L2E - LISTEN TO EARN

Details about Choruz's Listen to Earn Program ( L2E )

Overview

The Listen-to-Earn (L2E) program is a cornerstone of our platform’s mission to reward users for their engagement and contributions. By leveraging blockchain technology and tokenomics, L2E enables listeners to earn rewards for their activity, fostering a vibrant and participatory ecosystem.

L2E not only incentivizes user growth but also aligns the interests of listeners, creators, and token holders, creating a self-sustaining ecosystem where everyone benefits.

Core Features of L2E

1. Tokenized Listening Rewards:

   1. Users earn $CHORUZ for listening to music on the platform, with rewards proportional to their activity and engagement.

   2. Rewards are distributed dynamically, based on time spent listening, playlist interaction, and user tier.

2. Gamification Elements:

   1. Daily listening challenges, streak rewards, and milestone bonuses.

   2. Leaderboards to rank top listeners, with exclusive rewards for top-tier participants.

3. Custom Playlists:

   1. Users can earn additional rewards by creating and sharing playlists that gain traction in the community.

4. Exclusive NFT Perks:

   1. Special NFTs tied to L2E achievements that grant benefits like higher rewards, premium access, or platform credits.

L2E Mechanics ( Draft )

1. Earning Metrics:

   1. Base Rewards: Earned for listening to music (TBD: X tokens per hour of active engagement).

   2. Engagement Bonuses: Extra tokens for liking, sharing, and rating tracks, albums and playlists

   3. Content Discovery: Incentives for exploring new artists or genres.

2. Reward Pools:

   1. Funded by platform revenue streams, including subscription fees, ad revenue, and NFT marketplace fees.

   2. Allocations ensure sustainability, with a cap on daily rewards to prevent inflation.

3. Tiered Rewards:

   1. Users are categorized into tiers ( Free, Basic, Premium, Platinum and VIP levels) based on their Subscription levels.

   2. Higher tiers unlock increased rewards, early access to new features, and premium benefits.

4. Anti-Cheating Mechanisms:

   1. Rewards are tied to meaningful engagement to prevent exploitation through bots or passive listening.

   2. AI algorithms will be used to detect cheating and ban users.

Revenue-Driven Redistribution

To maintain token scarcity and ensure long-term sustainability, L2E rewards are tied to platform revenue:

1. Revenue Sources:

   1. Subscriptions: A percentage of premium plan subscription fees goes to the reward pool.

   2. Ad Revenue: Non-intrusive ads for free users contribute to L2E funding

   3. NFT Marketplace Fees: Transaction fees are partially allocated to the reward pool.

   4. Artist Promotions: Fees from artists promoting their music fund additional rewards.

2. Redistribution Model:

   1. 40% Listener Rewards: Distributed to users based on engagement metrics.

   2. 30% Creator Rewards: Rewarded to artists whose content generates the most engagement.

   3. 20% Platform Growth Fund: Used for marketing, development, and partnerships.

   4. 10% Treasury: Reserved for governance and future development initiatives.

Economic Impact

1. Token Scarcity:

   1. A portion of the token rewards is burned periodically, reducing supply and driving up value.

   2. Users can stake earned tokens to their multiply rewards, further decreasing circulating supply.

2. Platform Credits:

   1. To preserve token allocation, part of the L2E rewards will be offered as platform credits, redeemable for premium features, NFT purchases, or exclusive content.

3. Increased Token Utility:

   1. Tokens earned through L2E can be used for governance, staking, or accessing platform features, ensuring continuous demand.

L2E and Community Building

1. Social Engagement:

   1. Users who share playlists or promote content on social media earn additional rewards, driving community growth.

2. Collaborative Playlists:

   1. Introduce community-curated playlists where rewards are shared among contributors based on their track contributions.

3. DAO Integration:

   1. Users of Premium plan and above can vote on adjustments to the L2E model, such as reward rates, new features, or funding allocations.

Projected Impact of L2E

1. User Growth:

   1. L2E attracts a broad audience, from music enthusiasts to Web3 users, driving platform adoption.

2. Creator Empowerment:

   1. By tying listener rewards to artist engagement, L2E encourages support for independent creators.

3. Token Value Appreciation:

   1. Increased token demand and reduced supply create long-term value for token holders.

Roadmap for L2E Development

• Beta Launch (Q2, 2025):

  • Basic L2E features with time-based rewards.

  • User feedback for improvements.

• Advanced Metrics (Q3, 2025):

  • Engagement-based rewards, gamification, and tier systems.

  • Integration with NFTs and platform credits.

• Full L2E Rollout (Q4, 2025):

  • Rewards to include social engagement and collaborative playlists.

  • Global adoption and multilingual support.