Good question. Yes, UFAN8 will earn those commissions on the lower side of that scale. UFAN8 is set up for performers to perform, build their followers and blossom; all while earning. The performers earn the super majority of those coins and tokens purchased within the UFAN8 platform. The UFAN8 token will be incorporated into the platform as a currency that will be bought, gifted, earned and redeemed. We can go 40% and on down as popularity of the performer increases.
Right now UFAN8 is open to all performers. We envision the best performers becoming more popular and rising to the top. When certain performers become larger Stars we will offer Artist Management services if desired by said performers.
Note: UFAN8 is an open platform for the performers to use for themselves. UFAN8 allows video performances, not only audio like some service platforms. UFAN8 does not own (or attempt to own) any performer's content, licenses or copyrights.
I hope some of these answers help.
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Woah...I'm wondering why the platform would charge 40%-50% in commissions to Ufan8 partners. This is not different from what the current music industry faces: intermediaries taking a big slice from the pie. No matter if is online streaming, youtube videos, ghost production, song writing, companies currently take 40 to 50 even up to 70% of the value the musician is producing. What are the standards or requirements for a musician to become an UFan8 partner? Needing to become a partner to be able to monetise in the platform is still utilising the business model that currently blockchain is disrupting and eliminating. Platforms like musicoin, dropd, singulardtv, dotblockchain, etc are completely eliminating the intermediaries, reducing commissions to zero, and letting the artists fully connect with their audiences and fully own their content, licenses and rights. The current business model simply doesn't work, is unfair to the musician and migrating it to the blockchain, will have serious complications.
I really want to know what's the value proposition to the musician behind charging 40% to 50% in commissions.
Good question. The team member will respond to you shortly.