Amie Street is a music website created in 2006 by Brown seniors in Providence, Rhode Island. Based on a supply and demand algorithm to determine song prices, artists upload music onto the site to allow users to purchase it for whatever price the song is currently listed at. Brown University is an Ivy League university located in Providence, Rhode Island. ... Flag Seal Nickname: Beehive of Industry, The Renaissance City Location Location in Rhode Island Coordinates , Government Country State County United States Rhode Island Providence Mayor David N. Cicilline (D) Geographical characteristics Area     City 20. ... Official language(s) None Capital Providence Largest city Providence Area  Ranked 50th  - Total 1,214* sq mi (3,144* km²)  - Width 37 miles (60 km)  - Length 48 miles (77 km)  - % water 32. ... Flowcharts are often used to represent algorithms. ... This article is about the computer terms. ...

Pricing

Prices start at zero when a song is uploaded onto the site. The prices then rise and fall according to the increased demand and purchase of the song. The maximum price any song will rise to is 98¢US. A two cent euro coin In currency, the cent is a monetary unit that equals th of the basic unit of value. ...

Downloading

Any individual, after setting up an account, can purchase any music that is found on the site. Users can download songs that are listed as free or submit money through a secure banking function that allows users to buy songs for a price set by the market.

Selling music

Artists upload their music on the site. As other users pay for their songs, they are compensated. Artists keep 70% of their proceeds after US$5 in sales per song. This article is about general United States currency. ...

RECs

Non-artist users can make money as well, to spend on more song purchases or merchandise. They do this by RECing a song. When a user finds a song they believe will be a hit, they can REC (recommend) it. If the song price increases from the moment they REC it, they will receive compensation based on the price increase. For example, if one RECs a song currently at 5¢US and it rises to 95¢US, the user will cash out half the spread: 40¢US (95 minus 5, divided by 2), just for recommending the song. If a user RECs a song when it is free, they are compensated with the full spread. RECing also differentiates more popular music from less, as songs that are believed to be good will be REC'd more often.

External links

• Amie Street
• Amie Street: Awesome New Music Model - TechCrunch article that first broke the company in the popular press