INTERNET CITY, DUBAI, Dec 5, 2022 – LBank Exchange, a global digital asset trading platform, has listed Klay Music Token (KMT) on December 5, 2022. For all users of LBank Exchange, the KMT/USDT trading pair is now officially available for trading.
As a fully decentralized music streaming protocol built with public blockchain infrastructure and other decentralized technologies, Klaymusic allows artists to distribute to and get paid directly from their fans. Its native token Klay Music Token (KMT) has been listed on LBank Exchange at 5:00 UTC on December 5, 2022, to further expand its global reach and help it achieve its vision.
Revolutionizing the creation and distribution for musicians, Klaymusic is a Web 3 streaming platform that enables each individual artist to be compensated from their own fans and listeners by minimizing middlemen and intermediaries. The blockchain ensures each musician receives the most competitive industry compensation, instantly and automatically, for each stream of music.
There’re various features that make the Klaymusic as unique as it is. For instance, Klaymusic is developing an algorithm that enables artists to get paid with Klaymusic tokens instantly and automatically if their songs are played on the Klaymusic platform. And it offers crystal clear streaming at 320 kbps which is the highest sound quality from any free music platform.
This more “intimate” connection is also possible in the other direction, allowing musicians to reward fans with free concert tickets, and exclusive or early access to recordings, directly or via tokens. Among its features, it includes fan-to-artist crowdfunding and a fan reward system that offers exclusive artist content, promotional incentives, and cheaper prices relative to other streaming platforms.
In addition, Klaymusic is also building itself as a Decentralized Autonomous Organization (DAO). DAOs offer flatter organizational structures, which are a powerful social force for music communities to mobilize against the backdrop of Web2 music-industry concerns around financial transparency, equality and data collection practices.
Aiming to build the future of music streaming with the utilization of blockchain technology, Klaymusic provides unlimited uploads, metrics, dashboards, and more. All of these are free forever, with no strings attached for all users.
About KMT Token
Klay Music Token (KMT) is the native token of Klaymusic ecosystem. Based on ERC-20, KMT has a total supply of 1 billion (i.e. 1,000,000,000) tokens. It has been listed on LBank Exchange at 5:00 UTC on December 5, 2022, investors who are interested in the Klaymusic investment can easily buy and sell KMT token on LBank Exchange right now. The listing of KMT token on LBank Exchange will undoubtedly help it further expand its business and draw more attention in the market.
Learn More about KMT Token:
Official Website: http://klaymusic.io/
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