《Gala Music:2024年GALA MUSIC(NFT音乐平台)白皮书(英文版)(25页).pdf》由会员分享,可在线阅读,更多相关《Gala Music:2024年GALA MUSIC(NFT音乐平台)白皮书(英文版)(25页).pdf(25页珍藏版)》请在三个皮匠报告上搜索。
1、Gala MUSICWhitepaperLast Updated:January 29th,2024Version 2.8DisclaimerThe purchase or sale of any token or digital asset involves risk.The information in this Whitepaper is provided for informational purposes only,and we urge you to read this material carefully and ask us any follow-up questions th
2、at you may have before joining the Gala MUSIC platform.You should also consult with your legal,accounting,or tax advisors regarding any applicable laws,rules or regulations that might govern your purchase of the digital assets discussed in this Whitepaper or your participation in the Gala MUSIC plat
3、form,and regarding the tax or other financial implications of any purchase or sale.By your purchase or sale of any digital assets or tokens offered by Gala MUSIC,you agree to assume the risks of such participation,and Gala MUSIC disclaims any liability This paper outlines a vision and a set of goals
4、 that guide our journey,yet its important to acknowledge that the details are subject to change in response to shifting regulatory requirements and the practicalities of managing a decentralized ecosystem.While the landscape we operate in may evolve,and adaptability is key,the aspirations detailed h
5、ere represent the heart of what we are striving to achieve together.This document,therefore,should be viewed as a reflection of our ambitions and a roadmap for our collective effort,albeit one that may adjust its course as necessary to navigate the ever-changing terrain of the blockchain world.To ge
6、t the most up-to date version of this document,please visit:https:/ 5.Summarypg 6.1.0.Introductionpg 7.2.0.Audiencepg 8.3.0.$MUSICpg 14.4.0.Ecosystem Rewardpg 18.5.0.Popularity Algorithmpg 18.6.0.Earning Eligibilitypg 19.7.0.Track Raritypg 20.8.0.Pink and Entry Tierspg 21.9.0.Ecosystem Boostspg 21.1
7、0.0.Token Utilitiespg 22.11.0.Decentralizationpg 23.CSummaryMusicBlockchain music has the potential to disrupt the entire music industry by providing accountability and direct access to fans and artists.We believe that there is a very real possibility for a creative revolution as those that make mus
8、ic and those who enjoy it,begin to connect and take control of their experiences,together.Gala MUSIC(MUSIC)is a free platform for listeners.Through streaming,account holders can receive,earn and win perks such as tracks,concert passes,branded merchandise,artist access(meet and greets,video messages,
9、VIP tickets etc),memorabilia and branded items,as well as other entertainment related content,collectibles and experiences.Those who choose to buy music tracks and/or operate Gala MUSIC Jukeboxes(nodes that host music on the platform),can also earn the platforms MUSIC token;$MUSIC.$MUSIC is a utilit
10、y token,the emission of which is governed by a bonding curve thats designed to balance supply with the tokens utility and level of demand.A test version of the MUSIC platform was launched March 28,2023.The full version,with its token$MUSIC,is set to be released December,2023.During its test phase,MU
11、SIC attracted more than 88 artists,6.8M streams,162K account holders,94K test token holders,13K+track owners and had more than 11K active Gala MUSIC Jukebox Operators(hosts).There are over 25K Gala MUSIC Jukeboxes currently in the MUSIC ecosystem.MUSIC also delivered early versions of its live music
12、 companion app(STGE),as well as the platforms All Access store.The early version of the store saw 1.2K+items and experiences redeemed,with over a million of the platforms test token BEAMS being burned in the process.All of this is part of the broader ecosystem utility centering around the Gala MUSIC
13、 Jukebox ecosystem,the$MUSIC token,and the mechanisms to drive engagement for artists and music fans worldwide.Whether you are using$MUSIC to show an artist how much you care by tipping in STGE or supporting a new artist by buying some of their tracks,or enjoying experiences purchased from the All A
14、ccess store,your participation in the Gala MUSIC ecosystem can help usher in a new era of growth for decentralized music.Stream free.Own tracks.Earn 1.0.IntroductionGala MUSIC is changing the world.John Lennon said that“Music is everybodys possession.Its only publishers who think that people own it.
