What’s Next After Buying MFTs? Your Opulous Journey Continues!

Opulous
3 min readJun 2, 2023

Congratulations on securing your MFTs with Opulous!

We’re thrilled to kickstart a new era of Opulous, where you play an integral role in our ecosystem. In this blog, we will address all your questions after purchasing your MFTs!

We’ll be discussing the following:

  • Claiming MFTs
  • Claiming Perks
  • Claiming Music Rewards
  • OPUL Token Storage Mechanism
  • Further Important Updates

Get ready to dive deep and have all your important questions answered as we guide you through this exciting journey!

Claiming MFTs

Now you have purchased your MFTs, the next step is claiming them!

We’re excited to announce our new distribution system is better than ever. We anticipate the first round of MFT distributions to be completed by the end of this month, so your MFTs will be in your wallets very soon. After verifying our new distribution system, we will ensure that future MFTs are distributed two days after each sale concludes.

As soon as your MFTs are ready, you will receive an email notification containing detailed instructions on how to claim your MFTs. It is important to note that you must connect to the Opulous App using the same wallet address you bought your MFTs with. We look forward to sending your MFTs very soon!

Claiming Exclusive Perks

As an MFT holder, you may have qualified for exclusive perks, including NFTs and physical items, based on your participation level. For instance, if you participated in the Nito NB sale with over $500, you would have received Silver Tier perks. Please note that you will only receive the perks corresponding to the tier you participated in. Perks from other tiers will not be included.

If you qualify to receive an OPlaque NFT, it will be available for claiming along with your MFTs via the Opulous App.

For other perks such as Physical OPlaques, merch, or exclusive listening sessions, we will coordinate the delivery of these items through email. Keep an eye on your inbox for exciting updates and instructions on claiming your perks. We can’t wait to see you fully immersed in the Opulous ecosystem!

Claiming Music Rewards

Once you have successfully claimed your MFTs, the first batch of Music Rewards will be available for claiming at the beginning of the following quarter. If you claim your MFTs in June 2023, your Music Rewards will be ready at the start of October 2023 and distributed quarterly for perpetuity while holding the MFTs.

It’s important to note that Music Rewards will only start calculating once you have received your MFTs. This ensures that you receive rewards based on the revenue generated by your MFTs.

OPUL Tokens and Storage Mechanism

What happens to the OPUL tokens used to purchase your MFTs?

The OPUL tokens received in our wallets are stored securely, holding potential for future utility within our ecosystem. Although we have no plans to sell these tokens, they represent a valuable resource that could be leveraged to support our staking pools, offering more possibilities for our token holders.

This also provides us with a safeguard, ensuring a certain level of liquidity for operational needs, if ever required!

Important Updates

We are committed to providing a seamless user experience, and we sincerely apologize for any technical difficulties encountered during our new platform’s first MFT sale.

Our team is actively addressing reported issues, including users getting stuck on the confirming purchase screen and challenges with mobile purchases. We understand the frustration caused by these incidents and are working diligently to rectify them before upcoming sales. Your feedback is invaluable to us, and we appreciate your patience as we improve and optimize the Opulous platform!

Should you have any questions or require further assistance, our dedicated support team is ready to help. Feel free to contact us at support@opulous.org, and we’ll be more than happy to assist you.

Your Opulous journey has only begun, and we’re thrilled to have you as part of our community. Stay tuned for more exciting updates as we revolutionize the music industry together!

If you haven’t already, join the Opulous community by following us on all platforms so you don’t miss a thing! (TIP: activate notifications for anything posted by Opulous).

Twitter: www.twitter.com/opulousapp/

Instagram: www.instagram.com/opulousapp/

Telegram: www.t.me/opulousapp

Reddit: www.reddit.com/r/Opulous

YouTube: www.youtube.com/c/Opulousapp

--

--

Opulous

Opulous is building game-changing music products transforming how artists gain funding and connect with fans!