Initial Song Offering

What is an ISO?

An ISO is an Initial Song Offering. An ISO enables the community and fanbase or an artist, producer, songwriter, etc. to offer shares of their music via 'dividend eligible' NFT's. Each NFT represents a predetermined % to the rights to the song.

Pre-launch includes

Post launch includes

ISO's are lioke the launchpoool NFT holders recieve tokens and when tokens are traded they act as we buy back all the tokens with the money from the song and then distibute that to the holders of the ISO

Those tokens can be used to trade for other tokens amd they can be cashed out

Let's take a look a typical release from an independent artist. The artist uploads their music via some type of music distributor. The distributor either changes a yearly fee to host the

Let's look at a typical yield farm, where they state an APY (annual percentage yield) as +100% for example. The traditional definition of APY is the real rate of return earned on an investment taking into account the effect of compounding earnings. Using this terminology would indicate that the yield farm was compounding earnings for you. That is simply not the case. A more applicable terminology to use would be APR (annual percentage rate), meaning the annual rate earned through an investment. By definition this would mean that your 100% yield farm would double your original investment at the end of year 1 without reinvesting any earnings. But what about if you reinvested that entire amount the next year and the year after that?

Understanding Exponential Growth (Compounding)

Growth whose rate becomes ever more rapid in proportion to the growing total number or size. The simple formula for this is growth = (1 + r)^x , where 'r' = return and 'x' = number of 'times'. For example, your money doubles every year if you get 100% yearly return. After 3 years you would have 8x your original investment.

growth = (1 + 100%)^3

Ok, so what REALLY is the APY?

A typical investment does not just pay out on a yearly basis, but in smaller terms (ie: daily, monthly, etc). For yield farming, returns are even paid out on a per block basis. With an average of 28,800 blocks a day and cheap transaction fees this can allow for a significant amount of exponential growth or compounding of your return. Let's look at how to break that down...

• Compound = P * (1+r/n)^nt Example : 100 * (1+1/12)^(12*1)

• P = principal or starting balance

• r = APR = 100%

• n = compounding periods = 12 months

• t = time = 1 year

• The simple APY calculation in excel can also be stated as =EFFECT(r, n)

Year 1 end would be 261 tokens or 161% APY versus 100% APR w/o compounding