What is simulated
- Artists and songs. Every artist, song and cover is fictional. Covers are generated, and previews are synthesized in your browser.
- Streams. Daily stream counts are generated, not taken from any streaming service.
- Royalties. Payouts are computed from those generated streams. No artist has paid, or will pay, any of them.
- Liquidity. A house market maker and automated traders fill most of the order books.
- Money. Balances are demo credits and test-network tokens. Nothing here can be withdrawn as real money.
What is real
- The order book, matching rules, price bands and trading halts.
- The ledger behind every balance, holding and payout.
- Sign-in, passkeys, two-step verification and the account controls.
- The royalty pipeline: statements in, holder records, distributions out.
What is not shown
Forward yields and monthly royalty estimates are hidden. They come from a model fitted to generated streams, and we will show them only once a song has six months of real statements behind it.
Nothing here is an offer to sell securities. See the risk disclosure and methodology.