How does the secondary market operate?

In ANote Music's platform, 'Live Auctions' involve the exchange of funds and catalogues between original rights owners and investors using a ‘Dutch Auction Model’. In contrast, the 'Secondary Market' allows investors to trade catalogue shares they already own with other investors.

Previously acquired music catalogues can be listed for sale to the investor and music fan community. On the specific catalogue page, any investor can buy and sell shares, offering the chance to cash out at any time or access catalogues missed during the auction, and expanding their portfolio.

ANote Music’s 'Marketplace', facilitates the buying and selling of shares post-auction. This trading helps create liquidity and promotes fair pricing.

In auctions, the minimum starting price is set by the original rights owners. However, in the secondary market, prices are determined by pending order books. When sell and buy prices match, a new market price is established and the transaction is recorded on our blockchain.

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A new market price is continuously determined and recorded whenever bid and ask prices match, reflecting current offer and demand.

If you still have questions about the secondary market, please contact us at directly.