FAQ

Where can I buy the MIM token?

The MIM token is an SPL token issued on the Solana blockchain. It is issued on Solana due to its fast transaction speed, scalability, low cost per transaction and low environmental impact.

Who is running MIM?

MIM is run by several individuals and will eventually become a decentralized autonomous organisation (DAO).

What is MIM?

MIM is a creator swarm on the Solana Blockchain. It creates virtual artists, music releases, NFT's and other creations based on community efforts.

How can I join MIM?

You can join MIM on Discord, Reddit and Telegram. You can follow MIM on Instagram and Twitter.

What is the MIM token?

The MIM token is a reward token for the MIM swarm that also functions as a medium of exchange for MIM's creations.

Was there a presale or ICO?

The MIM token was launched using a "fair launch" model on Serum decentralized exchange. A "fair launch" means you just set up liquidity for your token on an DEX so everyone can buy at an affordable price without any presale or venture capital.

What can you do with the MIM token?

You can use the MIM token to purchase MIM products, reward fellow creators or purchase services from other MIM creators.

Is MIM listed on any exchanges?

MIM is listed on Serum Dex. You can find the listing here.

Where can I find more information about the price of MIM?

You can find more information about the price of MIM here.

Is MIM environmental friendly?

MIM runs on the Solana blockchain which is around 99% more energy efficient than Ethereum 1.0 and Bitcoin. This makes MIM more environmentally friendly than most crypto currencies.

What is a swarm?

A swarm is a group of humans and machines interacting with each other and forming a swarm that can have different purposes. In our case the purpose is a creative one. A swarm does not need to exist of the same members at the same time and the members have the freedom to be anonymous.

Virtual Artists
What is an virtual artist?

A virtual artist is a non-physical artist. That means it does not exist physically but exists mainly in the virtual space (metaverse). One of the earliest examples of a virtual artist is Hatsune Miku. A virtual artist does not have to be a musician, it can be an influencer, video artist or a meme. Defining new forms of virtual artists will be one of many goals for the MIM swarm.

What do you need to contribute to a virtual artist?

There are many different roles needed to create a virtual artist. A virtual artist requires music, visuals, styling and marketing. For example, if you are good at making memes that can also be a useful skill for a virtual artist creator.

How can I join a team creating a virtual artist?

You can join MIM on Discord, Reddit and Telegram. You can follow MIM on Instagram and Twitter.

How do I get rewarded from creating a virtual artist?

MIM will donate MIM tokens based on the quality and category of your contributions. You are not be guaranteed a reward for all your contributions related to a virtual artist, since contributions will require their own selection process. The donations will come from the contributor fund that is issued on an annual basis.

How will you distribute the profits from a virtual artist?

The profits from a virtual artist will be divided to benefit the swarm and each individual creator. This means that all profit from a virtual artist (NFT's, merch etc) will be divided per project. You will also receive a MIM token donation for your contribution. This donation will come from the contributor funds.

Can I form my own team and create a virtual artist?

You can form your own team and create a virtual artist. If MIM appreciates your virtual artist, it is possible that you can release something from the virtual artist on MIM. Virtual artist team formation can happen in our Discord.

How can I support a virtual artist?

There's many ways of supporting a virtual artist. You can buy its products (NFTs, music, merch etc), make memes, spread the word about the artist or contribute to the creation of the actual virtual artist.

Artists
What is an artist related to MIM?

MIM will also release music, art, NFT's from human artists. These artists can be established artists or up and coming artists. They will receive a MIM token donation based on their releases and also receive royalties and revenue from streaming, merch and with other more traditional means.

Is MIM a record label?

MIM is not primarily a record label in a traditional sense, but one of its many aims is to release music.

How do you deal with royalties?

Royalties from streaming, licensing etc will be distributed per project. This will be an individual agreement between MIM and the individual artist based on what is planned to be released. Since the metaverse is fairly new there's no well established practice on how to deal with royalties yet. The main purpose of royalties is that the whole MIM swarm will also benefit from these royalties because the whole swarm contributed to its success.

How can I support a MIM artist?

You can join MIM on Discord, Reddit and Telegram and you can start help your favourite artist. You can follow MIM on Instagram and Twitter and help promoting the artist through tweets, artworks and memes.

Sample Packs
What is a sample pack?

A sample pack is a package of sounds for producers to use in their music/sound production. It takes on different forms per genre but is typically made up of one-shots, melodic loops, percussive/drum loops, sfx, designed sounds or presets for synth or fx plugins.

How do sample pack producers profit from sample packs?

Selected contributions by producers will receive a donation of MIM tokens.

Can I make my own sample pack?

You can make your own sample pack and submit it to MIM. If it has not been published before and exists of 100% original material and meets the quality that MIM is looking for MIM can release the pack and give you a share of the revenue and a MIM token donation from the contributor funds.

Which genres exists for sample packs?

We will start out with hip hop and pop sample packs but will continually expand to other genres.

How can I buy the sample packs?

You can buy the sample packs through purchasing an NFT related to the pack. That gives you right the use the material according to its license. We will also set up a fiat based sample pack online shop.

What is the licensing agreement for a sample pack?

We will release the licensing agreement per sample pack. This is done so that each individual sample pack will have the right license.

Rewards
How can I get rewards from MIM?

You can receive a donation from MIM by contributing to the swarm. By joining our Discord there's several ways of contributing. You can become a creator of a virtual artist, release your music through MIM, make memes for MIM artists or spread the word on Twitter about MIM. All of these different methods will give you the chance to receive a donation.

What can I use my rewards for?

You can use your rewards to purchase MIM related products such as sample packs, NFT's etc. Additionally, your MIM rewards can be used to buy services in the marketplace and to send MIM to other artists and community members.

Are the rewards a form of salary?

The rewards are a form of a donation. It is not a salary and cannot be counted for as a regular income source. You are not hired by MIM to perform tasks.

Can I rely on a regular income from MIM?

You should not rely on MIM as a regular income. Cryptocurrencies are volatile and therefore unfit to provide any form of regular income source.

Is the rewards an investment contract?

The rewards are donations and do not promise any form of value. There is no agreement between the donor and receiver.

How do I tax from my rewards?

Cryptocurrency has complex and changing tax requirements and is usually distinct based on your country of residence. As such, MIM will not offer tax advice as it is often down to the case of the individual. Please research into your regional tax specifications on how to proceed.

Can I sell my rewards?

You are free to do what you like with your rewards. Unless it is specified, there is no contract or agreement between MIM and the holders of the rewards.

Why did I not receive any reward for my contributions?

MIM donates to the best contributors of the swarm, based on selection. There is an annual unlock of contributor funds that will be distributed on as many good contributors as possible. If you do not receive any donations from MIM for your contributions you will also have the chance to receive donations from fellow MIM members.