How to use web3 technology on a wise way, always focusing on real values has been always our main mantra. So far so good we got it. Web3 technology can be used to provide real value and new types of ownership structures that permit new healthier and useful economies to exist.
The goal of songs is to create a incentive system that permits artists and artist related business to own the layers that move to music around to fans. This technology has the means to achieve that, this is the path for that.
SONGS’s ecosystem:
Actors:
$SONGS Utility Token
An internal credit system inside songs, access to premium content, social value system for music and protocol governance.
- Validators: Valid Distributors and companies using the protocol to conduct businesses using the assets on the protocol. Eg: distribution, merch, publishing agencies, etc
- Curators: Labels and Managers that curate music on top of the protocol and define what is of value to others not experienced
- Creators: Actively creating personas that generate new music
- Fans: Consumers, Songshares buyers, tippers and actors that use SONGS
How $SONGS works:
- Earned through music creation, collaborators in songs, and fan engagement.
- Earned through social graph actions on top of music.
- Used for governance participation, and tipping creators with value in the protocol.
- Staked on top of artists for exclusive content access, priority placement, and voting power in the second markets
Tokenomics advanced
Use cases
Token breakdown