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            <title><![CDATA[Sonata Season 2 Guide: All About Staking]]></title>
            <link>https://paragraph.com/@sonata/sonata-season-2-guide-all-about-staking</link>
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            <pubDate>Thu, 08 Aug 2024 19:38:54 GMT</pubDate>
            <description><![CDATA[Sonata Season 2 introduced a whole new channel experience - our next step towards multiplayer music onchain.]]></description>
            <content:encoded><![CDATA[<p>Sonata Season 2 introduced a whole new channel experience - our next step towards multiplayer music onchain.</p><p>Among these changes was the addition of staking.</p><figure float="right" width="50%" data-type="figure" class="img-float-right" style="max-width: 50%;"><img src="https://storage.googleapis.com/papyrus_images/249830e88d035b71be97453c28b9681b.png" blurdataurl="data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAACAAAAAeCAIAAADCaIt+AAAACXBIWXMAABYlAAAWJQFJUiTwAAAFLklEQVR4nI1WIayjShQlWbXqiYomTSpWkCAQI0hGjJhkzCSIESMQCAQGgUAgxiAQCExFBWZNxRM1K2prKp6pqKmpQWAQNTUYBGZ+2ttlSd/b//8VTZkOPfeee+6ZMTDGhmG8vb0ZhnE4HLTWXddprff7vfEpOOfjd9d1tda3201rvVgsXnZ+//5dCKG1NpRShBBKaRRFt9tt+B1d18VxLIRgjAkhTNNECEVRtNls8jxfr9f7/V5rfb1eq6ra7/dlWW6326qqOOcIIcuyPM/b7XZ3AFgqikJr3f8OKIJSihDyfZ8xxjmPokg/ApLQWp/PZ4wx7Id1pRTGmFLqum4QBEaWZRhj13Vt257P53Vdw76+75umieOYc04IQQhRSoMgGDMY80jTtK5rKFpr7fs+59y2bcZYFEXGer3GGAshgiCQUlZVtdvtDodD13Vt2yqlGGNAoJQyjuMXgL7vkyRp2xZy6vs+DEP6CNd10zQ1iqKwbds0TcMwMMYIocViIYTo+77ruiiK5vM5FEsIiaJobBJQ1HWdEOJ6vULdXddRSi3Lsm2bEBLHsZHnOUJou93CjvET6k2SZD6fM8bKsoQqPwP4vg9agiKEEGmaAqt3gKIoOOdKqbZtp4Xfbre+79M0xRh7npdlmed5nynquk5KCRRBTnme+48AJCNNU8dxTNM8Ho+gIsiu7/u2bZMkwRgTQlzXxRh/SRHnHCiCnkdRZFmW7/tSynuTy7IkhIRhSAjxPG9aAWgOIcQ5l1ICRS/pg4oulwtUMAxD0zRBEECf7wBZljmOI6Usy/L9/b3ruilAWZYIofHfXygCgKIoRpkOw7Df70FIjDGllBHHMUJICLFaraYUwctZlr29vbmua1kWpTQMwylFwElRFE3TjOooikJKadu24zhJktxVBGYw8jht8nq9tm0bY2yaJoh1WsEwDNfrFd6dNpkQslwun4O2Wq1g0Ha73cfHB1A01ltVFcbY931CiJQySZLhU6Rp2rbt2OSiKIQQjuM8VRTH8Ww2k1ISQjjno89AOuphLEEQuI94mQP4x/V6PQUAWf748YNSep8DpZTrup7nUUqBCjBtmJ3j8TibzcCpOOdf9mAEGBejKAqCgHP+nGTOue/7kGOWZafTCcgdhuF8PjPGPM8Dir5UUVmWUxVdLpc4jsMw9H3/3uQ0TRljUkqEkFLqhaLz+SyECMPQNE3G2L9XAI/v7+9CiD9epJSaz+e+7y+Xy/l8bpom53zMrm1bx3HAfv9G0Wq1mgKA8OCkugPAoK1WK6VUWZZpmmZZdnvEMAx1XUN9hBAhxJcUbTabpmnGog+Hg3zEU0VgHeN5NH6B3U3TwNBblvU3iqaDNgr3zxzEcew4DhzLkMg4B/B+nueu67JHfAlQliUAwOPPnz+FEISQJ0UgW5iLqaGOAFVVjSp6GTTYsNlspj04HA5BEHie57ru3YuSJFkul5xzML/PAGVZcs7/D0Xw2DSNEALO8DtFRVE4jkMpJYR8fHx8Bvj16xdjDLzobyqaAtR1DW6KELrPQZZloBBCyG63g/maAhyPR6XUeOj/J8D1egVDfVIE56dt25ZlLRYLuK+NYwmhtT6dToyxL70oz/NRRbByuVyCIMAYPweNMTb67Xj7ALvuf4v9eDwCRf9y4Iwr+/0ezsHnoU8pPR6Pl8ulruumaYCcF4DT6eR5XpIknwGAoinAdruFq8KdIt/3v337Bpdf0zRns9l4BZ7ycDgcbNseCZz+lCTJ9D4IyjYMw7Ztz/P+AbFvPn8X3FCcAAAAAElFTkSuQmCC" nextheight="846" nextwidth="890" class="image-node embed"><figcaption htmlattributes="[object Object]" class="">Data from 8/8/24</figcaption></figure><p>Staking NOTES is a new way to bet on channels and earn upside in the growth and curation happening within each one.</p><p>Staked NOTES are one of four factors that affect channel rankings, the others being number of curators, songs casted, and channel balance.</p><p>Today, there are over 33,617,577 NOTES staked.</p><p>Using the Sonata API - you can see staking numbers in realtime.</p><p>Click <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.sonata.tips/api">here</a> to check it out!</p><hr><div class="relative header-and-anchor"><h3 id="h-what-is-staking">What is Staking?</h3></div><p>Staking allows you to bet on the future of a channel by locking NOTES in a specific channel in order to earn rewards.</p><p>In its current form, staking is instant. Stake NOTES to start earning when distributions are sent, and unstake at any time with no waiting period.</p><p>Your potential returns are based on two factors:</p><ul><li><p>Number of NOTES tipped in the channel</p></li><li><p>The percentage your stake is worth in the total pool</p></li></ul><p>Maximizing rewards will require close observation of channel metrics to ensure you are getting the most value per token staked.