SPOZZ utilizes a technology that allows for payments with extremely low fees and instant transactions from anywhere in the world, while ensuring artists receive their earnings directly in their wallets.
This technology is called blockchain and is still very new to most people. To simplify its use, SPOZZ developed and implemented the concept of SPOZZ Credits, enabling users to make payments without needing any knowledge of this technology. SPOZZ Credits can be purchased using a credit card (or cyptocurrencies).
Once users acquire their SPOZZ Credits, they can use them to listen to music on the SPOZZ platform or purchase song copies based on the type of license defined by the artists.
Different Types of SPOZZ Credits
Yellow SPOZZ Credits
These are the standard credits. Their cost and value are set at one cent of a dollar per SPOZZ Credit (0.01 USD). They can be purchased using a credit card or cryptocurrencies.
For example, a user can buy 500 SPOZZ Credits for 5 dollars on the SPOZZ platform, giving them 5 dollars’ worth of credits to consume music or purchase song copies.
The cost of streaming a song is one cent of a dollar, meaning the user will spend one SPOZZ Credit per stream.
It’s estimated that an average music streaming platform user listens to around 500 songs per month. On SPOZZ, this average usage would cost 5 dollars.
For example:
- A user streaming 200 songs in a month would spend 2 dollars (200 SPOZZ Credits).
- A user streaming 1,000 songs would spend 10 dollars (1,000 SPOZZ Credits).
It’s important to note that on SPOZZ, artists receive 80% of the money their fans pay to listen to them—significantly more than on other platforms. Furthermore, artists receive this money immediately in their wallets, as SPOZZ does not retain their earnings.
Green SPOZZ Credits
These are special credits issued and paid for by SPOZZ for promotional purposes. Users receive them for free and can use them in the same way as Yellow SPOZZ Credits.
However, artists will receive 30% of the amount they would get with a Yellow SPOZZ Credit. This is because Green SPOZZ Credits are promotional, and the payment is made by SPOZZ. Therefore, both the user and the artist benefit from these promotional activities carried out by SPOZZ.
How much do artists earn per stream?
- Yellow SPOZZ Credits: 0.008 USD
- Green SPOZZ Credits: 0.0024 USD