⚒️Utility

$Sound's Utility within the ecosystem

SOUND token sits at the heart of the Soundwork ecosystem. It supports the creation, promotion, revenue sharing, and rewards distribution, ensuring the required incentive mechanisms across the music supply chain.

Some initial use cases that provide Utility to the $SOUND token are:

Earning $SOUND Tokens by:

• Minting Sound NFTs

• Selling + Leasing Music NFTs

• Curating + Sharing Sounds

• Promoting upcoming Artists

• Voting on Governance Proposals

Spend $SOUND Tokens on:

• Music and SNFTs Promotion

  • Newly Minted SNFTs can be promoted in the MarketPlace's Top Banner by using the $SOUND Token either as payment or by leveraging the stake.

• On the Soundwork Marketplace (Buy Sounds + Tools)

• Premium Membership (Available also by Staking $SOUND)

• Exclusive Features + Remix Competitions

• Tipping Curators and SoundWorkers

$SOUND Token has incentive mechanisms designed to encourage Spending $SOUND as we as Earning $SOUND Tokens

With its multifaceted utility spanning distribution, remuneration, payments, and value retention, SOUND Token emerges as the crossroads of the Web3 and Music industries.