MusicalBeats

Musical NFT , generated via algo and price by bonding curve on BSC.

[MusicalBeats @_musicalbeats]

@illeatyourbrain @EatCookCryptos We stopped within 18 hrs. As we didn't know about the copyright. We find it best to close before attracting many people, as we might need eventually to close.
This decision was taken to prevent any further loss of users.

[MusicalBeats @_musicalbeats]

Team has decided to stop development of https://t.co/QhodurD05P. Users can burn their token, there will be some loss of money. We will be distributing the developer fund, to compensate loss of money, still there can be 10-20% loss. The developer fund distributes this sunday.

[MusicalBeats @_musicalbeats]

@illeatyourbrain @EatCookCryptos Yeah, no problem. Happy to help with any info.

[MusicalBeats @_musicalbeats]

@MattCorva @aimee_maree @cz_binance We agree, that initially the content of website was same. But the website was created from scratch in react and react-bootstrap. Anyways, it doesn't matter. As we have closed it and distributed all the funds.
https://t.co/XCjBwZy7iv

[MusicalBeats @_musicalbeats]

@illeatyourbrain The total money invested in the project was $43k. Around $11k for the originals, and other $32k for the copies of the original.
All the $11k+$5k was been distributed to the users. Also the $27k was acclaimed by the users by burning the tokens.

[MusicalBeats @_musicalbeats]

@illeatyourbrain We didn't make any profit. Suffered some around $500 loss. But it isn't much so not a problem for us.
https://t.co/8ecfxqZVpg

[MusicalBeats @_musicalbeats]

@illeatyourbrain We didn't know about the copyright so we started the project. But since it can be problem for the original project. We decided to close it and distribute all the funds.
$11k is not the type of money to take the risk of doing rug pull. Also we weren't interested in just the money

[MusicalBeats @_musicalbeats]

@illeatyourbrain The total money invested in the project was $43k. Around $11k for the originals, and other $32k for the copies of the original.
All the $11k+$5k was been distributed to the users. Also the $27k was acclaimed by the users by burning the tokens.

[MusicalBeats @_musicalbeats]

After that they can burn using https://t.co/8ecfxqZVpg.
Thanks everyone for believing in the project for the short time it was live.

[MusicalBeats @_musicalbeats]

The funds have been distributed to all the users. Originals are refunded in full minus the royalties. Also copy owners have been compensated.
Also I see that 4 tokens are remaining to be burnt, I will keep the website running till sunday so that they can easily burn the token.

[MusicalBeats @_musicalbeats]

Only seven tokens are remaining to be burnt , plz burn them. Then we can start distributing the money collected as developer fund. If not done by sunday, only your losses will not be compensated.

[MusicalBeats @_musicalbeats]

@telyo23 Join here: https://t.co/73nEcA75sx, There is problem with website.

[MusicalBeats @_musicalbeats]

@MattCorva @MattCorva
https://t.co/fqAlad7Q8l

[MusicalBeats @_musicalbeats]

Team has decided to stop development of https://t.co/QhodurD05P. Users can burn their token, there will be some loss of money. We will be distributing the developer fund, to compensate loss of money, still there can be 10-20% loss. The developer fund distributes this sunday.

[MusicalBeats @_musicalbeats]

@MattCorva We are rethinking the narrative of the website. It is changed and will be further changed to prevent any similar. We have only used the smart contract logic. Rest everything is and will be different. I assure you that.

[MusicalBeats @_musicalbeats]

@MattCorva @MattCorva We have dropped support for audio element.
It is very uniquely generated. We are going to prepare it in house. Maybe using https://t.co/y7hHYJjfAg
Now all the components that we use are open source with MIT or public license.

[MusicalBeats @_musicalbeats]

@ApeNft @PancakeSwap This is new, the reserve adding to pool and giving the interest to the copy holders.

[MusicalBeats @_musicalbeats]

To all the people, using this platform.
I have an idea, 80% of the assets are there for backing the copies. 6% is distributed as fees to ancient folks.
But the remaining 14% - 7% locked and 7% for project. That can be locked in interesting bearing pools of @PancakeSwap.

[MusicalBeats @_musicalbeats]

@ApeNft @PancakeSwap Meaning?

[MusicalBeats @_musicalbeats]

And the interest can be distributed to the folk music copy holders. This will provide better use of 14% of the reserve.
Retweet and comment if you like the idea.