It is very honor to obtain the MELODY Closed Beta test qualification. This personal record, can not be considered as a very rigorous evaluation, some content is just my personal guess (not confirmed), this article can not be used as investment advice .

As the same , the summary is at the end of article, you can directly jump to the end of the article to see the conclusion.

I want to write something different, from another perspective to see what can reveal behind the MELODY Closed Beta APP.

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At present, the APP completion class is already very high.The content and functions are very smooth to use, the sound quality of the song is good, and the UI is also very nice.The switch between scenes is also very smooth.

Reflection: Does the Closed Beta APP means somethings?

Logic: MELODY project started in June. Developers can build the app as it is in just three months, the progress is very fast.

Conclusion: The technical strength of developers is very strong, and the APP can achieve the expected effect, which have a great effect of improving the market confidence.

(The floor price of the R microphone is 0.72BNB in September 10.2022,but now has reached 1.2BNB.)

It’s means there is an unknown error. This prompt tells the APP developers that they can refer to the documents in the prompt for processing and debugging.so who can provides the document, of course, is the company who can provides the technology.

According to the debugging prompt,I find it a famous company in this field. This company provides technical support for many famous WEB2 social media companies.

Reflection: What conclusions can be drawn from the above information?

Logic: From the partners of MELODY's technology services company, the technology company has mature technology and has systematic solutions, which can also confirm that the technology used by MELODY is quite good. At the same time, technical service companies needed to pay expensive fees, which can also confirm MELODY has abundant cash flow.

Conclusion: MELODY uses mature and stable technology and works with large and famous technology companies, MELODY has abundant cash flow.

If you do not have NFT,you can also use MELODY APP, and also you can sing in solo model, KTV model and the chorus model

The APP is also built-in features like TIKTOK APP ,you can share short videos, and you can also share your works to the MELODY website , so that your friends can watch your works without downloading the APP.

The APP integrates WEB3 functions such as NFT trading market and Cryptocurrency wallet, and WEB2 users can quickly and conveniently create an a Cryptocurrency wallet,also they can buy and sell NFT easily and directly in the APP.

Reflection: WEB2 users have no difficulty, no threshold, why?

Logic: Considering from the WEB3 ecology, if a large number of users need to enter, then the threshold of user entry can not be high, or even to make users feel very convenient. The use of WEB3 wallet is still relatively difficult for traditional WEB2 users, which requires a learning cost.

Conclusion: MELODY has a big plan to seamlessly connect WEB2 and WEB3 through APP. While WEB3 users can gain revenue through NFT, they also hope to import a large number of WEB2 users to form a complete WEB3 social ecosystem.

Many friends are worried about the copyright of songs,when  MELODY becomes bigger and stronger, the copyright of songs can be a big problem.

Now people have several ways to get the copyright of songs:

Singers are signed with different companies. And the copyrights of songs are also different. If buying the copyright of songs through this channel, is not only time-consuming and laborious, but also can get a limited number of copyright.

For example: KTV , most of the songs in KTV need copyright authorization.According to my investigation,KTV owner usually collaborates with the integration manufacturer of KTV system, directly package the cost of song authorization into the KTV system, and then regularly pay to upgrade maintenance.

In the same way, MELODY can use a similar scheme, but the biggest problem is: if you collaborate with the integration manufacturer of KTV system ,you need to buy the manufacturer's hardware.Future upgrade payments are Includes hardware and software.

MELODY is an open APP, and anyone can download, no need to use the hardware of the manufacturer. If you pay the copyright fee according to the numbers of terminal of which had downloaded APP, it will be quite large expenditure.

The MELODY official previously mentioned in AMA that Tencent Music had asked them to cooperate. At that time, many people thought it was bragging, but in fact, this way is the most efficient, and the success rate was higher.

MELODY only needs to arrange technical personnel to develop relevant data interfaces for docking.

Reflection: means something?

