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Coop
@coopahtroopa.eth
Stoked to debut CoopRecs.Fun 💽 A place where fans can be early to their favorite songs. 1B tokens per song. 3.1 ETH to graduate to Uniswap. Now live on the newly deployed Coop Protocol on @base 🔵 https://paragraph.xyz/@coopahtroopa.eth/cooprecsfun
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Coop
@coopahtroopa.eth
Coop Records started in Aug 2023 with the goal of bringing great music onchain. Today - we’ve onboarded 100+ artists and a catalog of 500 songs. A few months back, we debuted cooprecords.xyz - a home base to collect our songs and earn token rewards. This drove more than $1m in payouts to our artists but we saw the writing on the wall - open editions are great for directly supporting an artist, but lack a self-sustaining space to come together. That’s why we’re launching cooprecs.fun - a place where fans can be early to their favorite songs. We're debuting it with "I Just Need" by @danielallan x @lyrah - a song which has amassed 30m streams and changed both artists lives in 2024. https://warpcast.com/coopahtroopa.eth/0x95055042
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Coop
@coopahtroopa.eth
Every song has a supply of 1B tokens. During the presale, coins are sold on a bonding curve up until 3.1 ETH has been purchased. Once 80% of the coins are sold, a pool is automatically created on Uniswap using the remaining 20% of supply. For every transaction, a 1% swap fee is taken and distributed as follows: - Artist(s) - 50% - Curator - 25% - Coop Protocol - 25% Swap fees are how artists get paid from cooprecs.fun
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sika
@sika
The structure of this platform is truly fascinating! I think it's innovative how it provides tangible value to both artists and fans. I'm also impressed by how the swap fees are directly connected to supporting artists. I was really curious about Coop Records and wanted to learn more, so thank you for sharing such detailed information!
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