15、”This is why Gala MUSIC exists-to set the music free.The existing music industry has been built on the backs of musicians for decades.To this day,nothing has set them free from the industry that-though often well-meaning-locks artists into restrictive contracts,builds a wall between artists and thei
16、r fans,and stifles the free growth of creative expression in so many ways.At Gala,we think this is bullshit.Music is,and always has been,the heart and soul of the people.Our role,as the builders of the worlds first ecosystem platform capable of handling the requirements of all of entertainment,is to
17、 provide the opportunity to allow artists to grow.The lifeblood of this system is the$MUSIC token.It is a utility token which can be spent in the ecosystems All Access store,locked to show musicians how much you care,and used to incentivize ecosystem growth.The$MUSIC token can be spent on concerts,e
18、xperiences,merchandise,collectibles,music and more.$MUSIC can also be used as a payment method within the ecosystem to increase the functionality of the Gala MUSIC Jukeboxes,formerly called“Player Nodes”-including the number of tracks they can host.Everyone-all 8.1 billion people and counting-listen
19、 to music.We believe that in 2-5 years at least 20%of them will want,not just to rediscover the joy of curating their own collection,but subscribe to a more interactive and bespoke experience because of it.Join us at Gala MUSIC while we break down the walls holding musicians back and enable seamless
20、 connection and interactivity,aligned economic incentives,and empower artists to be the musicians they have always wanted to Theres more to MUSICListeners will find an increasing catalog of artists streaming free on the MUSIC platform,with high quality sound,mobile optimized site and concert and vid
21、eo features-users can access curated playlists,new music and exclusive tracks.Unique plays on the platform are tracked so that the most popular songs can be ranked,and the owners of tracks related to those songs,rewarded.Gala MUSICs companion app STGE is designed for fans to share live and authentic
22、 moments with performers.Finding or joining an artist on STGE not only puts a viewer next to a musician or group,with an uncut and unique viewpoint,but it also supports the ecosystem through further play counts,artist rewards(platform side)and other incentives including tips,competitions and giveawa
23、ys.2.0.AudienceIn exploring the dynamic landscape of the music industry,its essential to understand the total addressable market encompassing five key segments:Listeners,Fans,Owners,Hosts,and Artists.Each group plays a pivotal role in the ecosystem,contributing to the industrys vibrancy and economic
24、 MUSIC is for everyoneListenersThe people who buy albums,stream songs or purchase tickets to shows,are largely invisible to an artist.With MUSIC,emerging talents and established names can see who their supporters are,giving them not just a unique insight into their fan-base but also a real chance to
25、 interact with them.For a fan,MUSIC is an opportunity to engage,interact and be recognized by an artist like never before.Bringing existing fandoms into the ecosystem and incentivising listening through recognition,also supports new musicians.For example,fans of one artist can be rewarded by discove
26、ring an emerging talent,with the platform proactively exposing established artists fan bases to new tracks and names-creating new opportunities for both.FansThose buying music tracks are able to host their track(s)by pairing the same with a Gala MUSIC Jukebox.Track Owners can receive$MUSIC based on
27、how well the song related to that track is performing.Song performance is captured by the Popularity Algorithm registering the number of listens a song has both on and off of the MUSIC platform.OwnersKnown as a Gala MUSIC Jukebox Operator,those who host music tracks share in the distribution rewards
28、 of those tracks,with the Track Owner.If the Gala MUSIC Jukebox Operator and Track Owner are the same person then they take 100%of the distribution reward associated with the track pairing.Gala MUSIC Jukebox Operators have the option to opt in to being a community host-meaning they dont need to own
29、tracks to earn$MUSIC but can share in the distribution with Track Owners who need a host.Gala MUSIC Jukeboxes have a 20 hours minimum uptime requirement and can(currently)host 10 tracks as standard-these tracks can be their own,or be owned by a member of the community who has opted in to have their
30、tracks hosted.MUSIC is an artist-first platform,providing each with on-chain data around their sales,streams and All Access items and experiences.When releasing songs on MUSIC,an artists song enters into a tier system,the number of tracks made available for any given song,can increase with the numbe
31、r of listens a song gets(i.e.its popularity).The release of tracks is the primary revenue stream for an artist and is supported by residual income from secondary market sales,as well as other platform incentives(tips,tracks and$MUSIC),which are obtained based on listens,fan and artist HostsArtists3.