Logic: Working with the music software companies are the best choice.

Conclusion: There is a high probability that MELODY is working with mainstream music software companies to obtain the copyright of songs, MELODY are very likely to cooperate with Tencent music.(Tencent Music has been listed on the New York Stock Exchange. Code:TME)

MELODY is building global communities, so can i find some answers from the APP?

The APP defaults language is English (Chinese songs still shows in Chinese), and functional areas and UI use very local English. English users have no difficulty to use the function operation.

The library of English songs is very good, classic songs have accompaniment, popular songs  basically have accompaniment.

Then I searched the Russian songs on Leaderboard and the Vietnamese songs on Leaderboard (search in Russian and Vietnamese), the result shows about 70% to 80% songs you can search out ,but some of the songs do not have accompaniment,but during the test ,more and more songs were added in APP.

Reflection: Why i need to verify the construction of MELODY Global community through APP

Logic: MELODY is building a Global communities now (especially the Russian and Vietnamese communities some time ago), it shows that MELODY wants more and more global users in the world, and create a global WEB3 social circle,so that people all over the world can gather together to sing.

At the same time, MELODY can avoid being involved in this field with other famous companies in WEB2, MELODY can create a new product in WEB3 field, and even become a head company in this segment.

Conclusion: MELODY opens a new tracks to avoid further rolling at WEB2 and old tracks. Building a global community can not only expand the influence, but also avoid the embarrassment of a single area .

SNS have no private equity, no IDO, and you can only get SNS from the following ways:

A total of 5 million SNS was awarded for Pre-registration activities on MELODY website

The total amount here can only be made in an estimate, the estimation process will not be repeated, because the number of microphones per rarity is not disclosed.I can only do a general statistic, the total amount of SNS is about 15 million, the following figure is the Staking information.

The number of this part will not be too much, at about 2 million

The total amount of the three ways is about 22 million, while the total supply of SNS tokens is 6 billion,check the following photo:

So the number of SNS currently in circulation is very scarcity (compared to the 6 billion total)

And there is one thing show very interesting, check the following photo:

Attention: In the first place is the private beta qualification, the second place is 200SNS, the third place is 50U, and the fourth place is 30U

Reflection: What can be seen from the ranking of the rewards issued?

Logic: Generally speaking, the rewards are sorted according to the value, and the Close Beta test is the highest value, then 200SNS, then 50U, and then 20U

Conclusion: If 200SNS is at least 50U, the unit price of SNS shall not be less than at least 0.25U

According to the current circulation of 22 million, the SNS price is 0.25U, The market value of circulation will reach $5.5 million, but if calculated as the total supply of 6 billion, SNS token market value will reach $1.5 billion . This number will sent SNS rank around 38th, according to the coinmarketcap market value ranking.

Reflection: What does the 38th  ranking means?

Logic: new projects in the initial circulation of less token, it is easy to pull the token price, but if the token market value is too high, the selling pressure will become more and more serious.

Conclusion: When the token is launched on the exchange, the price will rise up in the early trading, but when the selling pressure continues to be serious, the token price will fall until it returns to a reasonable price and finds the position of money to buy.

The token price actually depends on the planning of the MELODY market value management team. All above this,it is only my speculation. There is also a possibility of pull-stop-pull-stop this does not take the callback route of the trading rhythm (after all, MELODY is rich).

There is also speculation that violent pulling will attract the attention of the cryptocurrency group in October and November, but from the perspective of the box price, It's very unlikely that MELODY will use this way.

In the APP, personal account and microphone can be upgraded. The higher of personal account level , the more microphones that can be carried; the higher of the microphone level, the higher the profits; upgraded the personal account and microphone level while increasing the number of microphones carried, the profits will increase more.

However, you can not get SNS token in the APP(All profits will be issued in SGS token), and the personal account upgrade requires SNS tokens, you have to buy SNS from the exchange. So in the APP, the SNS is only consumed and not produced.

