Opulous (OPUL) is a decentralized finance platform that operates on a peer-to-peer basis and is supported by real-world assets. Its primary goal is to promote direct connections between artists and their fans through blockchain technology. Opulous is creating a new way for individuals to participate in the music industry by providing an ecosystem that is accessible to everyone.
The platform is built on Music Fungible Tokens (MFTs), which are blockchain-based tokens that enable music fans to engage directly with the success of the artist they support. With Opulous, fans can actively participate in the music industry, supporting their favorite artists while enjoying a sense of ownership in their success.
Opulous provides users with the ability to support their favorite artists by acquiring Music Fungible Tokens (MFTs), which can be traded at their discretion. The platform also permits users to stake OPUL tokens, granting them early access to MFT sales and other exclusive benefits. MFT holders may receive various types of compensation, some of which are based on the performance of the underlying song or album. These compensations can be tracked and withdrawn directly from the user's Opulous Dashboard by connecting their wallets.
Opulous aims to create an environment where music fans can directly support their favorite artists and engage with their success. By acquiring MFTs, fans can potentially receive compensation based on the performance of the artist's music. This system incentivizes the creation of new music and promotes growth in the music industry. Additionally, artists can garner support from the global community of music lovers on the platform, bringing them even closer to their fans. The platform also provides the ability to trade MFTs, allowing users to build a collection that generates music rewards.
OPUL has a total supply of 500,000,000. The current circulating supply of OPUL is 283,693,726.
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