32、0.$MUSICSupplyand Schedule3.1.Token Specification3.1.1.3.1.2.3.1.3.Max Supply:1 billion.Token standards:GalaChain token,bridgeable to the Ethereum chain as an ERC20 token.Emission type:D3.2.1.3.2.2.Test token(BEAMS)were converted to$MUSIC(at a 1/1 ratio).This conversion resulted in 75 million$MUSIC.
33、An equal amount of 75 million$MUSIC tokens were also be minted and granted to the ecosystem operator for ecosystem partners and platform engagement activities,including development of the platform,its features and related products.3.2.Initial SupplyEcosystem Allocation50%(75,000,000)50%(75,000,000)B
34、EAMSConversion3.3.Supply recipients$MUSIC is distributed across five groups:Upon meeting qualification criteria(minimum up-time of 20 hours),those who host music tracks,known as Gala MUSIC Jukebox Operators are able to share in the distribution rewards of those tracks,along with the Track Owner.If t
35、he Gala MUSIC Jukebox Operator and Track Owner are the same person they would receive any applicable track rewards for both.There is also a segment of the distribution that node operators receive regardless of track hosting status for their general contribution to the network.HostsGala Music receive
36、s a portion of the distribution for their role in curating and maintaining the platform.While plans are in place for the eventual full decentralization of the network and reduction of this segment of the distribution,economic and legal review of this has not been completed and this plan will be rele
37、ased in the future.Curatorial EAs the heart and soul of the Gala MUSIC ecosystem,Artists receive both primary sales of their tracks,as well as a portion of the distribution based on their tracks popularity as determined by the popularity algorithm.ArtistsThose who hold music tracks are able to host
38、their track(s)by pairing them with a Gala MUSIC Jukebox to create a track-Jukebox pairing that is eligible for any applicable listen-based$MUSIC rewards.Rewards are calculated based on the platforms Popularity Algorithm.OwnersListeners who actively promote the platform,engage in a number ofpromotion
39、al activities,and actively bring in new listeners receive distribution of$MUSIC,based on the efficacy of their promotional activities.This portion of the distribution is governed by the list of Ecosystem Supporting Activities in Section 4.7.This upcoming section delves into more technical aspects,wh
40、ich might seem daunting at first.However,its crucial for those engaged in the Web3 space to grasp these concepts.Understanding these finer details is key to fully appreciating the intricacies and potential of Web3 technologies and their impact on digital interactions.Advocates3.4.Supply ScheduleThe$
41、MUSIC token will adhere to a dynamic supply schedule governed by a mathematical formula akin to a bonding curve.This formula relies on an ecosystem activity parameter as an input;it has been designed to ensure that the supply of$MUSIC scales with both platform growth and token utility.This approach
42、will mitigate issues of oversupply and undersupply that can be found in fixed supply schedules.Specifically,the ecosystem parameter aligns to the creation (minting)of new music.The minting of music occurs as a response to a number of inputs derived from platform users and their chosen level of engag
43、ement.3.4.1.Tracking the amount of music that the platform is minting on the blockchain ensures a transparent and true measure of demand,growth and by extension,with All Access artist requirements,$MUSIC utility.The Bonding curve calculates the amount of mint allowance created as a result of new mus
44、ic tracks minted.Since the tracks are minted following ecosystem activities which scale with the token utility,the system ensures that the token supply only increases when the token utility Whereis the existing token supply x1is the new token supply after mint allowance creation is daily pool replen
45、ishment quantity is additional music listens on the Gala Music Platformis bonding curve parameter(3e6).MINT x x x xMINT is the additional track mint on the day aMINT=x xlog cos(-2a2x)The chart that follows describes how the$MUSIC mint allowance generated from unit track,mint decreases as the supply
46、of token increases.3.4.4.$MUSIC Mint allowance generated from unit track mintToken SupplyMint allowance per 100 tracks2200002000000060000400002000009.0E+88.0E+87.0E+86.0E+85.0E+84.0E+83.0E+82.0E+81.0E+8The amount of mint allowance generated by 1 newly minted track de
47、creases as the circulating supply increases.This results in the token supply growing slower than the token utility which creates a systematic shortage of tokens as the ecosystem grows.New mint allowance is generated at the end of each day based on the amount of tracks minted on that day.The relation
