Opulous, TrustSwap bring Music NFTs and DeFi loans

Share Article

Share on facebook
Share on twitter
Share on reddit
Opulous is world's first platform bringing Decentralized Finance to the music industry.It's a launchpad for the first copyright-backed Music NFTs, DeFi loans

Opulous is set to collaborate with TrustSwap for their upcoming ASA $OPUL token offering on June 30th 2021 starting at 9:00 AM PST.

OPULOUS is the world’s first platform bringing Decentralized Finance to the music industry. The project will provide a launchpad for the first copyright-backed Music NFTs, as well as DeFi loans that would change the way artists access funding.

The platform will offer users the option of choosing Ethereum or Algorand as a blockchain for their tokens. In conjunction with Algorand, Opulous is building a bridge that will facilitate transfers between the two blockchains.

Meanwhile, partnerships and agreements are being established with major exchanges to support their multichain ETH/ASA $OPUL token. Users will be able to deposit ETH tokens, then withdraw ASA tokens, and vice versa.

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

The Opulous platform has three main functions:

  • NFT Launchpad
  • NFT Exchange
  • DeFi Loans

Opulous Music NFTs are a new form of Non-Fungible Token that entitles holders to a share of a song’s future royalty earnings, and other exclusive rewards, in exchange for social media support.

Opulous peer-to-peer DeFi loans cut out traditional banks, middle-men, and major labels, allowing artists to access up-front cash based on the predictable royalties they generate over 12 months.

The Opulous Ecosystem

NFT Launchpad

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous is the first platform to launch copyright-backed Music NFTs. Unlike other NFTs, Opulous tokens offer holders a share in the music’s future royalty earnings alongside exclusive rewards and fan experiences.

Whoever owns these groundbreaking NFTs will get paid every time the song is played on Spotify and other major music services. That also means their value can increase as an artist’s career progresses.

Fans and investors will not only receive royalty payments, but also be able to unlock other exclusive rewards such as backstage passes, gig tickets, and merchandise, simply by sharing the music on social media.

NFT owners can also track and withdraw their earnings directly from their Opulous account and trade their NFTs on the upcoming Opulous NFT Exchange.

NFT Exchange

The Opulous NFT Exchange creates a new sharing economy based on music where anyone can buy and trade copyright-backed Music NFTs to earn a share of the royalties generated.

For example, a music fan could find an underrated song they know is going to become more popular over time.

They can buy it as an Opulous NFT, support an upcoming artist right from the start of their career and earn ever-increasing rewards as the track becomes more valuable while gaining popularity.

DeFi Loans

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous offers low-risk DeFi loans backed by real-world music assets and future royalties.

Despite earning a stable royalty income, too many artists are turned away by traditional banks or forced into unfair deals with major labels.

By evaluating an artist’s royalty reports from previous years, Opulous can accurately predict how much money the artist will generate over the next 12 months and offer this amount as a loan.

On the other side, investors can stake their crypto assets on the platform to generate high returns. Unlike most DeFi platforms, Opulous loans are always backed by predictable music assets vetted by the expert team, which greatly reduces risk on investment. In order to avoid loan defaults, Opulous will hold the copyrights used as collateral until the full amount is paid back.

Token Economy

Transactions within Opulous will use the platform’s native $OPUL token, which has a fixed supply and can be purchased through multiple decentralized and centralized exchanges. Users will also be able to purchase NFTs directly using credit or debit cards.

Users can stake $OPUL tokens in high-interest lending pools. Token holders will also receive special discounts on certain transactions as well as exclusive access to NFT drops from major artists.

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous Team and Advisors

Opulous has attracted a senior team and board of expert advisors from across the music and crypto worlds.

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Opulous(OPUL) Token Offering Details

Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

$OPUL – Secure Launch Process

To guarantee a smooth and secure launch, Opulous has agreed to:

  1. Have their domain fully SSL certified one week prior to the presale date.
  2. Have their domain protected by Cloudflare and share proof with TrustSwap one week prior to the presale date.
  3. Disclose the vesting schedule of all tokens, including team, strategic investors, private presale, influencers, etc.
  4. Add no less than $200,000 liquidity on DEX immediately upon listing.
  5. Distribute tokens to launchpad participants within one hour of DEX listing using multisend.io.
  6. Lock liquidity within 3 hours of listing for no less than 60 days at http://team.finance/.
  7. Provide the timeline for token distributions, and distribute tokens within a one hour window of the agreed upon time.
  8. Have at least one community moderator on each social platform (Discord, Telegram, etc.) actively available 24 hours a day for the first 7 days following the launch on DEX.

