What is HMKR

Hitmakr, $HMKR: Revolutionising the Music Industry with Web3 Technology

Introduction

In an era characterised by rapid technological advancements, creative industries are constantly evolving to meet the demands of a digital age. One such transformative development within the music industry is Hitmakr, a web3 audio platform poised to redefine how artists interact with their audience, manage their work, and earn a fair livelihood. By harnessing the power of blockchain technology, Hitmakr aims to put control back into the hands of musicians and content creators, prioritising their rights, advocating transparency, and ensuring equitable compensation for their art.

What is Hitmakr, $HMKR?

At its core, Hitmakr is more than just another music distribution platform; it is a comprehensive web3 audio marketplace built to facilitate a genuine connection between artists and their fans. By bypassing traditional streaming models that historically favour record labels over individual creators, Hitmakr offers a multitude of features designed to enhance the creator experience and democratise access to music-related services.

Key features of Hitmakr include:

• Web3 Audio Marketplace: A dedicated space for artists to sell songs, samples, sound effects (SFX), and licensing options directly to users.
• AI Generation Tools: Innovative capabilities to generate accompanying videos and visualisers, providing artists with resources to promote their work effectively.
• Hitmakr Audio Player: A player for the seamless streaming of owned files and specially curated playlists that allow creators to showcase their work in a personal and engaging manner.
• Networking Opportunities: A platform where holders of $HMKR tokens can connect and collaborate with fellow music professionals, potentially opening doors to new career pathways.
• Royalty Collection Mechanisms: An automated system that ensures artists can collect royalties from recorded performances, public appearances, limited licensing agreements, and more without unnecessary delays.

By offering these innovative functionalities, Hitmakr stands to disrupt the status quo and create an ecosystem that values artistry and authorial control.

Who is the Creator of Hitmakr, $HMKR?

The brainchild behind Hitmakr is Rex, an individual with extensive experience in both the music and blockchain sectors. Rex recognised the pressing challenges facing artists in the digital landscape—from exploitative practices by traditional label structures to inefficient compensation frameworks—and set out to create a solution that prioritises fairness and transparency. By leveraging blockchain technology, he aims to create a platform where artists not only thrive economically but also retain ownership of their intellectual property.

Who are the Investors of Hitmakr, $HMKR?

While explicit details about the investors in Hitmakr remain undisclosed, it is known that the project has successfully navigated a strategic round of investment aimed at developing its Minimum Viable Product (MVP). This phase of funding illustrates strong interest and belief in the project from investment foundations and organisations that see the potential impact of transforming the music industry landscape through web3 technologies.

How Does Hitmakr, $HMKR Work?

Hitmakr operates on the Ethereum blockchain, utilising the scalable infrastructure of SKALE to ensure its platform remains robust and efficient. Unlike typical side chains, Hitmakr is integrated directly with Ethereum, allowing for enhanced security and reliability.

The project has a total supply of 300 million $HMKR tokens, which serve as the native currency of the Hitmakr ecosystem. To ensure the ongoing viability of the platform, a 4% transaction tax is levied on all transactions. These fees are strategically allocated to various measures, including:

• Systematic buybacks to support token value.
• Token burns to diminish supply and enhance scarcity.
• Infrastructure maintenance and development efforts to facilitate continuous improvement.

This innovative structure not only incentivises users to participate in the ecosystem but also contributes to the long-term sustainability and growth of the Hitmakr project.

Timeline of Hitmakr, $HMKR

The journey of Hitmakr can be summarised through a defined series of phases, each representing a significant step toward realisation and growth.

Phase 1: Reaching MVP

• Completion of Strategic Round of Investment: Securing funding to pave the way for development.
• Development of MVP: Laying the groundwork for the Hitmakr platform.
• Establishment of Hitmakr Media Company: Formalising operations and branding.
• Securing Creative Partnerships: Onboarding artists and establishing alliances.

Phase 2: Growth

• Release of $HMKR Token: Introducing the native currency to the market.
• Listings on Decentralised Exchanges (Dex): Providing broader access and liquidity for $HMKR tokens.
• Finalisation of Hitmakr Marketplace Development: Completing essential features of the platform.
• Introduction of Hitmakr Node System: Enhancing the platform's ability to validate transactions and maintain network integrity.
• Collection of Audio Files & SFX: Building an extensive library for users and artists.

Phase 3: Scale

• Intensified Social Media Marketing: Expanding the project’s reach and user engagement.
• Formation of Additional Partnerships with Producers: Enhancing the platform with diverse contributions.
• Hosting Hitmakr Events: Engaging the community through live experiences and workshops.
• Enablement of Paid Streaming on Hitmakr: Offering artists new avenues for monetisation.
• Listings on Centralised Exchanges (CEX): Increasing accessibility and visibility of the token.
• Finalisation and Release of Hitmakr Marketplace: Solidifying the project’s key offerings for users.

Additional Information

Hitmakr has undertaken several important measures to ensure the integrity and reliability of its platform:

• Smart Contract Audit: The smart contract behind $HMKR has been audited by Solidity Finance, a trusted name in crypto security.
• Know Your Customer (KYC) Compliance: The project team has completed KYC verification with Assure DeFi, ensuring a transparent protocol for its founders.
• Liquidity Lock: The project has implemented a liquidity lock for an initial 500 days to promote stability, with around 256 days remaining as of the latest update.
• Anti-Whale Measures: To protect holders, Hitmakr has incorporated caps on transactions and ownership, such as a limit of 1% per wallet and a transfer limit of 0.5%, thus mitigating the risk of market manipulation.

Conclusion

Hitmakr is pioneering a vital change in the music industry by combining the power of web3 technology with a commitment to artists' rights and transparency. With a comprehensive roadmap, innovative features, and a robust infrastructure, Hitmakr is set to empower creators in ways that were previously limited by traditional systems. As the project unfolds, it has the potential to shape a new landscape for music where artists thrive on equitable terms, ensuring that their contributions are honoured and rewarded fairly. With Rex at the helm, the vision for Hitmakr continues to evolve, promising a brighter future for musicians and content creators alike.