48、ship between new track mint and the token supply is described by the following equation:Existing token supply(x)10,000,000(10%)210,23320,000,000(20%)102,56165,41245,87533,33124,21716,98310,8305,27930,000,000(30%)40,000,000(40%)50,000,000(50%)60,000,000(60%)70,000,000(70%)80,000,000(80%)90,000,000(90
49、%)$MUSIC Mint allowance generated per 100 track mint$MUSIC is burned via token utilities such as the purchases made in the All Access store,along with other ecosystem related features,such as STGE tipping.When this type of activity increases,reducing the circulating supply of$MUSIC,the mint allowanc
50、e derived from the ecosystem activity is increased.This reciprocal token mint and burn mechanism ensures the ecosystems sustainable operation,with the two mechanisms eventually reaching equilibrium,resulting in a stable token minting and burning process without reaching close to the maximum supply.3
51、.4.5.3.5 Mint Allowance PoolTrackMintMintAllowancePoolMint&DistributionReplenishes0.15%Daily consumption3.6.Distribution TypesTo prevent violent fluctuations in daily mint quantity,the mint allowance pool provides a buffer between ecosystem activity and the daily token minting process.The bonding cu
52、rve,as explained earlier,determines the replenishment amount for the mint allowance pool.Each day,0.15%of the mint allowance pool balance is minted and then distributed as an ecosystem reward.Initially,the mint allowance pool will be filled with 150 million tokens,which is equivalent to 15%of the su
53、pply cap,at the token launch.This strategic approach eliminates uncertainty associated with a fully dynamic supply schedule.Even in the absence of activity on the MUSIC platform,90%of the 150 million mint allowance will be distributed over a period of four years.At the Token Generation Event(TGE),15
54、0 million tokens are allocated to the existing ecosystem participants.After the TGE,$MUSIC tokens are minted and distributed to the active participants on a daily basis.The distribution follows the fixed ratio as described in the table below.The amount of daily distribution is regulated by the bondi
55、ng curve and the distribution pool mechanism outlined 3.8.Key Features of GalaChain3.7.GAS Token and L1 Chain Near-real time settlement with low gas fees and sub-second latency Semi-permissioned L1(GalaChain)to allow for tailoring and improved security Easy channel management-contracts and tokens ar
56、e created using TypeScript Efficient blocks without the need for a high carbon footprintGalaChain,as MUSICs L1 blockchain,leverages the power of$GALA as its designated gas fee token for seamless bridging in and out of the platform.This approach ensures efficient operations.GalaChain enhances the eco
57、system without diminishing the value and purpose of the Gala$MUSIC token.3.9.$MUSIC AuditCertik has provided the audit of ERC-20 compliance for$MUSIC.They verified properties of the public interface of the token contract that implement the ERC-20 interface,including:Functions transfer and transferFr
58、om that are widely used for token transfers,functions approve and allowance that enable the owner of an account to delegate a certain subset of tokens to another account(i.e.to grant an allowance),and;4.0.Ecosystem RewardThe daily token mint will be distributed to ecosystem participants who contribu
59、te positively to the project and platform,incentivizing their beneficial actions.The allocation for ecosystem participants depends on the popularity of a track on a given date,and this conversion from track popularity to token allocation is managed through MUSICs proprietary Popularity AAllocations
60、and PoolsDaily-Gala MUSIC JukeboxDaily-MUSIC Artists25%10%25%35%Daily-Ecosystem Supporting ActionsDaily-Track OwnersDaily-Founders Node Operatorsgraph does not include curatorial entity segment5%4.1.MUSIC Platform AllocationNon-Gala MUSIC allocationsAn initial 50%of the daily mint is allocated to op
61、erational needs.MUSIC has the flexibility to distribute these tokens as required to support ongoing operations.Common categories that will be funded from this allocation will include:Development Costs Marketing Physical Events Partnerships and Licensing the functions balanceOf and totalSupply,which
62、are verified to correctly reflect the internal state of the contract.4.2.Gala MUSIC Jukebox Operators MUSIC relies on Gala MUSIC Jukebox operators to provide its music streaming service infrastructure and track owners who provide the content so that fans can discover,stream,support and interact with
63、 artists.Node operators receive 10%of the distribution for operating their node and contributing to the general ecosystem,as well as 25%based on listens and paired tracks.*Percentages are based on the 50%not going to Gala M4.2.1.Track Owners25%of the non-Gala distribution is distributed to track own