</p><hr><div class="relative header-and-anchor"><h3 id="h-what-are-the-benefits-of-staking">What Are The Benefits of Staking?</h3></div><p>Today, staking is available to every user by on each channel's page.</p><p>By staking your NOTES - you will be eligible to earn a pro-rata allocation of 50% of NOTES driven each time a distribution is made.</p><p>This distribution will also include 11,111 NOTES that we send equally to the top 10 Sonata supported channels. These distributions will happen at 12 UTC every Friday - giving stakers a clear way to earn.</p><p>Stakers do not need to claim or unstake their NOTES - these tokens will be sent directly to your address based on what percent of the total pool your stake represents, at the moment of distribution.</p><p>The more NOTES staked to your favorite channel, the more NOTES it earns each week.</p><p>Visit <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://sonata.tips">sonata.tips</a> to start staking today!</p><hr><p><em>*These numbers are subject to change in the future based on feedback and recommendation from the Sonata Council - a board made up of channel moderators of all sizes.</em></p>]]></content:encoded>
            <author>sonata@newsletter.paragraph.com (Sonata)</author>
            <category>cryptocurrency</category>
            <category>staking</category>
            <category>music</category>
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            <title><![CDATA[Sonata Season Two]]></title>
            <link>https://paragraph.com/@sonata/sonata-season-two</link>
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            <pubDate>Mon, 22 Jul 2024 00:00:00 GMT</pubDate>
            <description><![CDATA[The next chapter of music curation on Sonata.]]></description>
            <content:encoded><![CDATA[<p>Season two is focused on music channels and their communities.</p><p>We believe in an open future for music where curation is driven from the bottom up.</p><p>An open future in which communities around the world can create their cozy corners on the Internet and have the means to make them grow.&nbsp;</p><p>On which music platforms are built for composability, collaboration and community ownership, incentivizing the growth of a net new economy for the music industry.&nbsp;</p><p>A music platform that has similar characteristics to mycelium: a shared structure that allows other ecosystems to grow and thrive.&nbsp;</p><p>One which doesn’t impose taste, trends, or favors certain music or artists over others.&nbsp;</p><p>A place where music lovers from around the world can find a home to share their passion and discover music from every style, decade, country, and genre.</p><p><strong>Learnings from Existing Music Platforms</strong></p><p>Napster and The Pirate Bay were the last grassroots revolution in the music industry, empowering everyone to share and listen to music.</p><p>An initial wave of platforms emerged, most of which were shut down shortly after.</p><p>Only open P2P networks have persisted, remaining operational despite facing years of challenges.</p><p>Eventually, entrepreneurs decided to partner with the traditional music industry incumbents - giving birth to the current era of music streaming platforms like Spotify, Apple Music, SoundCloud, and Tidal.&nbsp;</p><p><strong>There are two models that have been successful in the post Napster era:</strong><br><br><strong>Royalty Based Streaming Platforms</strong></p><p>Companies like Spotify, Tidal, or Apple Music, which work closely with labels.&nbsp;</p><p><strong>User Generated Streaming Platforms</strong><br><br>Music platforms like SoundCloud, Bandcamp, or Audiomack were home to a new wave of original music and newborn artists and music communities.&nbsp;</p><p>SoundCloud and Audiomack eventually ended up partnering with big labels, and Bandcamp was acquired, showing once more how difficult it is to build a new kind of music platform that goes against their interests.&nbsp;</p><p>Both categories often rely on editorial playlists, AI, and user behavior algorithms for music curation, creating a reinforcing loop where most music gets buried beneath the algo.