Audiolox is the world’s first fully decentralized Web3 secure music application, based on Loxsync Technologies’ revolutionary artificial intelligence structure. The neuromorphic AI brain uses nano optic technology to communicate with its neural network and particle data environment, thereby eliminating all forms of data.
The neuromorphic AI brain includes features such as international banking, data tracking, and on-demand security with a real-time customer management system. In contrast to today’s traditional data storage, which has many limitations and high maintenance costs that run into billions of dollars quarterly. Due to its unlimited resources, Audiolox’s AI-to-AI optic nanoparticle data uses a fraction of the amount through the neuropathic gateways at light speed.
This new technology ushers in a new era for the music industry, broadening the range of possibilities. Ushers’ data was never safe because popular Web2 apps prioritized convenience over security. We witnessed artists struggle with contracts from a plethora of labels and streaming behemoths. As a result, the concept combined the advantages of online streaming with the highest levels of security and transparency. However, as the team worked on more complex tasks, it became clear that even blockchain technology could not meet our stringent requirements because it stores data on the same servers as traditional platforms. We were only able to achieve our goal by combining blockchain and artificial intelligence.
How Audiolox Resolves Industry Challenges
There are billions of dollars in the music industry. Traditional music streaming services, on the other hand, have become out-of-date and inefficient over time. To safeguard their artists’ music files, these platforms rely on a third-party database. Unfortunately, there have been numerous instances of hackers breaking into these centralized databases, causing significant financial losses to the music industry.
That’s why we decided to build the first platform where all music industry members (writers, singers, producers, and users) can safely and quickly share music with a large audience. We want to completely rebuild the music infrastructure in order to balance supply and rewards for fans, artists, and the platforms that serve them. As a result, for individual active participation, collective rate contribution, and chart creation, each Audiolox Secure Music Platform participant will receive in-app rewards.
To ensure the smooth implementation of our vision, we will build new infrastructure – the music industry changes in response to Audiolox. Music fans are not required to change their listening habits in order to support current providers and sellers. Streaming and download-to-own music allow artists and rights holders to reach the largest fan bases possible.
ALOX is the native token of Audiolox that powers its ecosystem. ALOX serves two purposes. First, raising funds for the final segment of the Audiolox Secure Music Platform’s realization; second, in-app purchases such as user subscriptions, online marketing, token gifting, and so on.
One billion ALOX tokens are in circulation. 7.5% of the total token has been set aside for seeding; 14% for private and 0.9% for the public; 16% for the marketing maker while marketing takes 21%; protocol incentives take 9.1%; 18% for rewards; 10% for the team; and 3% for advisors and strategic.
The Benefits of the ALOX Token for Investors
ALOX token holders are members of Audiolox’s DAO (Decentralized Autonomous Organization) and can shape the platform’s development by creating a benchmark of the most popular songs and performers.
Individual subscriptions and online merchandise can be purchased with ALOX tokens.
Staking: ALOX token holders can stake their tokens in various staking pools. There will be numerous such opportunities. The rewards will differ, and payments may be made using an ALOX token. We plan to launch at least two staking pools shortly after IDO. Furthermore, we reserve the right to offer additional staking opportunities to the community prior to further development steps. The terms of the various pools will be the same as those of the initial pools.
Future plans: Another critical aspect of Audiolox decision-making will eventually be moved to the DAO, making it a community-driven project. However, we recognize that it is a lengthy process. Nonetheless, we will do our best to incorporate as many DAO mechanisms as possible into the project as soon as possible, providing even more benefits to ALOX holders and further decentralizing the project.
Changing the Course of the Music Industry
Furthermore, this system, which is powered by blockchain and Loxsync’s nano optic network, will keep the music industry alive. The more AI-controlled content that is introduced into the music industry, the more equitable it will become for the industry’s leading actors, artists, and bands. They will be able to shed the burdens that have hampered their success for decades, forge stronger bonds with their caring communities, ensure the safety of their artwork, and reach a brand-new, tech-savvy audience.
The message is clear: much work remains to be done, but we are on the right track. You can learn more about our missions and the steps we will take for the future of the new AI-controlled Secure Music Platform on our website.