What is the $MESH token?
The live music industry thrives on fan engagement, yet fans often have limited ways to interact with artists beyond attending concerts.
ConcertMesh is a blockchain-based rewards system that incentivises fan participation, enhances artist-fan relationships, and provides music labels with actionable insights. By using cryptocurrency and blockchain technology, ConcertMesh ensures transparency, security, and scalability. $MESH is the native crypto token of the ConcertMesh protocol that is issued to music fans, artists, developers and contributors. You can think of it as a global music rewards, but with additional superpowers.
Blockchain Architecture
ConcertMesh is built on a hybrid blockchain architecture, combining the security of a public blockchain with the scalability of a private ledger.
Public Blockchain Integration
Polygon-based Smart Contracts: ConcertMesh uses Polygon-based smart contracts to handle cryptocurrency transactions, reward distribution, and fan verification.
Token Standard: The platform uses the ERC-20 standard for its native cryptocurrency, CMESH Tokens.
Geomining: Fans can geomine $MESH Tokens by attending concerts and festivals. Geomining is enabled through GPS verification and blockchain-based proof-of-attendance protocols (POAP).
Private Ledger for Data Management
Fan Data: Sensitive fan data (e.g., personal information, preferences) is stored on a private ledger to ensure privacy and compliance with data protection regulations.
Analytics: Music labels and artists can access anonymized fan engagement data through the private ledger, providing insights into fan behavior.
Interoperability
ConcertMesh is designed to integrate with existing music platforms (e.g., Spotify, Ticketmaster) and blockchain networks for seamless user experiences.
Token Utility
Rewards: Fans earn $MESH Tokens for attending concerts, geomining, and completing challenges.
Redemptions: Tokens can be redeemed for exclusive merchandise, concert tickets, early music releases, and VIP experiences.
Staking: Fans and artists can stake $MESH Tokens to unlock premium features, such as enhanced rewards or exclusive content.
Governance: $MESH Token holders can participate in platform governance, voting on new features, partnerships, and reward structures.
Token Circulation
$MESH Tokens are minted and distributed based on fan engagement and platform growth.
A deflationary mechanism is implemented, where a small percentage of tokens are burned with each transaction to maintain scarcity and value.
Geomining and Proof-of-Attendance Protocol (POAP)
ConcertMesh introduces geomining, a novel concept that allows fans to earn cryptocurrency by attending live events.
How Geomining Works
GPS Verification: Fans enable GPS tracking on the ConcertMesh app when attending a concert or festival.
Proof-of-Attendance Protocol (POAP): $MESH tokens on the blockchain verify the fan's presence at the event.
Token Distribution: Fans receive $MESH Tokens based on the duration of their attendance and their level of engagement (e.g., participating in challenges, sharing on social media).
Benefits of Geomining
Fan Incentives: Fans are rewarded for their physical presence at events, enhancing the live music experience.
Artist Insights: Artists and labels gain verified data on fan attendance and engagement.
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