Midi.Finance — a crypto hot project, created by the team of Belgian programmer Jean-Michel Devez and released at the SXSW 2018 hackathon.
Description of the Midi.Finance
This platform offers composers, performers, remixers, sound engineers and music lovers a new way to create, sell, buy, stream midi music with a multi-level rewards system and plan the placement of music from around the world, offered for remixes.
Other features:
| 1 | The MDST token was created to solve the problem of rewarding both original artists and remixers in a consistent way that all record labels can use. |
| 2 | The solution was abstracted away so that it could be used for more than just distributing midi music. |
The developers have created exactly the NFT service, needed for the secure operation of the Midistream platform, and made it available to everyone, including other content providers such as gfx, online games, videos, etc., with secure access to unlockable content or the web-access.
When an NFT remix is sold, 25% of the amount is automatically locked onto the specific song account until we can pay the creator back. The NFT contains the cover art, title, artist name, content URL and access can be secured with a wallet extension and an easy-to-use SDK. Before you can buy MDST tokens, you must have a WAVES wallet and WAVES coins in your wallet.
Additional information about defi app
At the moment, there are no White Paper and RoadMap on the site. Instead, developers provide a description on the main page.
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The smart contract doesn’t have an audit.