Musiconomi is a decentralized platform that allows artists, DJs, bloggers, promoters, listeners, and other entrepreneurial music enthusiasts to share and promote music. MIC it an Ethereum-based utility token used as the payment mechanism within the Musiconomi's platform. MIC is also used as a reward for users that contribute to the ecosystem. It is also used as a ‘staking’ mechanism whereby token holders are able to access tools and features of the platform.