CyberFM (CYFM)

Mobile devices and the Internet have transformed how music is broadcast worldwide. Most countries enforce a royalty payment method via government regulation to ensure that musicians and artists are compensated for the use of their performances.

For example, SoundExchange in the United States collects online broadcast payments through the ASCAP, BMI, and SESAC Performance Rights Organizations’ membership system. Large online radio networks have monetized this valuable content with subscription systems, membership perks, and traditional broadcast advertising to offset the fees enforced by the laws.

We have created an open-source online royalty payment model with peer-reviewed information available worldwide through a distributed ledger system. This Dual Token Ecosystem consists of the CyberFM (CYFM) Token and the MFTU Token (“Mainstream For The Underground”).

The CYFM Token represents a regulatory-compliant cryptographic form of currency for artists currently registered with local representation, such as SOCAN in Canada or others mentioned above.

The MFTU Token is similar. Still, it represents the world’s first truly digital, fair, legal, and cryptographic Performance Rights Organization for independent artists, protecting their rights and payments across the globe!

Both utility tokens are ERC20 assets registered on the Ethereum blockchain, used to create a universal payment system that enables royalties to be collected for all performances at all times across all countries. The MFTU and CYFM tokens will initially complement fiat payments for online radio memberships, credits for in-app purchases, and registration fees.

This ecosystem represents a universal, international currency that will compensate all artists and performers worldwide, regardless of individual membership to their respective Performance Rights Organization. Additional perks, rewards, and income will be available to members who fully adopt our system.

Both the CYFM and MFTU tokens represent a “broadcast c”currency” that will be used within the ecosystem by listeners, fans, and users. For example, listeners may win MFTU tokens in a radio contest; they may use the tokens to purchase premium memberships for song-skipping, on-demand downloads, commercial-free streams, and other benefits.