Buying or Receiving SongShares
If you own SongShares of a song without being the owner of the corresponding Wrapped Song (SONG), you benefit from the revenue generated by the song through our digital distribution platform. Here are a few things you should know:
Benefits and Restrictions:
Benefits:
Proportional Income: You will receive a proportional income based on the number of SongShares you own each time the song generates revenue on streaming and digital download platforms.
Transparency: You will have access to statistics and data on the performance of the song, including its usage in streaming systems and the accumulated revenue.
Restrictions:
Distribution: You will not be able to distribute the song if it has not yet been distributed by the owner of the (SONG).
Secondary Sale: During the beta phase, you will not be able to propose the secondary sale of these SongShares. This functionality will be enabled in future updates.
In your account menu, you will be able to see the SongShares you own and access relevant information about the corresponding song. This includes details about the generated revenue, usage statistics, and the song's metadata. This visibility allows you to participate in the financial success of the song, fostering a collaborative relationship between artists and fans in the digital music space.
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