</p><p>This also negatively impacts artists worldwide, leading to decreased earnings and limited distribution opportunities.</p><p><strong>A third model which never fully scaled is: </strong></p><p><strong>Music Curation Platforms</strong><em><br></em><br>Websites like Hype Machine, ThisSongIsSick, and Indie Shuffle thrived during the blog era but eventually lost most of their activity.&nbsp;<br><br>They focused on curation and fostering music communities, streaming music via embedded players and music streaming platform APIs.</p><p>However, they didn’t have a platform model, and didn’t have the means to capture the value and sharing the value they were creating with their curators.</p><p>We will change how music discovery and curation work.</p><div class="relative header-and-anchor"><h3 id="h-sonatas-vision"><strong>Sonata’s Vision</strong></h3></div><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.sonata.tips/">Sonata</a> exists&nbsp;to create a shared economy around music curation and discovery.&nbsp;</p><p>Previous attempts failed because they didn’t adopt a platform approach, preventing those websites and curators from benefiting from the platform’s success and forcing them to rely on ads.&nbsp;</p><p>Crypto changes this.&nbsp;</p><p>By leveraging crypto we can build Sonata to be a new kind of music curation platform.</p><p>One that favors human curation and a diversity of styles, moving away from editorialism and sharing ownership with the Sonata community.&nbsp;</p><div class="relative header-and-anchor"><h3 id="h-sonata-season-two"><strong>Sonata Season Two</strong></h3></div><p>Season two is all about music channels and their communities.&nbsp;</p><p>Today we started quietly launching new features to make <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.sonata.tips/">Sonata</a> a place where everyone can share ownership in the economy we are creating through NOTES.</p><p>We want everyone to be able to use the NOTES they earn on Sonata as they will become increasingly more prevalent in the coming months...&nbsp;</p><p><strong>Music Channels&nbsp;</strong></p><p>Every <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.sonata.tips/channel/sonata">music channel on Sonata</a> now has their own address thanks to <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://warpcast.com/~/channel/privy">Privy</a>. </p><p>Although initially controlled by Sonata, channel addresses will be eventually transferred to channel moderators to manage them as they please.</p><p>We’re starting by routing 10% of any tips distributed within a channel back to the channel address. This is complimented by a weekly distribution of NOTES to the top channels - expected to go live before the end of the week.&nbsp;</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/bb48631d2c4fe6cd1c4f0169f93bc839.png" blurdataurl="data:image/png;base64,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" nextheight="395" nextwidth="973" class="image-node embed"><figcaption htmlattributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Eventually, channels will be able to reward their communities by using their treasuries to incentivize curation that aligns with their taste and ethos.</p><p>We have also rolled out a new UI for channels, featuring moderators, NOTES balance, top songs, and more.</p><p>Channel moderators will also receive a badge indicating the channel they are running.</p><p><strong>Sonata Council</strong><br><strong><br></strong>We've been reaching out to music channel moderators with the goal of creating a council to help us run Sonata.</p><p>We believe the only way for Sonata to thrive and become a global music curation platform is by building it together and sharing ownership with our community.</p><p>The Council will initially have two main functions:</p><p>1. Share feedback on the present and future of Sonata.</p><p>2. Help decide on the new music channels to be added.</p><p>All Council members will be rewarded with NOTES for their participation.</p><p>We are thrilled about the potential a lean, small, and fast Council can bring to Sonata.</p><p>If we haven’t reached out and you’re interested, please DM me <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://warpcast.com/sebas.eth"><u>here</u></a>.