Community Revenue Sharing System and Decentralized Governance
Pine Muse global K-pop platform community
The Pine Muse platform community is a space where artists who provide contents to the platform, users who enjoy and vote for them, and service providers such as the platform and the ‘Co-ownership Node’ operators all participate as stakeholders of the platform and share the operating profits of the platform transparently according to their contribution.
All participants in the Pine Muse platform can be members of the community and can be rewarded according to the contribution to platform's growth.
Community revenue sharing system
Purpose of introduction
The community plays a pivotal role in the growth of the platform through organic interaction between participants. Until now, artists and users have contributed to the growth of the platform by providing or using contents in the platform. However, most of the platform's growth benefits went only to the platform operators while artists and users were not adequately rewarded despite their significant contribution to platform growth.
To solve this problem, Pine Muse intends to introduce a new concept of 'Web 3.0 Revenue Compensation System' in which all participants on the platform can be rewarded as much as they contribute to the Pine Muse ecosystem.
Each member of the community is rewarded according to their contribution to the growth of the platform. The higher the contribution, the more rewards are given, and the rewards are carried out in a token airdrop method. Each compensation standard is as follows, and the detailed operation plan will be announced later.
Compensation for remake audition participants and voters
The revenue generated from the 'Remake Rights NFT' issued when holding the audition will be compensated according to the contribution to participation in the audition as follows. A portion of the profits will be shared with audition participants within the top 30% of the audition rankings according to their contribution. A portion of the profits will be shared with those who vote for the audition contents according to their contribution. A portion of the profits will be shared with Pine Muse, etc., for copyright fee, platform operation, etc.
- Compensation based on the profits from neighboring rights of remake albums
Revenue from neighboring rights generated from the release of the remake album will be compensated as follows. A portion of the profits will be shared with copyright investors who provided remake rights. A portion of the profits will be shared with audition participants and voters for the month in which profits are generated according to their contribution. A portion of the profits will be shared with Pine Muse who provided platform services. A portion of the profits will be accumulated in the ‘Co-ownership Token Stabilization Fund.’
- Compensation based on Fandom NFT release
The sales revenue of ‘Fandom NFT’ that artists release will be compensated as follows. 80% of the profits will be paid to the artists who released the sold ‘Fandom NFT,’ and 20% will be paid to Pine Muse who provided platform services.
The ultimate goal that Pine Muse aims is an autonomous audition platform in which the Pine Muse community manages the platform. In the early stages of the platform, the Pine Muse ecosystem team plays an important role in providing stable audition platform services. However, as the Pine Muse community grows and achieves a higher level of decentralization, this role and authority as a platform operator is expected to be phased out.
The Pine Muse ecosystem team oversees the overall operation of the platform, including the development of the Pine Muse remake audition platform and the audition process. It will enter a new business area according to the ecosystem expansion plan prepared by the Pine Muse ecosystem team.
The Pine Muse ecosystem team will consult with the community about overall matters related to the platform operation such as the audition process, entry into new businesses to expand the ecosystem, etc.
The community organizes and conducts the overall matters of platform operation such as the audition process. The community can make various proposals to expand the ecosystem, and the Pine Muse ecosystem team receives the proposal and strives to expand the ecosystem.