Melos Studio Price

Melos Studio (MELOS) is a music-focused Web3 platform that combines NFTs and blockchain technology to empower musicians and fans. You can use the platform to create, share, and trade music NFTs. It allows artists to mint their music as NFTs, while fans can co-create with their favorite musicians through virtual bands. MELOS emphasizes collaborative music creation, using AI tools like the Metis AI Workshop to lower barriers for producing and remixing tracks.

The platform introduces features such as “MusicBlocks,” where every music NFT holds unique metadata, allowing creators to retain ownership and earn royalties when the NFT is resold. Melos Studio also integrates staking, auctions, and a DAO governance model, providing a decentralized ecosystem for musicians and fans alike. 

If you're interested in diving into music NFTs or want to explore how blockchain can transform the music industry, Melos Studio offers a unique gateway.

Melos Studio works by blending blockchain, NFTs, and music creation tools. You can create and trade music NFTs called MusicBlocks, which contain unique compositions. Using the "Jam-Forge" feature, you can collaborate with others by combining NFTs to produce new music. Each participant gets a share of the ownership based on their contribution.

The platform also offers a solo mode, letting you modify existing NFTs to create new pieces. An AI tool called Metis AI helps categorize and forge music files efficiently. Additionally, the "DNA Tree" system tracks each NFT’s origin, ensuring everyone involved in a music piece benefits from future sales.

Melos Studio supports emerging artists, virtual bands, and music auctions. The platform aims to empower musicians by providing easy access to blockchain-based tools, making it easier to produce and market music NFTs within a decentralized ecosystem.

Melos Studio was co-founded by Yalu Lin and Jim Lee, launching officially in November 2021. It operates as a decentralized music platform on Web3, combining NFTs and blockchain to empower creators and fans. 

Its roadmap includes features like MusicBlock NFTs, AI-driven music workshops, and a virtual band experience. With support from Binance Labs, Dapper Labs, and other investors, Melos aims to reshape music creation through blockchain-based collaboration and digital ownership tools.

The MELOS token serves multiple purposes within the Melos Studio ecosystem. You can use it to tip artists, access exclusive content, and unlock advanced features like new tools in the Metis AI Music Workshop or the Virtual Band platform. It also powers governance through the platform’s DAO, enabling you to vote on proposals that shape the platform's future.

Additionally, the token plays a role in staking and mining with NFTs, offering rewards for participation. Melos Studio leverages the MELOS token to facilitate the creation and trading of music NFTs, supporting a decentralized environment where both fans and creators benefit financially from their contributions. 

You can also trade Melos Studio coin against other listed cryptocurrencies on the KuCoin Spot Market, after you DYOR. Based on your investment goals and risk tolerance, you could buy, sell, or HODL $MELOS in your portfolio.

The MELOS token has a total supply of 1 billion tokens, distributed across multiple areas to support the Melos Studio ecosystem. Here's the breakdown:

> Team: 17%

> Advisors: 5.5%

> Strategic Round: 6%

> Private Sale 1: 7%

> Private Sale 2: 1%

> Initial Exchange Offering (IEO): 1.5%

> Evergreen Fund: 2%

> Ecosystem Development: 30%

> Mining and Rewards: 30%

The MELOS tokenomics also include a 3% fee for all buy and sell orders. Half of these fees go toward liquidity pools, while the other half supports token buybacks and burns. This structure ensures sustainable liquidity and long-term ecosystem development through continuous incentives for participants and contributors within the Melos Studio platform.