---
title: Cashback reward
description: Learn how to calculate your cashback for participating in auctions and exclusive offers.
---

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# Cashback reward

You’re eligible to receive cashback for participating in **auctions** and **exclusive offers**. The invested amount over which the cashback is calculated depends on the number of NOTES you hold.

**1 NOTES unlocks €1 of cashback**

For example, if you have 500 NOTES and invest  €1000 euros in an auction, you’re eligible to receive cashback on €500 of your invested amount once your orders are executed.

Cashback is paid:

- At the end of the auction, if your bids are successful and shares are assigned
- Immediately after execution, in the case of Exclusive Offers

### Important information about cashback eligibility

Cashback is a promotional reward designed to encourage meaningful participation in the market.

To ensure a transparent and fair market, please note the following:

**If you sell any cashback-eligible shares within 3 months of the auction closing, the cashback proportional to the shares sold will be reclaimed and deducted from your balance after the sell order is executed.**

This measure helps prevent short-term behaviour that could undermine the integrity of the market.

### Cashback tiers

**Starting from 1 NOTES:**

![new blue](https://support.anotemusic.com/hs-fs/hubfs/new%20blue.png?width=670&height=127&name=new%20blue.png)

- 6% cashback from €1 until the first 100€ invested.
- 2% for the investment above  €100.

**Starting from 500 NOTES:**

![new gold](https://support.anotemusic.com/hs-fs/hubfs/new%20gold.png?width=670&height=129&name=new%20gold.png)

- 6% cashback on the first €200 invested
- 2.5% on the amount above €200

**Starting from 2,500 NOTES:**

![new platinum](https://support.anotemusic.com/hs-fs/hubfs/new%20platinum.png?width=670&height=128&name=new%20platinum.png)

- 6% cashback on the first €300 invested
- 3% on the amount above €300, up to the total number of NOTES held

Let’s see it in an example: Let’s say you have 500 NOTES and you invest €1,000:

- Only €500 are eligible for cashback
- 6% on the first €200 = €12
- 2.5% on the remaining €300 = €7.50
- Potential cashback: €19.50

Now if you have 500 NOTES and invest €400 ( keeping in mind that 1 NOTES = €1):

- The full €400 is eligible for cashback
- 6% on the first €200 = €12
- 2.5% on the remaining €200 = €5
- Potential cashback: €17

### How to use the Cashback calculator

To help you save time from doing all these calculations, we’ve created a cashback calculator that you can find directly on your Backstage Pass dashboard, if you already activated it. 

![calculator1](https://support.anotemusic.com/hs-fs/hubfs/calculator1.png?width=449&height=286&name=calculator1.png)

*The cashback calculator is only visible if you already activated the Backstage Pass.* 

**How to use it:** 

- Go to the Backstage Pass page \> See calculation

![Frame 39155](https://support.anotemusic.com/hs-fs/hubfs/Frame%2039155.png?width=429&height=236&name=Frame%2039155.png)

- On “Amount of NOTES” Insert the amount of NOTES that you own.
- On “If you invest” insert the amount in euros that you wish to invest.

![CALCULADORA](https://support.anotemusic.com/hs-fs/hubfs/CALCULADORA.png?width=328&height=378&name=CALCULADORA.png)

The result will show, based on your tier,  how much cashback you could potentially receive.

To learn more about how the Backstage pass works visit our Backstage pass section on the Support Centre here: [https://support.anotemusic.com/backstage-pass](https://support.anotemusic.com/cashback-calculator) or contact our team: [support@anotemusic.com](mailto:support@anotemusic.com)

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Disclaimer

ANote Music is a marketplace for buying and selling royalty interests and/or intellectual property rights and, as such, it does not constitute activities of the financial sector in Luxembourg and therefore ANote Music is not subject to the Luxembourg financial sector regulator (Commission de Surveillance du Secteur Financier - CSSF).  Royalty interests are the contractual right to perceive future music royalty income that is generated by various types of intellectual property rights/copyrights. Neither music royalties nor royalty interests constitute “financial instruments” within the meaning of the MiFID (the Directive 2014/65/EU of 15 May 2014 on markets in financial instruments) and the LFS (the Law of financial services of 5 April 1993, as amended) which is implementing the MiFID in Luxembourg.  None of the price quotations, information, news and research accessible on the website and the marketplace or shared through any other communication channels by ANote Music or its Affiliates constitute advice, recommendations or solicitation to any person in any jurisdiction to buy, sell or invest in any asset, royalty interests, intellectual property rights. Any decision made by a person to participate in ANote Music marketplace’s activities should be made on the basis that such an activity complies with any applicable local laws and regulations to which the user is subject to. The user should not access the ANote Music marketplace if such an activity does not comply with any applicable local laws and regulations to which the user is subject to.   Keep in mind that purchasing royalty interests and/or intellectual property rights involves risk and you may lose the invested capital. The value of your royalty interests or intellectual property rights will fluctuate over time and you may gain or lose money. Past performance is not a guarantee of future returns, nor is it necessarily indicative of future performance. This disclaimer cannot disclose all of the risks and other significant aspects of dealing with royalty interests and intellectual property rights. You should satisfy yourself that you fully understand the conditions which apply to such assets, our services and the potential risk exposures. The images and pictures on the website and on ANote Music marketplace are merely illustrative and may contain data that are no longer updated or valid. Please always refer to the current pricing and valuation of royalty interests or intellectual property rights, as the case may be, in the relevant section on ANote Music marketplace.

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