MusicLife deploys blockchain technology and establishes the transaction ecosystem to tokenise all the rights and interests on the platform, in addition to publishing the digital currency MitCoin (MITC) which is used in every transaction. All MITC owners are MusicLife owners and share a series of rights such as income distribution, asset appreciation, election supervision, and special usage etc. Through MITC, all members of the community can be strongly motivated and everyone can actively promote the development of the platform. The main network of MusicLife will be launching in 2019. Before activating the main server, MITC will be published based on Ethereum's ERC-20 and ERC-223 tokens.