Soundwork Whitepaper
  • 🎼Index
  • πŸ’‘Abstract
  • πŸ˜–Problem Statement
  • πŸͺ„Solution Overview
  • πŸ“ŠMarket Analysis
    • 🎚️Music Market Landscape
    • πŸ–ΌοΈThe Role of NFTs in Music
    • πŸ’ŽUnique Value Proposition
  • 🎢Platform Deepdive
    • 🎹SNFT - Sound NFT Standard
    • πŸ›’Soundwork MarketPlace
    • ☁️AI-Powered Developer API
    • πŸ“±AI Music-Maker App
    • πŸ’°Web3 Rewards Engine
  • πŸͺ™$SOUND Token
    • 🧠Rationale
    • βš’οΈUtility
    • πŸ›οΈGovernance
    • πŸ’ΈSettlement
    • πŸ₯§Tokenomics
  • πŸ—ΊοΈRoadmap
  • πŸŽ™οΈConclusion
  • 🌍Official Links
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$SOUND Token

The SOUND Token plays a pivotal role at Soundwork, serving as the key incentive mechanism with multifaceted functions. The SOUND Token is the bloodline of the Sounwork ecosystem.

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Last updated 1 year ago

The $SOUND Token:

  • Token information:

    • Name: Sound

  • Symbol: SOUND

  • Decimals: 18

  • Total supply: The token will have a fixed total supply of 1,000,000,000

  • Minting: The contract should not allow additional token minting after creating the initial token supply. It should allow for emissions and distribution + vesting.

  • Burning: The contract should allow token holders to burn their tokens, reducing the total supply.

  • Transferability: Token holders should be able to transfer tokens to other addresses.

  • Pausing: The contract should have a pausing mechanism, allowing the contract owner to pause/unpause transfers temporarily in emergencies.

  • Role-based access control: The contract should allow only authorized users to perform specific actions, such as pausing the contract.

  • Events: The contract should emit relevant events for all necessary actions, such as token transfers, approvals, and burn events.

  • Auditability: The contract should be written clean and well-documented, following best practices for security and audits.

The SOUND Token Standard meets the highest standards and provides security and functionality.

πŸͺ™
The $SOUND Token
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