OPUL tokens – Participation and Allocation 

Anyone can apply to participate in the $OPUL token offering as long as they’re eligible in their given territory, including those outside the TrustSwap ecosystem. However, application does not guarantee an allocation.

If the $OPUL token offering is over-subscribed priority will be given to the TrustSwap community as follows:

  • Anyone with over 4,000 SWAP staked or a SwapScore over 2500 when the launch begins (Snapshot is at 9 AM PST on June 30th, 2021) will be given a guaranteed allocation based on the tiers in the table below.
Opulous OPUL TrustSwap Rand Labs R3 DITTO ALGORAND SOMESING BASIC TRUSTVERSE MUSIC NFT Music DeFi Loans

Step-By-Step Guide

1. Between 9 am PST of June 30th, 2021 and 9 am PST of July 1st, go to https://dashboard.trustswap.org/app/launchpads

2. Complete the necessary steps and verify your identity.

3. The portal will close once 24 hours have elapsed. There will be a waiting period of up to 48 hours as the Opulous team finalizes internal processes.

4. If your application is successful, you will receive an email indicating how much you are able to contribute to the token offering. You will have 24 hours to send the funds or your position will be given to the others.

What Should I Do to Prepare for the Opulous ($OPUL) token Offering?

Based on the requirements set for a guaranteed allocation, stake your $SWAP tokens here before the deadline mentioned above.

Take a photo of your government issued ID card (Passport, Drivers License, or any other form of government issued ID card that has your photo in it).

Take a selfie of yourself holding the ID card along with a note that reads: “Opulous 30th June 2021”.

Submit your details and documents at any point during the 24 hours window at https://launchpad.trustswap.org/.

Where Can I Learn More About Opulous (OPUL)?

Website: https://opulous.org/

Medium: https://opulous.medium.com/

Telegram : https://t.me/opulousapp

Twitter: https://twitter.com/opulousapp

Reddit: https://reddit.com/r/opulous

Who Can Participate in Opulous token sale?

Anyone not domiciled in the USA or UN sanctioned countries can participate in the Opulous token sale.

*The eligible countries list is selected by Opulous . If your country is not listed, this does not mean you are ineligible for future TrustSwap Launchpad projects.

** Launchpad dates are subject to change. This is not an endorsement, partnership or an offer for investment by TrustSwap. Opulous is using the TrustSwap Launchpad as a customer, with specific requests as to how they need their launch to operate. TrustSwap is a provider of non-custodial, smart-contract-based software services. Digital assets carry a high level of risk. Participation is performed at your own risk. Exercise caution and conduct your own due diligence.

Via this site

You may also like

Trustswap SaveTheWorld

TrustSwap and SaveTheWorld Partner to boost Donations for Eden Reforestation Project

Cryptocurrencies are often blamed for significant environmental damage, no matter the progress already being made in that sphere. Making the world a greener place hasn’t been a once-in-a-while shot for TrustSwap but rather a continuous, evergreen effort. Our partnership with the Eden Reforestation Project has been one of the ways to support this cause.

Eden Reforestation Projects is a 501(c)3 non-profit organization that began operations in 2005 with a simple mission: Plant Trees. Save Lives.

Eden has developed an efficient model for reforestation with nurseries set up in Madagascar, Haiti, Nepal, Indonesia, Mozambique, Kenya, Nicaragua, and Honduras and planted more than 500 million trees across its project nations with approximately 20 million trees added each month!

They achieve this by using the contributions received to open nurseries in deforested regions and pay impoverished communities a living wage to plant seedlings of native trees and nurse them to maturity (~10 years). This synergistic cycle helps nurture and revive both the forests and the communities that depend on them.

Today we are delighted to announce a new level of support for Eden. Every month, the SaveTheWorld project will host a charity livestream for Eden and donate BNB on behalf of TrustSwap to the Eden Reforestation Project. With a cost of only ten cents per tree, we are assuring an on-going endeavor to continually plant trees and raise them to full maturity while also employing people in developing areas. The deal is being inked for the next twelve months and we can’t wait to report the number of trees planted by this time next year!

Click here to watch Jeff’s interview with the SaveTheWorld team and the first donation of 6 BNB

SaveTheWorld ($SAVE) is a hyper-deflationary charity token that allows for frictionless rewards while taxing and generating fees per transaction. For each transaction, a 10% tax is charged. 2% will be distributed amongst SaveTheWorld token holders providing frictionless yield rewards and the remaining 8% goes to liquidity.

