What is Opulous (OPUL)?
Opulous is a project born to bring DeFi into the music industry, provide the first launchpad for NFTs backed by music copyright, and provide loans to artists, this option will change how artists access the capital they need.
Opulous Music NFTs are a new form of Non-Fungible Token that offers buyers a share of future royalty income from songs and exclusive rewards in exchange for social media support.
Peer-to-peer DeFi loans will again drop the role of traditional banks, middlemen and big brands, allowing artists to access predictable royalty-based cash upfront without they created in 12 months.
What products does Opulous bring to users?
Opulous has 3 main functions:
- NFT Launchpad
- NFT Exchange
- DeFi Loans
NFT Launchpad (NFT Release Platform)
Opulous is the first platform to launch NFT combined with music copyright. Unlike other NFTs, the Opulous token offers buyers a share in the future royalty income of the musical work along with exclusive rewards and fan experiences.
These groundbreaking NFTs will generate monthly royalty revenue and increase in value as an artist’s career develops. Fans and investors will not only receive royalties, but will also be able to unlock other exclusive rewards, such as backstage tickets, performance tickets and other merchandise, simply by sharing music on social media. NFT holders can also monitor and withdraw their earnings directly from an Opulous account. In addition, NFTs will be able to trade on the NFT Opulous Exchange in the near future.
NFT Exchange (NFT Exchange)
NFT exchange Opulous creates a new music-based sharing economy where anyone can buy and trade music copyright-backed NFTs for a share of the royalties generated.
For example, a music fan might find an underrated song they know will become more popular over time. They can purchase it as an NFT on the Opulous platform, which will support an artist from the very beginning of their career and earn increasing rewards as the track becomes more valuable while also becoming more popular. Out.
DeFi Loans (Opulous Lending Platform)
Opulous introduces low-risk DeFi loans backed by real-world music assets and future royalties.
Despite earning a steady royalty income, too many artists are turned away by traditional banks or forced to deal with major music companies in ways that are unfair to the artists themselves. With Opulous, musicians can fund new projects with a DeFi loan equal to the royalty value they generate over 12 months.
On the other hand, investors can stake their crypto assets on the platform to generate high returns. Unlike most DeFi platforms, Opulous loans are always backed by predictable musical assets checked by a team of experts, which greatly reduces the risk of investing.
Compare Opulous with competitors cạnh
Opulous is a music industry first, with no direct competitors and only a handful of projects co-operating in the music industry. Unlike most other blockchain projects, Opulous is based on real-world musical assets with stable and predictable value.
OPUL tokens can be used to receive special discounts across the entire platform, and token holders will also have exclusive access to major NFT sales.
Additionally, Opulous’s partnership with Ditto Music will also bring the platform to over 500k musicians globally.
Where does Opulous’s revenue come from?
- Interest on loans.
- Brand sponsorships and deals.
- Royalties have not been received from the buyer (after 5 years).
- Commission fees from all pedestal sales on NFT launchpad.
- Part of the transaction fee from sales on NFT launchpad.
- Trading fees on the NFT exchange.
Basic information about OPUL token
- Token Name: Opulous
- Ticker: OPUL
- Blockchain: Ethereum, Algorand
- Token Standard: ERC-20
- Contract: Updating
- Token Type: Utility
- Total Supply: 500,000,000 OPUL
- Circulating Supply: Updating
Token Allocation
- Seed Sale: ten%
- Strategic Sales: 4.4%
- Private Sale: 9.6%
- Private Sale 2: 1.4%
- SEED SHO (Round 1): 3.6%
- SEED SHO (Round 2): 0.8%
- Team: 12.5%
- Advisors and partners: 5%
- Liquidity Pool: 17.5%
- Ecosystem: 17.5%
- Reserves : 17.7%
Token Release Schedule
What is OPUL token used for?
- Transaction fees in the platform.
- Payment of loans.
- Staking to get rewards.
- NFT casting.
OPUL token storage wallet
OPUL is an ERC20 token, so you will have a lot of wallet options to store this token. You can choose from the following wallets:
- Floor wallet
- Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 wallet
- Cold wallets: Ledger, Trezor
How to earn and own OPUL token
Updating
Where to buy and sell OPUL tokens?
Join SHO on DAO Maker platform.
Roadmap
Q2 2021
- Opening the first Music NFT sale
- SHO & token list on exchanges
Q3 2021
- Launch royalties and rewards payment function
- Development of the NFT . exchange
Q4 2021
- Launch DeFi Component
Q1 2022
- Launch of Music exchange NFT
Opulous . project development team and advisor
Investors and partners
What is the future of the Opulous project, should I invest in OPUL token?
Opulous is an NFT project associated with the potential music industry. Opulous allows musicians to receive royalties from their works, as well as support musicians in case they do not have enough money to perfect their works. Through the NFTs on the Opulous platform, NFT fans and investors can also receive a portion of their NFT royalties. Another factor of interest is that the partnership with Ditto Music also brings the platform some 500,000 musicians, which will give the platform an endless source of creativity. Through this article, you must have somewhat grasped the basic information about the project to make your own investment decisions. Coinlive is not responsible for any of your investment decisions. Wish you success and make a lot of profit from this potential market.