Web3 Music Platform Sonorus: Redefining Music Discovery and Distribution Model

Sonorus is an innovative Web3 music platform aimed at redefining the way music discovery and distribution work through blockchain technology and NFTs. The platform offers music lovers a brand new way to participate by collecting and recommending their favorite songs to earn $RUS token rewards. At the same time, Sonorus also plans to provide a dedicated portal for musicians, enabling them to mint their works as NFTs, set streaming prices and distribution incentives, and view and withdraw NFT music streaming revenues in real-time.

Main Features and Characteristics of Sonorus

1. Music Launchpad: Artists can nominate their works to be included in the platform's catalog, but they must reach certain milestones to be successfully selected. This collaborative approach ensures the quality of music promotion while allowing successfully selected artists to begin earning revenue shares.

2. Decentralized Music Chart: Through a unique hotness score mechanism, Sonorus has created a dynamic and decentralized music ranking. This mechanism prioritizes genuine popularity and user engagement, rather than rankings determined by large companies or algorithms.

3. Fan-driven model: Sonorus empowers the community to influence music rankings, ensuring that the charts authentically reflect listener preferences. This fan-centric approach gives the platform a strong sense of populism, while also transforming Sonorus from a singular Web3 music platform into a comprehensive music social platform.

4. Decentralized System: Sonorus's system is based on the participation and preferences of actual users. It not only focuses on the number of plays of songs but also takes into account the level of investment and support from users, thereby achieving a more authentic and fair assessment mechanism.

Team and Collaboration

The Sonorus team consists of professionals from various fields such as music, technology, media, and finance, who possess rich experience and an innovative spirit. The platform has established partnerships with several well-known music platforms and institutions, including some mainstream music streaming services and record companies. In addition, Sonorus has collaborated with multiple blockchain and NFT-related projects and actively participates in social and environmental public welfare initiatives.

Community Engagement

Sonorus currently has over 200,000 Twitter followers and about 50,000 Discord users, with an average Twitter view count exceeding 10,000, demonstrating a high level of market activity. The platform initially focused on the Southeast Asian music market and later expanded to Europe and North America, where it now has a considerable user base.

Sustainability and Business Model

Sonorus evaluates the consensus of songs within the community through the Heat Rank system. The higher the ranking of a song, the more $RUS token rewards its supporters receive daily. Users can collect song-based Record NFTs and earn $RUS token revenue based on their collections. The platform also allows users to nominate their favorite songs to be added to the directory and Heat Rank.

For high-profile artists, Sonorus has launched a dedicated development program aimed at helping more talented artists gain promotion and rewards in the Web3 space. In the future, the platform is expected to evolve into a professional music financing platform.

Sonorus's revenue mainly comes from two channels: 10% of the price of each record release is allocated to the team, and a 5% transaction fee on record trades on the platform. This revenue structure aligns with the main business model of music platforms and has long-term stability.

Advantages and Challenges

Advantages:

• Focus on the "fan route" and empower fans with more rights
• Enhance the value of music works through NFT and token incentive mechanisms
• Promote community participation and governance through the DAO model
• Has social attributes, conducive to expanding influence and user base
• Has the potential to develop into a music financial services platform.

Challenge:

• Need to coordinate and compete with various parties in the traditional music industry.
• Continuous innovation and optimization of product services to adapt to market changes and user needs

Capital Support

Sonorus has attracted the attention of several well-known investors, including early Ethereum investor Hashkey, major Crypto World investor Mask, Southeast Asia's largest music label NCT, and renowned metaverse investor Y to Z. The involvement of these investors not only provides financial support to Sonorus but also enhances its influence and recognition in the Web2 and Web3 music worlds.

Token Economic Model

$RUS is the native token of the Sonorus ecosystem, generated through a daily yield mechanism, with no fixed total supply. The $RUS tokens are allocated to the founding team, investors, partners, music creators, consumers, and community contributors, while a reserve pool is established to support the development of the ecosystem.

$RUS can be used to access platform music services, participate in Heat Rank calculations and rewards, and vote on important platform matters.

In addition to $RUS, Sonorus has also issued the SNS token based on the DJ Node. SNS is the main network token of the ecosystem and will be listed on exchanges. DJ node holders can earn SNS rewards and share in the ecosystem's revenue. In contrast, RUS is primarily used within the application ecosystem, similar to a governance token.

In summary, Sonorus has a significant first-mover advantage in terms of traffic in the current market, with a clear monetization path, and strong capital backing provides assurance for the platform's long-term stable development. Based on the above factors, we give Sonorus a score of 3.5 out of 5.