Proposal Description
As an Aada finance community member, I would like to add the NEWM token to Aada V1 as an asset for lending/borrowing.
- Approve
- Disapprove
0 voters
projectNEWM Summary
The blockchain industry is already disrupting the traditional, financial operating systems that are generally controlled by the rich. As a corollary, projectNEWM, using blockchain technology, aims to disrupt the music industry by removing the overwhelming power of monopolizing third parties.
(Enter NEWM.io)
The projectNEWM team has a vision to create a community-owned platform that directly connects artists with their supporters; removing the middlemen and replacing them with code that’s not incentivized to make a profit. To achieve this goal, they are developing a multi-level platform powered by several decentralized services for artists to publish, distribute, directly promote, fund, and launch their music.
Project and token overview
NEWM.io is bringing stream to the Cardano ecosystem. The NEWM token is the native utility token for NEWM.io.
NEWM utility
- Governance
- In-app usage
- Tier system and staking protocol incentives
Token data
- Token Name: ƝEWM
- Symbol: Ɲ
- Total Supply: Ɲ 9,735,033,900 (+6 decimal places)
- Blockchain: Cardano
- PolicyID: 682fe60c9918842b3323c43b5144bc3d52a23bd2fb81345560d73f63
- Exchanges: Minswap, Sundaeswap, Wingriders, Muesliswap
NEWM is derived from the word neume, pronounced /njuːm/, which is the basic element of Western and Eastern systems of musical notation.
Conclusion
The NEWM.io project is bringing music streaming to Cardano in the form of a DAO. Cardano is full of music lovers, and as interest in the NEWM token grows, so should the demand. Let’s make Aada Finance the first lending platform on Cardano to make NEWM available for borrowing and lending.
Adding the NEWN token to Aada Finance will enhance the selection of borrowable assets and drive awareness of the lending platform among the NEWM.io community.
References
