How do I create a Bolero Music account?

Bolero Music

When you first arrive on Bolero, on the top right click on "Register". You will need to fill in some information. Once it is done, you will receive a confirmation email with a link. Click on it and sign in to your new Bolero account. Welcome to your dashboard!

Your wallet

The second step you need to do before buying tokens & NFTs is to create/connect a crypto wallet to your account.

Click on "connect wallet" on the top right of the page. Everything is explained here:

  • What is a crypto wallet?
  • A tutorial will guide you through all steps to create and connect your wallet to Bolero.

How do I create a wallet?

There are several ways to create a wallet. Solutions exist for the most novice among you to the most experienced:

  • Torus: The easy to use wallet.

    It provides a solution for beginners as you can create your wallet simply with a Google connection.

  • Metamask: The most popular wallet.

    Creating a Metamask wallet will allow you to access all Dapps (Decentralised Applications) as it is the most integrated one.

    The process is a little bit longer than Torus. Here is a short tutorial.

  • Rainbow: The best wallet for mobile.

    If you plan use mobile more frequently, you can download the Rainbow application which offers one of the best experience. However, the use of a wallet on a mobile phone is not yet optimal. We therefore recommend using it on a computer.

What is the purpose of using Bolero Music when you're an artist?

With Bolero Music, an artist benefits from a simple, fast and fair platfom to create and sell fan tokens & NFTs. To that extent, every artist can create a new sustainable and recurrent source of income from their digital assets. All this in a decentralised way.

Our tokenomics have been designed to empower creators, and incentivise fans. Bolero Music is a place to gather fans into what we call "fandom". Whether users come for their favourite artists or invest in several artists, they are far more engaged in the career of the artists they support (streaming, concert, grapevine...).

Why does every artist have a score?

One of the issues we want to solve in the music industry is the lack of objectivity for assessing artists performances and potential.

Today, an artist is assessed by looking at their sales statistics (digital and physical) and mainly their footprint on social networks.

However, we think that it is not relevant given the way people consume music now, things have changed. So we created the first algorithm capable of evaluating the performance and potential of artists. Each week, the algorithm interprets an artist’s progress by taking into account their musical genre and activity.

What is a fan token/artist token?

A Fan Token is a unique object, issued in limited quantities by each artist on the platform. Each token is authentic and unalterable thanks to the blockchain.

You can consider these tokens as digital membership cards that materialize a tangible link between the artist and his fanbase.

A token has two virtues:

1 - They allow access to the rewards offered by each artist, exclusively to his community that holds the tokens

2 - They can increase in value over time, depending on the exchanges and the development of the artist’s career

What is a reward?

Rewards are exclusive advantages offered by the artist to all token holders. The rewards are defined by the artist and managed by the artist. They choose the nature of the rewards and when they will be delivered. Artists can choose different stages to offer different kind of rewards. For instance, one can deliver rewards starting from 1 token while others can unlock rewards starting from 10 tokens.

What kind of NFTs exist?

At Bolero, we wanted to let you collect pieces of each artist creative universe, while keeping a simple experience of discovery and usage. Therefore, we have created and made available 4 different types of NFTs:

  • Master Recording Share (mp3 snippet, file)
  • Track (mp3, wav)
  • Visual (pictures, music videos, gifs)
  • Live Pass (backstage access, free entrance, festivals...)

Which blockchain do we use?

We are deployed on the Polygon blockchain. This blockchain is a Proof-of-Stake protocol. Proof-of-Stake comes with a number of improvements to the Proof-of-Work system:

  • Greener – Polygon’s validators consume approximately 0.00079TWh of electricity every year, far from the energy consumption by the major PoW blockchain networks (35 to 140 TWh).

  • Faster - In terms of transaction speed, Polygon can handle up to 65,000 transactions per second on a single side chain, with a block confirmation time of fewer than 2 seconds.

  • Cheaper - Polygon solves the problems associated with blockchains, such as high transaction fees ("gas fees") and slow speeds, without sacrificing security.

  • Stronger – Proof-of-stake leads to more nodes in the network and consequently less risks.

The Polygon Network is based on Ethereum standards. This way, all tokens & NFTs created through Bolero Music respect the ERC-20 & ERC-721 standards.

Why do I need to buy USDC and MATIC to buy a token/NFT on Bolero?

USDC is the crypto-currency that allows you to actually buy an artist's token.

However, to validate this transaction the Polygon blockchain must use resources. Of course, this is not free and it corresponds to the famous "gas fees" linked to the blockchain. That's why you have to buy MATIC to pay these transaction fees.

Because we are on Polygon, you only need to buy 1 $MATIC to make thousands of transactions.

How to import artist tokens in your wallet?

Once a transaction is validated on the blockchain (Polygon), you have the ownership of the fan tokens that you have purchased.

But it doesn’t mean that your wallet is aware of this transaction!

To display your fan tokens in your wallet, you have to import them by declaring the transaction to your wallet. Here’s how to proceed:

With Metamask:

1. Open your Metamask extension

2. Click on "Import Tokens" at the bottom of the window

3. Add the information that you’ve received by email:

  • The artist token address - e.g: 0x4dc8......1799
  • The artist token symbol - e.g: $SKAN

With Torus:

1. Open your Torus wallet by clicking on the blue widget

2. Click on "Edit token"

3. Add the information that you’ve received by email:

  • The artist token address - e.g: 0x4dc8......1799
  • The artist token symbol - e.g: $SKAN