What is HanChain (HAN)?

Deep Dive

1. Purpose & Value Proposition

HanChain targets the $40B+ music streaming industry’s pain points – opaque royalty payments and platform middlemen. Its Music RWAFI (Real-World Asset-Fi) model tokenizes verified music copyrights, creating on-chain revenue streams from royalties and licensing. Artists retain ownership while fans earn via engagement, unlike traditional platforms where 70-80% of revenue typically goes to distributors (HanIdentity).

2. Technology & Architecture

Built on Ethereum, HanChain uses smart contracts to manage:
- REWARD tokens: Distributed to users for streaming activity
- ePlatform tokens: Govern ecosystem development via 120-month vesting
A Certik-audited tracking system assigns unique IDs to each copyrighted track, enabling transparent royalty splits.

3. Ecosystem Fundamentals

Three core components drive utility:
- MusiKhan: Telegram-based “Tune-2-Earn” app with 600+ licensed tracks
- AdKhan: Blockchain ad platform rewarding user attention
- NFT-PLAY: WebDrama/MusicVideo streaming with tokenized rights
This creates circular value – streams generate artist revenue while rewarding listeners with HAN tokens usable across services.

Conclusion

HanChain reimagines media consumption as participatory ownership, using verified RWAs rather than speculative tokens. While its music focus shows promise with $11M+ secured copyrights, can the model scale across entertainment verticals while maintaining legal compliance?