Reflection: What's the use of the combustion and deflation mechanisms?

Logic: You can get SNS token only in invitation activities, pledge activities, official activities , there is no other ways to get SNS token, and there are many functions in the APP that needs to spend (burn) SNS token, so this part of SNS token can bought only in the exchange.

Conclusion: With the increase of MELODY members, the demand for SNS token is increasing, but the supply of SNS token is not increasing , so the price of SNS tokens will naturally be pushed higher.

SGS is the tokens circulating in the APP, which can be produced or consumed in the APP (your microphone is also earns SGS tokens). From the Close Beta test, we have calculated these:

Take the R microphone as an example, if all the attribute points take as 8 points, then the highest earns of singing a song is 4.8 SGS, song rating is ABC level earn 3.84 SGS, the maintenance cost of a song is 2.63 SGS, and the average benefit of deducting the maintenance cost per song is 1.2 SGS(you can earn 1.2SGS per song).

Which means :

if you spent 300USDT to bought a R microphone and will not upgrade it .

If you want earn back 300USDT in one month. The price of SGS token must be higher than 1.7USDT

If you want earn back 300USDT in two months, the SGS price must be higher than 0.85U

If you want earn back 300USDT in three months, the price of SGS must be higher than 0.85U

so I think the price of SGS token between 0.5 to 2 is reasonable

Reflection: What does the above summary mean?

Logic: Many “Gold Farming” friends will calculate the Payback period, in fact, the Payback period is basically changing every moment, because the price of the token fluctuates in every second. The number of tokens produced is small, but the demand is large, it will push the price of the tokens up further; when the number of tokens produced is large and the demand decreases, the price comparison will fall down further.

Conclusion: SGS tokens have less output in the early stage, and the demand is very large. The price is very likely to soar in the short term in the early stage. If you join in, you need to pay  more attention to the risk control.

Put the previous summary to come out here:

1. The technical strength of developers is very strong, and the APP can achieve the expected effect, which has a great effect of improving the market confidence

2. MELODY uses mature and stable technology and works with large technology companies, MELODY has abundant cash flow.

3. MELODY has a big plan to seamlessly connect WEB2 and WEB3 through APP. While WEB3 users can gain revenue through NFT, they also hope to import a large number of WEB2 users to form a complete WEB3 social ecosystem.

4. There is a high probability that MELODY is working with mainstream music software companies to obtain the copyright of songs, MELODY are very likely to cooperate with Tencent music.(Tencent Music has been listed on the New York Stock Exchange. Code:TME)

5. MELODY opens up an new tracks to avoid further rolling at WEB2 and old tracks. Building a global community can not only expand the influence, but also avoid the embarrassment of a single area .

6.  If 200SNS is at least 50U, the unit price of SNS shall not be less than at least 0.25U

7. When the token is launched on the exchange, the price will rise up in the early trading, but when the selling pressure continues to be serious, the token price will fall until it returns to a reasonable price and finds the position of money to buy.

8. With the increase of MELODY members, the demand for SNS token is increasing, but the supply of SNS token is not increasing , so the price of SNS tokens will naturally be pushed higher.

9. SGS tokens have less output in the early stage, and the demand is very large. The price is very likely to soar in the short term in the early stage. If you join in, you need to pay  more attention to the risk control.

MELODY has abundant funds, and the project is progressing steadily.

The strength of the technical partner is strong.

Copyright is not a problem.

MELODY is going to create a new WEB3 social project through singing, which should not be viewed with as a Gamefi project .

NFT floor price of the MELODY NFTS has risen, indicating that investors' confidence in the project has increased.

When SNS tokens launched in exchange,there will be a selling pressure, but SNS token has deflation and combustion mechanism, long-term bullish.

SGS token will be bullish in short-term, pay more attention to the risk control.

MELODY still have nearly 3000 Genesis boxes that not sold, you need to pay close attention to these .