64、ers whose tracks are paired with Gala MUSIC Jukeboxes.Each music track is paired with a specific Jukebox.A Jukebox can be paired with multiple tracks,the current track slot standard is 10,but a Jukebox Operator can choose to upgrade and add more using$MUSIC.To qualify for rewards a track must be pai
65、red with a Jukebox whose uptime is at least 20 hours a day.The platform will automatically discount a Jukeboxs eligibility as a community host if they have failed to meet the uptime requirement for the previous day.Token allocation for a track is calculated using MUSICs proprietary Popularity Algori
66、thm,with the daily$MUSIC mint amount being derived from the mint allowance pool.The token allocation is divided by the number of track-Jukebox pairings(a track hosted on a qualifying Gala MUSIC Jukebox),to determine the distribution amount each track-Jukebox pair should receive.The distribution amou
67、nt for each track-Jukebox pair is equally split between the Jukebox Operator and the Track Owner.4.2.2.Founders Nodes5%of the non-Gala distribution is distributed to operators of the Founders Nodes for their support of the ecosystem as a whole.4.2.3 MUSIC ArtistsDaily non-Gala distribution(10%*)10%o
68、f the daily non-Gala distribution is allocated to artists based on the popularity of their tracks,as determined by the Popularity Algorithm.Platform earnings Alongside the$MUSIC distribution reward an artist can receive(impacted by their number of listeners and fan engagements on the platform),they
69、also earn from:Sales of their music via tracks Experience and merchandise related revenues from the All Access store Tipping through live party music streams/performances on STGE by viewers and fans Pairing and hosting of their own content Referring users to the Gala Music 4.2.4.Supportive Ecosystem
70、 ActorsIn addition to the previously named ecosystem participants,there is a segment of the daily distribution specifically focused on growing the ecosystem.This is similar to the early Founders Node referral reward model but instead of focusing only on sales/node operation,it also allocates rewards
71、 based on actual involvement with the ecosystem,rather than just referred sales.To encourage the spread of content and attract new users,Gala MUSIC will distribute tokens based on what we deem to be positive ecosystem supporting actions.There are many actions which could potentially qualify as ecosy
72、stem supporting behaviors.The list of these actions will eventually be published and users will be able to see which actions result in the greatest reward within any given distribution cycle.Examples of these actions may include but are not limited to:Sharing Music Initializing A Node for the first
73、time Pair a reward earning track Bridge tokens into GalaChain Refer a friend(who completes certain actions such as initializing nodes,operating nodes,and pairing content)Your referred friend refers a friend (who completes certain actions such as initializing nodes,operating nodes,and pairing content
74、)The key to this distribution is that all actions which qualify as“Ecosystem Supporting Actions”must be publicly visible and verifiable.This means that they either need to be written to chain or available in public in a way that the data surrounding them can be pulled via API and integrated into a d
75、istribution formula that is independently verifiable and 5.0.Popularity AlgorithmEveryday$MUSIC is distributed to qualifying track-Jukebox pairs on the platform,based on the related songs popularity.Fans are also incentivized to support artists tracks-those making referrals are able to earn bonuses
76、and those actively promoting songs can also qualify for rewards.While the details of the popularity calculation will remain confidential to ensure fairness-the following factors are considered in the calculation:The ratio between on-platform streams and external platform streams is variable,though a
77、 greater weighting is given to plays of songs on the MUSIC platform.The Popularity Algorithm works in conjunction with the track tier system to ensure that popularity,rarity and rewards are all reflected in the distribution amount of$MUSIC that is available to ecosystem participants(amount available
78、 is based on the bonding curve,see 3.4.3.).On-platform stream count Number of unique listeners External platform popularity Exclusivity status on the MUSIC platform Track Virality on Social Platforms relating to Gala MusicRewarding Success6.0.Earning EligibilityIn order to be eligible for daily$MUSI
79、C distribution rewards,ecosystem participants will need to meet the following criteria:20 Hours(daily)uptime A valid track-Jukebox pairing A valid track-Jukebox pairing At least 10 monthly listens(logged in state)A qualifying track hosted in the ecosystemGala MUSIC Jukebox Operators:Track Owners:Art
