Two UCF students, Ketan Rahangdale and Hugo Cardona, recently created an app that they hope will help unite music fans with their favorite artists through social media.

Rahangdale, CEO and founder, stressed that a major problem that many artists are having today is that they aren’t making any money off of music sales and are becoming less and less connected with their fans.

JOOX Music is an application that rewards fans in JOOX notes. Users have the opportunity to invest in songs that they like and get rewarded for investing in those songs if they become popular.

The platform is beneficial for artists as well. JOOX Music gathers data and will be able to inform artists details about their fans such as, who their fans are by name, how many concerts they attend, how active they are on social media, and what their favorite songs are.

The app has been in the works for nearly two years after Rahangdale was given the idea while working with artists with his previous business who is responsible for the wireless technology in Beats by Dre headphones and Bose audio equipment.

JOOX Music will be hosting their beta launch party this Thursday, October 29, at the Knight’s Pub. Special guests will include Autograf, Red Cup Nation, Kash’d Out, and MJK. Admission into the launch party is free with the app download.