Tokenomics
NFT (MUSICIAN IP): The Future of Fan Economy
The entertainment industry is evolving, with digital technology and fan participation playing an increasingly vital role. NFTs (Non-Fungible Tokens) offer a groundbreaking economic model, creating new opportunities for both artists and fans.
At Red Slippers, we aim to integrate NFT ecosystems into the entertainment industry, revolutionizing the way fans engage with and support their favorite artists.
Why Do NFTs Matter?
NFTs go beyond simple digital assets—they serve as a bridge between fans, artists, and capital.
Key Participants in the NFT Ecosystem
1️⃣ Financial Investors 💰
Purchase NFTs for ecosystem rewards and potential resale value appreciation.
NFT value grows alongside an artist’s success.
2️⃣ Fandoms 🎤
Support their favorite musicians while earning rewards for engagement.
Participate in NFT-based voting to influence an artist’s career decisions.
3️⃣ Sustainable Revenue Models 🔄
Beyond revenue sharing, NFTs provide additional value through membership perks and governance rights.
NFT resales create new economic opportunities within the market.
Core Features of the NFT Ecosystem
🔥 VOTING – Shaping the Artist’s Future
Fans directly impact decision-making in an artist’s career.
Traditional agency-controlled decisions shift to community-driven participation.
Fans help co-create musician IP, transforming passive fandom into active ownership.
💰 FUNDING – Empowering Fan Investment
NFT sales fund artist projects, with capital flowing directly to agencies.
Fans actively contribute to the success of their favorite musicians.
📈 CLAIM – Revenue Sharing for NFT Holders
A portion of the artist’s earnings is stored in a treasury fund and distributed to NFT holders.
Fans become financial stakeholders, benefiting from an artist’s success.
🎟 MEMBERSHIP – Exclusive Perks & Fan Experiences
NFT ownership unlocks special access to concerts, events, and digital experiences.
Only NFT holders receive VIP privileges, further strengthening fan loyalty.
The Future of Fan Economy with NFTs
NFTs are more than digital collectibles—they establish a new financial and participatory model where:
✅ Fans support, engage, and profit alongside their favorite artists.
✅ Artists gain decentralized funding and stronger fan loyalty.
✅ The entertainment industry becomes transparent, fair, and community-driven.
At Red Slippers, we are building an ecosystem where fandoms no longer just consume music—they become true partners in an artist’s journey. 🎵🚀
TOKEN (STARGLOW)
StarGlow Token ($SGT)
The StarGlow Token is the core asset of the StarGlow ecosystem, facilitating interactions between fans and artists in various ways while supporting the ecosystem's operations. The total supply and distribution ratio of the token are as follows:
total : 1,000,000,000
How StarGlow Token Works
$SGT as the Core Asset of the Ecosystem
$SGT serves as the key asset within the StarGlow ecosystem, facilitating various interactions between artists and fans on the platform.
How to Earn $SGT
Purchase from Exchanges
Fans can acquire StarGlow Tokens by purchasing them directly from external exchanges.
Perform Meaningful Actions
Tokens are rewarded when users engage in promotional activities or complete specific tasks set by artists.
Examples include streaming new songs, sharing content on social media, participating in events, and other activities that contribute to an artist’s success.
Voting Participation Rewards
Fans receive tokens for participating in voting activities that reflect the fandom’s collective decisions.
NFT Purchase Rewards
Buying NFTs grants additional StarGlow Tokens as a reward.
Staking
Users can lock up $SGT through staking to earn additional $SGT as rewards.
Additional benefits may be provided to users who participate in staking.
Use Cases of $SGT
Selling on Exchanges
Fans can sell their tokens on exchanges to realize profits.
NFT Payments
$SGT can be used to purchase NFTs related to artists.
Special discounts may be provided for NFT purchases made with $SGT, or certain NFTs may be exclusively available for purchase with $SGT, driving demand.
Supporting Fandom Activities
Tokens can be used to incentivize specific actions that agencies or artists aim to promote.
Tokens used in these activities will be burned.
Voting Participation Fees
Tokens are required to participate in important decision-making votes related to artists.
Tokens used for voting will be burned.
Liquidity Management in the StarGlow Ecosystem
To ensure sustainable rewards for both fans and artists, StarGlow efficiently manages token liquidity.
NFT Purchases and Token Payment Discounts
Discounts are provided when users pay for NFTs using StarGlow Tokens.
The discount rate is adjusted based on market conditions to enhance token usability and regulate liquidity.
NFT Revenue Distribution
StarGlow Tokens are distributed as revenue shares to NFT holders.
The token issuance amount is controlled to maintain a balance between token supply and market demand.
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