80、ists:Ecosystem P7.0.Track RarityTrack upgrades,also known as track tiers,are designed to reward early artist supporters on the MUSIC platform,and allow for fans to participate in the ecosystem at a lesser/lighter level.The first time an artist releases a song/single on the MUSIC platform,it is limit
81、ed to an issuance of only 100 copies and granted the status of Signature Edition.From the perspective of rewards,the Signature Edition has the lowest quantity and highest distribution multiplier of all tiers.If you are an OG fan or want to support an emerging artist,this is the best way.The platform
82、 reserves the right to patronize the artist by purchasing 10%of this initial Signature Edition as a token of our support for the artist.If the popularity of the track is great and it sells out,then the next rarity tier unlocks.If/when this happens more tracks become available to collectors,with the
83、previous tier holders automatically receiving an newly minted lower-tier version if they have their track paired to a Jukebox at the time the snapshot is taken.Note:The snapshot will be taken at the same time the distribution is calculated at the end of the first full day after the sellout of the pr
84、evious tier.Both versions will then be eligible(when hosted)for distribution rewards.As the tiers(and number of tracks)increase,the price point per track(along with the rewards distribution amount)decreases.Each time a track tier unlocks,holders of the previous tier track will receive a free newly-u
85、nlocked tier track.Tracks purchased before Upgrade mechanisms were implemented are ineligible for the release of new supply tiers.These Legacy tracks will not have further supply released in any rarity tier.In summary:Recognition and Rewards7.1.7.2.Music track tiers are designed to reward early arti
86、st supporters on the MUSIC platform as well as the fans who discover and want to collect/own the artists tracks after they become successful.While higher rarity tracks are more expensive,they also have higher distribution multipliers.7.3.Next tier releases can only initiate when there are no tracks
87、left from previous 8.0.Pink and Entry TiersMusic tracks released/available in rarity from Limited Edition to Signature Edition are unique and limited in their total supply.To support giveaways,referral recognition,listener participation,fan attendance and other activity and incentives,MUSIC also has
88、 Pink/Common Tier tracks.These are unlimited in quantity and can qualify for distribution rewards(7.4.)based on the Popularity Algorithm and being paired to a Gala MUSIC Jukebox.It should be noted that Pink/Common tracks are only ever made of tracks that have never been and never will be sold.As the
89、 platform becomes more self-serve for artists(both for All Access as well as music releases),an Entry level tier will also come online.For self-serve artists,it will be a requirement,prior to being able to release a track,to meet the Entry tier criteria for both unique Track Owners and required numb
90、er ofIncentives and Self-Service7.4.Upon unlocking of the next tier,existing track holders receive a free drop of the unlocked tier track.For instance,if a collector owns a Signature Edition track,they will receive a Pioneer Edition track if the track upgrades to the Pioneer Edition tier.If the next
91、 tier unlocks,then they will receive two Limited Edition tier tracks,one as a Signature Edition track holder and one as a Pioneer Edition track holder,the holder has to own the track to receive the newly unlocked versions.If a collector bought a Pioneer Edition track that unlocks the Limited Edition
92、 tier,then they will receive a single Limited Edition track.Supply Limit100Signature EditionSet by artist20100 to upgrade200 to upgrade300 to upgrade400 to upgradeN/AN/AN/A300Pioneer EditionSet by artist151000Limited EditionSet by artist103000Standard EditionSet by artist5UnlimitedOpen EditionSet by
93、 artist1N/AVariesPink/CommonLegacy TracksN/ASet by artist1N/ATierPriceDistribution MultiplierChart Score Cunique on-platform streams(7.4.).While an Entry tier track does not qualify for distribution rewards,if the track upgrades to Open Edition holders of Entry tier tracks will be dropped a free Ope
94、n Edition track.10.0.Token Utilities10.1.All Access&Loyalty PointsAll Access is the exclusive experience and merchandise marketplace of the ecosystem,where$MUSIC is the exclusive currency.Launched as a store during the MUSIC test phase,All Access is a key basis for the$MUSIC token,with the utility o
95、f$MUSIC scaling with the increasing size of the platforms artist portfolio,as well as the independent scale of the All Access store,which is designed as a self-serve fan store for artists(see 9.6.).All Access is designed to ensure that dedicated fans are acknowledged and rewarded with access to excl
96、usive artist products and experiences.MUSIC enables fans to publicly showcase their dedication to their favorite artists through the holding of$MUSIC tokens.The quantity of tokens held and the duration of the same are visible to the public,providing a means to verify fans loyalty on the blockchain-a
