What is OPUL token?
OPUL is the payment token of Opulous Music Platform.
What is OPUL token used for?
- Transaction fees
What is Opulous?
Opulous is the first blockchain platform for copyright-backed NFTs of music. It features minting, selling, royalties and even loans backed by future royalties.
How does Opulous work?
The NFTs of Opulous will be minted on Ethereum for liquidity and users. Opulous will collect and distribute royalties earned through Spotify and Apple Music to holders of the NFTs.
Musicians mint and sell NFTs of their songs on the NFT exchange.
- The owner of the NFT and the musician earns royalties from song.
DeFi
The DeFi smart contracts of Opulous are being built on Algorand blockchain.
- Fans and investors can stake crypto and NFTs.
- Musicians can borrow against the future earning potential of these staked assets.
Launchpad
The platform features an NFT launchpad for upcoming musicians and for users to invest in them.
DEX
Opulous will release a decentralized exchange where users can trade NFTs.
OPUL tokenomics
Total supply: 500 000 000
Distribution
- 10% – Seed sale
- 4.4% – Strategic sale
- 9.6% – Private sale
- 1.4% – Private sale 2
- 3.6 % – Seed sho
- 0.8 % – Seed sho 2
- 12.5% – Team
- 5% – Advisors
- 17.5% – Liquidity
- 17.5% – Ecosystem
- 17.5% – Foundation reserve
Sale prices
- Seed: $0.03
- Strategic: $0.05
- Private: $0.05
- Private 2: $0.05
- Seed Sho: $0.05
- Seed Sho 2: $0.05
Docs
Similar projects
- AUDIO
- ROCKI
OPUL token price
