---
title: What are NOTES?
description: NOTES is a token bringing utility functions for ANote Music community. Designed with the purpose of enriching investors' experience within the platform.
---

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3. [NOTES](https://support.anotemusic.com/backstage-pass?hsLang=en#notes)

# What are NOTES?

NOTESwork as a fungible token, bringing utility functions. It has been designed with the main purpose of supporting and empowering the community of investors on ANote Music.

In practice, NOTES function as the backbone of the Backstage Pass loyalty program, similar to loyalty points in standard loyalty programs. They empower account holders to maximise their experience on ANote Music, accessing exclusive opportunities and benefits. Holding a higher number of NOTES will increase the amount of cashbacks and benefits from the Backstage Pass offerings.

The amount of NOTES you hold determines your level on the Backstage Pass Program as well as how much cashback you are eligible for. Every NOTES you have means you can get cashback on one euro you've invested.

You can earn NOTES by: 

- participating in auctions,
- buying exclusive offers,
- trading catalogues,
- or getting royalty payouts. 

You can check the *Rewards* section for more detailed information.

### What is a token?

A token refers to a digital asset or unit of value that is created and managed using blockchain technology. There are different types of tokens depending on their functionality. NOTES, for instance, are utility tokens. Utility tokens give access to specific products or services.

The NOTES token unlocks access to the Backstage Pass, providing benefits like cashback for specific platform activity, rewards for trading, or receiving royalties payouts and much more.

For further information on tokens, we recommend exploring mor about the topic from the information available online :)

### Why on the blockchain?

The decision to incorporate blockchain technology into ANote Music's platform from its early stages was driven by a commitment to ensuring transparency and traceability of transactions.

This commitment extends to the handling of NOTES, where the aim is to seamlessly integrate them within the platform’s ecosystem. By connecting one's wallet address, the process becomes entirely decentralised. This decentralised approach aligns with the company's ethos, offering account holders a seamless experience regardless of whether they opt for a wallet custodian or prefer to safeguard their own keys.

 

If you have any questions or need further assistance regarding the NOTES feel free to reach out to our team at 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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