Song Tokens
When trading is enabled, songs become fractionally ownable via ERC-20 tokens.
Token Economics
| Allocation | Amount | Percentage |
|---|---|---|
| Creator | 80,000 | 80% |
| Uniswap Pool | 20,000 | 20% |
| Total | 100,000 | 100% |
How It Works
1. Enable Trading
Creator clicks "Enable Trading" on their song.
2. NFT Locked
The NFT is permanently transferred to SongVault.
3. Tokens Minted
SongToken contract mints 100,000 tokens:
- 80,000 sent to creator
- 20,000 sent to Uniswap V4 pool
4. Trading Begins
Anyone can now buy/sell song tokens on Uniswap.
Price Discovery
Initial pool is single-sided (0 ETH + 20,000 tokens).
- First buyer sets initial price
- Price increases as ETH enters pool
- Ad revenue adds ETH via
donate()
Benefits
- Creators retain 80% ownership
- Fans can invest in songs they believe in
- Ad revenue benefits all token holders