Benefits of a Reward
The concept of rewards enables Music Artists to offer incentives, whether they are digital or physical based to encourage a greater degree of fan engagement and to develop exclusivity around a Music Artist brand.
By offering rewards which can only be acquired or claimed by Music Fans who have bought your token, it creates a fan club which encourages music fans to get access to unique, one -off rewards, experiences or digital collectibles that Music artists offer to fans.
The offer of rewards also creates benefits for a Music Artist token, as the interest in the offer reward creates more demand for their Music Artist Token increasing the trading price of the token on the exchange
A reward can also be offered as a form of NFT (Non fungible Tokens), allowing you to create limited edition items and make available for a specified
The buying and selling of Music Artists tokens as a result of rewards that have been offered, results in ongoing residual income to an artist for each buy and sell transaction made by Music fans. This creates additional passive income for Music Artists
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