🥧Tokenomics
Token distribution, allocations, and vesting
Last updated
Token distribution, allocations, and vesting
Last updated
$SOUND TOKEN DISTRIBUTION
SOUND tokens drive Soundwork's innovative music ecosystem, functioning as the primary token for transactions, governance, and value. SOUND operates with a fixed supply, creating scarcity and value appreciation over time.
The largest Token Pool is defined as the MUSICIAN NETWORK POOL. This is not a coincidence.
The Musician Network Pool is the source of $SOUND tokens that will allow us to incentivize the community to grow and continue creating throughout the lifetime of the project, which we aim to be ever-lasting.
The Musician Network Pool is used to reward the creators for:
SNFTs minted, bought, and used in the MarketPlace
Playback of SNFTs detected on the different Streaming Platforms
Curating New SNFTS (Rating, Reporting, and Featuring New SNFTs submitted)
The Musician Network may also be tapped into to bring new highly acclaimed musicians onto Soundwork.
The following is the updated Tokenomics File with the Vesting Schedule and proceeds distribution.
You can find the latest Tokenomics File HERE.
