AMA Recap crypto library with Ocean Floor Music

                                      

On 13th February 2022, Ocean Floor Music conducted an AMA in the Crypto Library Community. Our guest is Sam and Clint. Lots of questions as usual from the Community about Ocean Floor Music progress. The Ocean Floor Music team took part in a very interesting AMA session which included introductions, questions from twitter, and a live AMA session with the Crypto Library community. If you missed the AMA in person, read this recap for a deeper insight into Ocean Floor Music.

Let’s take a look at the most interesting points of our conversation. 

INTRODUCTION
Crypto Library Team : So, before we start the AMA could you please introduce yourself to our community?

Sam (OceanFloorMusic) : I am the cofounder of Ocean Floor Music, have spent 16 years teaching at universoty i music technology, producing music with many artists. I have played in a number of bands and have won multiple awards for my music for film. I have been working with Clint on Ocean Floor Music for the last 1 year.

Clint (OceanFloorMusic) : I am Clint one of the Cofounders at Ocean Floor Music. I played in and managed bands for 7 years including writing my own original album. I have spent 16 years in the corporate sector working in senior executive roles for multi national companies across Australia and Asia, however there was something missing from journey and that was my connection to music. I decided to come back to the industry I love most and give back.

Mo (OceanFloorMusic) : Mo Hamdouna here, big believer and marketing advisor for @oceanfloormusic / oceanfloor.io. Have a great background and experience in running blockchain and NFT campaigns via https://moworks.com.au — and I am super proud to be part of this project now due its great mission and the support it is having the from music space.
FIRST SEGMENT (HOST)
Crypto Library Team : On which exchange are we planning to launch?

Sam (OceanFloorMusic) : We will be doing our public launch on Copper Launch pad, from here you will find our token initially on Sushi, then we will be available on Binance, 1inch, Okex, Coinspot and others over time.

Crypto Library Team : Can you tell us more about any strategic partnership you have? How will this affect IP law?

Sam (OceanFloorMusic) : We made a choice early on that we would not own any right to anything that was created on the Ocean Floor Musc ecosystem. All rights will remain witht eh creators. The IP belonging to the our Smart Project Fund and our Create to Earn, proof of creaiton model is obviosuly kept with us, but because we are a DAO and much of our software in open source and publically availablle, much of it will be availabe to view by the public. Its important for you to know that all of the agencies we work with are partners in OFM and many have skin in the game. To find out more info on our partners and contributors please visit our website oceanfloor.io

Clint (OceanFloorMusic) : We have partnered with 3 marketing agencies: MITP (Music), Mo Works (Crypto), Mad Scientists (SEO). 1 production agency Pilerats. 2 development agencies: Vegavid for our solidity development. Hatchd/Addpator for our UX/UI design. And our core advisor is Danny Wilson the CFO from Illuvium.io who peaked at 18B FDV in their first year of operations. Danny's insight into Tokenomics, blockchain, Defi and DAO's is at the top of the game. Also we should mention that our legal team is lead by Mills Oakley and specifically Joni Pirovich who is advising the Australian Government on the next stages of regulation in this space.

Mo (OceanFloorMusic) : For all who are interested in leanring about the public sale » join our @oceanfloormusic to stay up to date or subscribe to the website oceanfloor.io. Need to mention that @oceanfloormusic is an Australian based project (And registered). Being an Australian registered business, OCENA FLOOR MUSIC has lots of more local partners in the music and blockchain space.

Crypto Library Team :  What can I do on OFM as a non-musician?

Sam (OceanFloorMusic) : You can buy and trade $OFM on exchanges and even stake in our liquidity mining program. An exciting innitiative that will be launching is our Wellness program, where our communtiy is incentivised to join our program, earn rewards while being healthy.

Clint (OceanFloorMusic) : You can trade soley in $OFM and grow with your contribution. Start a fan club fund for your favourite or emerging artists. Join VIP experiences in our Metaverse. Vote on the future direction of the business, social and environmental projects. Join a global community collaborating and healing through music. Our ecoysystem has NFT marketplace - so I you will be able buy and sell music NFTS here too.

Crypto Library Team : Are there rewards programs?

Sam (OceanFloorMusic) : Yes, the Ocean Floor Music ecosystem rewards particpation in the wellness program, the Innovaiton program, the Smart Project Fund and of course the staking program. The details of these are being released regualrly, to find out more check out oceanfloor.io.

Crypto Library Team : How do OFM tokens generate income for me?

Clint (OceanFloorMusic) : There are multiple ways. Token growth based on supply and demand. 1st mover advantage -crowdfunding + blockchain. Reward staking pools/liquidity mining. Fee distribution. 100% of fees are redistributed back to the community based on token holdings - passive income.

Crypto Library Team : Is it easy to join and use OFM?

