The Corite CO platform aims to decentralize the music industry, by empowering artists and their fans. The $CO token will be used as a decentralized governance token to help holders empower artists and share the success.
Decentralized governance will enable $CO token holders to participate in decision-making processes related to the CO platform. Users can participate in the CO governance by initiating proposals and voting on the issues related to user incentive programs and the amounts of the rewards, artists eligible to set up crowdfunding fan campaigns, NFTs approval, and many others.
As a decentralized economic system, all the products’ value is reflected in the $CO token and the system is controlled through a Decentralized Autonomous Organization (DAO). The $CO token allows token holders to engage, invest and be a part of the CO Fan Power experience.
Corite CO is designed to be a decentralized fan-funding platform for artists and fans to monetize their social capital, discover the true potential of Fan Power and create stronger bonds within the music community. With that in mind, decentralized governance will become an important tool for all $CO token holders to co-create the future of the platform together. Over time, CO will become a community-driven platform with the DAO members collectively deciding on the platform priorities and developmental direction.