</p><p><strong>Collect Songs</strong></p><p>Today, all Sound and Zora songs shared on Sonata feature a <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://www.sonata.tips/cast/davyd-music/0x82c82caf"><strong>collect button</strong></a> that redirects you to the platform where you can collect the song.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/9a27c7f476992b8f21f4bf3a915e5da8.png" blurdataurl="data:image/png;base64,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" nextheight="219" nextwidth="742" class="image-node embed"><figcaption htmlattributes="[object Object]" class="hide-figcaption"></figcaption></figure><p><strong>Stake to Earn</strong></p><p>We enabled the option to stake your NOTES on channels to get rewards for supporting the music and communities that you love.</p><p>In today’s version of Sonata - the main function of NOTES is for tipping. We’ve had nearly 1500 users earn NOTES for sharing music.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/d01bb4c58b40a7f8e7a92e7190b05f03.png" blurdataurl="data:image/png;base64,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" nextheight="132" nextwidth="252" class="image-node embed"><figcaption htmlattributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>With channel staking - you can take those NOTES and stake them on the channels you are most passionate about. As those channels earn NOTES through 10% of tips and weekly distributions - stakers may be eligible for NOTES rewards based on how moderators decide to distribute them back to their community.</p><p>We will share more on "Staking" dynamics soon.</p><p><strong>NOTES Back</strong></p><p>We want to incentivize curators to distribute their full daily allowance. We will shortly roll out a NOTESback system, in which users are incentivized to distribute their NOTES and get 5% of their tips back to their account.&nbsp;</p><p><strong>Sonata Pro&nbsp;</strong><br><strong><br></strong>Sonata Pro is the premium subscription of Sonata built in partnership with Hypersub.<br><br>By purchasing <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://hypersub.withfabric.xyz/s/sonata-pro-67yrngu0y0ow">Sonata Pro</a> - you’ll unlock a custom badge next to your name and a boost on your daily allowance. The longer your subscribe - the more your daily allowance increases.</p><figure float="none" data-type="figure" class="img-center" style="max-width: null;"><img src="https://storage.googleapis.com/papyrus_images/5919c845fd801418d91f8e63c5838da1.png" blurdataurl="data:image/png;base64,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" nextheight="459" nextwidth="430" class="image-node embed"><figcaption htmlattributes="[object Object]" class=""><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://hypersub.withfabric.xyz/s/sonata-pro-67yrngu0y0ow">https://hypersub.withfabric.xyz/s/sonata-pro-67yrngu0y0ow</a></figcaption></figure><p>With Season Two - we’ll allow users to redeem their NOTES for a Sonata Pro subscription.</p><div class="relative header-and-anchor"><h3 id="h-closing-thoughts"><strong>Closing Thoughts</strong></h3></div><p>We are building Sonata to become one of the leading open music platforms of the future.</p><p>We believe that shared ownership, composability, and openness are key drivers in creating a new music economy powered by crypto rails.</p><p>We don’t see anyone as a competitor. Even if you’re competing with Sonata, we will find ways to collaborate, with the ultimate goal of creating vibrant new markets.</p><p>Sonata Season Two marks just the beginning of what we can achieve by fostering a new economy where every music lover, and eventually every artist, can benefit.</p><p>We invite music lovers from all over the world to come together to create a new way of discovering and sharing music.</p><p>Music is THE BEST.</p>]]></content:encoded>
            <author>sonata@newsletter.paragraph.com (sebas.eth)</author>
            <category>music</category>
            <category>cryptocurrency</category>
            <category>farcaster</category>
