Gala Music (MUSIC) Debuts on LBank Exchange

In a major move for crypto and mobile tech enthusiasts, LBank Exchange, a leading global digital asset trading platform, has listed Gala Music (MUSIC) on January 25, 2024. Users can now trade the MUSIC/USDT pair on the platform.

Blockchain Revolution in Music: Gala Music Unveiled

LBank Exchange introduces Gala Music (MUSIC), a blockchain-based decentralized platform on GalaChain. It redefines the music experience, providing artists control, transparency, and engaging rewards for fans via perks, incentives, and the MUSIC token. This token holds value for purchasing exclusive access and merchandise.

Empowering Artists and Engaging Fans

Gala Music aims to transform the music industry by leveraging blockchain. It offers artists control over their work and enhances fan engagement. The platform tackles issues like restrictive contracts by encouraging direct engagement and fair revenue distribution.

Tailored Experience for All

Gala Music caters to a diverse audience, from artists to listeners. Artists gain creative freedom and direct fan access, while listeners enjoy immersive experiences, exclusive content, and interactive features. Concepts like track rarity and tier systems add collectibility and value.

Efficient Operations with GalaChain

Gala Music uses GalaChain for near-real-time settlements and low gas fees. With a focus on community governance and artist empowerment, it pioneers a new era in the music industry. The platform evolves by refining features, enhancing self-service for artists, and expanding partnerships while staying true to decentralization and user empowerment.

MUSIC Token: Driving Engagement

The MUSIC token is central to Gala Music's ecosystem, serving as a versatile utility token. It facilitates transactions, incentivizes stakeholders, and maintains a dynamic bonding curve for supply and demand balance. With an estimated 100M circulating supply, it operates on GalaChain and bridges to ETH as an ERC20 token. Future plans include supporting GalaChain on various CEXs.

Token Distribution

MUSIC token distribution allocates 50% to the ecosystem operator, 35% to Gala MUSIC Jukebox operators, and the remaining 15% to various stakeholders, including track owners, supportive ecosystem actors, artists, and founders' node operators. The token debuts on LBank Exchange at 12:00 UTC on January 25, 2024, offering users seamless trading opportunities.