50% of liquidity generated will be removed each day with 100% of the $BNB going to charity and 100% of the $SAVE tokens burned forever. SaveTheWorld is using a Gnosis Multi-Signature Wallet to handle the donations in a transparent way.

Please read more about Eden Reforestation Project and learn how you can get involved or donate directly at: https://edenprojects.org/.

To know more about the SaveTheWorld charity initiative powered by the $SAVE token, visit savetheworld.health.

Via this site

Yieldly Algorand Trustswap

Yieldly on the TrustSwap Launchpad using Algorand Proof-of-Stake Protocol

TrustSwap, a full-service digital asset ecosystem, launched Yieldly, the world’s first IDO on Algorand. With Yieldly’s staking and no-loss lottery solution, future projects will be able to build on top of the Algorand blockchain and unlock greater liquidity and token utility.

Yieldly’s bridge products and AMM/DEX are expected to open the Algorand ecosystem for many use cases that are currently booming on other blockchains such as yield farming, NFT distribution, and social rewards systems. Their top-tier partners including Borderless Capital, Longhash Capital, and CMS Holdings share a vision of Yieldly becoming a Top-10 product in the DeFi space.

Algorithmic Randomness (ALGORAND) based on Proof-of-Stake (PoS)

Algorand Proof-of-Stake PoS protocol Yieldly

Algorand is the first blockchain to provide immediate transaction finality. ALGORAND, which is short for Algorithmic Randomness, is used to select, based on the ledger constructed so far, a set of verifiers who supervise constructing the next block of valid transactions.

Unlike prior implementations based on Proof-of-Work, Algorand requires a negligible amount of computation and generates a transaction history that will not “fork” with overwhelmingly high probability (one in a trillion, that is, or even 10¹⁸). Further on, the reward for computing a new block on a Proof-of-work network such as Bitcoin with an ordinary computer exceeds the expected cost of electricity.

The public version of the Algorand blockchain is designed to enable other developers to create new kinds of applications fueled by cryptocurrency.

The project is already getting acknowledged by large-scale initiatives. SIAE, one of the largest rights management companies, founded in 1882, has recently launched 4 Million NFTs on Algorand, representing the rights of nearly 100,000 creators.

Advantage of Algorand’s Consensus Protocol

Unlike proof-of-work protocols like Bitcoin, Algorand’s consensus protocol does not require participants to solve cryptographic puzzles to propose or validate blocks.

As a result, Algorand’s consensus protocol can scale to millions of users and sustain a high transaction rate, without incurring significant costs to participating users. Consensus on a block is reached in parallel with the block being propagated to the network, which normally happens in a few seconds.

Trading and holding funds on the Algorand network

To trade on the Algorand network and access Yieldly’s YLDY tokens, one will need an Algorand wallet funded with ALGO for transaction fees. Yieldly investors can hold their $YLDY tokens inside MyAlgoWallet, the official wallet for Yieldly.

MyAlgoWallet is a dedicated Algorand blockchain wallet that holds private key access to YLDY and other ASA (Algorand Standard Assets, comparable to ERC20 on Ethereum) tokens.

MyAlgoWallet holds distinct advantages over other cryptocurrency wallets. For example, ALGO funds held in MyAlgoWallet are staked automatically and earn staking rewards in real-time. Therefore, one should prefer holding ALGO in MyAlgoWallet, rather than a third-party wallet, an exchange, or a staking service provider.

Creating a wallet on MyAlgoWallet is easy and intuitive. The wallet also gives the option to view the seed phrase as a QR-code in case someone wishes to store his seed phrase digitally.

Sending funds across Algorand is extremely cheap — a standard fee for simpler smart contract functions such as send funds is around 0.001 ALGO (~$0.00023). Due to Algorand’s transaction throughput of over 1000 transactions per second with a block time of only 5 seconds, the transaction gets confirmed near instantly on the Algoexplorer.

About TrustSwap

TrustSwap is a multichain, full-service digital asset ecosystem that offers P2P/OTC Escrow, Time-release payments, Launchpads, Incubator programs, NFT marketplace, Team token & Liquidity Locks and automated distribution protocol solutions.

The TrustSwap Launchpad is a premier service offered for top-tier projects that want professional support and guidance through the complex and critical token launch process.

Via this site