Our Tokenomics

Open Source Music Creation and the Musiconomy We Are Building

The open-source movement has revolutionized the tech industry by emphasizing collaboration and sharing. This approach leads to faster output and higher quality work. OurSong aims to bring this same disruptive and beneficial impact to the music industry. By fostering collaboration, OurSong aims to drive the creation of more diverse and innovative music.

OurSong is a music co-creation platform and online music talent marketplace designed for music producers and singer-songwriters. We have harnessed the power of blockchain technology to create a seamless and enjoyable experience for music producers to upload their music content and allow others to build their work on top of it. The uploaded music works are turned into NFTs, providing a new level of ownership and control for musicians. Our platform provides a valuable resource for discovering new talent, building meaningful connections, and fostering creative collaborations. It also ensures that all parties are fairly compensated and credited for their contributions. With OurSong, musicians can focus on their creative process without worrying about legal matters, and music lovers can enjoy a new world of diverse and innovative music.

NFTs - The Key to Unlocking Collaboration

NFTs are not just collectibles, they are also tokens of pre-approved copyright licenses. This enables collectors to remix or build derivative works with the assurance that they have the necessary licenses. Musicians can specify the royalty split percentage they would like to receive from derivative works, removing the licensing and social barriers that make collaboration difficult.

Fair Compensation and Credit for All

We understand the importance of fair compensation and credit for all parties involved in music production. Our transparent royalty management system ensures that all collaborators are compensated fairly for their contributions. NFTs create immutable records of creative works and their ownership, guaranteeing that all parties are credited and compensated fairly for their contributions.

OUR Token

OUR token (OUR) is the community token for OurSong and other Our Happy Company apps. It is minted on the Ethereum blockchain using the ERC-20 standard, and the total supply will be capped at 1 billion OUR. Holders of OUR can participate in the governance of OurDAO, which makes decisions about the OUR token ecosystem.

Utitlities

OurSong: NFT & Music Co-creation Platform

Buy Exposures

Get more attention for your creative genius! With OurToken, you can put your stuff in front of more peeps and show the world what you've got.

Level Up Status

Upgrade your status and get all the perks! Just stake some OurToken and boom - you're a VIP with all the fancy bells and whistles.

OurSong University: Co-creation Community

Redeem a Student ID

Become a part of the club with your very own student ID! With OurToken, you can snag a one-of-a-kind NFT that proves you're a member of the cool kids' crew. Plus, there are tons of sweet bonuses just for the students.

Buy Courses & Tools

Score sweet deals on online workshops and masterclasses with the best producers in the biz! Just use OurToken to get your hands on discounted software and coupons, too.

OurSong Space: Virtual Space

Buy Premium Spaces

Snag a super rare virtual space NFT with OurToken! It's the ultimate way to show off your personal style and status to the world.

Unlock Features

Become a premium subscriber with OurToken! You'll get to increase your spaces and visitors limit, plus access to all sorts of advanced features.

DAO

OurDAO: Governance

Become a DAO member and have a say in how things run!

Propose and vote on OurDAO initiatives and help shape the future of the ecosystem. Be a part of building a real democracy with way fewer boring speeches.

Contribute And Earn

Rewarding contributions and engagement is a more sustainable way to build a strong and thriving community. Our "Contribute and Earn" model incentivizes members to work towards mutual benefits, rather than focusing solely on individual gain.

Give Shout & Heat up

To show appreciation and support for quality content and contributions, we have introduced "Shout" as a way for users to express their admiration and encouragement. Shouts can be given to NFTs, posts, messages, and other user-generated content, and can be earned through various social activities on our apps.

Heat Level is a measure of social status within our community, determined by the number of Shouts received. Each month, rewards will be distributed based on users' Heat Level increase, with the monthly total OUR reward distributed proportionally.

Each month: 100,000 OUR

Trade NFTs!

In addition to Shout and Heat Level, we also have a Marketplace Liquidity Mining program in place to encourage creators and collectors on our platform. From April 2021 to December 2022, 10 million OUR will be assigned to this program and distributed monthly to users in proportion to their monthly transactions. Each OurSong account will receive no more than 1% of the monthly reward, with the excess distributed evenly among all users who have made transactions within the month. After 2022, we will reassess the mining mechanism annually until all tokens have been fully distributed to the community.

Each month: 300,000 OUR

*For OurCoin holders - As a thank you for your support, we'll airdrop the same percentage of OUR tokens to you. If you prefer, you can also swap your OurCoin for USDC on Uniswap at original price.

Our DAO

The OurToken community runs the show with OurDAO, a decentralized organization supported by the OurToken ecosystem fund. Every OurToken holder is automatically a member of OurDAO and can have their say by submitting and voting on proposals based on how many tokens they hold. It's a self-governed system where everyone gets a voice.