Glossary

The USDC tranche a track must raise to launch its token.

The dollar amount you set at upload that backers fill toward (formerly called Bond Target — renamed to match the SABT — Sealed Artist Bond Tranche — mechanic). Range $1k–$50k. When the pool reaches 100%, the offering 'bonds' — your $VOFF token deploys on Base, 20% of the raise goes to the artist in USDC, 10% airdrops to backers, 40% seeds DEX liquidity, 40% goes to the VNON treasury.

An offering that hit 100% of its target and deployed its token.

When a track's bond pool fills to 100% of its Bond Tranche, the smart contract automatically deploys the $VOFF token on Base, pays the artist, seeds liquidity, and airdrops backers. A 'bonded' track is past this milestone; its token trades on a DEX.

A crowdfunded track release — funds escrow until the Bond Tranche is hit.

The standard VNON drop. Artist sets a Bond Tranche; fans back the pool pre-bond at a uniform price. If the target is reached by the deadline, the offering bonds (see above). If not, every backer is refunded 100% — no fees. The 'conditional' part is the no-bond-no-transfer guarantee.

A no-crowdfund release — token launches immediately, listeners earn supply.

The alternative path to $VOFF. Skip the raise entirely; your $VIFT token deploys on approval. 10% of supply is claimable free by listeners who play your track (listen-to-earn). 10% goes to pool float, 80% is perma-locked. Artist earns 50% of DEX trading fees forever, and streaming/sync royalties buy-and-burn the token over time.

The smart-contract escrow that holds bond pool USDC.

VNON's escrow primitive. Contributions sit sealed in the SABT contract from ACTIVE through BONDED or FAILED. Releases USDC + airdrops on bond, refunds 100% on failure, supports 90/10 early exits during ACTIVE.

Withdraw from an active bond pool — get 90% back, 10% stays in escrow.

Before a bond fills, backers can withdraw their contribution at any time. 90% returns to the backer's wallet, the 10% exit tax stays in the pool's escrow (redistributed to remaining backers if the bond fails). Prevents flash speculation while letting backers exit if their thesis changes.

The top 3 pinned bid-comments on every track.

Comments on a track can be bid with $VNON. The top 3 bids pin to the Front Row at the top of the comments section, visible to every viewer. Base comment cost: 420 $VNON. Front Row floor: 10,000 $VNON. Simulated in beta.

Attention-weighted activity score for tracks and artists.

Combines plays + comments + bid volume + share velocity into a single normalized score. Used for leaderboard ranking and the Top Offering surface. Not a financial metric — it's the closest thing VNON has to 'cultural momentum.'

Per-track token from a bonded Conditional Offering.

100B fixed supply per song. At launch: 80B is BURNED (sent to 0x…dEaD) — it is the accounting basis for royalty splits between the artist and collaborators, not tokens anyone holds or can sell. 10B is airdropped to backers. 10B seeds the trading pool, of which roughly 2.9B is bought into the VNON treasury at launch. 0% VC, 0% team. Royalties flow 80% to creators, 10% to backers, the remainder to the pool and treasury. Ticker is `$VOFF{id}` (e.g. $VOFF8) or a custom symbol the artist sets.

Per-track token from a Gift Drop.

Same 100B supply as $VOFF but a different distribution: 80B perma-locked, 10B listen-to-earn (claimable by listeners), 10B pool float. Artist earns 50% of DEX fees + buy-and-burn from streaming royalties (which $VOFF doesn't have — $VOFF's value accretes via the royalty stream instead).

VNON's governance + staking token.

Used to vote on curator elections, governance proposals, and treasury allocation. Stakeable for protocol rewards (24h unlock, 48h withdrawal). Also the bidding currency for Front Row comments. Pre-launch as of beta — supply and distribution model are still being finalized with counsel.

The VNON user (wallet) that submitted a track.

The wallet that controls the offering and receives the 20% USDC payout at bond. Often the artist themselves, but can be a manager, label, bandmate, or producer uploading on behalf of the credited artist. Shown as 'Submitted by @handle' on the track detail page when distinct from the named artist.

The named/featured artist for a song — a credit, not necessarily a VNON user.

The artistName field is a free-text string entered at upload (e.g. 'Frank Ocean'). It's a credit, not a profile link. The Artist card on a track page only becomes a clickable profile link when we can confirm the artist is on VNON (via uploader match or a linked collaborator).

A credited contributor to a song with a royalty split.

Set at upload. Each collaborator has a name, a role (artist, producer, songwriter, mixer, vocalist, instrumentalist, engineer, etc.), and a percentage of the creators' 80% royalty share. Collaborators with a matching @username on VNON are auto-linked to their profile; those off-platform get an invite token they can redeem to claim their credit.

A user who contributed USDC to a bond pool pre-bond.