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            <title><![CDATA[Introducing Sonata]]></title>
            <link>https://paragraph.com/@sonata/introducing-sonata</link>
            <guid>u7iz9Et377wjPM7FZkNV</guid>
            <pubDate>Sat, 04 May 2024 20:38:20 GMT</pubDate>
            <description><![CDATA[Welcome to Sonata. The home for music on Farcaster.]]></description>
            <content:encoded><![CDATA[<p>Welcome to Sonata.</p><p>The home for music on Farcaster.</p><p>It’s powered by NOTES - our onchain points earned by sharing music and tipped by listeners.</p><p>Sonata aggregates music shared on Farcaster - layered with a new economics through tipping.</p><p>If you’ve ever shared a song from Spotify, Soundcloud or Sound on Farcaster - you likely have a NOTES allocation to claim at <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://sonata.tips">sonata.tips</a>.</p><p><em>Note: These allocations live on L3 and are not redeemable until the end of Season 1.&nbsp;</em></p><p>Here’s what you need to know.</p><hr><div class="relative header-and-anchor"><h3 id="h-what-is-sonata"><strong>What is Sonata?</strong></h3></div><p>Sonata is a client to share and upvote music on Farcaster.</p><p>Anyone can easily submit a link to a song on supported platforms.</p><figure float="none" width="439px" data-type="figure" class="img-center" style="max-width: 439px;"><a href="https://sonata.tips" target="_blank" rel="noopener noreferrer nofollow ugc" style="cursor: pointer;"><img src="https://storage.googleapis.com/papyrus_images/174a46041c8de13ca36b011de4286f25.png" class="image-node embed"></a><figcaption htmlattributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>The platform also automatically pulls any music that has been submitted across other Farcaster clients. Users earn a daily allowance which can be used to tip different songs they like - similar to DEGEN.</p><p>Under the hood - every upvote on Sonata is a like on Farcaster and vice versa.</p><p>This means if you like a song on Warpcast, Supercast, Nook or any client - it will register as an upvote on Sonata. And if you upvote a song on Sonata it will register as a like on those same clients. This same principle also applies to tipping - if you tip someone DEGEN on Sonata, it will leave a reply to that cast on Warpcast.</p><figure src="https://storage.googleapis.com/papyrus_images/429b732b7131e493bb395921bcd55d47.png" float="none" width="668px" data-type="figure" class="img-center" style="max-width: 668px;"><a href="https://sonata.tips" target="_blank" rel="noopener noreferrer nofollow ugc" style="cursor: pointer;"><img src="https://storage.googleapis.com/papyrus_images/429b732b7131e493bb395921bcd55d47.png" class="image-node embed"></a><figcaption htmlattributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>Sonata aggregates songs and puts them in a global Trending feed to give people a clear place to see what everyone is listening to.</p><hr><div class="relative header-and-anchor"><h3 id="h-what-are-notes"><strong>What are NOTES?</strong></h3></div><figure float="none" width="514px" data-type="figure" class="img-center" style="max-width: 514px;"><img src="https://storage.googleapis.com/papyrus_images/abf1333b1272bb459e3a2a0951cc196c.png" class="image-node embed"><figcaption htmlattributes="[object Object]" class="hide-figcaption"></figcaption></figure><p>NOTES are onchain points of Sonata launched as a Base L3 using Stack.</p><p>They are transferable but can not be redeemed outside of Sonata during Season 1.</p><p>At inception 150M NOTES are claimable by anyone who has shared a song across any Farcaster client from the following platforms:</p><ul><li><p>Soundcloud</p></li><li><p>Sound</p></li></ul><p>We’ve included an allocation to the Invest in Music community - including podcast collectors and grant recipients.</p><p>There are a total of 150M NOTES distributed to accounts who qualified - claimable on <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="http://sonata.tips">sonata.tips</a>.</p><p>The initial airdrop was calculated as a combination of the songs shared and likes generated by those songs.