Token Use
(February 10th, 2022)
These token uses are proposed by the team at this time, and do not represent a promise that any or all of these use cases will be built out in any specified period of time, or at all. Unchained Music will most likely partner with a separate organization to create, issue, and manage our token in the interest of maximal transparency for our community.
- Staking/Liquidity Providing
- Paying for access to the Royalty Tool or upgraded tiers on the platform
- Rewards for locking royalties beyond the minimum balance in the music distribution system
- Use tokens for discounted label services
- Use tokens to pay down royalty advances
- Use of tokens for discounted premium services (ie. upgraded analytics, etc)
- Stake tokens to provide services on the peer-to-peer marketplace
- Earn tokens for providing services in the marketplace
- Artist and project grants that benefit the system
- Incentivization of valuable actions (ie. promoters inviting people that release with us, releasing their first song, etc.)
- Potential for decentralized A&R process or decentralized label w/ artist returns being put back in the system