CyberFM (CYFM), as the website claims, is the only streaming radio network that awards real-time listeners with cryptocurrencies. Instead of billing users every month for access to unlimited content, CyberFM (CYFM) turns the tables by rewarding the listeners.
Further, describing CyberFM (CYFM), the platform is a zero-cost radio that allows listeners to choose music of their liking while earning cryptocurrencies. Also, the CyberFM (CYFM) application provides features like live streams on radio around the clock. Besides, CyberFM (CYFM) partners with selected podcasts to provide exclusive InstaTUNES on the platform for playing crowd-favorite music and shows.
Meanwhile, the whitepaper states that CYFM is the official token of CyberFM (CYFM). CYFM illustrates a cryptographic form of currency, specifically for the artists. Likewise, CYFM, the utility token, is launched on an Ethereum blockchain, creating a one-stop universal payment system for platform users. Further, CyberFM (CYFM) seeks to implement the CYFM token at par with currencies to conduct in-app purchases, opt for radio membership online, and other registration charges. In the future, CyberFM (CYFM) aims to reward users generously with additional perks and more income only if users embrace and adopt the system completely.
Furthermore, the token can be viewed as a broadcast currency employed within the radio network and among all users and listeners. For a more precise understanding, listeners earning CYFM tokens can utilize the tokens yet again to settle the charges of premium memberships, commercial streams, popular downloads, song skipping, etc.
CyberFM (CYFM) provides a rewarding program for all artists, MFTU (Mainstream for the Underground). Besides, musicians eager to play on CyberFM (CYFM) and avail the benefits of blockchain technology are paid royalties using MFTU. Also, the website claims that MFTU stands out as one of the preferred picks of musicians worldwide. MFTU brings to the table a powerful virtual system for paying music royalties. Also, MFTU ensures quick and safe delivery of royalty payments, forgoing the hassles of finalizing transactions via middlemen. For instance, CyberFM (CYFM) aims at lowering the challenges of collecting royalties on performances across the network. Hence, the universal payment system makes gathering royalties a quick and seamless task all across the globe. In a nutshell, the ecosystem represents a single international currency, accepted universally to compensate artists and performers worldwide.