</p><p>The Genesis Airdrop will be available to claim for 90 days, after which the claim window will close and the points will be reissued at Sonata’s discretion.</p><p>Claim your NOTES by signing into Sonata and connecting to your Farcaster account.</p><p>Look for the “claim” button. NOTES will be assigned to the Verified Address associated with your Farcaster account. No gas or signature required.</p><figure float="none" width="100px" data-type="figure" class="img-center" style="max-width: 100px;"><a href="https://sonata.tips" target="_blank" rel="noopener noreferrer nofollow ugc" style="cursor: pointer;"><img src="https://storage.googleapis.com/papyrus_images/5371011aca81a27d53c1937804efd65d.png" class="image-node embed"></a><figcaption htmlattributes="[object Object]" class="hide-figcaption"></figcaption></figure><hr><div class="relative header-and-anchor"><h3 id="h-how-it-works"><strong>How it Works</strong></h3></div><p>Every like on Farcaster acts as an upvote. The more upvotes a song has, the higher it ranks in the feed.</p><p>Every upvote on Sonata counts as 10 NOTES. This comes in addition to a tipping model which allows users to tip in either NOTES or DEGEN.</p><p>The amount of likes + tips a song receives will play into the curator’s daily allowance.</p><p>These upvotes will power a Trending chart - where NOTES will be allocated on a recurring basis to songs which receive the most likes + tips each day.</p><p><strong><em>Daily Allowance</em></strong></p><p>Every curator on Sonata will receive a daily allowance of NOTES for sharing music on Farcaster.</p><p>This allowance will be registered in real-time - resetting every day at 10AM PST.</p><p>When a user tips NOTES - tokens are transferred from their account to the curator in real time, thanks to it being on an L3.</p><p>Unused NOTES do not roll over, and reset daily.</p><p>The daily allowance was modeled after DEGEN - and calculated based on the number of posts made, how early you posted a song and your average interactions.</p><p>We will constantly monitor the daily allowance to find the optimal system for our curators and users.</p><p><strong><em>Earn NOTES</em></strong></p><p>The best way to increase your daily allowance is to share music on Farcaster.</p><p>Users can also tip the Sonata account with DEGEN - and automatically have their account credited with NOTES. (shoutout Perl for inspiring this idea!)</p><hr><div class="relative header-and-anchor"><h3 id="h-notes-fair-launch"><strong>NOTES Fair Launch</strong></h3></div><p>The total supply of NOTES will be 1B tokens.</p><p>150M NOTES (or 15% of the total supply) are being retroactively allocated to all accounts who have submitted music on Farcaster or been a part of the Invest in Music community.</p><p>100M NOTES will be allocated in Season 1 which will run for 30 days as follows:</p><ul><li><p>75M NOTES to daily allowances</p></li><li><p>25M NOTES to trending tracks</p></li></ul><p>We expect to tweak and adjust the distribution of NOTES over the course of the first month - gearing towards an optimal model for Season 2.</p><p>In Season 2 - we hope to enable redemptions on Base, giving users the ability to freely trade their tokens.</p><p>We encourage users to share feedback on NOTES and help us inform the way they evolve in the coming months.</p><hr><div class="relative header-and-anchor"><h3 id="h-closing-thoughts"><strong>Closing Thoughts</strong></h3></div><p>Tipping good music is the core focus of Sonata.</p><p>We are heavily inspired by the social graph DEGEN has built on Farcaster and want to further push the envelope on real-time tipping and earning on Sonata.</p><p>We plan to support as many music platforms as possible - and are dedicating our resources to creating a Farcaster-native experience that authentically represents the songs that people are listening to everyday.</p><p>To share feedback on Sonata and notes - join the /sonata channel on Warpcast.</p><p>With love,</p><p>Sonata.</p>]]></content:encoded>
            <author>sonata@newsletter.paragraph.com (Sonata)</author>
            <category>music</category>
            <category>web3</category>
            <category>farcaster</category>
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