Leaderboard

Theoretically speaking, it's honestly not that far off, if that's the kind of music you're trying to write. Your I - IV - V - IV progression, while a little nonstandard, fills the substitution gap fine, and rhythmically a lot of things in your beat sound normal too. Take a listen to some of the loop artists and pay attention to what they're doing with different tracks in the same song. Some things subtly overlap which give just enough difference to call it "change", giving an (although quite fake) sense of progression to the music. You do some of it, but a lot of it sounds quite similar especially with your consistently major chord progression. The middle section of yours around 1:05 has some odd counterpoint that doesn't overlap quite well enough. It's a great idea for critical engagement but since the harmony is lost, so is a bit of the genre. The final thing is observing your timbres. A lot of treble, and very pointalistic as far as traditional terms are concerned. I'm not saying they necessarily need to be more varied, but you're going to run into problems if your audience can't immediately associate a sound they hear to a schema they're accustomed to.