🧠Rationale
Why do we need a token?
Given the exponential amount of new cryptographic tokens that have reached the market since 2017, this question has increasingly been at the center of the discussions around Web3 projects.
In our case, The SOUND Token is the key to the entire ecosystem.
It serves 3 main purposes
Governance Token
Utility Token
Native Currency
The SOUND Token is the lifeblood of our ecosystem, serving as a governance, utility, and marketplace currency. As a SOUND token holder, you have a say in platform direction, feature updates, and genre highlights. The token also powers music distribution and revenue share on Soundwork, establishing it as the essential settlement layer for all our musical supply chain transactions
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