SoundProtocol Token ($SOP)

SoundProtocol platform tokens (ticker $SOP) have three prongs of functionality within the protocol unlocked by staking:

• Security

• Feature access

• Governance

The initial issuance of 1 billion tokens will be followed by additional issuances based on ecological construction.

SOP tokens are staked as collateral for a valueadded services. In exchange, stakers earn ongoing issuance, governance weight and access to exclusive features.

SOP tokens are staked by node operators to run the SoundProtocol, and by artists and curators to unlock exclusive features and services. Any $SOP staked within the protocol is assigned governance weight, used to shape future iterations of the protocol.

SOP tokens will serve as collateral for artist-based tooling as well. Early examples incubated by the community include artists tokens, badges and earnings multipliers. In the future, fans may delegate tokens to specific artists and curators to share in their growth on the platform and the issuance of future tokens.

Node operators must stake SOP tokens to operate a discovery node or content node, with a larger stake correlating to a higher probability of being chosen by fan clients. Node operators receive direct upside from seeding in the form of $SOP and the possibility for future protocol fees for actively seeding the protocol.

A community goal, via governance, is to ensure that SOP tokens are always being funneled to the most value-added actors by using onchain metrics as a measurement, rather than simply to those staking the most tokens but not actively participating in the ecosystem.