monerofm.md 4.61 KiB
layout: wip
title: Monero FM (community run radio project)
author: ajs
date: September 7, 2020
amount: 35
milestones:
- name: Payout for license acquisition, initial expenses
funds: 17.569028
done: 7 August 2021
status: finished
- name: Payout for music after licenses are secured
funds: 17.430972
done:
status: unfinished
payouts:
- date: 8 August
amount: 17.569028
- date:
amount:Monero.FM, the Monero community run radio station.
Ok, let's make this short and sweet. We want to start an online radio station for Monero, controlled, in part, by the Monero community.
Why?
- It'll be super fun; a new way for the community to connect.
- We can see about monetizing the radio station with some ads or paid subscription (for higher bitrates) to make it self sustaining (after the initial CCS) and help the CCS and general fund.
- Low sunk costs! We can try it out for a while (the licenses are for a year) and if it's not popular then we don't have to renew.
- It can be used as a platform to get high quality information out to our listeners, both about upcoming updates (remember to update GUI), new CCS's to fund, and even teaching opportunities for newbies if it grows large enough.
- It's not as expensive as you might think to do all of this completely legally and above board. Don't believe us? Check it out below!
Initial Estimated Costs
- Monero.FM Domain ($75-$100 Annual)
- SoundExchange Umbrella License ($500 Annual)
- ASCAP Performance License ($266-$1499[1])
- Server Hosting Fees ($250 Annual)
- Overages/Slush ($250)
- Music Aquisition Costs[2] (avg ~$1.33/track, 1000 tracks to start = $1300)
Asked from community initially via CCS: 100+500+266+250+250+1300 = $2667
At $82/XMR that is 32.5 XMR, with a 10% buffer that comes to 35 XMR.
Half of the funds will be released up front to secure the licenses. Only after the licenses are secured will the second half be released to cover music acquisition costs.