As always, nothing new. Even the logo has already been seen in the past.
The wallet is taken from other projects and the concept itself is no longer new. I do not know who is behind the development but with such a project level a chance that something interesting will come out is zero.
Do not think that you will find many participants who will be willing to spend their electricity.
Well, first off, the coin already has a use case as it will be used for streaming, hosting, listening and downloading music directly from artists - on the already well established business based in the UK - Muusic.FM Online Radio - Check them out here:
https://muusic.fm/As to your last comment, the chain is purely PoS/Masternodes - there is no PoW mining- whatsoever. So other than the amount of electricity it costs to leave your computer on, there is nothing to else to 'spend' electricity on with the Muusic blockchain and wallet network.
Do they have collaborations with artists in this platform?
Like for downloading music, is the platform totally legal on every aspect?
And also, this is not the first global online blockchain radio station, BRO (
https://bitrad.io/index.php) has been doing this for so long already.
But if you will have active dev team, it might greatly help in attracting users as well as potential investors.