The Ubuntu Philosophy

Ubuntu (Zulu pronunciation: [ùɓúntʼù])[1][2] is a Nguni Bantu term meaning "humanity". It is often translated as "I am because we are," and also "humanity towards others", but is often used in a more philosophical sense to mean "the belief in a universal bond of sharing that connects all humanity"
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The term is born in South Africa, but it's a common philosophy across all the continent.
At its core, it's about sharing and caring, and defines what it means to be human.
Love and respect embodies the spirit of Ubuntu, humanity is a quality we owe to each other on a daily basis and can solve today's social disparities.

'A person is a person through other people'
Desmond Tutu

Ubuntu as a political philosophy could very well represent what we are all fighting for, here on the blockchain, the redistribution of wealth that will establish balance and equality in this world, but without undermining individual uniqueness and differences.

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What is Musicoin?

Musicoin is a music streaming platform built on the blockchain that supports the creation, distribution and consumption of music in a shared economy. Listeners can stream songs from independent musicians on our platform absolutely free and without ads, while musicians are compensated more fairly than major music streaming platforms in the industry.

Isaac Mao(CEO), created Musicoin as a way to address the problems associated with the current global music industry, the Big Three (Universal, Sony , Warner) own 80% of the global music market, and the average musician is supposed to compete against these giants, making a ridiculously low revenue on Spotify or Pandora while the Big Three thrive in this controlled economy.

As for 2018 Independent labels only represents 12% of the market, the tables are slowly turning thanks to initiative of "sharism", which enables artists, producers, and musicians to earn on Musicoin more than anywhere else...

Universal Basic Income

Most of the existing music streaming services pay out less than a penny for unsigned artists per play. As of June 2017, Spotify and Pandora paid out $0.0038 and $0.0011 each while Napster paid out $0.0167 per play. Musicoin pays out $0.0200 per play, and it is more than 18 times the amount of Pandora’s per-stream rates.
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Thanks to the Universal Basic Income (UBI) pool, Musicoin can reward its artists with the highest per stream rates in the music industry.
The revenue from the PPP (pay per play) is not affected by the fluctuation of the value of $MUSIC(crypto currency) as the system adjusts the amount of $MUSIC per streaming based on the current market value of $MUSIC.

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The population of Africa around 1.2 billion people

1 Nigeria 181,563,000
2 Ethiopia 103,764,000
3 Egypt 89,125,000
4 Democratic Republic of the Congo 77,267,000
5 South Africa 54,957,000
6 Tanzania 51,046,000
7 Kenya 45,533,000
8 Sudan 40,235,000
9 Algeria 39,670,000
10 Uganda 37,102,000

The blockchain technology and initiative like Musicoin will be a key factor in the development and the empowerement of Africa, and its musicians.
With a potential market of more than 1 billions users, with a culture that lives through music, it's a matter of time before Isaac Mao's philosophy of "Sharism" is adopted "en masse" all across the continent.
Going full circle

Join Musicoin Today :) and be a part of the movement