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MiraQle Launches FanPick to Enable Fans to Make Decisions for the Music Industry

Monday, 23 August 2021 02:05 PM

MiraQle

SEOUL, SOUTH KOREA / ACCESSWIRE / August 23, 2021 / Today MiraQle Project, a project focused on building an entertainment ecosystem using blockchain technology to make transparent and decentralized platforms, announced the launch of its fan voting platform FanPick. FanPick aims to enable users to vote on crucial decisions about the production of music albums.

MiraQle, Monday, August 23, 2021, Press release picture

So far, a selective group of central entities runs the entertainment ecosystem, especially the music industry. Fans have had little to no say in their activities. MiraQle is using blockchain technology to bring a change in this space and offer fans more authority.

MiraQle aims to shift the power dynamics and create a fan-centric ecosystem that brings all the players of the entertainment and music industry onto a level playing field. As a step forward in realizing this vision, MiraQle just announced the launch of its decentralized voting platform FanPick.

FanPick is a voting application that creates a level playing field where fans participate in the planning, production, and distribution of music albums. They get to pick the concept, music video (MV), featured artists, and other details of the album through a fair and transparent voting system.

The platform comes with a main page that features projects being produced by 7SIX9 Entertainment along with all the preselected MV concepts, artists, and albums. Fans can browse through all these projects before making their final voting decisions in the planning phase.

For the production phase, fans can vote on crucial production decisions including intricate details of the album like artists' outfits and accessories. To participate in the voting process, fans must purchase PICK points using the MQL - the utility token of the MiraQle Project.

FanPick also comes with a feature called WePick that lets users share their own concepts and ideas in the form of time-bound posts that can be extended using PICK points. Other users can engage with these ideas and the ones with the most engagement are featured in Hot Pick. The creators of these ideas get rewarded with MQL tokens. The platform also has a store offering fans to buy merchandise and gift coupons from their favorite artists by making a transaction through an integrated wallet.

Users who stake MQL tokens and engage the most on FanPick are rewarded with engagement level badges. Earning these badges prioritizes them for Special Artist merchandise or exclusive NFTs. They can also reap staking rewards proportional to their badge level and token quantity.

The platform has just completed its closed beta testing and MiraQle expects to release it to the public in the last week of August. FanPick, however, is a small part of the wider MiraQle ecosystem that consists of platforms like FanBox, MusicQ, and EnterPlus responsible for handling the production, distribution, and consumption of content.

The launch of FanPick marks the inception of a fan-centric ecosystem where fans can choose their stars and stars can benefit directly from fans, creating unprecedented transparency in the process. This platform could ultimately propel MiraQle towards its long-term goal of decentralizing the entire entertainment ecosystem.

About MiraQle

MiraQle is a trustworthy and transparent fan-centric platform converging global networks together as a whole.
Website: https://msqplus.io/
Twitter: https://twitter.com/MIRAQLE_MQL
Medium: https://miraqle.medium.com/

More information or press inquiries

[email protected]

MiraQle, Monday, August 23, 2021, Press release picture
MiraQle, Monday, August 23, 2021, Press release picture
MiraQle, Monday, August 23, 2021, Press release picture
MiraQle, Monday, August 23, 2021, Press release picture

SOURCE: MiraQle

Topic:
Product Announcements
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