MIM

MIM

MIMSWARM
$0.00172919%-0.51

Key Metrics

Price$0.00172919
Real Volume (24H)$324,927
Marketcap$3,546,611
Fully Diluted Valuation$8,637,206
ATH$0.01129578
ATH DateN/A
ATL$0.00059931
ATL DateN/A
Circulating Supply2.1B
Total Supply5B
WebsiteN/A
WhitepaperN/A
Popularity Rank1707
Chart
What is MIM?

MIM, short for Music Is Metaverse, is a community of music producers, recording artists, visual artists, video makers, and designers. The community is dedicated to creating content bound for the metaverse. The creative process of making music becomes collaborative and shared by the community. The MIM community releases virtual artists, sample packs, producer tools, merchandise, and NFTs. In this article, we explore the MIM token, virtual artists, sample packs, NFTs, and the founders behind the project.

The MIM token is the primary reward mechanism within the MIM community. Participants can receive rewards based on different forms of contributions related to virtual artists, sample packs, and memes. The token can also be used to buy products and gain access to exclusive content created by the swarm. The MIM token is an SPL token issued on the Solana blockchain. The project resides on Solana due to its fast transaction speed, scalability, low cost per transaction, and low environmental impact.

MIM aims to build the future of music through virtual artists. Virtual characters in the metaverse allow for community-driven collaboration and democratic forms of artistic expression beyond human limitations. A swarm of creators made up of producers, designers, visual artists, singers, and songwriters come together to build virtual pop stars and influencers for different countries and genres. These specialized teams are offered rewards in MIM for their work.

MIM has an ongoing series of sample packs for music producers to create their own music. MIM aims to inspire music producers on their musical journey and help them to improve their skills. Each sample pack contains new material from different artists and producers from the MIM community.

MIM re-imagines merchandise in music, releasing NFTs from its virtual characters and the community. NFTs allow each member to get access to exclusive content, become part of the creative process of a virtual artist, and access other benefits related to MIM.

At the time of writing, the current circulating supply of MIM is 2.1 billion tokens. The token was released via a "Fair Launch" approach in July 2021, with a maximum supply of 5 billion MIM tokens. Minting has been disabled for MIM, and there is no possibility to mint more than 5 billion tokens. 47.2% of the tokens are issued at launch, with the remaining tokens being locked up in a token vesting program for scheduled release. The MIM token is distributed as follows:

  • 50% Contributor tokens distributed over several years and locked in an SPL program
  • 40% Fair Launch Liquidity on Serum Dex, issued immediately
  • 10% Operations - issued immediately to the team for use in 2021 and 2022.

Spread across the world, the founders of MIM come from diverse backgrounds ranging from cryptography to brand strategy and design, to music production and performance. A shared life-long interest and experience in music connects the team.

In conclusion, MIM is a community of creators dedicated to building the future of music through virtual artists, sample packs, NFTs, and the MIM token. The community is constantly evolving, and its innovative approach to music and the metaverse is shaping the future of the music industry.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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