primary focuses of developing the Emanate ecosystem. The EMANATE (EMT) token is central to the utility and ongoing governance of the platform. Emanate have and continue to work closely with Actuaries and Lawyers to design our token economy to be beneficial to token holders at all stages. The purchase of EMANATE (EMT) tokens is considered as an intention to participate in the future Emanate ecosystem. The tokens and token-economics are designed to also make EMANATE (EMT) tokens useful to the owner, giving token holders access to platform features, and requiring the use of EMANATE (EMT) for certain types of transactions. EMANATE (EMT) may be required for the following functions:
- Artists to publish music for monetisation
- For listeners to consume audio
- Network supporters, earning rewards for contributing to the network
The aim of the EMANATE (EMT) token is not only to utilise the services within the network but as an incentive mechanism to the broader community to provide services to the Emanate ecosystem and ultimately creating a more valuable and beneficial platform for all. This could take the form of rewards paid in return for the service of running an Emanate network node or rewards paid for other Emanate ecosystem services.
Token Status and Distribution
Emanate completed a private sale and public pre-sale, as well as some airdrops to musicians and EOS holders. Additional token distribution events may occur in the future. Details are in the whitepaper.