97、 concept referred to as“Loyalty Points.”Locking tokens against an artist does not have a return associated with it and is not a staking mechanism in any sense.It simply provides on-chain proof of your dedication to an artist.Artists can,at their discretion,use the Loyalty Point balance of a user to
98、offer users the first opportunity to purchase special experiences or gain special access.Gala MUSIC does not control or deliver on these experiences,and this is designed to be a decentralized way of allowing an artist to determine who their superfans are.9.0.Ecosystem BoostsIn keeping the promises m
99、ade to the community and the ecosystem,if a Galaxians wallet contains a BT Orb(Limited Edition),their daily distribution will receive a.0125%bonus.This bonus stacks and is cumulative for each BT Orbs(Limited Edition)and is unlimited.The Open Edition BT Orbs also receive a bonus,but one which is 10%o
100、f the Limited Edition BT Orbs.In the future,all holders of BT Orbs(both Limited Edition and Open Edition)will also receive an additional slot in one of their nodes.These slots will stack.10.2.Exclusive AccessArtists can grant exclusive access to their All Access products to fans based on the size an
101、d duration of the amount of$MUSIC they have held against 11.0.DecentralizationAs mentioned there will be self-service capabilities for content creators and partners on the All Access store(9.6).There will also be open on-boarding to all artists through the Entry tier-which is governed solely by audi
102、ence/fan engagement and tracked via the Popularity Algorithm.Alongside these features,MUSIC will also be sharing control and influence to those hosting the network(Gala MUSIC Jukebox Operators)and with those providing content for the network to host(Owners and Artists).This will include:Artist and H
103、ost ControlCurationModerationEventsGala MUSIC Jukebox Operators will be able to create and then vote on monthly playlists which will feature on the MUSIC platformGala MUSIC Jukebox Operators can vote to have content(and/or artists)deemed inappropriate removed from MUSICGala MUSIC Jukebox Operators w
104、ill be able to vote on some physical activations,this might take the form of the activation itself(with them selecting their preference),or be in reference to its execution i.e.the location,date and/or line-up of the activation10.4.Token Burn and Artist BenefitOn purchases in the All Access store,50
105、%of the paid$MUSIC is burned and the other 50%is transferred to the artist on MUSIC.10.3.Non-ExclusivityIt is planned that the All Access store will be a home for all artists,even those not releasing tracks on MUSIC.It will also be opened up as a marketplace for wider brand partnerships and entertai
106、nment related content.During the platform test phase MUSIC began to build out the supplier base and operational model for All Access,so that in the future those wishing to feature and sell items in store can do so through self-service,with complete visibility and more creative control.VotingPromotio
107、nMajor platform changes,such as track upgrade criteria,or Popularity Algorithm inputs may be put to a Gala MUSIC Jukebox Operator voteArtists who participate live on STGE will be able to curate their own set of tracks.These will be featured on the platform-the set must contain a minimum number of 6
108、In conclusion,Gala MUSIC represents a bold and transformative vision for the future of the music industry.Weve journeyed from recognizing the constraints faced by artists in the traditional music industry to forging a new path with the$MUSIC token-a tool that empowers artists and fans alike.Our miss
109、ion goes beyond merely reshaping how music is distributed and experienced;its about revolutionizing the very essence of the music industry.With a focus on community,creativity,and connectivity,Gala MUSIC is not just a platform but a revolution,inviting everyone to participate in a more equitable,dyn
110、amic,and vibrant musical world.As we move forward,our commitment remains steadfast:to break down barriers,foster direct artist-fan interactions,and ensure artists have the freedom and support they need to thrive.By joining Gala MUSIC,youre not just witnessing a revolution;youre becoming an integral
111、part of it.Lets continue this journey,setting music free and celebrating its true spirit,one note,one artist,and one fan at a time.CChange logDecember 18th,2023 Version 2.7January 22nd,2024 Version 2.7 Added the Change Log feature to track ongoing changes Changing track pricing to reflect the self-service model to allow artists to set their own prices Expanded the Artist Daily segment to 10%of the non-curatorial entity distribution and removed the 5%monthly pool Updated Gala Music Whitepaper