Sam (OceanFloorMusic) : It's a simple sign up process, with an auto created wallet that can be linked to a personal wallet when you are ready. With step by step processes throughout, tutorials and our Octopad genie for FAQ's. It's a friendly and simple process and we have worked hard to make it a fun and beautiful experience.

Crypto Library Team :  How is OFM different from other NFT platforms?

Sam (OceanFloorMusic) : Great quesiton. Ocean Floor Music is the first "Create to Earn'' project funding and rewards platform for music on the blockchain. Ocean Floor music's mission is to help artists earn a living solely from their music while tackling a growing mental health crisis due to financial instability. Ocean Floor Music is a funding platform and music Marketplace offering services and products for the creation and performance of music. It is an NFT Marketplace for minting and selling NFTs, distributing rewards, services and products. It is community-owned-and-run, with 100% of revenue distributed back to the community. So as you can see we are much more than an NFT platform.

Crypto Library Team : How do I sell my songs on OFM as a singer-songwriter?

Sam (OceanFloorMusic) : Once an artists Smart Project fund has matured and a song is produced, it can be released in our NFT Market Place or be streaned with one of our streaming partners that we will be announcing soon. Please stay tuned for announcements on our website and socials.
Clint (OceanFloorMusic) : Dont forget to also register for our airdrop that is now live: we are giving away 50000 Pre$OFM tokens: https://airdrop.oceanfloor.io/.

Crypto Library Team : How does the Smart Project Fund work on OFM?

Sam (OceanFloorMusic) : Enabling artists, fans and the music industry to initiate a Smart Project Fund to create music, pay for services and products in our marketplace and earn a wage while creating. Starting and managing a fund is easy, choose the amount or time for staking to maturity, choose the bespoke rewards. Choose our industry partners to help you create the project and choose what you will earn to create. Whether you're an artist, industry partner or a fan club, we make it easy, safe and fun to build health and wealth in our sharing economy.
SECOND SEGMENT (TWITTER)
Crypto Library Team : On your website it says Ocean Floor will buy land in the metaverse so the project can launch its first club where artists can play live in 2022. What Metaverse projects and land do you plan to integrate with your project events and concerts?

Clint (OceanFloorMusic) : Ocean Floor is in the process of building it's own metaverse which will be one of the coolest clubs to be at. With global artists across multiple genres, there willl be exlcusive VIP experiences.

Crypto Library Team : When it comes to applying as an artist on Ocean Floor, what are the requirements to be accepted and collaborate on your project as a music artist? Do you have a thorough screening and audition for those who want to be a part of the band Ocean Floor?

Sam (OceanFloorMusic) : Having funds at the top of the creation process is a shift in the way music has been created. We are going through a robust secruity and smart contract audit process and looking at requirements for different regions globally also.

Clint (OceanFloorMusic) : There is no need to apply to use our platform. Any artist, fan or music industry business can start a project fund and also have the choice to reject the fund if they choose. What a great problem to have for artists
THIRD SEGMENT (LIVE QUESTIONS) 
Crypto Library Team : Do you have a whitepaper,  if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable?

Clint (OceanFloorMusic) : #NCBI Do you have a whitepaper,  if yes please share it with us and secondly are you working to AUDIT your project, to make its security more secure and reliable? We currently have a finalised litepaper located on our website - this includes our core strategy and tokenomics. You can find this here: https://www.oceanfloor.io/files/OFM_Litepaper_16_01_22.pdf Also security is very important to us at OFM too. We are auditing our SMART contracts through Certik. Just noted some we have selected NCBI at the same time. We will open up another question so that 5 different particpants have ths chance. Thanks for your understanding. 

Crypto Library Team : What plans are you taking to help tackle the growing mental health crisis in the music industry? How do you intend to bring artists and musicians to the top of the value chain?

Sam (OceanFloorMusic) : We are implimenting a wellness program that incentiveses our community with rewards to participate, helping our community to become healthy welathy and happy. By providing funds at the beginning of the creation process we are allowing artists to create music from a place of wellbeing. Please check our website for more info oceanfloor.io.

Crypto Library Team : Do the token holders have the right to participate in the governance of the project? What kind of decisions can they vote on about the project?

Crypto Library Team : Is This Your project only for elite investors, how about others with small funds, is it open to everyone?

Sam (OceanFloorMusic) : We have had investment from some of the largest VC on the planet and some of the smartest people in in blockchain have laos invested. We will be having an exclusive community sale over the coming month and this is for smaller investors and community members.

Crypto Library Team : Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?have a YouTube channel or something? can you share it with us?

Clint (OceanFloorMusic) : Do you have tutorial videos so we can get to know your project more clearly or do you have a YouTube channel or something? can you share it with us?have a YouTube channel or something? can you share it with us?. We will be uploading a new page this week, with some explainer videos and infogrpahics to simplify the process: Please check out our website midweek for the update: oceanfloor.io
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