Backers receive a pro-rata airdrop of the 10B $VOFF backer pool when the offering bonds, plus ongoing streaming royalties. 'Backer' is the pre-bond label; post-bond they become 'holders' once the token deploys and they hold $VOFF.

Auto-assigned permanent ID for every VNON account.

Format: VNON{n} (e.g. VNON482). Issued at first sync, immutable. Independent of the user's chosen @username (which is also unique but can be claimed later or changed). Used as a fallback display when no username/displayName is set.

Seasonal user ranks: Oracle → Mystic → Adept → Initiate → Akoustikos.

Five tiers based on seasonal activity. Oracle (top 1%), Mystic (top 5%), Adept (top 10%), Initiate (top 25%), Akoustikos (top 50%). Used on leaderboards for artists and backers. 'Akoustikos' is the Pythagorean term for an initiated listener — felt appropriate for a curation platform.

Seasonal track ranks: Diamond → Platinum → Gold → Silver → Bronze.

Reserved exclusively for tracks (not users). Diamond (top 1%), Platinum (top 5%), Gold (top 10%), Silver (top 25%), Bronze (top 50%). Visible on track leaderboards and the music page. Designed to feel like a record-industry sales certification.

ERC-721 on Base. Max supply 3,333. Permanent access tier.

Holders get permanent perks across VNON seasons: priority drops access, governance weight multipliers, exclusive Backstage zones, and listed standing on the Curator board. Mint price 0.003 ETH. Contract: 0x5a5ea42e…3c01e09 on Base.

Coinbase's Ethereum Layer-2. Where every VNON token deploys.

Chain ID 8453. Mainnet RPC: https://mainnet.base.org. Explorer: basescan.org. Chosen for cheap transactions, Coinbase-native onboarding, and a strong consumer-crypto ecosystem.

Token-deployment SDK used to launch $VOFF and $VIFT tokens.

An open-source factory + SDK for permissionless token deploys on Base. VNON uses Clanker v4 to deploy a fresh ERC-20 every time a track bonds (for $VOFF) or is approved (for $VIFT), with the same launch parameters and LP setup each time.

Auth provider that handles wallets + email + social login.

When you click 'Log in' on VNON, Privy handles authentication via your choice of email, Google, X, Apple, Farcaster, or any EVM wallet. Email/social users get an embedded wallet auto-created for them. The auth token Privy issues is verified on every API call.

Operational treasury — held by VNON Labs, LLC; funds the protocol.

Receives the bulk of the 40% bond-raise treasury allocation. Custodied by VNON Labs, LLC via a human multisig with quarterly public reporting. Funds platform operations, master rights acquisitions, DSP licensing, infra, vendors, and legal. Distinct from the Curation Treasury (see Governance).

The US-domiciled LLC that legally owns and operates everything material on VNON.

Counter-party for every real-world deal: DSP licensing (Spotify, Apple, YouTube), master rights agreements, vendor contracts, employment, the operational multisig. Token holders coordinate around the platform via the Curation Council, but legal authority over assets and contracts stays with the LLC. Critical for limiting partnership-liability exposure to token holders and giving regulators / counter-parties a clear entity to deal with.

The $VNON staker collective — a partner of VNON Labs, not the same entity.

Token-weighted voice composed of $VNON stakers. Votes via Snapshot. Binding within its own scope (the Curation Treasury, compilation picks, season themes, featured drops) and advisory to VNON Labs on everything else (protocol parameters, fee tiers, default royalty splits). Designed as a 'partner collective' — coordinated coordination of fans and curators, not a legal entity, not a general partnership.

A bond-income sub-pool entirely controlled by the Curation Council.

A small percentage of every bond raise (tentative ~5%, final TBD) routes into a sub-pool separate from VNON Labs' operational treasury and reserves. The Council directs spend by Snapshot vote: community marketing, major artist features, curatorial events, promotional pushes for high-conviction bonded tracks, curator bounties. Cannot fund LLC opex, cannot acquire master rights off-platform, cannot dividend out to holders.

Off-chain signed voting infrastructure (snapshot.org).

Industry-standard governance voting tool — gasless, supports every major wallet, integrates token gating. VNON has its own Snapshot space; the /govern page in the app fetches and renders proposals via Snapshot's GraphQL API so users vote within VNON UX while Snapshot handles the cryptographic vote counting.

Council votes are binding within Council scope, advisory outside it.

Within the Council's own jurisdiction (its Curation Treasury spend, compilation track inclusion, season themes, featured drops) — vote outcomes execute. Outside Council scope (LLC operational decisions, master rights treasury, real-world contracts) — vote outcomes are advisory signal to VNON Labs, which retains legal authority to act on those assets. This boundary is what keeps the Council a partner-collective rather than a control structure.