BEQUANT, the digital assets prime brokerage and exchange, is proud to announce the listing of its first music token, the JAM token from Tune.FM, on the BEQUANT Exchange.
The Tune.FM JAM Token is a Hedera Hashgraph-powered music token that enables a global decentralized music streaming marketplace platform for artists and fans. Each JAM token is paid almost instantly with minimal fees. This means the artist keeps around 90% of revenue made through each stream. This system of micropayments is creating a fully tokenized music economy, connecting artists and fans in ways not seen in the industry before.
The listing of the JAM token is the first music-focused token on the BEQUANT Exchange. Through the BEQUANT Pro prime brokerage platform, the token will also be available to be traded by institutional clients as well as retail investors.
Tune.FM embarked on the mission to create a global independent music marketplace for artists to collaborate, share their music, and connect directly to their fans. Tune.FM is a thriving music marketplace where users can discover great independent music from all around the world.
George Zarya, CEO and Founder of BEQUANT, commented: “We are thrilled to announce the listing of our first music-focused token on the BEQUANT Exchange and be able to support Andrew’s vision and cause.”
“The music industry has shifted from buying to streaming in the last 10 years and now, Tune.FM’s Web 3.0 offering democratizes this principle and puts the money back into the hands of the independent artists. It’s a fantastic opportunity and we welcome Andrew and the team into the BEQUANT ecosystem.”
Andrew Antar, Co-Founder of Tune.FM, said: “Post-COVID saw independent musicians suffer and with the likes of Spotify not paying them fairly, many were struggling to get by. We are the antidote for the millions of creatives that are not being paid fairly by the big streaming services.”
“We are really happy to be partnering with BEQUANT and…
