Benefits of a Music Artist Token

Benefits of a Music Artist Token

Creating (or 'minting') and releasing your own Music Artist Token enables you to create a mechanism to engage with your fans. See it as your exclusive 'key' for fans to unlock access to rewards you offer to them for being part of your fan club

Some of the benefits of creating your own music token include:

1. New revenue streams

You can offer your token for purchase by your fans. You release a certain number of tokens with the price (currently) being determined by the platform. Once your tokens are sold, other fans who didn't buy the original allocation, can purchase them on the exchange if there are other fans who are selling your token

2. Ongoing revenue generation

Each time, a fans sells your tokens to another music fan, you, the artist will be entitled to a percentage of the sale proceeds. This results in ongoing passive, residual income to you

3. Innovative mechanism to drive interest and fandom to your music brand

Your music artist token provides the mechanism to offer a new instrument for fan engagement. The ability for fan to trade in your token, realise increases in the value of your token as well as the gateway to access your rewards presents a unique and different proposition for you as a music fan to drive fan engagement and ultimately to your music