Maany is like a big piggy bank for artists. It was started because many artists don’t get paid enough for their work. Maany helps artists earn and save money by chatting with their communities, using a special kind of money called a token. Everyone who uses Maany helps to make it better and decide what happens next. The money the system makes goes back into helping more artists, so it keeps growing in a sustainable and self-sustaining way.
A community-owned project means that the people who use and support the project—in Maany’s case, artists and their communities—actually own the network by holding tokens. These tokens represent the value of the entire project and are distributed to users as rewards. Initially, the token is sold to investors in two private rounds to finance the development of the app and the creation of the token. Once the token is created, it is listed on exchanges, allowing public retail investors to participate. Points earned by users on the app are then used to reward tokens out of the community wallet.
Maany is community-owned because it believes that the people who use and help scale the project should have control and benefit directly from it, rather than big companies and middlemen in the artist industries, which is the current status quo.
This community ownership is best achieved through an independent token, which not only reflects the value of the project but also gives holders ownership of the ecosystem. Ownership means power to vote on important ecosystem decisions. These decisions can include new features, rewards for users, staking rewards for investors, and the mandates for the development team.
An independently elected Council governs the project, ensuring the voice of the token holders is heard and that voted changes are implemented in line with their collective will. This system ensures that the project remains true to the community’s needs and interests.
