hearo.fm to build JAM music token on Hedera Hashgraph Public Distributed Ledger
The JAM token will enable global micropayments for artists and fans from streaming and curating music
21 Aug, 2018, 11:46 ET
PHILADELPHIA, Aug. 21, 2018 /PRNewswire/ -- Today, hearo.fm (https://token.hearo.fm) announced that they have selected the Hedera Hashgraph public distributed ledger platform upon which to build their global music streaming platform token called JAM. Hearo.fm Inc. is launching a fully tokenized music economy called tune.fm that enables artists to get paid for every stream of their music and fans to earn tokens by curating trending music on the platform.
The Hedera Hashgraph platform will offer a public, distributed ledger that enables anyone to easily develop secure, fair, lightning fast, globally distributed applications. Hearo.fm is choosing to build on Hedera Hashgraph because its technology makes it possible to deploy music streaming micropayments on a global scale. Due to Hedera Hashgraph's incredible speed and low fees, hearo.fm will be able to run a robust consumer application utility token that efficiently processes micropayments for millions of users streaming and curating music.
"Hedera Hashgraph is the only platform that will truly fit our technological need to enable lightning fast micropayments for music streaming around the world," said Andrew Antar, Founder at hearo.fm Inc., "When the music gets played, the artist gets paid."
"Enabling artists to benefit from their work directly is a perfect use case for the Hedera Hashgraph public distributed ledger," said Jordan Fried, Global VP of Business Development at Hedera, "We are pleased that the team at hearo.fm, which is building an innovative platform to help artists connect directly with fans, has selected to build on top of the Hedera Hashgraph platform."
For more information on the hearo.fm JAM token, whitepaper, and public presale:
The Hedera whitepaper can be found at: https://hederahashgraph.com/whitepaper.
hearo.fm is a global music marketplace for independent artists that enables music streaming micropayments with the JAM token cryptocurrency that will be powered by Hedera Hashgraph.
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