Just like with experience points (XPs) in games, fans will be able to progress and earn rewards as they engage in artist missions and support music the like. The core of the Corite Fan Power system consists of “song shares” and “Fan Power”, which in turn determines your rewards and benefits.
Song shares - All backers who participate in fan campaigns receive song shares that correspond to the amount of investment they made in a particular artist. Those shares entitle backers to a portion of royalties after the song is released on music streaming platforms, such as Spotify, but also serve as a building block in the Corite Play to Earn system.
Fan Power - In parallel, fans can earn “Fan Power” tokens from participating in activities that help artists break through the marketing noise and engage with the community. It could be anything from reposting a fan campaign on your social media account to creating a playlist and voting for favorite songs or reviewing an album.
Examples of activities that could generate points:
- Number of artists supported
- Number of NFTs purchased or earned
- Completed fan missions
- Following artists on Spotify and other services
- Sharing music on social media
- Creating and sharing playlists
- Numbers of song reviewed